Top 10 Procurement Consulting/Service Companies - 2020

With a slew of robust digital technologies entering the market, the year 2020 is set to be a turning point for the procurement industry. Procurement officers are finally turning their backs on lost invoices and rogue receipts. Especially, with the incorporation of cloud technology, organizations are able to achieve greater levels of accessibility and control. Procurement using cloud technology is enabling CPOs to keep businesses costs under control, select the best suppliers, enforce company policy, while also appraising supplier risk.

Furthermore, it is also helping organizations reduce manual transactions throughout the procure-to-pay cycle, which is often time-consuming. Whether it is creating purchase orders, managing document revisions, or processing non-manual supplier invoices, cloud computing is making procurement a breeze. Cloud technology, combined with big data techniques, is facilitating seamless interconnectivity across the supply chain. Organizations are now able to access rich sources of data and generate insights that can drive cost reductions and drive value.

It is no secret that evolving technologies like big data are revolutionizing the procurement functions by giving procurement teams the ability to collect and analyze troves of data from both internal and external sources while enabling more accurate decision making, transparent supplier relationships, and better risk management. To effectively manage this transformation in the procurement space, organizations are incorporating the latest technologies into their every asset, operation, and interactions, thus turning their businesses into intelligent, digital-based enterprises.

To assist procurement businesses in the task of finding accomplished procurement solution providers and consulting companies, we have compiled this issue of CIOReview. It is elaborately crafted to assist you in fostering productive partnerships and improving performance. In this edition, we have listed the 10 most promising procurement solution providers and consulting companies to highlight those making significant contributions to the procurement sector. This edition also blends thorough thought leadership articles from subject matter experts, CIOs, and CXOs. We hope this issue of CIOReview helps you build the partnership you and your organization need to foster a workspace driven by robust and efficient technology.

We present to you CIOReview’s, “10 Most Promising Procurement Consulting/Service Companies – 2020.”

Top Procurement Consulting/Service Companies

Bain & Company is a global management consulting firm that advises leaders on strategy, marketing, organization, operations, IT, and M&A, across all industries. The company has expertise in strategy, marketing, organization, operations, information technology, digital transformation and design, advanced analytics, transformations, sustainability, corporate finance, and mergers and acquisitions across all industries and geographies

As a sought-after multinational procurement consultancy, Efficio caters to various clients, including blue-chip multinationals, private equity, and SMEs, through offices across North America, Europe, and the Middle East. The company's procurement competencies entail multi-pronged cost-optimization, organization and process transformation, and risk reduction, as well as special expertise in context to M&As. What distinguishes them in the marketplace is their global team of procurement experts delivering not only the strategy, but hands-on negotiations in their client’s most critical spend areas

Creates executable strategies to drive cost reduction, revenue improvement, and enhanced bottom-line performance by combining enhanced data analytics with deep subject matter expertise

ProcureAbility brings its 25 years of experience in the procurement space to support procurement teams with consulting, on-demand project support, staffing, recruiting, analytics, and intelligence

Xoomworks is a specialist procurement consultancy working with a range of global to mid-size organisations in UK, Europe, the Middle East, Africa and the US to effect procurement transformation

NetSource Technology

NetSource Technology

Delivering hard to find, obsolete, EOL, & highly allocated components with long lead times to manufacturers across the globe. NetSource is a global procurement organization and one of the largest independent stocking distributors of electronic components. They provide professional and supply chain solutions to OEMs and contract manufacturers worldwide. Their specialty is locating hard-to-find, obsolete, end-of-life (EOL) and highly allocated components with long lead times. They are focused on supporting customers throughout the complete supply chain lifecycle

PAAS Advisors

PAAS Advisors

PAAS is a technology firm, specializing in spend analytics, headquartered in the US, and servicing clients across the globe. They partner with companies from small to large utilizing analytics that incorporate valuable benchmarked data to accelerate the procurement lifecycle saving companies 15-30% of their technology spend. PAAS also offers additional services, such as negotiating on behalf of their clients, category and subcategory plans, the development of software licensing programs, and a “savings desk” option which provides quick validation to organizations ensuring that they’re getting the best optimal pricing and terms

Prism Energy Solutions

Prism Energy Solutions

Prism Energy Solutions helps businesses to analyze energy requirements and adapt modern solutions to fulfill their sustainability and environmental objectives

TrinityP3

TrinityP3

TrinityP3 is a unique name for a unique company. Trinity is their clients being marketers, procurement and agencies. Or more precisely Marketers & Advertisers (In fact anyone responsible for creative commercial growth) Procurement & Sourcing (this includes finance and everyone responsible for improving productivity) Agencies & Marketing Suppliers (and this is a growing group of traditional agencies, consulting firms, media vendors, marketing tech companies and more) P3 defines what they do and how they do it

WCS Consulting

WCS Consulting

WCS Consulting is the leading advisory, implementation, and development firm for digital supply chain solutions. They’re a premier SAP partner with deep expertise in SAP Integrated Business Planning. From demand management to inventory optimization, their proprietary algorithms and technologies deliver best-in-class performance and free up millions of dollars in working capital in the process. Their consultants are highly experienced, full-time employees dedicated to supply chain planning and procurement, with a track record in delivering solutions for mission-critical operations on a global scale