3M Extends Strategic Relationship with Cognizant

3M extends its strategic relationship with Cognizant, which encompasses a wide range of application development and related services to drive operational efficiencies and improve productivity for the maker of Post-its and thousands of other innovative products.As part of the engagement, Cognizant will leverage an outcome-based, managed services engagement model with committed productivity benefits over the long-term. It will also work to reduce the total cost of ownership and ensure high quality and consistency across 3M's applications portfolio, including mission-critical software used in research and development, planning, sourcing and supply chain, manufacturing, sales and marketing, e-commerce, human resources, finance, and administration.

 

"Cognizant's innovative outcome-based engagement model and proven applications and manufacturing industry expertise will help accelerate our efforts to drive cost efficiencies and further transform the relationship we began in 2001," says Ernie Park, vice president and chief information officer, 3M.

 

By enabling accelerated product innovation and time-to-market, 3M aims to realize its strategic business objectives, augment production capacity, enhance global capabilities, and rationalize costs. As a knowledge-intensive company that applies several distinct technology platforms to a wide array of customer needs in diverse markets, 3M expects to also benefit from Cognizant 2.0 -- Cognizant's global knowledge-sharing, collaboration, program management and social computing platform to optimize its strategic IT investments and leverage its knowledge assets to achieve newer levels of innovation and virtualization.

 

"Cognizant's best practices will enhance decision-making, improve service-level predictability, reduce defects through applications testing and quality assurance services, and help us more efficiently and cost-effectively scale production up and down based on dynamic global market demands," says Janel Haider, director, Applications Center of Excellence, 3M.