MindTree Launches Spend Analysis Solution for the Manufacturing Industry
Designed to enable strategic sourcing and better analysis of spend information tohelp organizations save on sourcing costs
Bangalore, India, February 5, 2009:
MindTree Ltd.(NSE: MINDTREE), a global IT and R&DServices company, today announced the availability of itsSpend Analysis Solutionfor themanufacturing industry. MindTree’s Spend Analysis Solution will now offer organizations in themanufacturing industry enhanced control and optimization of their procurement costs.With sourcing accounting for up to 75 percent of the total cost base of typical manufacturingorganizations, extracting the required intelligence out of spend data not only directlycontributes to cost savings but also provides significant inputs for budgeting, planning andproduct strategies. MindTree’s Spend Analysis Solution is aimed at helping organizationscreate global visibility into their spending patterns and save costs by making better, moreinformed sourcing decisions.The solution is based on MindTree’s Re-Usable Business Intelligence Components (RUBIC)framework, which is a result of MindTree’s rich experience in building business intelligencesolutions for the world’s leading manufacturers. The framework consists of three layers – dataintegration layer, to support consolidation of data from multiple transaction systems;intelligence layer, that contains spend related business metrics; and presentation layer, toenable intuitive and user-friendly dashboards for information delivery. Usage of thesestandardized technology components improves solution quality and significantly reduces thetime-to-value for customers.“With this solution, we hope to help our customers save costs via spend volume aggregation,supplier rationalization, improved contract compliance and ‘requisition to pay’ processimprovements,” said MindTree vice president and head,Manufacturing Industry Group,
Vikram Amaranath. “We believe our solution is well placed to help companies deal with theissue of controlling costs, which has become a strategic priority in the current economicenvironment.”MindTree’s Manufacturing Industry Groupoffers consulting and IT services to automotive,
discrete manufacturing,consumer productsand process industries. The services offered span
the entire value chain of manufacturing and cover areas such as product development,
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