Buy Better with the best of both worlds
At Infosys, we have been helping procurement leaders in their transformation journey with a holistic approach across data, intelligence and opportunity-driven procurement support. We bring together decades of procurement experience from Infosys BPM’s Procurement Centre of Excellence and cutting edge technology capabilities of ProcureEdge, to create the next generation of the Cognitive, Connected Procurement across your S2P Lifecycle.
With ready-to-deploy AI/ML solution, intuitive user journeys and curated improvement opportunities, we bring the power of intelligent transformation into your control.
Key areas we help Procurement Organizations achieve success
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31% is reduction of cost with overall benefit of $1.35M AUD delivered for an international mining and metals company
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Visibility into additional $600M spend, with discovery of $62M potential savings opportunities for a leading global pharmaceutical company
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8% in rate reduction, with reduced costs of third-party containment services using spend analysis for a leading automobile manufacturer
Know MoreWhat a CPO needs today is a powerful tool that helps him view the performance of his function, enables better decision-making, and provides critical insights to drive higher engagement with execution committees.
Solutions built to benefit
- Chief Procurement Officers
- Shared Service Heads
- Global and Regional Procurement Leadership
Custom built features
- What-if Analysis: Simulation of business scenarios for aiding decision making for improving key business metrics around supplier rationalization, catalog penetration, optimized spend channels, spend under management, leakage avoidance, and risks
- Out-of-the-box analysis for checking spend compliance, creating 360-degree spend visibility and root cause analysis to assess anomalies, supplier performance, tail spend, contract compliance, spend patterns, payment terms rationalization, and price optimizations
- Comprehensive Savings Opportunities: Identify savings opportunities by applying in-depth spend pattern analysis
- Supplier Rationalization: Optimize the supply base by reducing the number of active suppliers and retaining & nurturing the most relevant and key suppliers to drive better value
- Supplier Performance Across Geographies: Measure, analyze, and manage the performance of a supplier to alleviate risks and drive continuous improvement
- Spend and Mix Trend Analysis: Analyze spend across categories, groups, products, countries, business units, and suppliers to spend
- Price Variation Analysis: Identify the variation in price for a product across business units, countries, and suppliers
- Market Intelligence: Access to industry trends, key benchmarks, relevant category news, and supplier risk information for dynamic decision-making
Potential Benefits
Visibility – 100% | Productivity Gain– 50% | Savings opportunities – 5%
For new products and R&D, your sourcing and procurement experts need intelligence and research support to identify new suppliers and materials. This needs to be based on demand, market regulations, supplier capabilities, and ensure you align with your social and sustainable procurement goals.
Solutions built to benefit
- Procurement Managers
- Sourcing Experts
Custom built features
- Supplier Discovery: Research about suppliers by region, categories, and goods supplied
- Market Intelligence and Industry Trends: Access to real-time industry insights
- Supplier Visibility and Performance: Complete supplier visibility across multiple dimensions — e.g., spend, performance, financial, and third-party risks, among others
- Contextual News: Curated news content for consumption and action relevant to different procurement persona
- Supplier Risk Analysis: Understand various risks — financial, reputational, environmental, and performance associated with a supplier to avoid the risk of inappropriate vendor relationships
Potential Benefits
Productivity Gain– 30% | Savings opportunities – 5% | 15-30% Brand Value Increase
Your bottom line shouldn’t be lagging savings goals. You need to identify savings as per your goals, so how do you achieve accurate spend classification to build spend visibility, leading to the identification of value-building opportunities?
