When it comes to procuring new technology for an organization, companies today often don't know what they want from the software they're trying to procure. They might know the challenges involved, but not know how to translate that into a solution. Once the solution is articulated, it's smooth sailing – but getting there is another story. That's where a procurement consultant steps in. Procurement consulting is a vast industry, and it certainly isn't cheap. Still, it can be invaluable when it comes to making decisions in numerous areas of procurement, supply chain & logistics—direct & indirect procurement, sourcing strategies, sustainability, technology platforms, risk management, contract management—they all are a pivotal part of the procurement strategy ensemble. It's a procurement leader's job to figure them all out.
Most importantly, procurement's role in the enterprise has evolved. Today, procurement leaders are expected to work cohesively as part of the C-suite to form a strategy to mitigate risk, create competitive advantage and help drive enterprise growth. When it comes to choosing a procurement consultancy firm to help for this strategy, one needs to look out for a company that can help to build and manage high-performance procurement departments, develop and then deploy a clear strategy to become more effective and efficient as an organization. There are a few areas where a procurement consultant can both expedite the purchasing process and achieve a better result for both the organization and the project stakeholders.
To help organizations and leaders select the best Procurement Services for advancing business initiatives, we present to you APAC CIO Outlook's "Top 10 Procurement Consulting/Service Companies - 2020."