Spot-on savings: MindTree unveils spend analysis for manufacturing

Extracting the required intelligence out of spend data not only directly contributes to cost savings, but also provides significant inputs for budgeting, planning, and product strategies. MindTree says its new Spend Analysis solution enables strategic sourcing and better analysis of spend information to help organizations save on sourcing costs.<br/>


With sourcing accounting for up to 75 percent of the total cost base of typical manufacturing organizations, extracting the required intelligence out of spend data not only directly contributes to cost savings, but also provides significant inputs for budgeting, planning and product strategies. MindTree , a global IT and R&D services company, says its recently launched Spend Analysis Solution is aimed at helping organizations create global visibility into their spending patterns and save costs by making better, more informed sourcing decisions.

The solution is based on MindTree’s Re-Usable Business Intelligence Components (RUBIC) framework, which is a result of MindTree’s rich experience in building business intelligence solutions for the world’s leading manufacturers. The framework consists of three layers:

• Data integration layer, to support consolidation of data from multiple transaction systems;

• Intelligence layer, which contains spend related business metrics; and

• Presentation layer, to enable intuitive and user-friendly dashboards for information delivery.

“With this solution, we hope to help our customers save costs via spend volume aggregation, supplier rationalization, improved contract compliance and‘requisition to pay’ process improvements,” says Vikram Amaranath, VP of Manufacturing Industry Group, MindTree. “We believe our solution is well placed to help companies deal with the issue of controlling costs, which has become a strategic priority in the current economic environment.”

The manufacturing group offers consulting and IT services to automotive, discrete manufacturing, consumer products and process industries. Services include application development, package implementation, application maintenance and support, testing services and infrastructure management. The Group also offers solution frameworks aimed at addressing specific industry needs such as in trade promotion management, dealer management, warranty management, and manufacturing execution.

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security