Arysta LifeScience is one of the world's largest privately held crop protection and life science companies and ranks amongst the top 12 agrochemical companies. Arysta LifeScience offers high quality chemical solutions and products that meet the rapidly changing needs of growers across the globe, raising a diverse range of crops.
The organization’s growth had resulted in independent business processes and disparate procurement systems. This led to insufficient visibility into global procurement performance and lack of standardized taxonomy for data comparison across geographies.
We implemented our proprietary cloud-based Procurement Analytics solution to cater to Arysta Life Science’s needs. This was delivered via a fully owned and managed cloud model, bundling application, infrastructure and services on an integrated services framework.
The solution enables users to:
Identify spend patterns across geographies,materials, vendors and locations
Compare prices of the same material procured by various business units
Analyze the efficiency of procurement operations by comparing procurement cycle time, pricing and, process governance and compliance
Track vendor performance based on parameters like on-time delivery, payment terms, International Commercial (INCO) terms and quantity
Perform what-if analysis, balancing total price, INCO and credit term
Identify the outstanding expenses of the organization
Transparency: Increased visibility of global spend patterns, enabling better decision making
Time savings: Automating the data process of the most important countries, thereby reducing the lead time for analysis to 1 day
Productivity: Reduced time spent by the business and IT teams on data analysis and increased focus on core business activities
Scalability: Scalable and flexible system that can be easily integrated with other processes
Lower cost: Low total cost of ownership with a competitive upfront price along with minimal CAPEX on licences, hardware and network
"In order to meet the needs of a rapidly growing and highly complex business, the procurement analytics program was conceived to enhance Arysta LifeScience’s visibility and analytical capabilities and establishing a more globally integrated system. Adopting this platform will be a key enabler, supporting our ongoing efforts to reduce time spent in data gathering and consolidation and providing for greater flexibility in data analysis and more real time insight. This in turn will support more real time decision making."
- Stephen Pearce, Global Head of Procurement, Arysta LifeScience