Strategic Procurement Consulting

Helping Rapidly Growing Companies Harness Supplier Value

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.

Our Model

Managing Risks and Costs Across the Entire Sourcing and Payment Process

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

A collaborative approach to sourcing and procurement

Sourcing & Procurement as a Trusted Advisor

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.

Good
Governance

Risk Management word cloud

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

Business
Partnerships

Beautiful business people are using gadgets, talking and smiling during the conference in office

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

 

 

Systems &
Organization

Don't be afraid of change. It's going to happen anyway. Handwriting on a napkin with a cup of espresso coffee

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.

 

Our Approach

Strategically Managing Risks & Costs

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.  

Global sourcing and procurement

Sourcing & Procurement Issues

Impact

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

Our Approach

Strategically Managing Risks & Costs

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.  

Global sourcing and procurement

Sourcing & Procurement Issues

Impact

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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