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Procurement transformation
The growing importance of procurement
The procurement function is evolving to be a competitive advantage for leading organizations. Procurement functions are being tasked with more complex problems and asked to deliver organization-wide value broader than supplier sourcing. Leading procurement functions should automate tasks and build a wide set of capabilities to improve supplier performance: category strategy, supplier & risk management, diversity and sustainability.
PwC can help you adapt to these changes and future-proof your procurement function for what comes next. By uniting people + technology, we can help you identify and unlock opportunities that create value and transform how you do business. We can help you harness advanced analytics, create new operating models and find new ways to manage third-party expenditures.
What are effective procurement strategies?
Automate routine tasks to focus on the strategics
Procurement organizations are experiencing pressures to improve productivity without increasing headcount, while at the same time managing larger scope and more complex spend categories. Leading class procurement organizations are implementing improved Source to Pay (S2P) technology in order to increase productivity. PwC can help you implement S2P technology and process transformation. Our team also offers Procurement-On-Demand, to manage your procurement function while training your team for the future.
Implement robust business continuity plans to reduce supply chain disruption
Geopolitical threats, congestion in shipping lanes and rapidly changing consumer demands are driving organizations to build a more resilient supply chain and effective sourcing strategy. In doing so, companies should balance cost structure, quality and proximity to plants/end users. Leading organizations are reviewing their value chains to identify failure points and optimizing sourcing strategies to confirm material availability and service continuity. PwC can help you reduce supply risk by developing and executing category strategies optimized based on your unique situation.
Mitigate cost surges due to inflation
Supply chain organizations are having difficulty achieving annual savings targets as the cost of input materials has increased. Inflation reduces the buyer’s leverage, purchasing power and ability to negotiate cost reduction opportunities with their suppliers. Procurement organizations are looking for a balance of quick-win and transformational opportunities to survive in this market. Leading companies are employing a combination of supply, demand and process levers to reduce spend footprints. PwC can help you (1) conduct advanced spend analytics to improve decision-making (2) build a prioritized opportunity roadmap and (3) execute category strategies / strategic sourcing to reduce costs.
Mobilize your supply base through the ESG journey
As organizations strive to meet regulatory, customer, investor and employee expectations by setting and achieving aggressive ESG targets, it is becoming increasingly important that they are able to mobilize their supply chain and supply base in support. From decarbonizing to reducing social risks to increasing supplier diversity, it is critical that companies are focused on monitoring, managing and motivating their suppliers along this journey. PwC can help you baseline your current state, develop right-sized goals, build the roadmap to bridge the two and roll up the sleeves to execute the hard work to meet those goals successfully.
Take a strategic approach to sourcing tax considerations
Organizations today are re-assessing where and how they structure their global sourcing organizations to deliver optimal value. Key to their success is being strategic about tax considerations when setting up and expanding sourcing capabilities and operations in regions that offer incentives to ‘set up shop’ and then utilizing the right set of tax structures to reduce tax burdens both domestically and internationally. PwC can help you leverage learnings to build our differentiated toolkit that bridges operations, tax and sourcing teams to help position you for long term success.
Digital procurement enabled by trusted collaborators
Coupa
Coupa’s Business Spend Management Platform unifies supply chain, procurement, payments, and treasury capabilities into a single solution that maximizes value across these functions. As a Coupa Premier collaborator, PwC helps transform clients into leading S2P organizations through deep cross-functional and Coupa knowledge, accelerating value realization with a focus on adoption, change management, and supplier enablement. Also, we support long-term functional and technical client needs through our Coupa managed services.
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