Avasant Wins IAOP Excellence in Strategic Partnerships Award for Innovative Multi-Supplier Transformation with Leading Building Materials Company

Recognizing the limitations of an outdated single-supplier outsourcing model, a major building materials company forged a strategic partnership with Avasant that has revolutionized its operations through digital transformation and a multi-supplier ecosystem.

This exceptional collaboration earned Avasant the Excellence in Strategic Partnerships Award from IAOP for the fourth consecutive year. This prestigious award honors initiatives demonstrating innovation and synergies beyond traditional client-vendor relationships.

“We are honored to receive the IAOP Excellence in Strategic Partnerships Award which highlights Avasant’s commitment to driving innovative solutions and transformative outcomes for our clients. This recognition, along with our placement in IAOP’s Global Outsourcing 100 list for the 16th consecutive year, honors our collaborative approach in delivering a multi-supplier transformation that enabled our client to achieve operational excellence and long-term value. At Avasant, we strive to build strong partnerships that empower businesses to navigate complex challenges and thrive in a rapidly evolving landscape. We look forward to continuing to set the standard for strategic innovation in the industry,” said Kevin S. Parikh, Chairman & CEO of Avasant.

The partnership emerged from the material company’s large-scale transformative operation, an ambitious undertaking to adopt digital technologies and create a new competitive advantage through higher value-added services, a novel operative model, and rapid innovation.

Avasant assessed the customer’s supplier management and governance against its transformation strategy, industry best practices, and cost structures, uncovering significant value that could be realized with the new approach.

The result for the client: Transitioning from a single outsourcing provider for information technology, human resources, and finance and accounting business process operations to a multi-supplier service environment comprised of five providers.

Avasant also established a strategic partnership with the customer to provide technology-enabled supplier governance managed services and acquired the building material company’s Vendor Management Office transactional resources. Avasant established its Contract and Supplier Governance service center in Monterrey, Mexico, where the client is based, to fully support the company and their ongoing management of the vendor relationships.

“This collaboration exemplifies an innovative solution,” Avasant remarked. “By addressing the inefficiencies caused by integrating a single outsourcing partner into the client’s business model, it established a multi-supplier ecosystem from the ground up.”

Avasant’s AI-enabled ServiceNow-based AvaSense™ supplier governance platform, leveraging Avasant’s Strativa Edge real-time Market Intelligence, powered the implementation of digital, best practice, collaborative supplier governance disciplines, and innovative, actionable dashboards and analytics and automation. This scalable digital solution was automated to reduce resource requirements, increase efficiencies, and deliver a lower service cost to the company.

Avasant further explained that the partnership has since produced strategic benefits for both parties through a relationship based on transparency, fairness, mutual respect, a focus on shared business outcomes, and the embodiment of best practices in sourcing and supplier governance.