Digital Procurement Competency Practice

The new connected world, offering innovative and customer-centric services and solutions integrating Collaborative Commerce technology with businesses, thereby enabling Enterprises, Buyers, Suppliers and the Trading Ecosystem to Rise.

Connected: Connecting Buyers, Suppliers, Market makers, third party service providers, Society, through Collaborative Network, socio-mobility, tech-collaborations

World: The global ecosystem of interdependent economies, the industries we transform, the people we touch

Solutions: Answering today’s issues, anticipating tomorrow’s needs, with future ready Cloud platform, Process expertise and Technovations (Advanced and Predictive Analytics, Cognitive Automation and Orchestration, Enterprise Mobility, e-Learning, and Self Servicing Supplier Collaboration Platforms)

Tech Mahindra, a key player and Credible partner in Digital Procurement Solutions offers a One Stop Shop with

• 500+ Spend Management Consultants
• 3000 Persons Years of Procurement Experience
• 10 Plus partnerships with Leaders and Niche Players. Co Innovation Partners

Overview

Companies of all sizes, across industries and geographies have tools in place that give them greater visibility into and more control over spend; allowing them to more effectively manage their contracts, suppliers and risk; while streamlining and enhancing invoicing and payment processes. Yet many struggle to connect and do business with key trading partners/ suppliers. Inter-enterprise commerce is still very difficult because it is largely driven by closed systems and processes.

Tech Mahindra has developed its Digital Procurement Solutions. The solutions constitute of Cloud based Spend Management Software and Tech Mahindra’s Business Process, Technology consulting and Procurement Operations Management capabilities and Technovations (Digital and Disruptive Technologies), all being orchestrated as a single entity to provide one stop shop Source-2-pay solution.

Highlights

• Resource Power House: 500+ Spend Management Consultants; 3500 Persons Years of Procurement Experience
• Demonstrable Experience:
  • Procurement practitioner managing USD $ 5 Bn Per annum
  • Sourcing from best cost countries -Total USD $3 Bn buy with 8-15% saving
  • Transformed more than 150 procurement organizations
  • Delivering across 12 verticals, across 5 countries
  • 150 + Indirect and Services Categories Supply Market Intelligence
  • Reduce Costs by 14% and Improve Lead times by 70%
• Technology Collaboration: Elite Partner for Leading Spend Management Solutions
• Digital Solutions: Pioneer in delivering Cloud, Mobility, Analytics as a Service, Robotic Process Automation Solutions
• Tech Mahindra mapped as Key Player and Credible Partner in Procurement BPaaS by Gartner, Everest, Ovum

Who we serve

We cater procurement solutions across verticals but not limited to Healthcare & Lifesciences, Telecom, Manufacturing, CPG, Chemicals, Banking and Financial Services, Oil & Gas, Energy & Utilities, Infrastructure.

Service offerings

We offer:

• Cloud based procurement as a service
• Dynamic Supplier Collaboration Tools and Management
• Smart Automation and Orchestration Solutions for Procure to Pay Operations Management
• Intelligent and Advanced Analytics and Real time Visibility
• Enterprise Contract Administration and Management
• Enterprise mobility Solutions
• Category Playbooks across many Indirect and Direct Spend Categories
• Strategic Sourcing and Category Management
• Low cost country sourcing
• Technology Services
  • Cloud Migration and Hybrid Integrations
  • Configuration and help desk support
  • Mobility Integration

Sample Solutions

The world has gone digital. This has changed every aspect of our lives. In Procurement, where standardization and automation are a key focus, shared services organizations have transformed our professional lives, resulting in better productivity, service quality and customer satisfaction. This changes everything. Procurement, IT, finance are experiencing a fundamental shift--from being enforcers to being enablers of the business. These functions no longer deploy “sticks” – they now help businesses and business units meet their goals.

To effectively operate and excel in this digital marketplace, and make sure you don’t get left behind, business strategies need to focus on three key areas:

• Open ecosystems to provide an instantaneous connection and transparency wherever you are, so you and your global network of business partners, both inside and outside of your organization, can easily collaborate and interact.
• Simple access for all business users any place, any time has become the expectation. And to keep users engaged, the experience needs to be seamless and easy.
• Data and insights to make smart decisions about risk in your supply chain, opportunities and savings across business units, and the most effective ways to operationalize and continuously improve your strategies.

We at Tech Mahindra focus on Connected Procurement Solutions connecting technology, businesses and customers through innovative platforms. Following are some of the new age digital solutions which Tech Mahindra has developed.