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.”

Top Procurement Consulting Companies

Proxima helps the clients to optimize their external costs, making sure that each $, £, and € is productive and can enhance business performance. As a knowledge aggregator with the specialist delivery engine, the company supports either by delivering entire procurement programs or by working with the in-house team. The company partners with finance to ensure savings that are delivered are real, sustainable, measurable, and signed off by the finance and business stakeholders. Worldwide they have two hundred and fifty procurement specialists helping some of the world's most highly recognized businesses to become better, by delivering or transforming procurement

TrinityP3 solves complex challenges in procuring and managing marketing services and solutions. It have undertaken numerous projects at market and multi-country levels with various financial, telecommunication, and service-based companies. The company helps people to achieve commercial purpose through creative process. It had carved a niche in providing tailored solutions for various marketing, media, and advertisement challenges to achieve improved business outcomes for its clients

A.T. Kearney

A.T. Kearney

A.T. Kearney is one of the trusted advisor to the top-notch organizations across India. The team is bounded with culture collaboration and excellence, which help the consultants to offer innovative and precise solutions to their clients, providing them with both long-term and short-term benefits. The company offers advisory service in digital business, marketing and sales, operations, analytics, innovation, organization and transformation, procurement, and many other areas. The company has also launched an exciting new platform, known as A.T. Kearney Answer. This is an online forum where anyone can submit their business-related questions, and the firm expert will offer an answer

Denali

Denali

Denali is a part of the WNS team, and together, they bring the industry-leading procurement solutions to the broader Business Process Management(BPM) marketplace. They deliver top-quality global sourcing and procurement solution to some of the world's leading brands across key industry verticals. Denali provides end-to-end procurement services to its clients, which includes sourcing support, payment processing, category management, and transactional procurement. The company's main priority is their client, and they ensure that they address their necessities and also work within the client systems, infrastructure, and process. Thus bringing continuous recommendation and improvement in technology automation to fill the gaps

DSSI, LLC

DSSI, LLC

The root of DSSI's goes back to the early 1990s when a group of purchasing executives from the Automotive, Consulting, Consumer Goods, and Technology founded a Source-to-Pay to the services company supporting the indirect purchase. The company is always working to share the details regarding their progress, capabilities, and thoughts with the industry analysts. The service was designed to support the entire Source-to-Pay process and beyond. The procedure delivers rapid and sustainable improvements in indirect purchasing while allowing the clients to take advantage of the existing sourcing and purchasing related investments

Efficio

Efficio

This procurement consultancy is operating across ten offices in North America, the Middle East, and Europe. Efficio helps the organizations to reduce cost, improve their internal processes, and upskill their procurement teams so that they can realize cost-saving faster. The company has its headquarter in London and offices in Abu Dhabi, Dusseldorf, New York, Toronto, Copenhagen, Geneva, Paris, Milan, and Riyadh. The company identifies, delivers, and sustain savings by using the Procurement Engine, which is an efficient deployment model combining knowledge, people, and technology. The heart of their technology is made of collective procurement knowledge and category expertise of their experienced consultants

Gibson Consulting

Gibson Consulting

Headquarters in Chicago and having an experience of 40 years Gibson Consulting is an operational consulting firm. The firm focuses on the implementation of global supply chain and purchasing, transportation logistics and distribution, sales and marketing improvement, and manufacturing efficiency. All of these operations are linked through skill-based training. The organization specializes in serving Fortune 1,000 manufacturing companies, private equity groups, and privately held distributors and manufacturers across the industries. The company understands the challenges that businesses face in the dynamic global economy and also knows that every business is different. Therefore, their strategies and solutions are also not presumptive, and they come up with unique solutions according to the need of the business

Insight Sourcing Group

Insight Sourcing Group

Insight Sourcing Group was founded in 2002, and it is a premier management consulting firm that focuses exclusively on strategic sourcing and procurement-related services in North America. The firm works with senior executives and procurement leaders for accelerating strategic sourcing savings, increase spend visibility, provide category intelligence, and implement procurement best practices. The company has also developed a market-leading spend visibility technology called SpendHQ. This technology provides on-demand spend visibility to drive strategic sourcing results and on-going analytics to measure performance and compliance. Over a short period, Insight Sourcing Group has worked with hundreds of corporate clients of all sizes and over fifty Private Equity firms

Source One Management Services

Source One Management Services

Source One believes in the strategic value of Procurement and empowers their clients to pursue best-in-class by providing the category expertise, market intelligence, procurement best practices, and flexible resource models to achieve their desired end state. The company is a different breed of Procurement services provider. Their consultants are highly- experienced, and specialized as they may it possible for the Procurement teams in any industry to develop efficient operations, reduce costs, and boost their category expertise. Source Once will ensure that their client's company is on the right track with their leveraging unparalleled market intelligence and years of cross-category best practices

The Hackett Group

The Hackett Group

An intellectual property-based strategic consultancy and leading benchmarking and best practices the Hackett Group offer smart automation and enterprise application to their clients. The services provided the company consists of enterprise analytics, working capital management, business transformation, and global business services. They also provide with expertise in operations, finance, business strategy, information technology, and many other services. Hackett Group was founded in 1991 and was acquired by Answerthink, Inc in 1997, later in 2008 Answerthink was renamed as The Hackett Group. The company their global offices in Europe, the United States, Asia-Pacific, and is publicly traded on the NASDAQ as HCKT