A well drawn and proven Vendor’s registration portal that allows Vendors to interact with your Company all through System.

2. Source Contract Engage Manage Pay
Create
Requisition
Review Supplier
Response
Select Supplier
Create SOW
On-board
Contractors
Submit
Deliverables
Approve
Deliverables
Talent Pool
Applicant Dishonesty
Competitive
Rates
Cost Of
Keeping Up
Vendor
Incompetent
Lack Of
Speed
Background
Checks
• A well drawn and proven Vendor’s registration portal that allows
Vendors to interact with your Company all through System.
• Suppliers consolidation on periodic bases should be done based on
true numbers and not just recommendations.
• Central visibility into Vendor’s hiring process, submissions and SLA’s.
• Competitive environment amongst Vendors for competitive pricing.
• To create an internal database of profiles that can be accessed by
Stake-holders. Very limited repeated dependency on Vendors.
• Fragmented, redundant supply base that causes issues in Business &
inter-alia attracts Your Company to hire at higher than actual rates.
• Enforce use of preferred providers and pricing. A set rate card can be
uploaded for validation purposes.
• Unique and dynamic end user Needs. So, is your existing system
flexible to meet demands of ever chaging operational paradigm?
Challenges of the Vendor Management
Problem & Solution on this Slide- Explained.

6. Levers Description Est. Savings
Rate Rationalisation  Contracted rates for each assignment Role
 Enforce Rate Cards 3-6%
Competitive Bidding  Competitively bidding transactional engagements among preferred suppliers
3-5%
Supplier rationalisation  Rationalise number of suppliers based on performance 1-3%
Service type classification  Decision matrix to correctly classify spend 2-4%
Discounts  Volume discounts
 Early payment discounts 2-4%
Spend Visibility  Cost controls through financial authority based approval cycles
 Compliance to spend policy
 Spend trends and anomalies
1-2%
Payment Process efficiencies  Payment cycle time efficiency
 Accruals management / cash flow control
 Reduction in manual processing
1-3%
Program office efficiencies  Reduction in operational efforts
 Improved compliance to policy
 Effectively drive change management
Higher efficiency; difficult
to measure hard savings.
Opportunity for 7%-12% Cost Savings