Dataction Analytics is focused on providing Procurement Analytics and Support services to supplement client’s internal Procurement Team with world-class research, analytics, execution and operational capabilities, so that our client’s Procurement Team can focus on negotiating better deals and managing key stakeholder and supplier relationships.
We configure each engagement to best fit the specific requirement of our client’s Procurement function. Our engagement model is highly flexible, which allows our clients to leverage different procurement skills without having to hire a full-time resource for each skill. Our clients have achieved an excellent Return On Investment due to this flexibility.
Some of the common benefits that clients can expect by engaging Dataction include:
Saving of 30% and upwards of their buyer’s time which can be used for strategic activities
Direct cost-cutting of 20% and upwards in resource costs, due to the time saved in resource intensive activities
Standardized templates and execution approach helps maintain consistent quality of delivery
At Dataction, we firmly believe that your existing Procurement Team is best positioned to deliver business objectives given their deep insights about your company and its vendor ecosystem. Dataction’s engagement model is therefore based on complementing your current team with our analysts who can lead or support various activities ranging from routine, tactical to highly complex and strategic activities. The distribution of activities is mutually agreed between the Buyer and the Analyst given that each category or project will be different and as such will need a bespoke engagement model.
Dataction views Procurement as one of the key influencers to the bottom-line and it is our mission to empower your Procurement Team with a support framework that helps maximise procurement impact.
Products and Services
We are there where it matters the most – with a proven expertise in supporting the Procurement function of multinational companies, Dataction has empowered the Procurement Teams to create direct impact on the business performance. The Dataction circle of influence covers the following services which can be customised as per engagement model:
Plan & Strategize:
Dataction equips the Client’s Procurement Team with comprehensive view of major as well as non-obvious critical spending across the company. This is integrated with the market insights to identify opportunities. Dataction’s analysts also support the Procurement Team to qualify these opportunities based on a unique framework that considers multiple factors such as financial impact, delivery complexity and organizational & contractual constraints. These inputs are considered together with the business objectives to create pragmatic and insightful category plans.
Services under this umbrella are: Spend Analytics, Market Research and Category Planning.
Source & Contract:
Dataction takes end-to-end ownership of the sourcing process including creation of tender documents, setup and administration of the e-Sourcing events, creation of response & price comparison reports and other value-added services that provide fact-based insights such as Make v/s Buy, Cost Modelling, Total Cost of Ownership analysis and scenario analysis.
Dataction can seamlessly upgrade your offline sourcing process to an efficient online system that significantly brings down the cycle times. It also enhances the accuracy, speed of execution and relevance of information at all levels of sourcing and contracting. Dataction team has thorough expertise on leading e-Sourcing platforms such as Ariba and SAP.
Dataction can support the one-off activity to migrate the offline contracts to the Contract Lifecycle Management system to operationally manage these contracts on an ongoing basis through a robust controls-and-checks framework.
Services under this umbrella are: RFx & Auction administration, Contracting support and Sourcing support.
Control, Track & Monitor:
It is easier to get absorbed in the glory of successful negotiations; however, it is important not to lose track of the long-term effects of these negotiations and to ensure that they are indeed delivering benefits of the desired magnitude. Dataction provides various views and reports of the contracts, costs and savings so that the procurement team is always in control of these benefits.
Services under this umbrella are: Contract management, Compliance tracking and Benefits reporting.
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Sponsor Type: Silver
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