1. Digital Negotiation Factory
Problems Addressed:
- Real time tracking of all negotiations
- Availability of structured data in a single platform
- Enable negotiation decisions based on past data (historical vendor data) ,current data (clean sheet) and future data (forecast for materials)
- Supplier’s competitiveness will increase
- Error free and faster executions
- Maintain a digital repository of past negotiations
Impact
- Negotiations are now more objective backed by readily availability of data
- Digital visibility will prevent cartelization
- Help in achieving ~5% savings during negotiations
2. Catalogue Management System
Problems Addressed
- High transaction workload for category managers
- High PR — PO time for MRO Items with multiple interactions between users and category managers
- Competitive and Negotiated rate contracts availability through keyword search under ARC/Hosted Catalogue
- Increased visibility of procured material by providing pictorial representation of item selected
Impact
- Rate reduction by 10%-15% across MRO categories due to increased vendor competition (Punchout/Hosted catalogs); increased vendor sale efficiency (annual rate contracts)
- Base P2P system leveraged with E-Catalog integrated to minimize change management for users
- ARC coverage increased by 20%
3. Life Cycle Tracking System
Problems Addressed
- Visibility of combined data from multiple systems involved in entire process (8-9 systems across entire cycle)
- Frequent queries on status update by multiple stakeholders
- Correspondence with the person responsible for the present stage of request
Impact
- Improvement in payment cycle time by ~20% Smooth Delivery of Materials as per schedule during Covid -19
- Improvement in PR-PO cycle time by 20%
4. DigiWheels
Problems Addressed
- Uitilzation Tracking of the vehicles
- Ensuring optimal usage of vehicles
- Manual record-keeping necessary to track vehicle distances/usage for fuel reimbursements and other payments
Impact
- Reduction in size of fleet. Increase in utilization figures from (20-40%) to (75-90%)
- Real time monitoring of entire fleet to ensure 100% availability. ~25% savings on contracted vehicles
