Sourcing & Procurement Transformation In today’s ever-changing and complex business environment, Sourcing and Procurement organizations, 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 organizations understand current opportunities while looking ahead to understand what is coming next and designing the necessary capabilities for the future to maximize 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 Realize 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 optimize long term benefits. Pro Building office Procure to Pay Optimize your entire procurement and accounts payable cycle to maximize control and efficiency while minimizing risk. Our procure to pay experts help organizations 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) programs 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 utilizes AI based analysis and visualization 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 organizations 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 optimization 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, optimization 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 organizations seek to transform the sourcing and procurement functions to maximize value delivered to the Organization. Leadership Chris Monk Chris is one of the leaders of the Global Supply Chain & Operations practice and the leader of Protiviti’s Sourcing and Procurement offering. With over twenty years’ experience, Chris has a proven track record of analyzing, improving, and transforming organizations ... Learn More Holly Lindstrom Holly is a Director within our Business Improvement Process with a specialty in our Supply Chain Practice. Prior to joining Protiviti, Holly spent 5+ years at Target Corporation, focusing on Global Strategic Sourcing, Product Development, and Project Management. Since ... Learn More 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 globalization shaping the world order, businesses... SURVEY 2023 Global Finance Trends Survey Explore Protiviti’s 2023 global finance trends survey with expert opinions, financial forecasts, and financial risk assessments. Download the full report. BLOG Unleash the Power of Sustainable Sourcing in Supply Chains Sustainability often starts in the supply chain. Without an effective sustainability program within the sourcing and procurement and supply chain functions, the rest of the environmental, social and corporate governance (ESG) footprint can quickly... WHITEPAPER Procurement Transformation Fuels Supply Chain Resilience Discover how procurement transformation fuels supply chain resilience. Learn the key steps to adapt procurement practices for a post-pandemic world. BLOG Meeting Digital Retail's High Customer Expectations Means Being Clear-Eyed About Weaknesses, Capabilities The big picture: Today’s digital retail consumers have little tolerance for organizations that do not meet high customer service standards for accurate and timely fulfillment of orders. Transparent and real-time communications about order status have... Button Button 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 organizations that are independent and entrepreneurial in spirit — companies... Global Multimedia Organization Transforms Sourcing and Procurement Function and Saves Millions In many organizations the procurement function is thought of purely as an administrative function and cost center, but addressing opportunities in this area offers a chance to add significant value to the organization. Investment and focus on the... 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,... 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... 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... Button Button