Top 10: Procurement Consulting Companies

Ranked by revenue, Procurement Magazine lists the top consultants and their services in the procurement industry

No stranger to complexity and disruption, procurement and supply chains are notorious for being challenging industries to navigate. And with ‘complexity management in procurement’ being among the top five annual objectives for CPOs one way to navigate complexities is to seek an outsiders perspective and expertise in the field. 

In this months Top 10 Procurement Magazine takes a look at the procurement services of leading consultants ranked by tier 2023 revenue. 

10. Bain & Company (US$5.8bn)

Founded in 1973, Bain & Company is a American management consulting firm, headquartered in Boston (US). Helping companies develop sourcing strategies for a sustainable future, Bain & Company provides holistic, data-driven procurement solutions built on cutting-edge analytics for a unique, cross-functional approach.

Working closely with its clients, Bain & Company identifies and realises savings across every spend category and capability harnessing its specialist procurement subsidiaries and partnerships. 

Website: Bain & Company

CEO: Manny Maceda

9. Gartner (US$5.9bn)

Founded in 1979, Gartner is an American technological research and consulting firm headquartered in Connecticut (US). Focused on driving business value through procurement, Garnter helps its clients via its insights, advice and tools across four key areas: going digital; practicing strategic sourcing; developing procurement talent; and influencing business decision making. 

More than 15,000 enterprises in over 100 countries see Gatner as trusted advisor and an objective resource. 

Website: Gartner

CEO: Eugene A. Hall

8. Booz Allen Hamilton (US$9.2bn)

Founded in 1914, Booz Allen Hamilton is an American IT services and IT consulting company. Believing that contracts are the governing mechanism for ensuring successful acquisition lifestyle, Booz Allen Hamilton helps federal agencies to navigate dynamic acquisition environment.

Booz Allen Hamilton’s services cover four core areas: contracts strategy; contracts management; contacts policy and process development; and R&D contracts and grant management. With its procurement services, Booz Allen Hamilton helps to ensure compliance with statutes, regulations, and policies.

Website: Booz Allen Hamilton

CEO: Horacio D. Rozanski

7. BCG (US$11.7bn)

Founded in 1963, Boston Consulting Group (BCG) helps sourcing and procurement leaders define the core value that the function brings to the organisation. BCG examines the organisation’s strategic priorities and assess digital maturity to identify the investments needed in order to create value. 

The results of the examination help to determine the technology and anticipated pain points to shape the digital roadmap. To turn the roadmap into a reality, BCG develops and deploys user-centric digital solutions to address user needs and generate value.

Website: BCG

CEO: Christoph Schweizer

6. McKinsey (US$13bn)

Founded in 1926, McKinsey is an American multinational strategy and management consulting firm that helps its procurement clients unlock the full potential of the function through product and service design and transformation. 

McKinsey operates across six core areas to transform procurement: guiding the creation of exciting product and service portfolios; increase profitability through life-cycle optimisation; improve agility and effectiveness; optimise spend categories; drive productivity and innovation with suppliers; and maximise procurement impact through agile digital operating model.

Website: McKinsey

CEO: Bob Sternfels

5. TCS (US$25.7bn)

Founded in 1968, Tata Consulting Services (TCS) is an Indian multinational information technology services and consulting company. 

Recently recognised as a leader in procurement outsourcing by Everest Group’s PEAK Matrix, TCS is trusted by CPOs to deliver cost savings, improve compliance, mitigate risks, build trust based supplier ecosystems, and thread sustainability into procurement. 

In particular, TCS’s procurement solutions - Tap -  helps businesses overcome functional silos and unify end-to-end, source-to-pay processes to improve innovation, collaboration and agility. 

Website: TCS

CEO: K. Krithivasan

4. KPMG (US$36.4bn)

Founded in 1987, KPMG is a  multinational professional services network and one of the big four accounting firms. 

Harnessing cloud technology, automation, predictive analytics and cognitive learning, KPMG helps organisations transform the procurement function, creating an integrated asset that drives growth throughout a business. With powered procurement KPMG helps procurement teams drive agility and save costs by using proven operating models, leading practices and third-party technology solutions. 

Website: KPMG

CEO: William B. Thomas

3. PwC (US$50.3bn)

Founded in 1998, PwC multinational professional services brand of firms, operating as partnerships under the PwC brand. Employ over 1,000 specialists in various areas of business, PwC provides  high-quality auditing, tax, and consultancy services to support its clients in achieving their goals.

Helping companies save and increase the efficiency of their procurement department, PwC strives to transform the entire procurement function as well as its individual stages. 

PwC’s services include: top performance sourcing; set up of efficient procurement function; spend cube; PwC procurement incubator; procurement commission; procurement-managed services; contract summit; and digital procurement. 

Website: PwC

CEO: Bob Moritz

2. Deloitte (US$64.9bn)

Founded in 1845, Deloitte is a multinational professional services network. Spending many years developing the experience, knowledge, skills and people across all industries, who can help you to deliver more value from sourcing and procurement initiatives, Deloitte has a track record of tackling the challenging nature of the industry to deliver and sustaina measurable results. 

With its end-to-end proposition portfolio of diagnostics, strategy and operating model development, sourcing delivery, transformation, SSC / BPO and technology advisory, Deloitte addresses the core challenges clients face, providing holistic answers, sustainable solutions, and tailored strategy. 

Deloitte’s services include: procurement transformation; supply optimisation; digital procurement; sustainable sourcing; growth and supplier innovation; supply risk management; and cost and cash optimisation.

Website: Deloitte

CEO: Joe Ucuzoglu

1. EY

Founded in 1989, EY is a multinational professional services company. EY is driven by its purpose to build a better working world. With its insights and services, EY creates long-term value for clients, people and society so that they can build trust in the market. 

EY believes that a better working world is one where economic growth is sustainable and inclusive, as such the organisation strives to continuously improve its services and invest in people and innovation to achieve this.

EY's Services include: supply chain intelligence, integrated digital planning, supply-side optimisation, smart factory, digital fullfilment.

"In a world that’s changing faster than ever, our purpose acts as our North Star, guiding our 400,000 people — providing the context and meaning for the work we do every day" - EY

Website: EY

CEO: Carmine Di Sibio

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