Welcome to the November 2024 Consulting Procurement Chronicle!
This month, we dive deep into the transformative trends reshaping the global consulting landscape and explore actionable strategies for enhancing consulting procurement practices. From the rise of AI and digital transformation to the importance of building strong consultant relationships, this edition is packed with insights.
Discover how to evaluate consulting firms beyond prestige, refine proposal assessments, and decide between centralised and decentralised procurement structures—all designed to help you achieve superior consulting outcomes.
Join us as we navigate the evolving consulting industry and unlock new strategies for success. And lastly, don’t miss the latest episode of the Smart Consulting Sourcing Podcast, where Helene unpacks how procurement structure impacts consulting performance. Dive in, explore, and transform your approach to consulting procurement!
INSIGHT(S)
Our consulting procurement chronicle – November 2024, begins with an in-depth insight on the global consulting trends. In 2024, the consulting industry underwent major transformations, driven by AI, ESG priorities, and evolving client needs. Firms embraced automation to boost efficiency, supported remote work models, and saw growth in boutique firms offering niche expertise. Digital transformation services, like AI and cloud computing, became vital for innovation. Consultants played a key role in helping businesses adapt to a rapidly changing environment. Read more to discover these transformative trends.
2024 em análise: Transformações que moldam a consultoria global
Explore as tendências transformadoras que moldaram o setor de consultoria global em 2024. De inovações em IA a estratégias de sustentabilidade, saiba como esses insights podem impulsionar seus negócios.
INSIGHTS DE CONSÓRCIO
Continuing our consulting procurement chronicle – November 2024, our focus shifts to Consource.io and the importance of building strong consultant relationships for project success. Effective collaboration enhances cost efficiency, mitigates risks, and drives better outcomes. By defining roles, setting goals, fostering collaboration, and aligning partnerships with organizational objectives, consistent results are achieved.
How Vital is the Relationship with Consultants to Your Project Success?
Learn how to build strong, effective relationships with consultants to ensure the success of your projects. Discover proven strategies to manage consultant performance, foster collaboration, and maximize value for your organization, driving impactful results and...
Moving on, in our next insight in our consulting procurement chronicle – November 2024, we evaluate consulting firms based on performance rather than prestige. Top firms like McKinsey and BCG may not fit every project. Key criteria include delivery quality, team expertise, professionalism, and measurable impact. By prioritising these factors over reputation, organisations can choose consulting partners aligned with their needs, ensuring successful outcomes and long-term value.
Top Consulting Firms: Prestige Isn’t Always Performance
Choosing a consulting firm isn’t about prestige—it’s about performance. Discover why top consulting firms like McKinsey or BCG aren’t always the right choice for every project. Learn how to evaluate expertise, align with goals, and find the best firm tailored to...
Lastly, we take a look at evaluating consulting proposals effectively. Key strategies include assessing the quality of the proposed approach, ensuring the consulting team’s expertise aligns with project needs, evaluating cultural fit, and measuring potential impact. A structured evaluation process helps organisations select consulting partners who truly understand their challenges and can deliver meaningful results.
Avalie as propostas de consultoria como um profissional: Não passe o dedo para a esquerda no consultor errado
Evaluating consulting proposals goes beyond reviewing flashy presentations. It’s about understanding the consultant's approach, expertise, and alignment with your business needs. Learn how to choose a strategic partner who delivers real value and integrates...
PODCASTS
As we conclude our November 2024 procurement chronicle, we present our latest episode of the Smart Consulting Sourcing Podcast. In this edition, your trusted host, Helene, delves into the debate between centralised and decentralised procurement structures, exploring their impact on consulting results.
Centralised procurement offers control, cost efficiency, and consistency, ensuring strategic alignment and standardized processes across the organisation. However, it may slow decision-making and overlook unique departmental needs.
Conversely, decentralised procurement provides flexibility and speed, allowing business units to address specific requirements promptly. Yet, it risks inefficiencies, inconsistent processes, and lack of oversight.
Helene introduces the Congruence Model, evaluating how work, people, culture, and structure align with organisational goals, aiding in selecting the optimal procurement strategy.
A hybrid approach combines central oversight for strategic initiatives with local autonomy for smaller projects, balancing control and adaptability.
Tune in to gain actionable insights on structuring your consulting procurement for optimal results.