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.
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.