Sourcing & Procurement
Procurement in 2025 will look very different than it does today. This radical and rapid change is transforming how organisations source and procure the various goods and services they need to operate. As a result, new strategies, skills, knowledge, and tools are emerging to address today’s and tomorrow’s shifting challenges and opportunities.
Deloitte’s Sourcing & Procurement Practice has a track record of tackling these challenges and enabling our clients to deliver and sustain measurable and impactful results. We have an end-to-end proposition portfolio covering Diagnostics, Strategy and Op Model development, Sourcing delivery, Transformation, SSC / BPO and Technology advisory, addressing the true challenges clients are facing today and providing a holistic answer and sustainable solutions. We support our clients’ aspirations by partnering to create and execute tailored strategy through execution approaches that consider short versus long-term value tradeoffs, knowledge transfer, culture change, and capability building.
Maximize efficiency to deliver optimal performance
Eliminate blind spots – Extend your reach
Addressing the challenge involves seeing things from a different perspective. This requires a comprehensive approach to defining and executing a procurement strategy aligned to the organization’s overall strategy. Organizations need to understand the underlying behaviours that drive spending, so they can address their root causes and become nimble in managing their bottom line. With strong governance over spend, a company saves money and improves margin. A coherent supplier relationship strategy defines the optimum approach for supplier segmentation, supports supplier performance management and drives supplier innovation.
How we can help
As you invest in your Sourcing and Procurement activities, it is also critical that you invest in the team that will help you achieve tangible value and real results. Deloitte’s Supply Chain practice has spent many years developing the experience, knowledge, skills and people who can help you to deliver more value from your Sourcing and Procurement initiatives.
Our services include:
- Procurement Transformation
Enhancing the ability of an organization to drive value through improved capabilities, org structures and operating models (i.e., Diagnostics, Strategy Development, Procurement Technology, Operating Model Design, Organization / Talent Transformation and Tax advantaged models)
- Digital Supply Optimization
Leveraging existing and disruptive technology (i.e. cognitive learning) to improve sourcing insights and source-to-pay process efficiency
- Growth & Supplier Innovation
Enhancing topline performance, speed-to-market and margin improvement through supplier collaboration, supplier lifecycle management and innovation
- Cost & Cash Optimization
Reducing third party spend across all indirect and direct materials categories through strategic sourcing, contract rationalization, working capital optimization
- Supply Risk Management
Measuring and improving total landed cost and social / environmental impact across geographies and the product / supplier lifecycle
Explore additional resources
Procurement’s contribution to an organisation’s success is about more than managing spend. As the world transitions towards a circular economy, the Procurement department has many vital roles to play.
With changing business dynamics and increasing layers of complexity, expectations of the CPO role have increased. Insights from Deloitte’s 2021 Global CPO Survey suggest that building capabilities focused on agility is CPOs’ best bet to meet and exceed them.
The COVID-19 pandemic has ushered in a time of great uncertainty, defined by volatility across the economy and supply chain. With complexity on the rise, how can leaders evolve their procurement strategy to manage risk and supply continuity issues in order to thrive? Deloitte’s 2020 Chief Procurement Officer (CPO) Flash Survey offers insight into preparing for the future of procurement.
Wider macro risks affect the entire business world and the extended supply chain. Managing procurement risks and cost need to be the priority to adjust to the new economic reality and coordinate investments reducing the complexity of supply chains while at the same time improve supplier transparency.
Deloitte can help you imagine, deliver, and run your supply networks to address tomorrow’s challenges and opportunities—providing a platform for generating critical insights, optimizing business processes, and automating supply chain activities across your value chain.
Deloitte CPO Survey