Minacs spend smart
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Minacs Spend Smart is an innovative spend management methodology that combines procurement fundamentals with modern techniques to strategically move legacy in-house buying activities to leveraging external capabilities. It provides a seamless set of outsourced procurement services including sourcing and category management, sourcing support, and purchasing operations. Minacs claims it can achieve significant negotiated savings and benefits for clients through its global skills, comprehensive solutions, and focus on capturing sustained value.
Minacs spend smart
- 1. Minacs Spend Smart An Innova ve Approach to Spend Op miza on The challenging economic climate coupled with intense compe on has showcase Procurement Services • Minacs Spend Smart • Spend Management KEY RESULTS created pressure on corporate balance sheets. Major demonstrated benefits to some of our clients include: Given the uncertain mes, it is certain that for the first me in modern Over 70% increase in spend under corporate history the CPO’s agenda is in sync with that of the CEO - save management money. As pressure con nues to mount, procurement spending is being Enablement of granular mul - subjected to detailed scru ny. Innova ve CPOs are constantly focusing dimensional line item level spend visibility on lean and intelligent spend transforma on mechanisms. The decisions Over 40% increase in addressable they make today will have a bearing on their opera ons in one or two spend visibility years when the economy rebounds. Over 12% reduc on in addressable spend Minacs Spend Smart is an innova ve, mul -faceted methodology Over 30% reduc on in maverick applied to spend management. We combine procurement fundamentals spending and financial prac ces with modern techniques and global business Over 7% reduc on in working capital sense. Spend Smart represents the next phase in the evolu on of the requirements procurement func on by strategically moving legacy in-house buying and Over 50% reduc on in procure to pay sourcing ac vi es that have served global corpora ons for many decades (P2P) enterprise service costs led by to leveraging external capabili es that complement and enhance internal process harmoniza on, technology procurement func ons. and outsourcing. Sourcing & Supplier Supplier Category Category Demand Contract Category Outreach & Sourcing Performance Assessment Op miza on Management Management Management Prequalifica on Management Category Management Market Research eSourcing & Spot Sourcing Spend Analysis Contract Make or Buy Sourcing Support & Benchmarking & Supplier Auc ons & Tac cal Decision Support Administra on Financial Management Buying Analysis Invoice Supplier Adop on Requisi on PO/ Release Material Receipt & Purchasing & Content Review & Management & Tracking & Returns Processing Opera ons & Dispute Management Processing Fulfillment Expedi ng Management Management Source to Pay Systems Support & Helpdesk Management Managed Master Data Warranty & Telecom Con ngent Tail End Spend Fleet Spend Procurement Management Procurement Spend Labor Spend Management Management (MDM) Integra on Management Management Solu ons Minacs Spend Smart Solu on www.minacs.adityabirla.com
- 2. showcase SPEND SMART MODULAR SERVICES CONTINUUM Minacs Spend Smart is a seamless set of outsourced procurement services that includes: Sourcing and Category Management: The Spend Smart value proposi on includes For a large, mul - strategic contrac ng, where Minacs category experts develop a detailed knowledge base of the market and the category being sourced, and use this knowledge to business, global Group, develop op mal sourcing solu ons. Our category management exper se focuses we have achieved $10 on managing contracts to ensure that nego ated contracted benefits are realized billion in nego ated and to drive con nuous improvement in benefits year on year. We employ our savings on $76 billion market intelligence and category knowledge across 450 direct/indirect categories to build-up new or improve exis ng supplier networks. We evaluate alternate spend over 7 years. suppliers worldwide, ensure quality standards, manage logis cs, drive innova on and strive for excellence in collabora on with our global partners. Sourcing Support: Procurement and supply chain departments are increasingly looking for ways to infuse velocity, sustainability, procedural compliance, and specialized capabili es into business. To meet these needs, we have created an extended strategic sourcing organiza on to support our global clients enabling your sourcing and category managers to focus on core strategic ac vi es. Our solu ons are uniquely posi oned to service direct and indirect categories. Purchasing Opera ons: Our domain innova on specialists, technology, and Six Sigma experts leverage lean concepts and collaborate with your business excellence council to create sustainable transforma ons. With our change management capabili es, you can entrust us with program acceptance and success measurement. Our “right-shore” model takes process maturity into account. WHY MINACS Capabili es: World-class global skills ecosystem and thought leadership Solu ons: Comprehensive solu ons to deliver high value with robust financial controls and innova on Financials: Compe ve fee structure, significant financial savings and benefits based on stable, long- term rela onships Value: Effec ve change and knowledge management to capture and sustain value. Production of Aditya Birla Minacs Marketing and Communications Write to info@minacs.adityabirla.com for more informa on or to meet with a Minacs representa ve. ABOUT ADITYA BIRLA MINACS Aditya Birla Minacs is a leading business solu ons company that partners with global corpora ons in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare and public sectors. We leverage years of process, domain and technology exper se to deliver superior business value to clients with our seamless Customer Lifecycle, Marke ng, Finance and Accoun ng, Procurement and IT solu ons and services. 17,800 Minacs experts across 3 con nents and 34 centers spanning Canada, Germany, Hungary, India, Jamaica, Philippines, the UK and USA power our solu ons through a global delivery model that helps our clients enhance revenues, profitability and customer service. Please visit www.minacs.adityabirla.com for more informa on. © January 2011 Aditya Birla Minacs Worldwide Limited. All rights reserved. Minacs believes the informa on in this publica on is accurate as of its publica on date; such informa on is subject to change without no ce. Minacs acknowledges the proprietary rights of the respec ve trademarks and product names of other companies. Data contained in this document serves informa on purposes only.