Procurement is the process of sourcing and acquiring goods, services, or works from external suppliers to meet an organization’s needs. It involves activities like vendor selection, contract negotiation, and ensuring cost-effective, timely delivery while maintaining quality and compliance.
PROCUREMENT ADVISORY
Strategic Sourcing & Category Management
- Spend analysis and opportunity assessment
- Supplier market research and benchmarking
- Development and execution of sourcing strategies
- Supplier relationship management (SRM)
- Demand management and procurement planning
- Category-specific strategy development (e.g., IT, HR, marketing, etc.)
Strategic Sourcing & Category Management
- Procurement maturity assessments
- Operating model design (centralized, decentralized, hybrid)
- Change management and stakeholder engagement
- Implementation of procurement best practices and frameworks
- Organizational restructuring (roles and responsibilities)
- Digital transformation and procurement technology solutions
- Continuous improvement frameworks
Supplier Management & Risk Mitigation
- Supplier performance management (KPIs, SLAs)
- Supplier development and improvement programs
- Supplier risk assessment and mitigation strategies
- Supply chain risk management
- Contract lifecycle management (CLM) automation
- Outsourcing, offshoring, and nearshoring assessments
Cost Optimization & Savings Programs
- Cost reduction strategies
- Price negotiation tactics
- Total cost of ownership (TCO) analysis
- Process efficiency improvements
- Benchmarking and competitive intelligence
- Spend consolidation and supplier rationalization
Contracting & Compliance
- Contract drafting, review, and negotiation
- Regulatory compliance and governance
- Contract management systems and tools
- Vendor risk and legal compliance audits
- Ethical procurement and sustainability practices
- Compliance with local and international procurement laws
Procurement Technology Advisory
- e-Procurement system implementation (ERP, e-sourcing tools)
- Digital procurement solutions (AI, automation)
- Procurement analytics and reporting
- Procurement platform selection and integration
- Digital supplier collaboration tools
- Spend management tools implementation (SAP Ariba, Coupa, etc.)
Sustainability & Social Responsibility in Procurement
- Sustainable sourcing strategies (green procurement)
- Supplier diversity and inclusion programs
- Ethical and responsible sourcing (labor rights, environmental)
- Carbon footprint and environmental impact assessments
- Corporate social responsibility (CSR) alignment
Procurement Outsourcing & Managed Services
- Procurement function outsourcing (complete or partial)
- Business process outsourcing (BPO)
- Spend management as a service
- Tail spend management
- Temporary or fractional procurement leadership (e.g., interim CPO)
Procurement Analytics and Insights
- Spend data analysis and optimization
- Predictive analytics for demand forecasting
- Procurement performance measurement and dashboards
- Supplier risk analytics
- Market trend analysis and reporting
Training & Capability Development
- Procurement skills and competency assessments
- Tailored procurement training programs
- Supplier negotiation workshops
- Procurement leadership coaching
- Continuous professional development programs for procurement teams
Public Sector Procurement Advisory
- Government and public sector procurement compliance
- Public procurement tender management
- EU, UN, and other international public procurement regulations
- Vendor prequalification processes
- Open tender and bid management support