Genpact provides end-to-end Source to Pay (S2P) services for both direct and indirect materials. These services enable enterprises to extract maximum value from their source-to-pay processes and deliver best-in-class performance for key business outcomes such as reduced total cost of ownership (TCO), higher savings on spend, optimized working capital and higher availability of materials and services.
Genpact employs its unique methodology of Smart Enterprise Processes (SEPSM) to implement best-in-class practices across sourcing and procurement organizations. This methodology is supported by Six Sigma based reengineering, domain expertise, superior solution design and execution.
Through SEPSM, Genpact drives best-in-class source-to-pay performance by:
- Identifying the key business outcomes for the company
- Mapping core source-to-pay processes at a granular level
- Linking source-to-pay business outcomes and benchmarks to key performance measures and drivers
- Identifying drivers of performance variability and providing a roadmap for improvement by leveraging insights and best practices
- Offering solutions including process, analytics, reengineering and focused IT
Service offerings—Indirect Goods and Services, Direct Materials:
- Sourcing and Category Management: Spend Analytics, Negotiation and Contracting, Sourcing Evaluation.
- Direct Materials: Make/Buy Decision Support.
- P2P Transaction Processing: Requisition to PO issue, Expediting, Ad Hoc Spot Buys, PO to Receipt to Invoice Reconciliation, and Accounts Payable.
Indirect Goods and Services, Direct Materials:
- Sourcing and Category Management: Spend Analytics, Negotiation and Contracting, Sourcing Evaluation.
- Direct Materials: Make/Buy Decision Support.
- P2P Transaction Processing: Requisition to PO issue, Expediting, Ad Hoc Spot Buys, PO to Receipt to Invoice Reconciliation, and Accounts Payable.
Reduced tail-end spend for a major global manufacturer: Addressed $9 million annual spend, improved contract compliance and delivered annual business impact of $1.3 million.
Reduced Requisition to PO cycle time for a major global energy equipment manufacturer: Reduced Requisition to PO cycle time by 60 percent and improved on-time delivery by 5 percent.