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This Week in Consulting

Wednesday, January 30th, 2019

Charting the course: Why procurement must transform itself by 2020

THIS WEEK’S MUST READ

“The first step in the journey to 2020 will be to fully understand how the procurement landscape is shifting around us, often more radically and quickly than we might first imagine. Even in the past year, procurement leadership uncertainty has increased across sectors at a rapid pace.”

Procurement organizations experienced the first steps on this journey in recent years, but in the decade ahead there will likely be a dramatic shift that will be eye-opening by comparison. In 2020, new capabilities and competencies will likely be mandatory. Organizations that fail to embrace new procurement models may fall further and further behind the competition, jeopardizing overall competitiveness and viability.

This Week’s Must Read features an insight piece from Deloitte, where the consultants discuss why existing procurement maturity models may no longer apply in 2020 and proposes a new framework for procurement success.

Read on to Find out More: “Charting the course: Why procurement must transform itself by 2020 “, featuring Brian Umbenhauer and Scott Sopher from Deloitte.


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THIS WEEK’S VIDEO:

In this Briefings Direct podcast, Dana Gardner of Inter arbor Solutions and his panelists explore the ways that rapidly evolving technology is impacting the future of procurement.

INDUSTRY NEWS & INSIGHTS

  • A.T. Kearney has acquired business analytics and data management consultancy Cervello for an undisclosed fee. Cervello’s team of 120 data engineers, data scientists, and developers – some of whom are based in London – will work with A.T. Kearney’s consultants to bolster client performance and transformation programmes. | A.T. Kearney
  • BigChange accelerates Scales-up plans with two acquisitions: Professional services firm BigChange has completed a deal to bring UK supply chain consultancy Labyrinth into its fold. The move comes as part of a twin deal, which also adds Trace Systems, a logistics software firm, to BigChange’s global offering. | BigChange
  • Farnborough-based IT consultancy Virtrium Consulting has joined Chaucer, a digital transformation consulting firm based in London. The deal creates a combined group of more than 300 consultants in the UK and US, generating a turnover of over £35 million. | Consultancy.uk
  • MCA Announces Finalists for 2019 Leading Consultancy Awards :After a competitive due diligence on project and consultant cases submitted for the Management Consultancies Association’s 2019 Awards, the jury have picked the finalists. Over the next few weeks, a team of expert judges will assess which nominees will win the battle for the prestigious industry prizes. | Cision PR newswire

THOUGHT LEADERSHIP

  • New Methodologies in Supply Chain Management Solutions for the 21st Century: Among the top trends of supply chain management, there is a possibility of the emergence of a closed loop supply chain. Sometimes referred to as a cradle-to-cradle (C2C) supply chain, a zero-waste supply chain that re-uses all materials. Though supply chain management practices are growing rapidly, there are challenges to be addressed.  | GEP
  • Trends in Supply Chain Management:Supply chain management is all about meeting customer demands in a way that is profitable and sustainable. As demands change, so must supply chains so that they can be managed and operated as needed. Here is how the supply chain will change in the next decade. | Yuval Barak, Tefen
  • Supply chain innovation in a digital world: Emerging digital technologies are disrupting all industries by attracting new entrants and competitors who operate under different rules and deploy new technologies more rapidly and skillfully. This is increasing the pressure on supply chains in traditional companies and requires a fundamental rethink of the concepts of supply chain management and supply chain strategy.  | Dr. Mervyn G. Maistry & Christian Neumann, Ey
  • The key procurement and Technology trends:2019 is set to be a seismic year around the world. Major changes, such as further geo-political upheaval, the looming spectre of global trade wars and tariffs aplenty, have the potential to disrupt supply chains and set metaphorical trip wires for procurement professionals everywhere. It’s rarely been more important to get a solid grip on the key factors in the market and external environment.  | Euan Granger, Glasgow City Council

EVENTS

Consulting Quest wishes to organize a series of webinars with experts, if you are interrested and / or if you wish to make your contribution, please contact us by clicking below. Thank you !

Interested in Submitting?

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CONSULTANT CORNER

  • How to Earn a Seat at Another Company’s Innovation Table:How do consultants emerge from the crowd as qualified partners worthy of trust? It all comes down to their ability to convince clients that they’re relevant, credible and differentiated. | Rob Biederman, Catalant
  • Procurement set to grow its influence in 2019 : Here is procurement leaders’ latest thoughts on the trends that would shape the function in 2019. Procurement’s influence will rise as it helps the business drive growth in an era when it is contending with a range of challenges. | Tim Burt, Procurement Leaders

CONSULTING CAREER

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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