HCLTech positioned as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024 | HCLTech
Analyst Firm Name
ISG
HCLTech positioned as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024

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HCLTech positioned as a Leader in ISG Provider Lens™ Procurement Services - Direct Procurement Enablement and Modernization Services, 2024

Effectively implemented and managed strategic sourcing, including category management, not only enhances more efficient procurement but also notably increases business value for procurement organizations, primarily because it improves enterprises’ ability to conduct business and improve margins.

For this study ISG assessed 42 companies and has recognized HCLTech as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024

“Its focus on integrating comprehensive services portfolio with market-leading software partners for client business improvement, positions HCLTech as a Leader in strategic sourcing and category management services.” Bruce Guptill, Principal Analyst

Key highlights of the report:

  • AI and automation at the forefront: HCLTech’s SmartBuy AI-powered solution framework constantly integrates and analyzes procurement data from internal and external sources.
  • Comprehensive service portfolio: HCLTech’s category management offerings include over 350 category managers with experience in direct and indirect sourcing and procurement. Its AI-supported category and market intelligence tools provide near real time insights across all categories through interactive dashboards.
  • Risk and reward commitment model: HCLTech commits to delivering contracted and realized savings within the range of five to six percent of the total addressable spend.
HCLTech positioned as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024

Effectively implemented and managed strategic sourcing, including category management, not only enhances more efficient procurement but also notably increases business value for procurement organizations, primarily because it improves enterprises’ ability to conduct business and improve margins.

For this study ISG assessed 42 companies and has recognized HCLTech as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024

“Its focus on integrating comprehensive services portfolio with market-leading software partners for client business improvement, positions HCLTech as a Leader in strategic sourcing and category management services.” Bruce Guptill, Principal Analyst

Key highlights of the report:

  • AI and automation at the forefront: HCLTech’s SmartBuy AI-powered solution framework constantly integrates and analyzes procurement data from internal and external sources.
  • Comprehensive service portfolio: HCLTech’s category management offerings include over 350 category managers with experience in direct and indirect sourcing and procurement. Its AI-supported category and market intelligence tools provide near real time insights across all categories through interactive dashboards.
  • Risk and reward commitment model: HCLTech commits to delivering contracted and realized savings within the range of five to six percent of the total addressable spend.
HCLTech positioned as a Leader in ISG Provider Lens™ Procurement Services - Strategic Sourcing and Category Management Services, 2024
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