ALM Intelligence names PwC as top-ranking provider for depth of services and Best in Class for strategy
Procurement operations is evolving past the traditional siloed approach and, instead, being utilized as a key lever in overall business strategy. This expansion of the function is largely driven by digital innovation and cost savings, enabling the value of the procurement function to be more widely understood.
The ALM Vanguard of Procurement Operations Consulting Providers assesses firms in terms of their relative ability to create impact for their clients.
ALM has noted PwC has foremost in depth of procurement operations consulting capabilities. Per the report, “PwC possesses a strong depth in procurement operations advisory capability, complemented by a notable breadth of services that tie into its other capability areas. The firm’s ability to rapidly provide on-demand surge support resonates with clients seeking quick and adaptable solutions.”
PwC was ranked Best in Class for Strategy, “PwC’s approach to procurement operations advisory leverages the firm’s significant strategy capabilities, found primarily in its Strategy& division. The firm’s Fit for Growth methodology provides a strong roadmap for strategic execution, aligning capability development to overall business strategy. Additionally, the integration of the firm’s advisory capabilities for pricing, production, and HR strategy provide strong, enterprise-wide strategic planning support.”
Matthew A. Merker, author of the report, assesses PwC’s understanding of their clients’ needs, “PwC approaches procurement operations advisory with an understanding that the growing complexity of the operation from internal and external factors places increasing pressure on clients within the function to be more agile, productive, and strategic. The firm guides clients through key decision points to optimize procurement operations, such as operating model design and S2P processes.”
Merker continues, “The firm achieves these goals with clients through organizational design to break down silos and create enterprise-wide processes for optimized procurement with improved spend transparency that captures the value add of a well-designed procurement operation. Recognition of that value leads to improved credibility of procurement within an organization, elevating the role to a more strategic function via the firm’s efforts to integrate procurement with client business strategy during the transformation process.”
Eric Dustman, Operations Strategy Leader, PwC Strategy&, stated, “We are honoured to be noted for our operations procurement strategy and depth of capabilities. Our goal is to help clients turn procurement into a strategic, commercially-focused capability that, in turn, becomes a core part of overall strategy and becomes a competitive advantage in the marketplace. Operations can and should be a strategic asset, bringing together industry, functional and technology depth to close the gap between ideas and results.”
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