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Neo Group: Leveraging Sourcing - Beyond Advice to Outcomes

Neo Group: Leveraging Sourcing - Beyond Advice to Outcomes

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Atul Vashistha,ChairmanOne of the first-movers into the global sourcing advisory space, NeoGroup was established in 1999 to create competitive advantage for their clients by leveraging talent globally. A lot has changed in the industry in the past 18 years, and NeoGroup has evolved to meet their client’s needs. When NeoGroup started, sourcing was almost entirely focused on cost by accessing low cost labor and/or allowing the flexibility to scale up and down as business required. Sourcing advisory has matured beyond talent to adding value by leveraging analytics and automation. Nowadays clients are looking to advisors and suppliers to add greater impact by offering thought leadership, innovation, and end-to-end solutions. Technology and automation is transforming outsourced services, and clients are heavily relying on real-time analytics to accelerate efficiency and productivity.

What sets NeoGroup Advisory apart is their proven data-driven

NeoGroup provides support across the entire governance lifecycle from governance tool selection and implementation to governance process advisory and ongoing governance support

methodology that produces extraordinary results quickly. NeoGroup approaches automation by assessing the potential where automation can be applied while still retaining flexibility to update as solutions evolve. In 2012 NeoGroup launched Supply Wisdom SM a cloud-based data, alerts and guidance solution that enables companies to proactively monitor locations and suppliers in their global services supply chain in order to make rapid, informed decisions about risk, sourcing, third-party oversight, location selection, vendor management and ongoing governance. As a result NeoGroup advisors are exclusively positioned to leverage Supply Wisdom’s extensive and unique real-time and historical market data. Clients benefit because NeoGroup advisors augment their own operational experience using this data-driven methodology to drive the engagement. Therefore, unlike most advisory firms, NeoGroup guidance is not
limited to the experience of the individuals assigned to an engagement.

Additionally, as the services sourcing market has matured, companies now have significant spend with their supplier partners. NeoGroup believes that to maximize return on this investment requires higher attention to governance and ongoing vendor management. NeoGroup Governance Support Services (GSS) team uses their global sourcing model along with market or client provided technology and ongoing analytical reviews to create higher proficiencies and productivity that maximizes the client’s return on investment.

NeoGroup provides support across the entire governance lifecycle from governance tool selection and implementation to governance process advisory and ongoing governance support. NeoGroup robust governance model is layered and addresses day-to-day operations while considering strategic and enterprise wide objectives. During ongoing governance support, NeoGroup GSS enhances the functions of relationship management, performance management, resource management, financial management, and risk management. This dedicated governance focus benefits NeoGroup client’s with enhanced oversight and reporting, significant cost reduction, higher focus on innovation, and an increase in high quality automation.