Sourcing & Procurement Transformation

Protiviti’s experts help organizations identify opportunities, design, and implement best-in-class sourcing and procurement solutions

We help transform procurement functions from transactional activities to a strategic enabler by combining source-to-pay process, business transformation, and industry and digital expertise with our proven approach and methodology, objectivity, advanced analytics, and passion for delivery excellence.

In today’s ever-changing and complex business environment, sourcing and procurement play an increasingly critical role in enabling operations, supporting growth and sustainability, managing risk and resilience, and reducing costs. Successful sourcing and procurement functions address today’s needs and have the foresight to plan for tomorrow’s challenges and opportunities. To do this, leaders need to see and understand the inefficiencies, opportunities, and best-in-class solutions that exist throughout the entire procurement lifecycle: Strategic Planning, Spend Analysis and Strategic Sourcing, Contract Lifecycle Management, Procure to Pay, Supplier Lifecycle Management, and Category Management.

Our professionals excel at helping organizations understand current opportunities while looking ahead to understand what is coming next. The result is a trusted partner with shared guiding principles to help your organization maximize profitability and resilience.

Guiding principles:

  • Customer-centric
  • Risk protection and resilience
  • Spend management
  • Agility
  • Innovation
  • Decision support
  • Delivered value
     

We help clients address today's needs while planning for tomorrow's challenges and opportunities

Our Sourcing and Procurement Consulting Services

Business Operations

Protiviti transforms your business through our three-pronged approach of focusing on People, Processes, and Technology to identify opportunities to build intelligent operating models that drive sustainable long-term growth. For your business, this means creating Business agility, improving customer experience, cost re...

 

ProView

ProView provides clients with visibility to improve cash and working capital management, process effectiveness, and control performance across both order-to-cash and procure-to-pay activities.

 
US Solutions

Our Approach


Using our proven methodology, data and analytics, and collaborative approach, our team of experts help transform procurement departments to lead organizations in driving innovation and generating real value with bottom-line results.

Sourcing & Category Management

Our experts help companies ensure that value from sourcing activities does not erode over time, leaving significant value opportunities unrealized. Protiviti helps clients create category plans and strategies that align with business objectives, financial goals and optimize long term planning. We focus on:

  • Spend Visibility
  • Cost Savings
  • Category Insights & Strategies
  • Resilience & Risk Management

Procurement Transformation

We help our clients optimize the entire procurement cycle to maximize efficiency and value while minimizing risk. Our procurement transformation experts help maintain visibility and control over the end-to-end processes and related systems while improving the internal stakeholder experience. We do this through:

  • Transactional Discipline 
  • Process Automation & Operational Efficiency
  • Data Integrity, Analytics & Reporting
  • Policy & Spend Compliance

Contract Lifecycle Management

Enabling enterprise-wide Contract Lifecycle Management (CLM) capabilities to provide efficiency, risk management, and visibility of obligations across both buy-side and sell-side agreements. Protiviti provides organizations with the methodology, knowledge, and experience to improve the entire contracting lifecycle. We help our clients increase efficiency, contract compliance, and revenue while mitigating risk and reducing cycle times, administrative costs, and external spend.

  • Operational Efficiency & Technology Enablement
  • Contract Compliance & Risk Mitigation
  • Analytics, Searching & Reporting 

Supplier Lifecycle Management & Third-Party Risk Management

Combining thought leadership and expertise across sourcing and procurement, operations, regulatory, compliance, risk, and security and privacy in our Third-Party Management (TPRM) Center of Excellence, Protiviti has assisted organizations of all sizes and across industries in the assessment, design, and implementation of leading vendor/third party management programs across the vendor lifecycle:

  • Visibility of Risk Exposure
  • Segmented/Tiered Supplier Listing
  • Active Supplier Oversight & Monitoring
  • Regulatory Compliance
US Solutions

Key Partners


Through our alliance partnerships, we connect innovative services and technology with consulting expertise to optimize business performance.

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 analyzing, ...

BLOG

Blog Generic 4

High Stakes: Evolving Trade Rules Require Solid Third-Party Risk Management

Of all the difficulties that the coronavirus pandemic has imposed on U.S. organizations, replacing offshore suppliers and vendors that have temporarily or permanently closed their doors ranks high on the list. Finding third parties that can...
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BLOG

Blog Generic 6

Procurement Is a Key Player in Digital Transformation Initiatives and System Selection Matters

As companies embark on digital transformation and continuous improvement initiatives, procurement is increasingly considered one of the pillars of that transformation. More than just a necessary back-office operation, procurement plays a critical...
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BLOG

Blog Generic 1

Beyond Supply Chain Stopgaps: How Strategic Sourcing Can Drive Resilience in Today’s Market

Across the global economy, supply chains have been hammered by the pandemic, forcing businesses to restructure their procurement operations in order to build in resilience. Such restructuring often comprises a broad range of actions that may...
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PODCAST

The Promise of Blockchain in Supply Chain Management

The Promise of Blockchain in Supply Chain Management

In this 14-minute podcast, Protiviti Managing Directors Bernie Donachie and Ed Page discuss the applications and promise of blockchain in managing supply chains.
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A national retailer takes on inventory shrink to improve margins

A national retailer takes on inventory shrink to improve margins

At a price tag of almost $50 billion per year,[1] retail industry losses due to inventory shrinkage are significant. Measuring inventory shrink is a must because it directly impacts gross profit and businesses cannot improve on what they cannot...
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Global manufacturer of technology products revamps SIOP and warehouse operations to sustain growth

Global manufacturer of technology products revamps SIOP and warehouse operations to sustain growth

The best businesses not only build markets, they also continually improve their systems and processes to support that growth. That was the case recently when a major U.S.- based manufacturer of technology products realized its success was outpacing...
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How a collaborative procurement solution empowered an environmental nonprofit to source globally, act locally

How a collaborative procurement solution empowered an environmental nonprofit to source globally, act locally

Harnessing the purchasing power of a global organization can be a challenge, especially when centralized procurement is not the right fit. That was the conundrum facing a global environmental nonprofit headquartered in the United States. The...
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Procure-to-pay transformation at offshore drilling company delivers savings of over $30 million

Procure-to-pay transformation at offshore drilling company delivers savings of over $30 million

An offshore drilling contractor with operations on six continents was experiencing extreme delays in the procurement of goods and services, which also created payment processing challenges and high transaction costs to issue purchase orders and...
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Aerospace firm embraces holistic inventory transformation, saves millions

Aerospace firm embraces holistic inventory transformation, saves millions

A successful organization is one that can deftly coordinate its many moving parts, but, sometimes, even the best organizations can get out of sync. That was the case with an aerospace company and its inventory. The organization knew it was operating...
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