Research, Optimize, Assess
Today, the Procurement department is evaluated, usually, based on its strategic contribution to the overall business. Dataction team works closely with you to identify the objectives of your procurement team, conduct research and provide analytics services that help you take the first step towards harnessing the existing potential to optimize costs & expenses.
The following table highlights the time involvement by each team:
|Market & Supplier Research||80%||20%|
At Dataction, we save your time and the cost associated with it, by taking mundane yet critical tasks on board that require intense market research, gathering facts, comparison with the existing supplier contracts and compiling supplier score cards. Our inherent analytical approach makes us focus on the critical factors such as market characteristics, challenges, key cost drivers, risk & financial analysis. This information is captured in a Market Intelligence Matrix that equips you with Supplier Intelligence, Category Intelligence and Process Intelligence.
With Dataction’s Spend Analytics, you get a comprehensive micro-level view and accountability of every major or non-obvious, critical spending across the group companies. Our analysts work on the incumbent spend-aggregation platforms or adopt a platform agnostic approach to produce this multi-dimensional insight.
The end-to-end process includes Data aggregation from heterogeneous source systems, validation, normalization & cleansing, designing UNSPSC or custom-based classification methodology, defining data transformation rules as per the business & accounting process, including D & B codes, supplier family, etc., designing & populating opportunity assessment templates and generating pre-defined objective-based reports plus ad-hoc reporting support.
This can be a one-time or an ongoing engagement which also includes data credibility audits and improvement recommendations to get an executive support and buy-in.
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Dataction’s integrated approach ensures that the category planning strategy is aligned with the business objectives, so that it delivers the committed financial and other significant contributions. Our analysts work closely with the Category Managers, Budget holders and Key Stakeholders to get necessary inputs and prepare an integrated category plan.
One of our crucial tasks also includes preparing category profiles with multi-dimensional analyses such as Supplier Spend and Commodity Spend Analyses, Compliance Analysis, etc. We support the procurement team with Category Opportunity Analysis based on internal levers such as aggregation, improved compliance and improved process or external levers such as market trends & benchmarks, price fluctuations, availability of newer alternatives, etc.
Our team assists Category Managers with various analyses such as Porters 5 Forces Analysis, SWOT Analysis, Sourcing Lever Gemstone, etc. Further we also consult the team in qualifying and prioritising projects based on multiple factors such as financial impact, degree to buy-in from impacted business units, degree of management support and level of complexity.
IMMEDIATE TANGIBLE BENEFITS:
Clients can Save 30% and upwards, of their time and use it for core & strategic activities
Direct Cost-cutting of 20% and upwards in resource costs, due to the time saved in resource intensive activities
Our standardized templates help maintain consistent quality of the delivery for reports and Analysis outcomes.