Dataction Analytics and TUI honoured with ‘Innovation of the Year’ Award at the Global Sourcing Awards 2018
TUI and Dataction Analytics partnered to create an agile, innovative and unique solution to replace an aging data warehouse platform
- Global Sourcing Association (GSA) announced the winners of the first Global Sourcing Awards at the Cape Town International Convention Centre in South Africa
- TUI and Dataction Analytics partnered to create an agile, innovative and unique solution to replace an aging data warehouse platform
Pune, October 25, 2018: Dataction Analytics, a Pune based niche Procurement Analytics Company and TUI, the largest Leisure, Travel and Tourism Company in the world won the coveted “Innovation of the Year” at the Global Sourcing Awards 2018. The Global Sourcing Association (GSA) formally announced the winners of the first Global Sourcing Awards at the Cape Town International Convention Centre in South Africa, bringing together 400+ global industry leaders, representing C-suite buyers, leading outsourcing service providers, advisors and more.
This award is a reflection of Dataction’s continuous endeavour of delivering the best services to its clients and incorporating innovation in its strategic planning. Dataction and TUI competed with others in the category and emerged as the winner by ideating to co-develop a unique and pioneering spend visibility solution. It uses a new combination of accessible low cost cloud technologies, Pune based analyst resources for manual classification, and creative proprietary processes to deliver enhanced spend data against TUI’s overheads budgets.
“The first phase of the solution was successfully delivered by a multi-national team in just four months, covering over 70% of TUI’s indirect spend. This enables management reporting and opportunity analysis in areas such as IT and Marketing. The aim is to have the platform covering over 90% of TUI’s indirect spend” said Paul Harlington, TUI Group Procurement Director.
Mr. Harlington further added, “The Spend Visibility platform collaboration was one of the most rewarding sourcing projects I have ever undertaken. The collaboration with Dataction Analytics turned around a situation from an unfeasible project with external partners to one that surpassed expectations and delivered faster (and cheaper) than expected, delighting TUI executives in the process. A truly innovative outcome to a successful partnership.”
Dataction adopted a bold and agile approach which a larger company might struggle to think of – the solution comprised of a new combination of technology (unused in this context before), adopting cloud hosting early in TUI, and a service model that is truly creative. It challenges leading market offerings with an alternative, lower cost / higher value-add solution.
Commenting on the success, Mr. Saurabh Limaye, CEO, Dataction Analytics said, “TUI has always been Dataction’s most open minded and collaborative customer. However, the joint delivery of a unique spend solution has taken this collaboration to the next level – a perfect example demonstrating how out of the box thinking and trusting a supplier as an extended arm of your own team can deliver amazing results. This is by far the most exciting and enriching innovation project that I have been involved in.”
The GSA Global Sourcing Awards recognise organisations that constantly deliver results in the outsourcing industry, despite the unprecedented disruption at a global level.
About Dataction Analytics:
Dataction is a dynamic analytical solutions company with a proven expertise in Procurement Analytics, Testing and Support & Data Analytics. It has received several accolades for empowering its clients – also including a Fortune 500 group – to take cognitive business-critical decisions, leveraging its inherent ability to spot patterns and establish deeper insights.
It delivers pragmatic and affordable services based on its in-depth knowledge of industry trends and leveraging the experience of managing similar assignments. With Dataction, the clients achieve their business objective through enhanced efficiency, credibility and optimised costs.
Be it executing the business continuity functions or high-end strategic consulting, the company has a consultative approach with brutal focus on facts and figures.
TUI Group is the world’s leading tourism group operating in around 180 destinations worldwide. The company is domiciled in Germany. The TUI Group’s share is listed in the FTSE 100 index, the leading index of the London Stock Exchange, and in the German open market. In financial year 2017, TUI Group recorded turnover of €18.5bn and an operating result of €1.102bn. The Group employs 67,000 people in more than 100 countries. TUI offers its more than 20 million customers comprehensive services from a single source. It covers the entire tourism value chain under one roof. This comprises around 380 Group-owned hotels and resorts with premium brands such as RIU and Robinson as well as 16 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels to the Mein Schiff fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading international tour operator brands, 1,600 travel agencies in Europe and five European tour operator airlines with around 150 modern medium- and long-haul aircraft. Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation promotes the positive effects of tourism. It initiates projects that create new opportunities for the next generation and contributes to a positive development of the holiday destinations.
About the GSA:
The Global Sourcing Association (GSA) is the industry association and professional body for the global sourcing industry. We are the home of the Global Sourcing Standard, a world first for the provision of a portfolio of best practice methodologies and accreditation programmes supported by both buyers and suppliers of sourcing. The GSA is a not-for-profit membership association which serves to share best practice, trends and connections across the globe bringing the global community together in a wholly interactive manner for the first time. Its overriding objective is the ongoing development and dissemination of the Standard and supporting portfolio of qualifications in order to improve the benefits and positive reputation, and therefore size, of the global sourcing industry.