Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been named a Leader in Everest Group’s PEAK Matrix Assessment for Procurement Outsourcing Services.
Cited as key strengths were TCS’ holistic portfolio of service offerings and capabilities across the procurement value chain and its expansive industry and geography coverage. The report highlights how TCS Cognix for Procurement, an AI-driven human-machine collaboration suite, accelerates digital transformation for clients using an ecosystem of pre-built solutions. TCS’ robust digital ecosystem, partnerships with leading procurement platform providers, and its new working models powered by SBWS have also been recognized in this report.
“TCS is helping customers navigate evolving market complexities and supply volatility using an AI-driven human-machine collaboration framework to enhance resilience and increase speed-to-market in the procurement function, helping CPOs influence demand, drive innovation, and foster strategic supplier relationships,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “Our designation as a Leader in this assessment is a reflection of our innovation-led approach, customer-centricity, extensive investments in digital technologies and the resultant market impact.”
“TCS emerged as a Leader in Everest Group’s 2021 Procurement Outsourcing (PO) Services PEAK Matrix® Assessment due to its holistic portfolio of service offerings and capabilities across the procurement value chain supported by its strong technology capabilities and consulting/advisory practice,” said Shirley Hung, Partner, Everest Group. “In 2020, it launched TCS Cognix for procurement powered by its Machine First Delivery Model (MFDM™) framework to accelerate digital transformation among clients. It is also integrating its consulting practice with operations and technology teams to present the best of its procurement capabilities to clients.”
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