Challenge
Technology breakthroughs are enabling organizations to reimagine their sourcing and procurement functions into a virtual organization in order to drive agile and integrated processes, while aligning buying decisions with sourcing strategies. The new age of agile sourcing and smart procurement brings a different set of opportunities for the leaders, along with stakeholder expectations. Sourcing and procurement leaders are aiming to overcome functional silos, unifying end-to-end source to pay processes while exploring ways to leverage supplier relationships that can drive innovation as they try to improve performance and mitigate risks.
TCS Solution
Procurement 4.0 is characterized by boundary less source to pay functions, capability to act on “here and now” spend insights, zero-touch smart buying, and ability to leverage ecosystems.
. TAP offers one integrated solution to enable modern sourcing practices, full contract lifecycle, supplier performance management, catalog-based requisitions, PO-based buying, supplier collaboration, and end-to-end invoice management including intelligent capture, auto-matching, exception routing, approvals, and payment processing.
TAP can be deployed as an integrated source to pay suite as well as an independent module including TAP Sourcing, TAP Quick Bid, TAP Procure to Pay, as well as TAP Accounts Payable.
Our customers benefit from agile sourcing, responsible buying, leaner accounts payable and superior buyer and seller experience.
TAP Sourcing
Enterprises in the Business4.0™ world need agile sourcing practices enabling greater self-service in managing events and data-driven supplier management with integrated processes. Today's disruptive digital technologies can ensure intelligent automation across the sourcing cycle with seamless transition to downstream processes like contracting and procurement.
TAP offers agile sourcing with Quick Bid for unique buys with faster turn around time, as well as comprehensive RFx Management with guided navigation, collaborative event creation and supplier selection. The solution has intelligent sourcing with features such as event suggestion, auto-scoring, quick supplier search, user configurable item tables for greater flexibility and ease of use, multiple award recommendations, item level awards as well as multi-supplier awards, helping sourcing organizations to mitigate risks along with improved compliance and increased savings.
TAP Sourcing can be deployed independently as well as a module integrated with downstream purchasing processes.
TAP Quick Bid
Sourcing and procurement organizations are often challenged with the efficient management of one time purchases, rush orders, low value buys, tail end items and item categories that are not considered as strategic in nature. Such spend can include short term rentals, MRO & maintenance services, and office supplies among others. The challenges include lack of spend visibility, poor user experience, low compliance and increased risk.
TAP Quick Bid helps organizations drive efficiency by enabling users to solicit supplier quotes in an agile manner. Simplified process and intuitive UI help in improving user experience. Engaging with approved suppliers eliminates risks, ensures compliance, while improving spend visibility.
TAP Quick Bid can be deployed independently as well as an integrated module with downstream processes such as contracting and procurement.
