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In this Spend Matters Vendor Analysis, we give an overview of WNS Procurement’s digital offering.
The years 2020 and 2021 showed that a majority of businesses were unprepared to tackle significant disruptions and changes in their supply chains, and the business environment is still more volatile and uncertain than ever. Supply disruptions and market dynamics impacted many companies because they had limited visibility into their supply chains, no structured risk management programs and inadequate mechanisms to monitor markets.
While these problems cost companies millions of dollars, on the positive side, they represent an opportunity for organizations to ramp up their capabilities to identify, monitor and mitigate third-party supplier risk to enhance category management based on outside-in insights (market and commodities) to ensure business continuity and meet compliance and sustainability goals, which is exactly the value proposition of WNS Procurement’s solution.
Following its acquisition of The Smart Cube and Optibuy in 2023, WNS has structured a procurement-focused offering under the ‘WNS Procurement’ label. It includes a digital offering (The Smart Cube) that covers market, category and commodity intelligence and real-time, supply chain risk monitoring, as well as a new AI co-pilot.
Here’s why WNS Procurement matters:
To the market — The solution is a one-stop-shop backed by research to provide supplier-/supply-related intelligence on top of essential features and functions that can be augmented via a custom/bespoke service offering.
To potential buyers — Customers benefit from a turnkey solution to monitor suppliers, categories and commodities with access to on-demand and forward-looking research to keep a constant eye on their most strategic suppliers, categories and commodities.
This Vendor Analysis gives an overview of the vendor’s capabilities, looks at its competitors, provides user considerations and closes with key analyst takeaways.