Procurement challenge

Procurement

In today’s climate of volatility and global disruption, business leaders who prioritize procurement can achieve significant competitive advantage. Our procurement consulting experts help clients establish efficient operating models—powered by AI and analytics—to beat inflation, meet sustainability standards, strengthen supply chain resilience, and more.

With hundreds of procurement projects completed across industries and geographies over the past five years, BCG’s procurement consulting experts know how best to help companies chart a course to buying differently—and in a better way. They blend deep sector-specific knowledge with expertise in procurement best practices—both traditional and new—as well asdigital transformation.


BCG’s Approach to Sourcing and Procurement

Building relationships remains important to sourcing and procurement, but personal experience must be balanced with a rules-based process that uses digitization—such as AI-powered and analytical solutions—to speed up outcomes and reduce costs. Creating value requires enablers and a strong data foundation. To implement an effective digital procurement strategy and take full advantage of the opportunities that digital offers, BCG helps sourcing and procurement leaders define the core value that their function brings to the organization.

To identify the investments needed to create value, through increased savings, quality, speed, innovation, sustainability, and risk mitigation, we examine your organization’s strategic priorities and assess itsdigital maturity, including opportunities to unlock approaches that combineAI, technology, and human capabilities.

Using our extensive library of client use cases to speed our work—and tapping into the complementary capabilities ofINVERTO, a BCG specialty business that focuses on procurement andsupply chain management—we then select and run use cases that match your specific needs. The results help pinpoint technology interdependencies and anticipated pain points, which in turn helps shape your custom数字的路线图. To turn that roadmap into reality, we work withBCG Xto develop and deploy user-centric digital solutions, address users’ needs, and help generate value.

USING AI TO BUILD NEEDED SUPPLY CHAIN RESILIENCE

THE NEW PARETO: FOCUSING ON SUPPLIERS INSTEAD OF CATEGORIES


Change Management Is Inherent to Our Procurement Approach

Change managementis critical to ensuring that procurement becomes a source of competitive advantage. It is integral to almost all of our procurement projects. To ensure that results are swift and sustainable, we work side by side with your teams so that they are clear on what procurement achieves in savings, sustainability, and competitive advantage. We are here to answer questions, integrate team-specific needs, and overcome pain points.


How BCG Works with Organizations to Reach Sustainability Milestones

供应商必须符合全面的城市ntal, social, and governance (ESG) legislation and directives. But meeting requirements isn’t enough. Leading companies across industries are already pushing beyond merecompliance,and are working to CO2-positive supply chains and socially responsible procurement. To deliver value throughsustainable operations,our procurement consulting team supports companies in:

    • Translating company targets into supplier targets
    • Defining relevant measures
    • Building the abatement curve with a clear business case mindset
    • Setting up relevant measurement systems
    • Integrating sustainability into procurement’s target operating model and KPI set
    • Upskilling procurement teams and suppliers to accelerate Scope 3 decarbonization efforts through ourSupply Chain Net Zero Academy
    ProfitfromtheSource - 3D Jacket_square.png

    Profit from the Source: BCG’s New Book

    To succeed in challenging times, CEOs must do the seemingly impossible: capture cost savings while achieving additional competitive advantages, including innovation, sustainability, and resilience. CEOs can do all of this by taking what may seem like a surprising step: empowering their procurement function to liberate new value from their top supplier relationships.

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    Explore Our Insights on Procurement

    Article

    Seven Forces Reshaping Procurement

    To support their company’s strategic decisions, procurement leaders should monitor a wide variety of trends that affect supply availability and costs.

    Meet Our Procurement Consulting Leaders

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