PwC was announced as a Leader in ‘Sourcing Strategy Consulting 2019’ by ALM Intelligence, a company that assesses consulting firms in defined markets on the basis of their breadth and depth of service capabilities and ability to deploy those across highly-complex client requirements.
According to the report, “With functional barriers across the value chain steadily collapsing due to greater digitally-enabled enterprise connectivity and transparency, more forward-looking companies view sourcing and procurement not as a standalone, vertical function but rather as a horizontal function, much like finance in its ability to look across the enterprise for opportunities to reduce costs and deliver value. As clients continue to improve and refine their operating models, they seek to push traditional boundaries, using advanced analytics and a deeper understanding of underlying costs and value drivers to move beyond tactical levers toward more innovative sourcing strategies and structural opportunities to improve organizational resilience to volatile external markets.”
Commenting on the leader status, ALM states that “PwC’s sourcing strategies examine the entire product lifecycle, finding multiple touchpoints for improved operations, cost savings, and product optimization. The firm’s suite of consulting capabilities geared toward this competency, including should-cost modeling, supplier workshops, and value engineering, among others, provides holistic solutions and informed strategic direction. PwC’s approach, integrating business, experience, and technology, helps clients alter their perception on operations and breaks down silos to create an enterprise-wide view that ultimately reveals further optimizations beyond sourcing strategy.”
Commenting on PwC’s approach, Naima Hoque Essing, Senior Research Analyst, Management Consulting Research at ALM and author of the report said: “PwC’s approach views sourcing as part of a larger agenda for procurement, product design, engineering and manufacturing to collaborate in driving broader opportunities for bring down costs while maintaining a positive customer experience.”
And commenting on service delivery, she says: “Service delivery centres on its product value management offering, which taps into resources including its expert network, product teardown capabilities, competitor benchmarking, and product costing software, to optimize costs based on design-to value methodology that combines a customer-centric perspective with engineering capabilities. The process draws out essential product attributes (performance features, costs) as boundary constraints in optimizing engineering decisions that improve overall profitability for the same customer benefits.”
Eric Dustman, Operations & Strategy Leader, PwC US said: “We are delighted to again be named a leader by ALM Intelligence. We believe that end-to-end strategies and solutions that deliver industry-leading performance in the near-term and sustainable competitive advantage are critical. We work side-by-side with our clients across a broad range of industries to transform operations and build capabilities systems that endure. Sourcing Strategy is a critical element in translating vision into reality, particularly in the context of increasingly complex and extended value chains. Ultimately, PwC's network expertise and hands-on experience help you to develop and deploy an integrated solution -- optimized costs, stable operations, automation, and accelerated growth. Crucially, efficient operations typically yield higher levels of customer satisfaction and profit growth.”
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