Drive out procurement and sourcing inefficiencies and instill value and savings
In the face of continuing economic challenges, many companies are taking a more strategic approach to sourcing and category management to free up cash flow and maximize budgets. Genpact's comprehensive category management and strategic sourcing services help companies improve profitability, increase spend under management, and reduce operating costs.
Strengthen supplier relationships, optimize inventory, and boost speed to market while maintaining reliable material supply.
A global energy company achieved a
10%
reduction in procurement lead time with enhanced technology
Cut procurement costs with enhanced supplier negotiations, volume discounts, and optimized processes.
A manufacturer gained annual savings of up to
$300mn
in direct material costs through strategic sourcing
Allocate resources more effectively so the right people are working on the right level of tasks.
A holistic approach to spend management
Our category management and sourcing services span:
- Category planning to identify savings projects
- Strategic sourcing aligned with business goals
- Spend compliance management to use preferred suppliers for optimal savings
- Supplier performance management to minimize risk
- Contract management to centralize oversight of contracts and metrics
- Continuous improvement through supplier collaboration to identify cost-saving opportunities
Tighter compliance and year-on-year cost savings
We partnered with a multinational conglomerate to manage end-to-end procurement, from category management and strategic sourcing to tactical operations. We consolidated the supply base, leveraged global spend, and implemented spend compliance controls, reducing operating costs. With full ownership of eight indirect categories across eight business units in 130 countries, we handled tactical activities and achieved significant savings, exceeding targets.
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