- Report
Everest Group names Genpact a leader in procurement
Report recognizes Genpact's consulting and digital capabilities to provide end-to-end procurement services and enable digital transformation for clients
Leading research firm Everest Group has named Genpact a Leader in its PEAK Matrix® for Procurement Outsourcing Service Provider 2022 report.
Measured against vision, capabilities, and market impact, the report cites Genpact's:
- Strategic sourcing and category management capabilities
- Flexible center of excellence-led operating model
- Integrated supplier risk management and analytics solutions
- Best-of-breed procurement technology solutions
- Strong global presence
- ESG and risk management offerings
Genpact drives transformation for clients' procurement functions through its operational consulting capability, deep domain expertise, and comprehensive digital solutions, which strengthened its position as a Leader,
It offers a strong ecosystem of best-of-breed procurement technology solutions, comprising targeted acquisitions and third-party partnerships to enhance user experience and improve digital transformation and talent management capabilities along with its in-house solutions, such as UXnxt – an AI/ML-based tool to evaluate user experience - cognitive buying assistant, analytics solutions, and Genome – its training and development platform. It has further augmented its source-to-contract capabilities and developed offerings covering emerging themes such as ESG and risk management.
As organizations respond to volatile global markets, strategic procurement solutions are imperative to effectively manage costs in an inflationary environment, increase business resilience, and optimize overall value from supplier relationships. With the depth and breadth of our procurement services, we are proud that Everest Group recognizes our talent upskilling initiatives that help us continuously evolve and enhance these offerings for our clients worldwide.
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