Procurement Consulting

Procurement Consulting Overview

Unlock the value of Supply Management
In many industries, procurement represents 60% of overall costs, but most companies do little to improve cost savings and value from suppliers

Given the continued and growing importance of procurement, current trends reflect the growing chasm between what procurement teams can deliver and what executives expect. Many companies believe that their procurement capabilities are ineffective and are not creating shareholder value. International sourcing accounts for the single largest overall cost in most companies, regardless of industry. Thus procurement is a strategic differentiator at top performing companies, as it represents a means of improving their top and bottom lines. These companies are now using the strength of their supply management as a strategic and tactical enabler to improve supplier value and to create cost savings. These improvements are realized through faster cycle times, additional freed up working capital, improved supply chain responsiveness, and increased revenue.

Given the importance of procurement, current trends reflect a growing chasm between what procurement teams can deliver and what executives expect. In an age of aggressive global competition, lightening speed production cycles and increased risk of supply chain disruption, executives need to know how to unlock the value procurement. It is these trends necessitating the need for company’s procurement capabilities to evolve.