Sourcing strategies must continue to evolve
PwC is rated as a Vanguard Leader in ALM’s report on Sourcing Strategy Consulting
As the procurement operations segment of clients’ businesses continues to evolve, so too must the sourcing strategies that set the parameters for those operations and the execution of that strategy. Digital tools continue to be in high demand due to their increasing utility in faster decision making while supply market volatility and the ways of thinking about supplier relationships in the new paradigm continue to impact business strategy.
The author of the report, Matthew Merker, comments on PwC’s strengths, stating that “Approaching the market with rapid transformation as a key element to success, PwC’s sourcing strategy advisory resonates well in a market of increasing volatility. The firm’s focus on value over cost in both its sourcing and procurement transformation initiatives provides a road map for clients that is aligned with overarching business strategy. Coupled with the firm’s global presence and local knowledge of suppliers, PWC provides strategic sourcing clients comprehensive advisory support.”
PwC is named ‘best in class’ for ’Management System.’ The analyst opines “PwC’s strategy-through-execution approach resonates well with strategic sourcing clients. The firm’s source-to-pay transformation works well in altering organisational thinking and motivating successful change management with a P&L perspective.”
Matthew goes on to say that “PwC’s sourcing strategy advisory is offered through its Sourcing and Procurement segment of its Operations team, composed of more than 800 dedicated global professionals. PwC approaches its sourcing strategy services with an understanding of the increasing complexity of the sourcing market and the speed at which this complexity changes, necessitating clients’ needs for rapid transformation capability. For its more progressive sourcing and procurement clients, PwC provides advanced solutions through digitalisation and cutting-edge strategy development.”
Rich Sheinfeld, PwC’s Principal, Strategic Sourcing Leader said: “We are really proud to be named a leader and to receive this recognition from ALM Intelligence. At PwC, we have a holistic approach to sourcing transformation and we provide strong strategic services tailored to what our clients need in order to remain competitive and agile when facing market volatility. Our global presence and knowledge of local supplier markets means we have what it takes to connect our clients’ strategy with execution.”
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Robert DonnellyPwC Global Analyst RelationsUnited Statesrobert.firstname.lastname@example.org+1 917 471 3355