Top 10 Procurement Consulting/Services Companies - 2019
Today, the growth of the procurement market is largely driven by the rising use of cost-effective procurement technology to streamline the enterprises’ operational efficiency in the manufacturing processes. With this, many companies are stepping up their game to deliver higher quality procurement management services at a lower cost with better features, and in shorter production time. Starting from supplier management, spend analysis to Procure-to-Pay (P2P) and Source-to-Pay (S2P) process management, the service providers have it all covered this year.
As the procurement realm embraces newer technology in 2019, the use of artificial intelligence (AI) is emerging as more organizations are looking for competence, manufacturing quality, on-time delivery, and production effectiveness. By deploying intelligent multiple pre-packaged procurement bots, the AI specialists in the market are aiming to successfully accomplish procurement task with minimum human involvement. To further enhance the robustness of the procurement tech domain, IoT based services are gracing the market at a pivotal speed. Especially for an operation like real-time asset tracking and fleet management, service providers are using IoT-enabled RFID and GPS remote sensors connected to the shipments, which help them get real-time updates on the product from the store to the floor.
To help companies in this endeavor, CIOReview brings to you a compilation of this year’s leading procurement consulting/services companies, who are bringing in refreshing perspectives to using existing technology and shaping the market trends.
We are glad to feature TrinityP3, a global marketing consultancy firm that is addressing challenges associated with optimizing the procurement processes as well as the costs involved with its innovative business model and go-to-market approach by creating a win-win situation for both the marketers and the agencies. Another featured company, Proxima is streamlining the procurement process by aligning deep functional expertise with client needs. The firm specializes in analyzing spend and maximizing procurement’s contribution to meet organizational goals and improve business performance.
With several innovative technological capabilities, these firms are continually proving their mettle in the procurement services landscape. We hope this issue of CIOReview helps you build the partnership you and your firm needs to gain a comprehensive understanding of the procurement process and how companies can streamline it to strategize growth.
We present to you CIOReview’s “10 Most Promising Procurement Consulting/Services Companies – 2019.”