Wipro

Speed planning – Procurement Planning

Partner type

Global

Function

Finance

Industry

Business Services, Consumer Products, Energy & Resources, Government & Education, Insurance, Life Sciences & Healthcare, Manufacturing, Retail

Region

Global

Risk, financial, and procurement planning with advanced analytics

A Connected Planning solution that provides a 360-degree view of the contract, procurement, risk, and finance planning with easy-to-use interface for “what-if” analysis/simulations and hierarchy management. There’s an ntuitive GUI for the CPO to view executive summaries on the KPIs related to procurement along with the impact on the cash flow planning in terms of payables and receivables.

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What problem are we solving?

Challenges

  • Non availability of single view of PO vs. Non-PO Spend
  • Manual maintenance of Contracts & SOWs
  • Detailed Supplier Analysis for Vendor consolidation
  • Real time impact on Cash flow
  • Spend Analysis by category, region, status etc.

Outcomes

  • Concise view of the PO vs. non-PO spend
  • Total spend management
  • Visibility on contract management (risks & opportunities)
  • Real time impact on cash flows
  • Forecast vs. actual spend
  • “What-if” Modeling for Procurement ROI

Solution features

Connected Planning in Procurement to achieve Cost Savings & Improved Cash Flows

  • All-in-one view executive summary
  • PO vs. non-PO expenses
  • Contract risk registers
  • Contract rating heat map
  • PO cash flows (forecasted vs. invoiced)
  • Impact on cash flows
  • Real time supplier, contract, and PO management
  • Current forecast spend on contracts
  • Contract specific Metrics
  • Underrun/overruns capture
  • Cost avoidance, cost savings, procurement ROI
Wipro chart showing rate of compliance
Wipro app's chart shows spending by region procurement
Wipro chart showing total spend by category, procurement