Solutions built to benefit
- Chief Procurement Officer
- Category Manager
Custom built features
- Accurately classify up to 95% of spend accurately by applying Machine Learning and AI techniques
- Visual analysis of overall spend by product/services hierarchy comparing data before and after spend classification
- Out-of-the-box analysis for checking spend compliance, creating 360-degree spend visibility and root cause analysis to assess anomalies, supplier performance, tail spend, contract compliance, spend patterns, payment terms rationalization, and price optimizations
- Measure, analyze, and manage the performance of a supplier to cut costs, alleviate risks, and drive continuous improvement
- What-if Analysis: Simulation of business scenarios for aiding decision making for improving key business metrics around supplier rationalization, catalog penetration, optimized spend channels, spend under management, leakage avoidance, and risks
Potential Benefits
5% additional Savings opportunities | Visibility – 100% | Accuracy -100%
Category Managers need to stay on top of market trends driving respective categories, have relevant information available to focus on building strategy instead of sifting through multiple reports. They also need to connect external/market information with internal data to derive relevant insights.
Solutions built to benefit
- Category Managers
- Analysts
Custom built features
- Access to category benchmarks, industry trends, and insights for strategic inputs for category management
- Best practices followed across industries for managing categories
- Understand supplier holistically by combining spend data along with external data elements like financial stability, reputational risk, and environmental risk. Measure, analyze, and manage the performance of a supplier to cut costs, alleviate risks, and drive continuous improvement
- News Summary and Aggregation: Access to relevant curated news based on category and suppliers
- Category Risk Analysis: Deal with category-specific risks with specific mitigation strategies
Potential Benefits
Long term savings – up to 5% | Productivity gain – 50%
Procurement needs to get smarter to meet with the increasing expectations of its key stakeholders, including business buyers and corporate requisitioners. They should benefit from a smart, easy, and empowered buying experience to help improve satisfaction as well as ensure compliance with the right ways of buying.
Solutions built to benefit
- Business Users
- Corporate Requisitioners
- Business Buyer
Custom built features
- Design thinking based UX to create a personalized user experience
- Guide buyer through purchase journey at every step towards compliant and preferred channels
- B2C experience enabling interaction using natural language to go about buying activities
- Intelligent insights and recommendations along the user journey to help drive experience and compliance: Product identification using enhanced search capabilities, machine learning to improve user experience consistently
Potential Benefits
Compliance>98% | CSAT 4.5 out of 5 | Reduced spend leakage & increased realized saving %
The COVID-19 pandemic has impacted businesses across the globe. In today’s scenario, contractual risks and compliance is a critical area affecting customers. How do you ensure pro-active contract compliance, protect yourself against the risk of non-performance?
How do you link contract SLAs to actual performance to ensure business continuity as well as address red flags from audits for non-compliant buying?
Solutions built to benefit
- Business teams
- Procurement Manager
- Contract Owners
Custom built features
- Digitize existing contracts with high accuracy to get visibility into paper contracts
- Get visibility into obligations and terms service levels
- Analysis of key clauses including force majeure, business continuity clauses to safeguard against non-performance risks
- Identify contract leakage by comparing purchase against contract pricing, discounts, and rate cards to avoid leakages
- Meet savings targets through contract related opportunities
- Get actionable insights for improving contracts
- Out-of-the-box strategies and recommendations for contract negotiation, and renewal of contracts
Potential Benefits
Leakage Avoidance – 30-40% | Increase in Compliance – 15-25%
How difficult is it to have single visibility of data? How is the problem compounded when we do not have correct data classification — how leveraging the power of analytics — spend visibility is enhanced to enable impactful decisions, buy better, and improve savings.
Solutions built to benefit
- Category Managers
- Procurement managers
- Procurement Data Analysts
Custom built features
- Cleansing & Transformation: Prepare your data for analysis by removing or modifying data that is incorrect, incomplete, irrelevant, duplicated, or improperly formatted
- Data Harmonization: Combine data from different sources and provide users with a comparable view
- ML-based Auto Classification: Visual analysis of overall spend by product/services hierarchy comparing data prior and after spend classification
- Vendor Normalization: Supplier dimensions which stores all unique suppliers, hierarchy and their mapping to enriched supplier name and parentage
Potential Benefits
Date Quality improvement : 45% I Data visibility: >95% | Additional savings : up to 5%
