SUPPLY CHAIN
“ Mapping our business requirements with what our supply base can deliver has enabled us to provide innovative solutions and unique ways of approaching business problems ”
Arya Gupta Procurement Director of Global Chemicals & Innovation , Coty
engineering within its procurement tools has also enabled the business to cater to the growing demands of its consumers , make quick , informed decisions within the development of new products and scale up its sourcing and procurement capabilities in alignment with company growth .
“ Technology and automation are supporting us in bringing an even deeper market insight from a category sourcing excellence point of view . It is helping us in Supplier Relationship management ( SRM ) through precise segmentation , identification and definition of the Core ,” notes Gupta . “ Also , it lets us obtain a real-time view across all our business lines , functional areas and endeavors around the globe to be able to connect the dots and make timely recommendations .”
“ Additionally , it improves the Procure to Pay process especially measurement of procurement results and risk management ,” he says . “ To all of that , when you add excellence in execution from a high-octane team – it translates to ‘ being brave and going beyond ’ – a highly potent combination for the business .”
Increased consumer awareness The rise of digital tools and technologies leading to increased consumer awareness has led suppliers , consumers and stakeholders to look closely at ways in which raw materials , ingredients and chemicals are routinely sourced by companies in the manufacturing of new products . Filtering into Coty ’ s values , the business is continually looking at
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