Procurement Transformation
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Huge performance gains, big boost for bottom line

Amplify your procurement team’s reach, relevance and enterprise-wide impact

PROCUREMENT TRANSFORMATION

Procurement’s role is evolving rapidly; the tactical team focused on cost reduction has been recast as a strategic entity driving enterprise-wide value. Enterprises worldwide are asking their procurement teams to play a larger and more strategic part in overall corporate growth and deliver sustainable business results. To be able to meet these new expectations, procurement organizations must transform their legacy processes, practices and structures, and align them with the current needs of the enterprise.

As with any transformation program, the real challenge is in the implementation. Organizations often follow the path of building detailed transformation road maps and implementation plans, many times using outside expertise, but fail to realize the benefits in the real world.

Within Prudential, the procurement transformation program is a big success. We actually delivered the majority of the program within 13 months with CBSV.

– Richard Powell, Director of Procurement and Supply Chain, Prudential

CBSV adopts a holistic approach toward procurement transformation that focuses on building a high-performance procurement organization in the shortest period of time.

We differentiate ourselves by supporting our clients throughout the transformation journey. In our engagements, we typically run a parallel track of strategic sourcing to help our clients deliver lasting financial results while they build internal capabilities.

Transformation Capabilities

Procurement Strategy

Organization & People

Sourcing & Management

Technology

S2P Operations

Governance & Performance

Procurement Process Design

Change Management

Passionate About Procurement™

Our procurement transformation engagements are led by seasoned procurement experts and supported by a world-class infrastructure comprising our sophisticated methodologies; cloud-native procurement software; a rich knowledge base of best practices, benchmarks, and analytical tools and templates; market intelligence capabilities; and global reach.

TOOLS OF THE TRADE

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  • Assessment maps for organizational changes
  • S2P process maps
  • TCO models
  • Assessment frameworks
  • Benchmarks databases
  • Developing an organization-wide procurement strategy aligned to business goals.
  • Implementing a strategic sourcing road map for significant savings in the short term while achieving corporate goals.
  • Developing category-specific strategies for ongoing category management.
  • Creating an assessment framework.
  • Assessing existing organizational effectiveness and competencies
  • Designing the right organization structure aligned with the business
  • Implementing a robust governance and performance management framework including metrics and scorecards
  • Leading the change management program
  • Implementing a procurement support infrastructure — acquiring resources and tools
  • Assessing and improving processes and policies for all source-to-pay functions
  • Reviewing technology requirements and implementing best-fit solutions

RECOMMENDED

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White Paper

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Technology and transformation clearly go together. But which one drives the other? Do you embark on a transformation project then look for technology solutions?

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