Benchmarking Consulting Procurement Maturity
Case Study
The Benchmark was performed with the collaboration of multiple clients in various industries (Banking, Automotive, Aerospace, Chemicals, …)
Challenge
Several companies were in contact with Consulting Quest for an assessment of the maturity of their consulting procurement. The objective was to benchmark consulting spend to assess the resources allocated to consulting and to review the practices around consulting procurement to measure the maturity and define improvement actions to either contain costs or do more within the same envelope.
Mandate
Assess the maturity and consulting spend of all companies, identify spend discrepancies and key actions to contain costs.
Results
Consulting Quest defined Consulting Spend discrepancies vs benchmark (up to 1% vs top line / $100M) and Consulting Procurement Maturity gaps. For each client, we designed a customized key action plan to improve the value created through Consulting (Specific RFP Process, Demand Management, Make vs Buy, …)
We thought we were spending too much. But it turned out that we were in the middle of the pack but were not getting the right value for our money. .
Want to…
Related Insights
How to Best Define Your Consulting Procurement Strategy
A successful Procurement Strategy for the Consulting Category requires a good understanding of the overall Strategy, the Consulting Market and the past performance within the category. It has to be in line with the Procurement Guidelines, and custom-made to Consulting.
What value do the Consultants bring to their Clients?
Too many companies are thinking about consulting as additional resources or through the lens of the project they are working on. Very few executives have indeed a clear view of the value they provide.
Benchmarking Consulting Procurement Maturity
Case Study
The Benchmark was performed with the collaboration of multiple clients in various industries (Banking, Automotive, Aerospace, Chemicals, …)
50%
Less Expensive than Competitors
3
Global Niche Consulting Firms sourced
Challenge
Several companies were in contact with Consulting Quest for an assessment of the maturity of their consulting procurement. The objective was to benchmark consulting spend to assess the resources allocated to consulting and to review the practices around consulting procurement to measure the maturity and define improvement actions to either contain costs or do more within the same envelope.
Mandate
Assess the maturity and consulting spend of all companies, identify spend discrepancies and key actions to contain costs.
Results
Consulting Quest defined Consulting Spend discrepancies vs benchmark (up to 1% vs top line / $100M) and Consulting Procurement Maturity gaps. For each client, we designed a customized key action plan to improve the value created through Consulting (Specific RFP Process, Demand Management, Make vs Buy, …)
We thought we were spending too much. But it turned out that we were in the middle of the pack but were not getting the right value for our money. .
Want to…