Sourcing and Procurement Outsourcing
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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.
Enterprises expect their procurement function to be always ready for change and transformation, which are considered complex and difficult programs to execute. However, a new breed of enterprises are building their procurement functions to be always ready for ...
change. On observing some of these enterprises, it was found that a carefully thought out blueprint with seven essential ingredients enables them to build such a culture.
To balance conflicting objectives of increasing cash at disposal and not stretching suppliers’ days sales outstanding (DSO), enterprises need to implement programs like supply chain financing (SCF)....
SCF is an effective tool for enterprises that strive to be productive, innovative, and adhere to performance benchmarks. Implementing SCF entices banks to buy supplier receivables at very low discount rates, securitized by the enterprise’s solid credit score and low cost of capital.
Business ecosystems are becoming increasingly competitive because of which pressure on margins are growing by the quarter. Organizations are looking to ‘source’ their tasks to geographies...
that are competent while still being competitive. A common reference to this has been low cost country sourcing (LCCS) also called best cost country sourcing (BCCS).
The pharmaceutical industry was once the envy of the global business community. However, with increased regulatory and pricing pressures, pharma is now grappling with...
reducing their cost base and helping overall business operations become more efficient. In this scenario, outsourced procurement organizations can prove to be very valuable assets.
As companies pursue sustainable high performance, a new operating model is emerging on the horizon; one that forges partnerships to complement internal resources and capabilities. This paper explores the need...
for such a model to support the in-house procurement function. It identifies five areas where the new analytics-based, value-focused operating model can deliver a wider range of benefits.
In many companies, marketing is still the last holdout area as far as engaging procurement is concerned. What does it take to be a true business partner to your colleagues in marketing? This paper...
puts the spotlight on the dynamics of marketing procurement and offers suggestions on how a procurement organization can provide effective support to marketing, helping reduce promotional spend significantly.
This white paper explores the least focused but significantly important area of any organization’s spend management – tail spend / low value spend management. Various factors...
exist behind such a paradoxical situation and we investigate them right here. From defining what a tail spend is, to why a firm should make the right investment on it, while still keeping in mind high spend / core areas.
The most difficult challenges faced by CIOs and CPOs around the world are avoiding risks and eliminating compliance issues in software procurement...
and management. This white paper provides doable solutions that are relevant in these times of software vendor audits and potential legal issues.
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.
Procurement outsourcing is gaining importance due to its ability to impact operations across an organization. Infosys' experts discuss the trends in procurement outsourcing, the functions within procurement that lend...
themselves to the global delivery model, and key benefits. They also provide a road map for implementing an outsourced process. The white paper shares the experience of a heavy equipment manufacturer that adopted procurement outsourcing to standardize workflows and realize cost savings.
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)