Sourcing and Procurement
CxOs seek direct savings from the procurement organization. The obstacles to decreasing costs include:
- Absence of a consolidated view of spend, sourcing and procurement information
- Non-compliance with procurement contracts
- Limited view of supply variability and attendant risks
- Inefficient supplier performance management and enforcing policies
- Non-PO expenditure
What's New
- Share BI: Allows sharing of BI content to collaborate with users for faster and effective decision making
- In-Memory Analysis: Brings simplicity, flexibility, and faster access to information for complex analysis even when offline
- Self-Service BI: Delivers power to business users to create, view, and seamlessly share compelling functional content
- Business Process Dashboards: Provides status updates through visual dashboards for at-a-glance business process view
- Personalized Alerts and Initiatives: Enables users to proactively monitor information by setting contextual and personalized alerts based on specific areas of interest
- Industry Best Practice: Functional content leveraging industry-standard concepts such as SCOR and xBSC
- Advanced Analysis: Analyze information in real-time and perform root cause analysis leveraging familiar tools including Microsoft Excel
- Enhanced Collaboration: Effective collaboration with partners using capabilities such as collaborative initiatives and business forms
Our Solution
Infosys’ Sourcing and Procurement Module delivers bottom-line savings by providing intelligence across key areas of the procurement process. The module consolidates sourcing and procurement data from disparate sources, and delivers a unified view of information across processes such as source-to-contract and procure-to-pay. It facilitates collaboration across the supply chain thereby eliminating inefficiencies and minimizing leakages in savings.
Features
Infosys' Sourcing and Procurement Module facilitates complex analysis of information from multiple sources, and transforms it into actionable intelligence to deliver business value through:
- Spend Analysis: ensures compliance with spend targets by analyzing patterns, price and cost variations across different dimensions and the use of in-built collaborative tools.
- Contract Compliance Analysis: ensures decreased non-contract spend thus leading to bottom-line savings.
- Supplier Performance Analysis: analyzes quality, cost and supplier deliveries and enables collaboration with suppliers to effectively manage performance.
- Supply Risk Analysis: plans for high-impact supply chain disruptions by leveraging Key Performance Indicators (KPIs) and alerts, thereby minimizing the potential or actual disturbance in product flow.
Benefits
- Reduces cost of direct spend by 1-10%
- Reduces cost of indirect spend by 4-10%
- Increases contract compliance by 2%
- Increases productivity of purchasing organization