Our diverse industry and leadership experience allow us to appreciate each client for their unique value proposition. We develop sourcing and procurement solutions to meet your specific business goals.
At Adventus Consulting, we help rapidly growing companies harness supplier value by developing procurement & sourcing processes supportive of growth, risk and cost management goals. Working with sourcing and procurement teams, we foster collaboration with company and supplier stakeholders to create an efficient corporate buying process across sourcing, contracting, and payment activities.
Industries Served: Industrials, Plastics and Packaging, Oil and Gas, Life Sciences
The structure and collaborative nature of a company’s sourcing and procurement function is an essential component of their overall strategy. With 50-70% of their annual revenue spent on purchased goods and services ranging from raw materials, capital equipment, professional services, and several other categories, a company’s ongoing growth, profitability, and benefit to society depends on supplier relationships.
Defining the role of sourcing and procurement in a company and how it supports the business strategy. Procurement leaders (VP of Procurement, Director, Manager) need to work with their internal partners to support their business strategy and ensure that sourcing and procurement decisions are made to enhance the business strategy
Procurement must work with business partners to implement standard and efficient buying and sourcing processes, which include: Category Strategy and Strategic Sourcing, Contract Management, Supplier Management, Supply Risk Planning, and Procure-to-Pay Management
Implementation of good systems and other infrastructure elements, such as organizational design and skill development, are required. Defining how these systems support the procurement and sourcing processes is an integral part of procurement strategy, organization design, and skill development.
By strategically deploying the following levers, companies can build a scalable operating model to efficiently manage suppliers, costs, and risks.
An inadequately structured and managed sourcing and procurement process can expose a company to risks and hidden costs eroding value creation at a critical time. Some examples include delayed product approvals, poor quality, missed deliveries, cost overruns, and lost sales.
Frequent budget revisions due to growing supplier spend and unexpected invoices
Margin Erosion
Supplier contract system limitations managing approval workflows, standard terms and life cycle management
Supply Risk
Department staff devoting excessive time to manage suppliers
Overhead Cost
Procure-to-Pay issues related to supplier payments
Financial Reporting
Supplier costs adversely impacted by enterprise risk factors (compliance, ESG, market, etc.)
Enterprise Risk
By strategically deploying the following levers, companies can build a scalable operating model to efficiently manage suppliers, costs, and risks.
An inadequately structured and managed sourcing and procurement process can expose a company to risks and hidden costs eroding value creation at a critical time. Some examples include delayed product approvals, poor quality, missed deliveries, cost overruns, and lost sales.
Frequent budget revisions due to growing supplier spend and unexpected invoices
Margin Erosion
Supplier contract system limitations managing approval workflows, standard terms and life cycle management
Supply Risk
Department staff devoting excessive time to manage suppliers
Overhead Cost
Procure-to-Pay issues related to supplier payments
Financial Reporting
Supplier costs adversely impacted by enterprise risk factors (compliance, ESG, market, etc.)
Enterprise Risk
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