Infosys Portland’s Post

Join our discussion on what the new best practice in #digitalprocurement looks like, at the Innovation Park - Insights Stage A at 1.15pm today! #ISMworld2024

Unlocking Value: Navigating Supply Chain Resilience in 2024. Learn how Infosys Portland is addressing global uncertainties, diversifying supply bases, and fostering risk-literate maturity in procurement functions to create an impact.

Supply chain resilience became a hot topic back during the pandemic but it’s still a key trend in 2024. Check out our latest series where we share some of our key trends #trending

Infosys Portland understands the importance of what to focus on today to create strong #procurement and #supplychain functions for the future. Over the next few weeks will be sharing what is #trending in 2024 and what you need to focus on to unlock value.   Trending in 2024: Supply chain resilience The pandemic exposed the vulnerabilities of global supply chains, shifting organization’s focus from cost savings to strategic importance. Companies are now diversifying their supply base, optimising inventory buffers, and improving visibility. The global landscape is rife with uncertainty, fueled by ongoing geopolitical issues, fluctuating economies, and the lingering effects of COVID. Elections occurring in a record number of countries in 2024 could lead to policy and regulatory changes, adding to this uncertainty. The strategic response... Procurement functions need to anticipate challenges proactively and facilitate informed decision-making. This requires a broader perspective and a more holistic approach to supply chain management, marking a significant paradigm shift for established procurement functions. Further, procurement teams need a level of “risk literate” maturity, capable of quickly identifying, evaluating, and responding to rapidly changing situations. Building into the procurement team, the capabilities and culture around agility and foresight are key to successfully managing these uncertainties.

We’re seeing ‘risk literacy’ increasing within Procurment and Supply functions as well as within the C-Suite, but in Australia it’s not developing nearly fast enough. Due to our geography and geopolitical exposure, Australian businesses are exposed to significantly higher risk than their European or US counterparts, and yet we see slower adoption of supply resilience as a business objective.

CPG companies should zero in on a methodology for permanent cost reduction which can improve incrementally in the long term, to sustain themselves during unstable economic conditions. Creating a cost takeout strategy will help them stabilize their business performance regardless of market conditions. What are other reasons they need strategic cost takeout? Read here: http://infy.com/3pzYV81 Infosys Knowledge Institute Infosys Consumer, Retail & Logistics   #costtakeout #costreductionframework #costmanagement #costsaving #costtransformation

Private equity firms are increasingly recognizing the importance of efficient sourcing and procurement practices as a way to significantly boost value creation across their portfolios and drive EBITDA.   This approach focuses on optimizing spend throughout a deal's lifecycle, starting with due diligence and examining operational costs. Deep analysis of data and supplier agreements helps identify potential savings opportunities and helps realize attainable synergies using volume and scope leverage, vendor consolidation and supply chain efficiencies.   Through Infosys Portland Andrew Jarvis Anthony Cappelleri Jeremy Began Bernie Donachie, we have been working with Private Equity Operating teams across the deal lifecycle to create actionable strategy in the pre-deal phase, direct negotiations, implement agile sourcing, technology setup and designing the procurement operating model in the transaction phase and benefits tracking, complex technology transformation, category optimization and TSA closure in the post deal phase. Project and change management run like clockwork across the lifecycle phases as well.   We’ve seen great value with ~15% savings in supplier spend, an average of 12x ROI and 40-50% process cost reduction. Soft benefits like stronger supplier relationships, improved customer service and reduced risk are delivered in parallel.   #infosysportland #businessoptimization #efficiency #costreduction

Webinar Replay: #CPO Insights on #Procurement Value Orchestration #Deloitte recently surveyed 350 senior #procurementleaders from over 40 countries to uncover the key attributes and capabilities possessed by the most successful #procurement organizations in the world. These "Orchestrators of Value" are primed to meet the ever-expanding demands of the business landscape. In a #webinar hosted by #ArtofProcurement and featuring #speakers from Deloitte and Ivalua, these experts highlighted key insights from this study, including: - Strategic operating model decisions that balance the need to centralize capabilities while decentralizing workload. - Why talent acquisition and retention are even more urgent than digital fragmentation. - Procurement’s involvement in an enterprise-wide digital strategy. To view the #replay, please fill out the form. #Ivalua #deloitte #webinareplay #Artofprocurement

See comments for the survey link and details. The #procurement landscape is rapidly evolving. Procurement leaders have been actively adapting, using new tools and techniques to achieve increasing value. Infosys Portland helps procurement professionals deliver more value across more areas than ever before. As part of our NextGen Procurement thought leadership in procurement value, we are kicking off our annual survey around the value procurement delivers, including types of levers, various challenges, and customer expectations. The survey will be geared towards capturing the views of both procurement professionals and stakeholders linked to procurement. 

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