Spark Minda: Minda Gets a Tech Spark

by December 6, 2018 0 comments

Solutions Requirement

Vehicle manufacturers worldwide rely on Spark Minda, Ashok Minda Group, for security systems, driver information systems, and other components that combine innovative design and technology. But with 32 plants located around the globe, procurement had become fragmented – restricting data transparency while limiting vendor and price discovery.

• Launch an internal initiative to standardize the indirect spend process

• Improve vendor and price discovery

• Integrate procurement activities across group companies

Solutions Deployment

To integrate and automate procurement, Spark Minda turned to the SAP Ariba Sourcing solution and to Cloudway Consulting, an SAP partner. SAP Ariba Sourcing has enabled Spark Minda to standardize its entire procurement process for indirect spend, from defining specs and quality attributes to onboarding suppliers, submitting requests for quotations, and bidding.

Today, six group companies use SAP Ariba Sourcing to access a single integrated source of the vendor, pricing, and procurement data. This has helped Spark Minda consolidate spend, assess vendors, and identify the best ones for extended partnerships. Improved vendor and price discovery now help the company meet its mission of low-cost manufacturing at global quality levels. Proven ability to automate the sourcing process

• Central repository of information

• Strong product capabilities

• Trusted SAP Solution

• Deployed the cloud-based SAP Ariba Sourcing solution to automate procurement and streamline key tasks throughout the sourcing lifecycle

• Relied on the expertise of Cloudway Consulting, an SAP partner, for implementation guidance and training

Solution Benefits

• Reduce costs by standardizing the procurement process, incorporating best practices, and eliminating unnecessary activities

• Improve compliance by creating approval workflows

• Increase competition among vendors, leading to best-value agreements

• Enhance synergy and consolidate spend by making procurement data transparent across business units

• Accelerate procurement cycle times

• Minimize order errors by improving data accuracy

• Achieve a massive reduction in report generation time

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