Sourcing and Procurement Outsourcing
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Consortium led buying models are the new disruptors in the procurement world. This collaborative buying augments the buyers’ power and helps ...
in leveraging economies of scale by sharing of purchase volumes, information, or resources. Read on to know more on what are the best practices and success factors needed for an effective consortium buying and how can buyers leverage the key benefits out of it.
Supply market intelligence (SMI), procurement intelligence, sourcing intelligence, or simply put - market intelligence (MI) – is one of the most critical inputs for the sourcing process....
Best in class organizations have embedded supply market intelligence as an integral part of their sourcing process to reduce risk and enhance savings. Read on to know how a robust and effective SMI strategy can be a competitive advantage for procurement organizations.
Data has received unprecedented significance in recent times and has emerged as a critical input powering transformational technologies and improving competitiveness. Although the power of data is undisputable, companies continue to...
grapple with the challenge of poor quality of data. This is particularly true with procurement organizations that are increasingly relying on data to spot patterns, predict spend, and improve processes and procurement performance. This paper highlights the fundamentals of data management and the best practices for getting the basics of data right.
Amidst all the technological disruptions and innovations taking place in the procurement space, increasing spend under management still remains a fundamental metric that defines success. The industry ...
average for the total spend under management has been around 60% for years and around 92% for best-in-class companies, according to Ardent Partners. Although getting more spend under management leads to obvious benefits, it also demands for additional support. This POV outlines our thoughts on potential models, methodologies and other aspects of RFX management – a catch-all term that captures all references to request for information (RFI), request for proposal (RFP), request for quote (RFQ), and request for bid (RFB).
Successful supply chains of the future would exhibit highly coordinated, digitized operations with greater visibility across the supply chain value network, proactive customer experience management, ...
and data-based decision making. However, several companies lack a holistic supply chain transformation strategy. This point of view captures the essential aspects of a holistic supply chain transformation strategy based on global trends.
The digital renaissance is extensively reshaping businesses today. Going digital is crucial for procurement as it evolves into a...
more strategic and collaborative function. This paper examines the radical approach of utilizing Design Thinking to help crystallize an effective digital strategy for procurement that takes into account the expectations of its key stakeholders.
The accounts payable (AP) and procurement functions are two sides of the same coin. What can make these functions deliver outstanding results is ...
is the integration of their transactional and strategic activities. Read this paper for an insightful perspective on setting up an integrated procure-to-pay function (P2P).d
Crude oil prices are sliding steadily and have dropped as much as 48 percent in the last six months. However, air travelers have not been able to reap benefits by way of lower ...
airfares. This paper examines the factors that are creating such paradoxical challenges for travel category managers, CPOs, and consumers at large. It also includes recommendations to strengthen category strategy and plans.
Increased regulatory demands and growing pricing scrutiny have pushed the pharmaceutical manufacturing industry to explore options to reduce their cost base and simplify overall business operations. Hence, the concept of outsourcing ...
non-core business functions has gained momentum. This paper focuses on streamlining functions, which are essential to pharmaceutical companies’ core business, and aims at building collaborative partnerships to manage non-core functions.
Supplier management is a strategic and fast growing domain in procurement. From a supplier performance monitoring activity - it has become a strategic and innovative function. Today, many ...
organizations are embarking on strategic supplier management solutions to enhance business value through collaboration and innovation with suppliers and service providers. This paper examines the challenges and the approaches needed to help organizations - emerge as winners in a dynamic and collaborative world of business.
Challenges in the operating environment are likely to be intensified causing economic austerity in sourcing and procurement before long. Experts are now...
investigating how focusing on the entire supply chain can effectively modify procurement process. Though procurement objectives remain constant, the challenge lies in acquiring a product at minimum expense. For achieving a balanced acquisition, supply chain and procurement must work jointly across the activity stages.
Today, only a handful of manufacturing companies have the expertise, information, and tools to effectively manage the sourcing of parts used in maintenance, repair, operation, and overhaul (MRO). In this whitepaper, published...
in the business technology magazine Supply & Demand Chain Executive, an Infosys expert discusses how focusing on the entire supply chain is an effective sourcing strategy for MRO items that will positively impact companies.
Published with permission of Supply & Demand Chain Executive
A sourcing executive's product knowledge is an important parameter for the effective sourcing of any item. In this whitepaper published by the Sourcing Interests Group, Infosys'...
sourcing and procurement expert examines the features, usage, and cost drivers of vitrified tiles. This white paper is a must-read for executives looking to develop appropriate sourcing strategies.
Published with permission of the Sourcing Interests Group (SIG)
Despite economic instability, there is a continuing increase in service provider capabilities and a growing interest in Procurement Outsourcing. The growth of emerging economies, low availability of trained supply management...
professionals and the need to drive efficiencies and effectiveness in the Supply Chain are key drivers of this increase. No longer synonymous with transactional procurement, strategic aspects including category management, strategic sourcing, supplier management, analytics, and knowledge management all form part of Procurement Outsourcing. Our experts examine how the landscape has evolved and the road that lies ahead.
Published with permission of Technology Partners International, Inc.
Infosys' expert shares a successful sourcing strategy by discussing a real life case of electrical cables procurement. He demonstrates how to achieve cost savings through right sourcing, linking price to raw materials price movement and reducing the Total Cost of Ownership.
Reproduced with the permission of the Sourcing Interests Group (SIG)