Genpact (NYSE:G), a leader in the globalization of services and
technology and a pioneer in managing business processes for companies
around the world, today announced that it has been named the leader in
full service end-to-end procurement outsourcing by the Brown-Wilson
Group’s 2009 ranking also known as the Black Book of Outsourcing.
This marks the third consecutive year that Genpact has been recognized
as the top Procurement BPO provider.
The Black Book ranking is based on surveys of more than 2,800 senior
procurement supply chain professionals who are asked to evaluate their
vendor relationships based on 18 key performance indicators. Genpact’s
top place ranking was based upon a number of factors including highest
marks in the areas of Vendor Overall Preference, Innovation, Training,
Breadth of Offerings, Delivery Excellence, Reliability, Support,
Customer Care and others.
"We’re extremely pleased by this recognition of our ongoing commitment
to deliver best in class procurement services,” said Navanit Samaiyar,
Genpact Senior Vice President, Procurement and Supply Chain Services.
"At Genpact, we work closely with global clients to continuously enhance
their procurement processes in order to maximize value and ensure the
highest-possible quality in service delivery. This ranking reflects
their positive response to that effort and we sincerely appreciate this
recognition.”
"Procurement outsourcing continues to be one of the fastest growing
sectors of the outsourcing market. The companies included on this year’s
Black Book ranking are the leaders in helping global corporations derive
maximum value from this critically important aspect of their business,”
said Doug Brown, Managing Partner of the Brown-Wilson Group.
"Genpact’s top position in this category for the third consecutive year
is a reflection of not only the value its clients place in its
commitment to innovation, but also its dedication to serving their
evolving needs.”
Genpact’s Sourcing and Procurement practice delivers end-to-end
procurement outsourcing solutions, enabled by its deep domain
experience, best-in-class technology and strategic partnerships. With
over 3,000 procurement experts, Genpact works with global companies to
provide comprehensive services that include spend analysis, sourcing and
category management, planning and issue of purchase order, compliance,
material receipt and accounts payable.
Developed in 2004, the annual Black Book of Outsourcing study recognizes
excellence among global service providers that demonstrate leadership
and outstanding performance in the areas of C-Level Commitment,
Corporate Direction, Leadership Impact and Human Capital Development.
The Black Book ranking is recognized as a key independent industry
standard for customer satisfaction in the global services industry. In
compiling the ranking, the Brown-Wilson Group surveyed over 300,000
global outsourcing users collected from various sources.
About Genpact
Genpact is a leader in the globalization of services and technology and
a pioneer in managing business processes for companies around the world.
The company combines process expertise, information technology and
analytical capabilities with operational insight and experience in
diverse industries to provide a wide range of services using its global
delivery platform. Genpact helps companies improve the ways in which
they do business by applying Six Sigma and Lean principles plus
technology to continuously improve their business processes. Genpact
operates service delivery centers in China, Guatemala, Hungary, India,
Mexico, Morocco, the Netherlands, the Philippines, Poland, Romania,
South Africa, Spain and the United States. For more information, see our
website at: www.genpact.com.
About Brown-Wilson Group
Brown-Wilson Group's research mission is to offer balanced, objective
and unbiased results to help organizations maximize significance,
increase speed-to-results, and mitigate risk in outsourcing/sourcing
initiatives. Brown-Wilson Group, based in Clearwater FL USA, measures
their own success via clients' ability to achieve and sustain
significant improvements in their outsourcing decisions from aligning
customer experience research and strategies that stand the test of time.
Black Book 50 Methodology
The fifth annual Black Book survey for Brown-Wilson Group's "50
Best-Managed Global Outsourcing Vendors" was distributed electronically
to customers, employees, buyers, contractors and users world-wide and
available at www.theblackbookofoutsourcing.com.
In March, surveys were sent to the nearly 24,000 outsourcing decision
makers who were verified in the previous surveys, followed by 357,000
additional invitations sent to individuals in corporations, businesses,
organizations and government agencies who use, offer and are employed in
outsourcing services or pre-registered for the survey on the Black Book
website. Survey entry access codes were available only one time per
outsourced function. The survey closed on May 7, 2009. The 31 key
performance indicators of vendor satisfaction with supplier leadership
are posed with a scoring basis of 0 to 10 (0=deal breaking
dissatisfaction and 10=overwhelming exceeded expectations) per criteria.
Additionally, 18 key performance indicators in operational excellence
are also balloted for later study and custom reporting throughout 2009
for outsourcing clients, buyers, prospective users, analysts,
consultants, media and investors.