Minacs Spend Smart is an innovative spend management methodology that combines procurement fundamentals with modern techniques to strategically move legacy in-house buying activities to leveraging external capabilities. It provides a seamless set of outsourced procurement services including sourcing and category management, sourcing support, and purchasing operations. Minacs claims it can achieve significant negotiated savings and benefits for clients through its global skills, comprehensive solutions, and focus on capturing sustained value.
1. Minacs Spend Smart
An Innova ve Approach to Spend Op miza on
The challenging economic climate coupled with intense compe on has
showcase Procurement Services • Minacs Spend Smart • Spend Management
KEY RESULTS
created pressure on corporate balance sheets.
Major demonstrated benefits to some of
our clients include:
Given the uncertain mes, it is certain that for the first me in modern
Over 70% increase in spend under
corporate history the CPO’s agenda is in sync with that of the CEO - save
management
money. As pressure con nues to mount, procurement spending is being
Enablement of granular mul -
subjected to detailed scru ny. Innova ve CPOs are constantly focusing
dimensional line item level spend
visibility on lean and intelligent spend transforma on mechanisms. The decisions
Over 40% increase in addressable they make today will have a bearing on their opera ons in one or two
spend visibility years when the economy rebounds.
Over 12% reduc on in addressable
spend Minacs Spend Smart is an innova ve, mul -faceted methodology
Over 30% reduc on in maverick applied to spend management. We combine procurement fundamentals
spending and financial prac ces with modern techniques and global business
Over 7% reduc on in working capital sense. Spend Smart represents the next phase in the evolu on of the
requirements procurement func on by strategically moving legacy in-house buying and
Over 50% reduc on in procure to pay
sourcing ac vi es that have served global corpora ons for many decades
(P2P) enterprise service costs led by
to leveraging external capabili es that complement and enhance internal
process harmoniza on, technology
procurement func ons.
and outsourcing.
Sourcing & Supplier Supplier
Category Category Demand Contract
Category Outreach & Sourcing Performance
Assessment Op miza on Management
Management
Management
Prequalifica on Management
Category Management
Market
Research eSourcing & Spot Sourcing
Spend Analysis Contract Make or Buy
Sourcing Support & Benchmarking
& Supplier Auc ons & Tac cal Decision Support
Administra on
Financial Management Buying
Analysis
Invoice
Supplier Adop on Requisi on PO/ Release Material Receipt &
Purchasing & Content Review & Management & Tracking & Returns
Processing
Opera ons & Dispute
Management Processing Fulfillment Expedi ng Management
Management
Source to Pay Systems Support & Helpdesk Management
Managed Master Data Warranty & Telecom Con ngent
Tail End Spend Fleet Spend
Procurement Management Procurement Spend Labor Spend
Management Management
(MDM) Integra on Management Management
Solu ons
Minacs Spend Smart Solu on
www.minacs.adityabirla.com