Pune: Pune-based procurement analytics company Dataction Analytics and TUI, one of the largest leisure, travel and tourism company in the world, won the coveted “Innovation of the Year” award at the Global Sourcing Awards 2018.
The Global Sourcing Association (GSA) formally announced the winners of the first Global Sourcing Awards at the Cape Town International Convention Centre in South Africa, bringing together 400+ global industry leaders, leading outsourcing service providers, advisors and more.
Dataction and TUI competed with others in the category and emerged as winners by ideating to co-develop a unique Spend Visibility Solution. It uses a new combination of accessible low cost cloud technologies, Pune-based analyst resources for manual classification and creative proprietary processes to deliver enhanced spend data against TUI’s overhead budgets.
“The first phase of the solution was successfully delivered by a multi-national team in just four months, covering over 70 per cent of TUI’s indirect spend. This enables management reporting and opportunity analysis in areas such as IT and marketing. The aim is to have a platform covering over 90 per cent of TUI’s indirect spend,” said Paul Harlington, TUI Group Procurement Director. He further added, “The Spend Visibility platform collaboration with Dataction Analytics turned around a situation from an unfeasible project with external partners to one that surpassed expectations and delivered faster than expected, delighting TUI executives in the process.”
Speaking about the solution, Saurabh Limaye, CEO, Dataction Analytics, said, “TUI has always been Dataction’s most open minded and collaborative customer. However, the joint delivery of a unique spend solution has taken this collaboration to the next level - a perfect example demonstrating how out-of-the-box thinking and trusting a supplier as an extended arm of your own team can deliver amazing results. This is by far the most exciting and enriching innovation project that I have been involved in.”
The GSA Global Sourcing Awards recognise organisations that constantly deliver results in the outsourcing industry, despite the unprecedented disruption at a global level.
