Case Study

Reading Time: 8 minutes

The Benchmark was performed with the collaboration of multiple clients in various industries (Banking, Automotive, Aerospace, Chemicals, …)

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2.5

Average Maturity Score

30%

Average Potential Savings Identified

Related Services

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. .

~CFO Banking

Want to…

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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.

Case Study

Reading Time: 8 minutes

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. .

~CFO Banking

Want to…