Accenture set to acquire OnProcess Technology, boosting supply chain managed services
Accenture (NYSE: ACN), a global professional services company, has agreed to acquire OnProcess Technology, signaling a major enhancement in supply chain management services for organizations. OnProcess Technology is known for its proficiency in supply chain managed services that streamline and improve inventory management and resolve intricate service dilemmas.
OnProcess Technology Joins Forces with Accenture to Revolutionize Supply Chain Management
This acquisition is positioned to bolster Accenture’s supply chain and operations, particularly in areas such as asset recovery and service supply chain management. By incorporating OnProcess’s expertise, Accenture aims to facilitate clients’ service order management, drive efficient return processes, track asset movements, and ensure responsible asset reuse or recycling.
OnProcess Technology stands out for its reverse logistics services that span the entirety of the post-sale process, integrating automation, artificial intelligence, and data-driven decision-making to maintain end-to-end visibility from planning to asset recovery.
Accenture to enhances supply chain capabilities with OnProcess Technology acquisition. Photo courtesy of ajay_suresh/Wikimedia Commons.
Accenture Set to Acquire OnProcess Technology, Boosting Supply Chain Managed Services
The collaboration between Accenture and OnProcess is anticipated to provide clients with comprehensive supply chain delivery capabilities coupled with robust after-sales operations. The synergy of the two companies is expected to not only boost operational efficiency but also significantly improve customer satisfaction while promoting sustainable supply chain practices.
Boston-headquartered OnProcess employs over 1,500 professionals across the United States, India, Costa Rica, and Bulgaria, serving a diverse clientele across industries such as communications, media, technology, medical devices, logistics, and manufacturing.
“In recent years, supply chains have risen to one of the most important business functions on the CEO agenda. In today’s environment, the challenge is to drive cost efficiency while continuing to embed and accelerate resiliency. This is why we see the focus on supply chain operations as a vital source of competitive advantage,” Accenture’s senior managing director of supply chain operations, Melissa Twiningdavis, commented.
OnProcess’s CEO, Oliver Lemanski, shared his perspective: “Accenture will provide our people with exciting new opportunities and expand the value we can deliver to our clients with services and capabilities that create end-to-end solutions.”
Padmini Sekhsaria of the Narotam Sekhsaria Family Office (NSFO), the principal owner of OnProcess, also expressed optimism about the acquisition: “We are delighted that the OnProcess team will become part of Accenture, enabled by a new scale to help serve its customers and collaborate with partners.”
The anticipated acquisition is moving towards completion, awaiting customary closing conditions and the necessary antitrust clearances.