Infosys BPO restructures its procurement business

SOURCE: Business Standard
DATE: August 21st, 2008

Mohit Soapbox:
Offering transformation services and end to end serivce rather than piecemealing consulting, IT, BPO services is the right approach to go to clients. Accenture, IBM and other entities have been doing this for a while.

ARTICLE
Infosys BPO, a subsidiary of Infosys Technologies, today announced restructuring of its procurement business, to leverage growing business opportunities in the market.

According to a release here, the company had reorganised its procurement business to provide end-to-end solutions across the entire ”Source-to-Pay’ cycle to address the changes in the global sourcing and procurement industry and differentiate itself vis–vis competition.  The restructuring, came to force from August one, would help the company enhance its portfolio of offerings and would emphasise its transformational capabilities. The restructuring would also help broaden the company’s service offerings and customer base.  The services under the new practice would include e-procurement Supplier Management, Contract Management, Strategic Sourcing Spend Management.  

Commenting on the advantages of restructuring, Ravi Panchanadan, Head, S and P, Infosys BPO said ”in keeping with the company’s objectives of building a global workforce that would suit the change, Infosys BPO had also launched a ‘Sourcing and Procurement Academy’ to train the employees on the latest global practices and requirements to service clients under the new offerings.”

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