Smart Consulting Sourcing

Corporate Social Responsibility is becoming an increasingly essential problem on a global scale, with many firms - large and small – addressing it directly and methodically. This is why global sustainability registries, such as the Global 100 Most Sustainable Corporations in the World, prioritize foreign corporations.

Even though North America and Europe remain the two most preferred consulting destinations, a slow but steady shift in the outlook is hard not to notice. In this episode of our Consulting Sourcing podcast, Helene examines the regional dynamics of the consulting industry, and how a new order is emerging with traditional players and rising stars -- both playing their parts in this evolution.

Global sourcing is a procurement approach aimed at utilizing global efficiencies in the delivery of products and services.
Global sourcing, in a nutshell, is a “sourcing strategy” that coordinates the world’s most cost-effective production and operation inputs, such as workers, materials, machinery, technology, suppliers, engineers, and other essential facilities.

SRM (Supplier Relationship Management) is a big topic in consulting. The method Procurement manages Consulting Providers should be consistent with the company's overall SRM policies.
We'll be able to unearth the hidden value in your supply base with good supplier relationship management. We can't have a connection with every supplier; for many, we only need them to deliver what we need on schedule, in full, and within the agreed-upon budget or price range.

Early stages in consulting of shifting from analogue to Digital model is the first look at where is consulting industry going in 2022? AI tools that help consultants analyze bid data to produce effective results. How consulting would help in a sustainable growth? What are the key components of consulting in 2022?

Always ask the 4R's of references from the potential consultants to ensure that the short-listed firms have the expertise they claim to have. You can leverage the service of a third-party provider like Consulting Quest to check the reference for your consulting project. 

Today, procurement is a truly dynamic field. Did you know that Cloud Technology, Cognitive Procurement, Blockchain, and a slew of other new digital developments are altering the way we think about procurement and how it's organized and carried out?
We'll take a look at a few hot new trends and examine how they're shaping procurement today. Also, try to predict where they'll lead us in the future.

Consulting is a vast discipline. Its very nature makes it difficult to generalize it completely. When it comes to consulting spends, just like other intangible service categories, there should be tight control in the decision-making for the sourcing process as well as for the procurement, which is supposed to facilitate the process and ensure compliance.
Collaboration between operational entities and procurement is essential to ensure positive impact and savings.

On this week's podcast. I'll be talking about internal consultants. A team of internal consultants makes up an excellence group within an organization and plays a crucial role in the success of any project. The question how to use the best strategy and methods to be able to optimize this team's potential.

There are many reasons why consulting projects fail. And, while you can’t always blame the Consulting Firm for everything that goes wrong, there’s no denying that they’re part of the problem.
We’ve covered the safe techniques to derail a consulting project in this post (and a little of levity).
In this week’s podcast, I want to talk about how not to fail on a consulting project.