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In the age where every dollar saved is a dollar earned, can technology provide accurate tools to prevent profit pilferage and enable accurate sourcing?
Evaluating spend to maintain a healthy procurement ecosystem is a challenge within any procurement unit. Today organizations are exploring the most optimized mechanism to analyze total spend so as to segment data into meaningful categories, locate opportunities for supplier rationalization, bring more items under negotiated contracts, benchmark spending against price trends and manage risk related to supply and demand.
Realizing the importance of reliable and complete spend information, MindTree offers its extensive experience in business intelligence to develop a comprehensive Spend Analysis Solution, which is based on our RUBIC (Re-Usable Business Intelligence Components) Framework. The solution monitors spending across all procurement units and can be used to generate accurate analysis of spending trends across suppliers, items, geographic locations, buying units, and currencies to derive maximum intelligence.
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- Functional Design
- Value Assessment
- Data Modeling
- Implementation & Rollout Planning
- Package Installation & Configuration Integration
- Custom Development User Training
- Ongoing Application Support
- Maintenance and Enhancement Services
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Spend Volume Aggregation: Aggregate spending information across different geographies and business functions.
Supplier Rationalization: Helps organizations rationalize suppliers and authorize scale.
Contract Compliance: Tracks contract compliance and removes surreptitious spending.
Inventory Standardization: Inventory across all business functions can be standardized to reduce ad-hoc spending.
"Requisition to Pay" process improvement: Tracks various stages of the procurement process from requisition to payment and helps reduce the overall cycle time and optimize cash flow.
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ANALYST SPEAK |
"RUBIC Supplier Intelligence Solution from MindTree, has had a major impact on a brewer in India. RUBIC (Re-useable Business Intelligence Components) assisted the brewer on improving its bottling profitability.
Reviewing all dimensions of its spend, including product data and bill of materials, made a significant impact to profit. The brewer is now using the tool continuously and making even more adjustments that are meeting the CPO's objectives of cost containment and reduction while ensuring reliable supply."
Source: Spend Analytics Technology- Mastering the Data for the CPO's Strategic Imperatives, Oct, 2007.
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Global Procurement Data Warehouse based Supplier Analytics System for a € 40 Billion FMCG Major
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Analytics Framework to Improve Supplier Performance for a Leading Networking Hardware and Software
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Decision Support System for Optimizing Costs for a Leading India Based Brewery
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BUSINESS SCENARIO |
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