Genpact's Innovative Supply Chain Solution Achieves Award
Genpact's Recognition for Sustainable Innovation
Genpact (NYSE: G), a renowned global professional services firm, has achieved a remarkable milestone by winning the prestigious Celonis "Best Use Case Ideation" award for their impactful sustainable supply chain solution. This accolade emphasizes Genpact's dedication to driving efficiency and minimizing waste in manufacturing processes, making a significant environmental contribution.
Collaboration with Celonis
In an era where businesses face mounting pressure to adopt sustainable practices, Genpact has joined forces with Celonis, a leader in process mining and intelligence. Together, they have developed a solution that allows clients to transition from disposable packaging to reusable options. By closely monitoring packaging movement through an integrated interface, this solution not only enhances operational efficiency but also plays a vital role in reducing overall waste.
Expert Insights on Supply Chain Needs
According to Sanjeev Vohra, Genpact's Chief Technology and Innovation Officer, the current supply chains necessitate adaptable, sustainable, and efficient solutions. He noted, "With the advantage of the Celonis Process Intelligence platform, we can orchestrate transactions across various products and systems, enabling our clients to realize both environmental and operational benefits through our extensive supply chain expertise and advanced technological offerings."
Addressing the Reusable Asset Lifecycle
Genpact's solution is designed to manage every phase of the reusable asset lifecycle, streamlining processes that are crucial for enhancing sustainability. The key stages include:
- Real-time insights for effective planning.
- Asset location tracking for greater visibility.
- Data coordination throughout complex supply chains.
- Streamlined logistics for managing returns and pickups.
This comprehensive approach ensures that manufacturers can maximize the use of reusable assets, contributing to a circular economy.
A Milestone in Innovation
Genpact's impressive solution was recognized as one of the top six finalists out of 115 entries at the annual Celonis Ecosystem Hackathon. The award ceremony took place at Celosphere 2024, celebrating innovative contributions that elevate sustainability within industries.
Janina Bauer, Global Head of Sustainability at Celonis, expressed excitement over Genpact's achievements, stating, "It’s inspiring to see how Genpact is utilizing our Process Intelligence platform to not only innovate processes but also push forward sustainable operations within intricate supply chains. Their initiative to track the journey of reusable assets from production to reconditioning exemplifies a commitment to impactful, technology-driven solutions widely needed across sectors."
Enhancing Business Sustainability
As part of their ongoing collaboration, Genpact and Celonis are enhancing the Celonis Sustainability Layer. This integrated suite is pivotal for sustainability measurement, assessment, and reporting. It fosters an environment where sustainability data is unified across various business units, creating a dedicated repository that promotes better business decision-making alongside improved sustainability performance.
About Genpact
Genpact (NYSE: G) is a dynamic global professional services and solutions organization, impacting businesses worldwide. With over 125,000 individuals across more than 30 countries, Genpact's mission revolves around driving innovation and delivering value. Their expertise spans years of experience across various industries, enabling them to provide tailored solutions through digital operations, along with advanced data and AI capabilities.
Their goal is to create a world that works better for everyone, serving a diverse range of enterprises, including those recognized on the Fortune Global 500 list.
Frequently Asked Questions
What award did Genpact win?
Genpact won the Celonis "Best Use Case Ideation" award for its sustainable supply chain solution.
What does the sustainable supply chain solution do?
The solution allows clients to replace disposable packaging with reusable alternatives, thereby reducing waste and enhancing operational efficiency.
Who did Genpact partner with for this solution?
Genpact partnered with Celonis, a leader in process mining and process intelligence.
What are the key phases of the asset lifecycle addressed by Genpact?
The solution addresses planning, tracking asset locations, coordinating data, and streamlining reverse logistics for reusable assets.
How does Genpact contribute to sustainability?
By advancing innovative solutions that enhance supply chain efficiency and reduce waste, Genpact is dedicated to fostering sustainability across industries.
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