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This Week in Consulting

Wednesday, May 15th, 2019

A Tool for Every Job: How the Right Digital “Power Tools” Can Promote Procurement Transformation

THIS WEEK’S MUST READ

“Once upon a time, procurement organizations had to resort to a motley assortment of “best-of-breed” technology solutions — a contract management application, a sourcing solution, an e-invoicing tool — in the quest for digital transformation. But recent surveys of CPOs indicate increasing recognition that a single, unified source-to-pay solution is “the right tool for the job” — providing a more modular, flexible and user-friendly technology approach that can radically transform operations and redefine value within the function.”

This Week’s Must Read  : This new paper from Supply Management Insider and GEP  explains how procurement teams can reach new heights of efficiency and effectiveness when their digital tools enable true versatility, collaboration and responsiveness to customer needs

Read on to Find out More: “A Tool for Every Job: How the Right Digital “Power Tools” Can Promote Procurement Transformation“, GEP


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THIS WEEK’S VIDEO:

For most companies, procurement is an area of significant under-investment. So how do you convert your traditional “purchasing” department into a self-funding, ROI-generating strategic asset? 

INDUSTRY NEWS & INSIGHTS

THOUGHT LEADERSHIP

  • Eight levers for driving M&A value through the supply chain: The procurement function typically delivers 50-70% of cost synergy targets.  Yet supply chain integration often is not considered until late in the deal lifecycle. A thoughtful and tightly executed plan to capture this value in the supply chain can not only help deliver on short-term cost synergy targets, but also set up the organization for long-term profitability.  | Jeff Schlosser, Abhi Ahuja, EY
  • Digital Procurement: Purchasing is specifically challenged to capitalize on digital transformations, which represent the opportunity to cross the next frontier of cost optimization and achieve previously unheard-of cost savings. There moreover exist greater efficiencies to be gained in how the procurement function operates. | Xavier Nouguès, Thierry Mennesson, Steve Scemama and Denis di Vito, Oliver Wyman
  • Demystifying Artificial Intelligence: Artificial intelligence is receiving a lot of attention, as it has the potential to not only transform value chains but also disrupt entire industries. This poses a real threat to companies that hesitate to investigate the potential of AI. Unfortunately, the actual use cases of AI are far too often clouded by hype and misunderstandings.  | Mark Jensen, Implement Consulting Group
  • Procurement is going digital, but not overnight :While many companies are accelerating e-procurement, businesses are still dealing with such roadblocks as limited technology budgets and lack of expertise in data management.  | Mark Brohan

EVENTS

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CONSULTANT CORNER

CONSULTING CAREER

  • All About Operational Consulting: Moving Beyond PowerPoint to Add Real Value to Companies? What if you want to advise companies but you think that traditional management consulting and investment banking add no value? | Nicolas Doumenc, Wild is the Game
  • 10 Essential Skills Needed to Make an Excellent Consultant: If you are embarking on your career or taking your first steps into the world of work, here are the top ten skills needed to be an effective consultant.  | ROJO

CONSULTING JOBS

  • Are you a Consultant with Supply Chain background or prior experience working in Retail/CPG? This may be the opportunity you have been long for. A Client of Consulting Quest – an Asia-based small Global Consulting Firm – is seeking to hire an Engagement Manager to join their newly established office in New York City.  Learn More  

About Consulting Quest

Consulting Quest is a global, performance-driven consulting platform founded in 2014 by former members of top 10 consulting firms with the objective of reinventing consultancy performance. With a worldwide presence and a range of proprietary performance measurement tools, we help companies navigate the consulting maze. We work with Consulting Clients to increase their performance through consulting and Consulting Providers to help them acquire new clients and to improve their performance.

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