Sourcing & Procurement Transformation In today’s ever-changing and complex business environment, Sourcing and Procurement organisations, inclusive of Source to Pay (S2P) functions, play an increasingly critical role in enabling operations, supporting growth and sustainability, managing risk and resilience, and reducing costs and working capital. Successful S2P functions address today’s needs and have the foresight to plan for tomorrow’s challenges and opportunities. Protiviti helps transform procurement functions from a purely transactional activity to a strategic enabler by combining deep expertise across source-to-pay leading practices, business transformation, technology/digital enablement, and industry expertise with our proven approach and methodology, advanced analytics, and our passion for delivery excellence. Our professionals help organisations understand current opportunities while looking ahead to understand what is coming next and designing the necessary capabilities for the future to maximise profitability, cost savings, process efficiency and effectiveness. We help clients address today's needs while planning for tomorrow's challenges and opportunities Our Sourcing and Procurement consulting services Pro Briefcase Sourcing & Category Management Realise cost savings opportunities and ensure value from sourcing activities through effective sourcing and category management. We help create category plans and sourcing strategies that align with business objectives and financial goals to optimise long term benefits. Pro Building office Procure to Pay Optimise your entire procurement and accounts payable cycle to maximise control and efficiency while minimising risk. Our procure to pay experts help organisations transform end-to-end processes and related systems while improving the internal stakeholder experience. Pro Document Consent Contract Lifecycle Management Streamline, automate and manage your enterprise-wide Contract Lifecycle Management process. We help our clients increase efficiency, contract compliance, and revenue while mitigating risk and reducing cycle times, administrative costs, and external spend. Pro Document Files Supplier Lifecycle Management Take an integrated approach to your supplier lifecycle management to drive efficiencies across the value chain. We assist our clients assess, design, and implement leading supplier management and third-party risk management (TPRM) programmes across the supplier lifecycle. Procurement as a Service Improve efficiency, effectiveness, and resiliency of your daily operations while managing capacity and internal costs. We blend consulting and operational expertise to deliver solutions for growing backlogs, lack of bandwidth, or skill sets within Sourcing and Procurement. Protiviti ProView ™ Assess process and control performance, improve cash and working capital management, and find opportunities for cost recovery. ProView utilises AI based analysis and visualisation to quickly identify and isolate P2P transactional improvement opportunities and root causes. Our Approach Using our proven methodology, data and analytics, and collaborative approach, our team of experts help transform sourcing and procurement departments to lead organisations in driving innovation and generating real value with bottom-line results through:Advanced, proprietary, and value focused process analyticsInsights through benchmarking and leading practices gap analysisExpertise across S2P technology and automation to drive optimisation Functional expertise to design and deliver sustainable improvementTo drive key business outcomes of:Increased stakeholder satisfaction, efficiency, agility and responsivenessValue creation through sustained cost reduction, cost recovery, compliance, and improved process performanceIncreased data integrity, visibility and reporting for decision makingProcess and transactional excellence, optimisation and automationImproved controls, risk management, and compliance through enforced policies, business rules, and security/access Procurement Operating Model Protiviti’s Procurement Operation Model can be used as a guidepost as organisations seek to transform the sourcing and procurement functions to maximise value delivered to the Organisation. Leadership Chris Monk Chris is a Managing Director and one of the leaders of the Global Supply Chain Solutions practice at Protiviti. He has over 18 years’ experience in supply chain, both within industry and serving clients as a consultant. He has a proven track record of analysing, ... Learn More Featured insights PODCAST Podcast | Strategic Sourcing: Gaining Advantage, Mitigating Risk – with Lucas Manganaro Supply chain management continues to be a hot topic in countless organisations in light of ongoing geopolitical challenges, evolving impacts of climate change, new tariffs, changing labor markets, and much more. How can supply chain and procurement... INSIGHTS PAPER Strategic Sourcing: Gaining Advantage, Mitigating Risk A shift in mindset to a strategic sourcing strategy anticipates and mitigates supply chain risk while improving resilience and responsiveness, still aiming to reduce total cost of ownership. NEWSLETTER Why Boards Should Care More About Geopolitics Than Ever Before Geopolitical risk seems higher than at any point in recent memory. Managing this risk effectively should be a core competency for all businesses — and the board should lead the way.After decades of globalisation shaping the world order, businesses... PODCAST Podcast | Strategic and Sustainable Sourcing – with Radhi Subramanian and Debjani Mallick An increasingly important issue for board members to address today is sustainability – specifically, sustainable sourcing and operations. These challenges not only have global compliance implications, but also brand and reputation issues, which are... Button Button Featured client stories Global Payments Leader Improves Contract Lifecycle Management Processes Protiviti helped our client select and implement a lifecycle management system including PMO activities, process design contract and business requirements documentation, legacy contract data extraction, super user training and UAT.... Resource backfill, technology and process change drive state procurement improvements Many institutions in the public sector are faced with improving the efficiency and responsiveness of their services and operations to better serve stakeholders and the public. High turnover and lengthy recruiting cycles are creating both a loss of... Protiviti helps global energy conglomerate complete a complex integration of an E&P target Rising energy prices and the resulting profitability typically generate a flurry of merger and acquisition activity in the oil and gas sector. The deals frequently target organisations that are independent and entrepreneurial in spirit — companies... Global Multimedia Organisation Transforms Sourcing and Procurement Function and Saves Millions Using spend analytics findings, Protiviti helped the client build and strengthen a procurement department with a custom procurement taxonomy. Working with the client’s first procurement leader, we helped secure an e-sourcing tool. A National Retailer Takes on Inventory Shrink to Improve Margins Protiviti created a transparent end-to-end process flow by identifying gaps and providing recommendations for improvement and savings. A data deep dive reviewed elements of sales, markdowns and shrink data and a statistical analyses of shrink,... Managed Solutions Generate a Lean Contracting and Procurement Operation Develop an integrated contracting and procurement program, leveraging customised managed solutions to meet your organisation's unique needs. Eliminate the cycle of contractors and onboarding costs.... Offshore Drilling Firm Finds Major Savings Through Source-To-Pay Assessment, Spend Analysis, Category Management Protiviti conducted a complete source-to-pay assessment, from spend analysis and contract management to procurement function governance; implemented a spend analytics platform to conduct analysis to create a sourcing wave plan; implemented a category... Process Transformation Generates Millions in Cash and Working Capital Improvement Discover how process transformation enhanced working capital by $24M and streamlined operations in a global energy firm. Getting Smart About Sourcing: How One Educational and Resource Institution Rebuilt Its Procurement Organisation Discover the transformative journey of an educational institution's procurement overhaul, where strategic sourcing was key. Optimising processes and leveraging spend, they identified $72M in savings potential. Button Button
