Sourcing and Category Management

Optimize spend and boost profitability with strategic sourcing and category management

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Dropbox cuts its procurement cycle by 50% and counting with Genpact and Ser.viceNow. Read the case study

Drive out procurement and sourcing inefficiencies and instill value and savings

Many insurance companies lose money because they fail to identify or calculate viable reinsurance claims. Reinsurance is a complicated business, and clawing back claims can be convoluted. Genpact's ReFinder does the heavy lifting for insurers, unlocking value in the data and returning money to clients to invest or boost their bottom line.

Full and up-to-date spend transparency to increase the use of preferred suppliers and improve supplier negotiations.

A global food and beverage brand saw

98%

spend visibility with standardized processes and optimized technology

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

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.

Real value for our clients

Explore how our procurement services transform profitability, increase spend under management, and lower operating costs.

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