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This Week in Consulting

Wednesday,April 17th, 2019

How CFOs Can Effectively Engage Procurement to Maximize EBITDA

THIS WEEK’S MUST READ

“There needs to be a clear collaboration and partnership between procurement, finance, and the executive suite when it comes to meeting current business objectives.”

Modern CFOs are laser-focused on improving their company’s operating performance, often measured by EBITDA (earnings before interest, tax, depreciation, and amortization). Although there are a number of functions that can impact EBITDA, savvy finance chiefs recognize that the procurement function can be a powerful enabler for driving cost savings and operating efficiencies. While a better understanding of procurement is a logical path for CFOs, there are some challenges.

This Week’s Must Read  features a white paper from GEP, in which the consultants further explore the relationship between EBITDA improvement and the procurement process.

Read on to Find out More: “How CFOs Can Effectively Engage Procurement to Maximize EBITDA“, GEP.

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THIS WEEK’S VIDEO:

Deloitte’s 2019 Financial Services Industry Outlooks outlines financial services industry trends, critical business issues, and regulatory challenges.

INDUSTRY NEWS & INSIGHTS

THOUGHT LEADERSHIP

  • The Future of Procurement Technology: Mediocrity Is No Longer Acceptable -Procurement faces a wake-up call as tectonic shifts in technology threaten to completely alter the function, leading eventually to its automation. Companies have three options for embracing this major change.  | Hugo Evans and Stephen Easton, A.T. Kearney
  • 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
  • 5 Critical Procurement Trends that will Define 2019: For a long time, many organizations have based their procurement activity solely on reducing costs. Cost reduction is still important in 2019 but procurement teams need to place more emphasis on return on investment and be more strategic in their activities.  | James Duffy, Softco
  • 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 !

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CONSULTANT CORNER

CONSULTING CAREER

  • The Management Consulting Industry 2019 and Beyond: The multi-billion dollar industry is growing at a steady rate, but analysts predict downhill for the maturing industry. Should management consulting companies be worried? Read on to find out more. | Judy Caroll, Callbox Inc
  • 7 Recruiting Trends That Will Continue Into 2019: Last year several new recruiting tactics were introduced. This year, we’ve seen them adopted and implemented. And many of these modern methods will shape the hiring process in 2019.  | Direct Consulting Associates

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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