Keeping costs low through category and demand management, process improvement and supply chain optimization – these have always been a procurement mandate. But today, the function’s scope has expanded to include new deliverables – enhance the revenue side of the P&L, leverage the supply market to help drive product (or service) range enhancement, open new channels to market, and more. While trying to accommodate and deliver on the new demands, a new paradigm is emerging – one that covers the entire procurement function from strategy to transactional buying and all the enabling activities. For this, a skilled procurement team is essential – a requirement that enterprises are grappling with today. To fill the gaps, augment and complement in-house strengths, enterprises are exploring specialist providers that bring specialized skills to the table. As enterprises look to leverage specialist providers, here are 6 ways to drive benefits with approaches that range from analytics-based to value-focused.

1. THE SOURCING AND PROCUREMENT (S&P) SERIES
6 ways to drive procurement
@Infosys_bpo #Procurement
eectiveness

2. THE SOURCING AND PROCUREMENT (SP) SERIES
6 ways to drive procurement eectiveness
The mandate for most chief procurement ocers (CPOs) today is
to deliver and sustain value year-on-year – with limited
resources and budgets. That’s why they need a skilled business
process outsourcing (BPO) partner to make their procurement
operations more eective. Here are 6 ways to drive benets with
approaches that range from analytics-based to value-focused.
@Infosys_bpo #Procurement

3. 1
THE SOURCING AND PROCUREMENT (SP) SERIES
6 ways to drive procurement eectiveness
This starts with
achieving
function-wide clarity
@Infosys_bpo #Procurement
on roles across
spend categories,
functional
dependencies with
nance teams, and
value delivery
targets by category
portfolios
2
Execute a capability
benchmarking
assessment to
identify functional
performance gaps
and a value
assessment across
the full external
spend base to
maximize
value delivery
GET THE RIGHT
OPERATING MODEL BENCHMARK TARGETS

4. 3
THE SOURCING AND PROCUREMENT (SP) SERIES
6 ways to drive procurement eectiveness
Find a BPO partner
with a good mix of
seasoned
procurement
professionals that
not only augment
the internal teams,
but also bring to the
table, deep category
@Infosys_bpo #Procurement
expertise and
procurement
consulting
4
Formalize structured
processes that bring
focus to areas like
supplier panel
management
services, contract to
purchase, and
catalogue
management
BOLSTER STRATEGIC
CAPABILITIES
DERIVE VALUE FROM
TACTICAL ACTIVITIES

5. 5
THE SOURCING AND PROCUREMENT (SP) SERIES
6 ways to drive procurement eectiveness
Get a dedicated
team to monitor
operational
procurement
processes such as
master data
management,
invoice validation,
and accounts
payable processes
@Infosys_bpo #Procurement
6
Leverage high
calibre specialist
analytics resources
who can provide
category-specic
dashboards, ad hoc
analytics support,
spend cube
analytics, and
benets tracking
ENSURE COMPLIANCE ROBUST ANALYTICS
AND REPORTING

6. THE SOURCING AND PROCUREMENT (SP) SERIES
6 ways to drive procurement eectiveness
@Infosys_bpo #Procurement
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