Client Challenges
- Conserving cash: Need to scale back capital and discretionary spending to sustain profitability
- Getting more out of suppliers: Need to renegotiate supplier agreements, terms and sub-tier sourcing
- Sustaining cost takeouts: Need to maximize category and geographic scope of managed spend
- Managing high supplier risks: Need to mitigate the growing number of supply chain risks in the volatile demand supply scenario
- Reducing the high procurement operations cost: Need to do more with less procurement budgets
- Managing the increasing complexity of supply chains
What TCS Provides
TCS’ Procurement platform combines the best of technology, infrastructure and services to offer sourcing, contract management, and Procure-to-Pay (P2P) services, delivered by in-house procurement specialists. Our partnerships with global sourcing companies provide you with additional benefits. We equip you with delivery scale capabilities with our proven Global Network Delivery Model™ (GNDM™).
Together, these help you realize benefits such as increased supplier compliance and cost advantage from real-time negotiation, volume discount, extended supply base for greater price benefits and a shift from the CAPEX to OPEX model.
Our comprehensive offerings include the following:
- Sourcing Process on Cloud, which offers the following:
- Enhanced sourcing and purchasing capabilities by leveraging our expertise in process automation, sourcing, technology innovation and best in class delivery capabilities
- Pre-defined category templates to help increase your sourcing agility, while process standardization improves operational efficiency
- Purchase-to-Pay (P2P), which includes the following:
- Best-practices and domain expertise in requisition management, purchase order management, catalog management, and supplier enablement, along with secured infrastructure to streamline and optimize your P2P cycle
- Better risk management and compliance, with enhanced spend, supplier, and performance visibility
- A shift from the CAPEX to OPEX mode, enabling investments in core business areas to develop a competitive edge
- Spend Analysis, which includes the following:
- Spend analysis by different dimensions like item / product, category, supplier, divisions, buyer, etc., enabling strategic decision-making
- Better insights into historic spend through enrichment, cleansing, and classification of spend data
- Performance Management, which helps with the following:
- Ensures supplier performance, enabled through supplier enablement, supplier compliance management and performance tracking
- Builds dedicated supplier development competencies
Business Value
- Cost advantage: Real-time negotiation, reduced maverick buying, extended supply base for greater price benefits and a shift from CAPEX to OPEX model ensure cost benefits.
- Process efficiency: Work-flow driven, repeatable and reusable processes reduce sourcing cycle time and usher in transparency. TCS has more than 35 pre-defined procurement processes developed using best practices assimilated from over 30 years of in-depth expertise.
- Strategic benefits: Rationalized supplier base, spend visibility and MIS reporting facilitate informed budgeting and planning. You also achieve effective compliance monitoring.
- People excellence: An experienced global resource pool provides sourcing and category expertise, facilitating better supplier relationship management.