World-class procurement organizations can reduce a company’s purchasing cost base by an average of 8%–12% and deliver additional annual savings of 2%–3%. Bain works closely with your team to identify and realize savings across all spend categories and procurement levers. Along the journey, we build your organizational capabilities to sustain procurement gains over the long term.

The process

Engagements begin with an assessment of the current state and effectiveness of current procurement resources, processes, and automation. We then perform analytics on the current expenditure categories, including associated sourceable spend, transaction volumes, vendor relationships, product catalogs, and contract leakage.

Our Procurement Roadmap will provide actionable recommendations, based on your specific business requirements.

• Organizational Alignment and Integration, including structure, integration, roles, responsibilities, and the associated ROI of each implementation phase.
• Category Management, based on savings potential, required expertise, and the existing environment
• Procurement workflow, including the requisition and procure to pay process, contract administration and vendor management, inventory and asset tracking, and required automation and integration to the existing systems.
• Metrics and Measurement to ensure savings realization and validation, and to optimize organizational ROI.