WNS-Denali & CIPS Collaborate to Identify Attributes of High-Performance Procurement
April 01 2020 - 8:00AM
Business Wire
WNS-Denali, an established leader in global sourcing and
procurement solutions, has released a Benchmark Study on
procurement performance and team dynamics in partnership with the
Chartered Institute of Procurement & Supply (CIPS).
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the full release here:
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As a part of the study, 300 global firms across industries were
polled to better understand the drivers of top performance
procurement, and to identify common threads among high-performing
procurement organizations.
The study highlights “Total Business Alignment” as the one
indisputable indicator of procurement performance. High-performing
procurement organizations constantly seek to prioritize their
business needs and proactively address them to unlock optimal
business value. While 60% of high performing procurement
organizations have a clearly documented vision and value
proposition for procurement, nearly 80 percent of these firms
separate strategic roles from operational roles.
“We are delighted to have partnered with CIPS for this joint
research effort. I am confident that the findings will help
procurement organizations align tightly with business goals and
emerge as valuable partners in their corporate ecosystem,” said
Keshav R. Murugesh, Group CEO, WNS.
Digitization emerged as another key theme in the study. Not
surprisingly, 100% of high performers emphasized the importance of
adopting digital tools. However, 43% of those surveyed expected
more value from their digital investments indicating a dire need
for reviewing procurement plans and progress from a digitization
standpoint.
“This research study provides procurement practitioners with
data, trends and recommendations to help them outperform in an era
of rapid change and digitization,” said Alpar Kamber, Head of
Procurement Services, WNS. “The study also offers insights into key
business drivers across industries and specific corporate models
that can help procurement organizations measure up against
best-in-class industry benchmarks.”
“Every business is unique and therefore it’s no surprise that
there is no one-size-fits-all formula for success, but this report
will get companies thinking,” said Helen Alder, Head of Knowledge
and Product Development, CIPS. “Focusing on key strategic
objectives of the business and working out what procurement should
focus on to contribute to this success is key,” she added.
The full report is available for download here. To learn more
about how to help organizations prepare for the Future of
Procurement, explore WNS-Denali Insights.
About WNS-Denali:
Forward-thinking companies’ partner with WNS-Denali to overcome
their operating challenges and achieve better business outcomes. We
work alongside our Clients to co-create, implement, and execute
next-generation Procurement operating models tailored to their
specific needs and designed to increase the strategic impact of
Procurement for their business. WNS-Denali’s experts provide a
range of advisory and managed services, along with enabling
technology and support, to help our Clients build an integrated
Procurement Ecosystem that empowers them to outperform the market.
Contact WNS-Denali to learn how we help our Clients create greater
business value by operationalizing Procurement. For more
information, visit www.denaliusa.com.
About WNS WNS (Holdings)
Limited (NYSE: WNS) is a leading Business Process Management (BPM)
company. WNS combines deep industry knowledge with technology,
analytics and process expertise to co-create innovative, digitally
led transformational solutions with over 350 clients across various
industries. WNS delivers an entire spectrum of BPM solutions
including industry-specific offerings, customer interaction
services, finance and accounting, human resources, procurement, and
research and analytics to re-imagine the digital future of
businesses. As of December 31, 2019, WNS had 44,011 professionals
across 60 delivery centers worldwide including facilities in China,
Costa Rica, India, the Philippines, Poland, Romania, South Africa,
Spain, Sri Lanka, Turkey, the United Kingdom, and the United
States. For more information, visit www.wns.com.
About CIPS The Chartered
Institute of Procurement & Supply (CIPS) is the world's largest
procurement and supply professional organization. It is the
worldwide centre of excellence in procurement and supply management
issues. CIPS has a global membership of over 70,000 members in 150
different countries, including senior business people, high-ranking
civil servants and leading academics. www.cips.org; @CIPSnews
Safe Harbor Provision This
document includes information which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and
assumptions as to future events. Factors that could cause actual
results to differ materially from those expressed or implied are
discussed in our most recent Form 20-F and other filings with the
Securities and Exchange Commission. WNS undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200401005373/en/
Investors: David Mackey EVP
– Finance & Head of Investor Relations WNS (Holdings) Limited
+1 (201) 942-6261 david.mackey@wns.com Media: Archana Raghuram Global Head –
Marketing & Communications and Corporate Business Development
WNS (Holdings) Limited +91 (22) 4095 2397 archana.raghuram@wns.com
; pr@wns.com CONTACT – CIPS Media: Trudy Salandiak Public Relations
Manager T +44 (0)1780 761576 trudy.salandiak@cips.org
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