procurement today - genpact...procurement today with digital today’s digitally enabled procurement...
TRANSCRIPT
Procurement TODAYProcurement is often considered a transactional rather than strategic function. With poor user experiences, unwieldy systems, and inconsistent policies, there are significant barriers that prevent it from having a positive impact on core business objectives.
User experienceUsers have multiple and con icting processes when interacting with procurement
Business usersLack of user focus creates a confusing procurement experience
Procurement operationsProcurement has to focus on issue resolution, which leaves little time to deliver business outcomes
Spend controlInadequate service and purchasing-request turnaround time forces users to bypass processes
Digital adoptionProcesses are manual, time-consuming and do not add value
Target
Management
NOOK
NOOK
green
screens
Category managementDisparate systems, lack of supplier performance data, and ine�ective contract management
Supplier managementNo time for supplier development, only issue resolution
TalentLittle focus on talent management, high sta� churn
Work�owNo end-to-end work ow or procurement policies impact compliance and turnaround times
Spend visibilityCumbersome, retrospective reporting from multiple, non- standardized data sets
CPOCFO
About GenpactGenpact (NYSE: G) is a global professional services firm that makes business transformation real. We drive digital-led innovation and digitally-enabled intelligent operations for our clients, guided by our experience running thousands of processes for hundreds of Global Fortune 500 companies. We think with design, dream in digital, and solve problems with data and analytics. We obsess over operations and focus on the details – all 78,000+ of us. From New York to New Delhi and more than 20 countries in between, Genpact has the end-to-end expertise to connect every dot, reimagine every process, and reinvent companies’ ways of working. We know that rethinking each step from start to finish will create better business outcomes. Whatever it is, we’ll be there with you – putting data and digital to work to create bold, lasting results – because transformation happens here, at Genpact.com.
For additional information, contact, [email protected] and visit, www.genpact.com/what-we-do/business-services/procurementFollow Genpact on Twitter, Facebook, LinkedIn, and YouTube.© 2017 Copyright Genpact. All Rights Reserved.
Secure recovery
0100010101000101110
0100010101000101110
01001011011011101
STP
Complex
User datainput
01001011011011100010111
01001011011011100010111
1011011100010111
0100010101000101110
1011011100010111
SimpleAutoSpend controlUser-friendly interfaces and mobile solutions route purchases to the correct buying channels
TalentWith more time, sta� can focus on adding value and developing skills
Business usersUser focus unlocks sources of value
Procurement operationsAligned interventions and streamlined processes are augmented by agile technology, actionable analytics, global delivery, and continuous learning
Cloud Enabled
Continuous learning
Flexible
deployment
Category managementReal-time supplier performance data drives category strategies
Performance managementIntegrated functional performance data supports continuous improvement
Digital adoptionRPA, machine learning, natural language processing/generation reduce administrative processes
Supplier managementCentralized supplier data improves innovation and strengthens relationships
Dynamic work�owSeamless processes across the front, middle and back o�ce
User experienceDigital technologies reduce order time, enable on-demand tracking, and increase user condence
Spend analyticsReal-time analytics and insights accelerate decision making
CFO
CPO
Procurement today with digitalToday’s digitally enabled procurement function unlocks procurement’s potential to directly impact the organization’s core business outcomes, including working capital optimization, revenue growth, risk mitigation, innovation, user experience, and cost reduction.