Everest Group names TCS as leader in its Procurement Outsourcing Services

Cited as key strengths were TCS’ holistic portfolio of service offerings and capabilities across the procurement value chain and its expansive industry and geography coverage.

Sep 28, 2021 11:09 IST India Infoline News Service

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Tata Consultancy Services (TCS)  has been named a Leader in Everest Group’s PEAK Matri Assessment for Procurement Outsourcing Services. Cited as key strengths were TCS’ holistic portfolio of service offerings and capabilities across the procurement value chain and its expansive industry and geography coverage.

The report highlights how TCS Cognix for Procurement, an AI-driven human-machine collaboration suite, accelerates digital transformation for clients using an ecosystem of pre-built solutions. TCS’ robust digital ecosystem, partnerships with leading procurement platform providers, and its new working models powered by SBWS have also been recognized in this report.

“TCS is helping customers navigate evolving market complexities and supply volatility using an AI-driven human-machine collaboration framework to enhance resilience and increase speed-to-market in the procurement function, helping CPOs influence demand, drive innovation, and foster strategic supplier relationships,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “Our designation as a Leader in this assessment is a reflection of our innovation-led approach, customer-centricity, extensive investments in digital technologies and the resultant market impact.”

TCS offers a comprehensive portfolio of consulting-led procurement solutions across the source-to-pay value chain covering spend management, strategic sourcing and category management, contract management, supplier management, master data management, and transactional procurement. TCS’ large team of global procurement experts leverages its strong advisory and technology services, contextual knowledge of the customer’s business, and proprietary solutions such as TCS Cognix, an AIdriven human-machine collaboration suite, to drive procurement transformations for enterprises.

At around 11.09 am, TCS was trading at Rs3792.05 per piece down 1.2% on Sensex. 

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