Cognizant and Woolworths Recognized as Finalists in Best Sourcing Transformation at the ISG 2015 ANZ Paragon Awards™

At the Information Services Group (ISG) 2015 Australia/New Zealand (ANZ) Paragon Awards™, Cognizant and Woolworths were recognized as finalists in the Best Sourcing Transformation category. The awards recognize leadership and best practices in sourcing and service management.

The two companies were recognized for Woolworths Marketplace, an analytics and reporting solution developed by Cognizant for Woolworths, Australia’s leading grocery and supermarket store chain, as part of the latter’s initiative to drive revenue and growth by transforming its digital business and developing greater foresight into market demands.

By adopting a ‘one team’ strategy, Cognizant and Woolworths created a unique partnership that focused on leveraging joint innovation, new strategies, and advanced technologies for Woolworths to deliver service excellence, improve time-to-market, and increase customer satisfaction.

Cognizant leveraged Techquarium, its proprietary information science ecosystem that combines business and technology know-how, ready-to-use processes and best practices, technology accelerators, and world-class innovation labs, to empower Woolworths to drive rapid ideation, transform business processes, and turn data into a competitive differentiator.

Cognizant enabled Woolworths to foster accurate and timely reporting and data-driven insights across a wide range of functional business areas to support its rapid growth. Using its extensive consulting, domain and technology expertise, Cognizant reengineered and streamlined Woolworth’s complex reporting system without disrupting business during the transition. The engagement also involved helping Woolworths improve delivery efficiencies and optimize costs by automating processes.