Tata Sons harnesses group synergy with platform-based sourcing services
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TCS Tap™: Adopting Digital Procurement & Supply Chain Agility
Read how TCS’ solution that can be deployed as a source to pay suite helps firms adopt agile sourcing & procurement, automate intelligently, & engage suppliers.
Related InsightsWith an aim to harmonize sourcing process across the group companies, Tata Sons selected TCS platform-based sourcing services, leveraging unique collaboration model. Read this case study to know more.Case Studies29 Jan 2019Read how TCS’ TAP™ Accounts Payable solution, embedded with OCR & AI models, helped OMV digitize data validation & enrichment, driving better invoice processing.Case Studies29 Apr 2022Hawaiian Airlines consolidates Accounts Payable (AP) through digitization and standardization with TAP™, TCS’ procure to pay cloud solutionCase Studies17 Nov 2017
Leverages unique participative and active collaboration model to drive sustainable sourcing
Challenge
Localized procurement, diverse needs, and lack of collaboration led to fragmented sourcing
Business 4.0TM world offers opportunities for the organizations to harness abundant resources. Harnessing ecosystems is one of the key aspects of this abundance. Tata Sons being a promoter of Tata Group, a large business conglomerate, needed to tap opportunities across group companies to drive sustainable energy, reduce wastage, and promote responsible and profitable supplier relationships. Localized procurement, lack of visibility into demand, and collaboration challenges prevented Tata Group from harnessing group synergy. Sustainable sourcing was seen as a business imperative requiring scale and synergy.
Solution
TCS sourcing platform helps Tata Sons fast-track sustainable and inclusive sourcing
Tata Sons wanted to standardize and harmonize sourcing process across the group companies, simplifying it for the buyers and bringing greater transparency to harness demand. They selected TCS sourcing platform and services, in order to leverage category expertize, proven sourcing process and best practices, unique collaboration model, and technology leverage. TCS platform-based sourcing helped Tata Sons aggregate and rationalize diverse needs across the group companies and rapidly strategize group-level sourcing while overcoming challenges of scale, complexity, supply risk, quality, and cost. The solution encompasses an active engagement model, aggregating complex demand, early supplier feedback, and establishing critical success factors, cross-functional collaboration, inclusive sourcing, and RFX management. The solution enables rapid formulation and execution of sourcing strategy, while bringing long-term cost certainty for the group companies. Tata Sons has transformed the group sourcing and started to reap benefits in terms of savings through competitive pricing, most favorable contract terms, and active use of contracts.
TCS’ platform-based sourcing enabled Tata Sons to harness group synergy
Indriyajit Sethi, Vice President and Head Group Strategic Sourcing
Benefits
Rapid execution through active engagement helped Tata Sons harness demand across the group
Adopting a unique collaboration model, rationalizing complex demand, and deploying a first-time-right sourcing approach helped Tata Group harness scale and synergy across businesses. Tata Sons achieved early impact with rapid execution, while ensuring long term benefits.
Statistics
15-25%
savings across categories
50%
reduced energy consumption
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