Infosys Portland’s Post

Very excited for Infosys Portland and to be joining Vernon Kringas in sponsoring and presenting at Institute for Supply Management in Las Vegas next week. For years, #sourcing and #procurement functions have been challenged with business stakeholder adoption and intake, yet little has changed. Please join me at ISM to hear Infosys Portland differentiated views on the topic in creating a personalized experience for stakeholders and leveraging technology to solve this business challenge. If you are not at ISM and would like to connect directly, please reach out. #strategicsourcingandprocurement #procurementexecutivesbestinclass

Understanding how IT modernization fits into your mission is an important part of unlocking the true potential of supply chain management. Deloitte understands how to streamline enterprise IT systems by using commercial best practices for federal, local, and state governments. Find out more about Deloitte's solutions and alliances to help you illuminate supply networks and addresses challenges and opportunities. https://lnkd.in/grNYhpuX #supplychainmodernization #governmentresilience #supplychainoptimization #digitalsupplynetworks #controltower #JTMS #USTRANSCOM #ITArchitecture   Best, Steve

Understanding how IT modernization fits into your mission is an important part of unlocking the true potential of supply chain management. Deloitte understands how to streamline enterprise IT systems by using commercial best practices for federal, local, and state governments. Find out more about Deloitte's solutions and alliances to help you illuminate supply networks and addresses challenges and opportunities. https://lnkd.in/gMZ9YS_k #supplychainmodernization #governmentresilience #supplychainoptimization #digitalsupplynetworks #controltower #JTMS #USTRANSCOM #ITArchitecture

Understanding how IT modernization fits into your mission is an important part of unlocking the true potential of supply chain management. Deloitte understands how to streamline enterprise IT systems by using commercial best practices for federal, local, and state governments. Find out more about Deloitte's solutions and alliances to help you illuminate supply networks and addresses challenges and opportunities. https://lnkd.in/gbtQjD-Z #supplychainmodernization #governmentresilience #supplychainoptimization #digitalsupplynetworks #controltower #JTMS #USTRANSCOM #ITArchitecture

Understanding how IT modernization fits into your mission is an important part of unlocking the true potential of supply chain management. Deloitte understands how to streamline enterprise IT systems by using commercial best practices for federal, local, and state governments. Find out more about Deloitte's solutions and alliances to help you illuminate supply networks and addresses challenges and opportunities. https://lnkd.in/gRNuBQZF #supplychainmodernization #governmentresilience #supplychainoptimization #digitalsupplynetworks #controltower #JTMS #USTRANSCOM #ITArchitecture

Transformation doesn’t need to be scary if you take an ‘adaptive’ approach to it. We think transformation needs to be a single linear journey, but actually should be more fluid with the ability to pivot as the world changes around you. Check out our latest blog on adaptive transformations. #nextgenprocurement

Understanding how IT modernization fits into your mission is an important part of unlocking the true potential of supply chain management. Deloitte understands how to streamline enterprise IT systems by using commercial best practices for federal, local, and state governments. Find out more about Deloitte's solutions and alliances to help you illuminate supply networks and addresses challenges and opportunities. https://lnkd.in/eBiVDP-2 #supplychainmodernization #governmentresilience #supplychainoptimization #digitalsupplynetworks #controltower #JTMS #USTRANSCOM #ITArchitecture

Western Digital optimizes procurement costs with the cloud Supply chain organizations often focus on improving processes to reducing manufacturing costs, but tend to overlook procurement costs. This is a missed opportunity, as procurement costs can account for up to 70% of a company's total expenses. There are significant opportunities to optimize procurement costs through strategies like supplier consolidation, contract negotiation, improving processes, and technology improvements. Supplier consolidation: Reducing the number of suppliers a company deals with gives the company more leverage to negotiate better contracts with remaining suppliers. Contract negotiation: Strategies like bundled contracting, gain-sharing, and improving payment terms can help companies negotiate better contracts with suppliers. Improving processes: Standardizing specifications, rationalizing demand, and improving supplier management can all help companies reduce procurement costs. Technology improvements: E-procurement tools, maverick spend analysis, and spend analytics can help companies reduce cycle times, identify off-contract spending, and further optimize costs. Western Digital is a prime example of a company that has successfully optimized procurement costs with the cloud. By using a cloud-based procurement platform, Western Digital has been able to reduce its procurement costs by 10%. This MIT Technology Review paper, outlines a strategic approach to optimizing procurement costs by fully utilizing the strategies mentioned above. Substantial cost savings are achievable through a comprehensive optimization program. #procurement #costoptimization #cloud #westerndigital #supplychain Infosys, Infosys Cobalt Arijit Pramanik, Ed Panpongpanit, Nilesh Kalbande What are your thoughts on the importance of optimizing procurement costs? Share your insights in the comments below!

Procurement cost optimization is critical for businesses, as it can account for up to 70% of total expenses. Shared strategies in supply chain and logistics can be a game-changer, as these functions create the value chain that brings laurels to the business. Let's optimize our procurement costs together and bring more value to our organizations! #procurement #supplychain #logistics #optimization

Read Blog > https://lnkd.in/g5PCihBc “The adaptive approach seeks to ensure that instead of designing a fundamentally different model and embarking on a tortuous journey to get there, smaller, simpler and more flexible changes are adopted. They ensure you’re almost always in the right place, and you are never heading in the wrong direction. It applies extremely well to people and organisation structures within procurement.” In our second NextGen #procurement blog on being an adaptive procurement organisation, Infosys Portland Director John Hatton, FCIPS discusses this approach for achieving transformative change. It is gradual, it constantly seeks validation from the environment and it pivots at the right moment to reach the right destination.