Dataction Analytics, a Pune based niche Procurement Analytics Company and TUI, the largest Leisure, Travel, and Tourism Company in the world won the coveted “Innovation of the Year” 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, representing C-suite buyers, leading outsourcing service providers, advisors and more.
This award is a reflection of Dataction’s continuous endeavor of delivering the best services to its clients and incorporating innovation in its strategic planning. Dataction and TUI competed with others in the category and emerged as the winner by ideating to co-develop a unique and pioneering 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 overheads budgets.
“The first phase of the solution was successfully delivered by a multi-national team in just four months, covering over 70% of TUI’s indirect spend. This enables management reporting and opportunity analysis in areas such as IT and Marketing. The aim is to have the platform covering over 90% of TUI’s indirect spend” said Paul Harlington, TUI Group Procurement Director.
Mr. Harlington further added, “The Spend Visibility platform collaboration was one of the most rewarding sourcing projects I have ever undertaken. The collaboration with Dataction Analytics turned around a situation from an unfeasible project with external partners to one that surpassed expectations and delivered faster (and cheaper) than expected, delighting TUI executives in the process. A truly innovative outcome for a successful partnership.”
Dataction adopted a bold and agile approach which a larger company might struggle to think of – the solution comprised of a new combination of technology (unused in this context before), adopting cloud hosting early in TUI, and a service model that is truly creative. It challenges leading market offerings with an alternative, lower cost/higher value-add solution.
Commenting on the success, Mr. 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.