Top 10 Consultancy Companies: KPMG
Established in 1987, KPMG is a member of the ‘Big Four’ consultancy firms, alongside EY, PwC and Deloitte. The KPMG network was formed as a result of a merger between Peat Marwick International (founded 1897) and Klynaveld Main Goerdeler (founded 1917) along with their member firms - the largest merger in the history of accounting business at the time.
Not stopping at one record broken, KPMG was also the first of the big five to publish reports and accounts, as well as the first to create a values charter.
Today, KPMG strives to drive positive and sustainable transformation for its clients, people and society, by helping organisations mitigate risks and grasp opportunities.
KPMG operates in over 147 countries, employing over 219,000 people to serve the needs of businesses, governments, public sector agencies, not for profit organisations. KPMG prides on its commitments to quality and service excellence to bring the best to its clients and earn public trust through actions and behaviours.
“In a world where rapid change and unprecedented disruption are the new normal, we inspire confidence and empower change in all we do,” says KPMG.
The supply chain industry
KPMG offers its clients a suite of digitally enabled solutions to solve complex issues of supply chain leaders.
With the supply chain industry experiencing mass disruption as a result of innovation KPMG strives to help supply chains operate the challenges of multiple and complex supply chain channels.
KPMG has a UK team of more than 80 supply chain consultants to transform the supply chains of organisations, improving cost, speed, agility and resilience.
KPMG supply chain services include:
Digital supply chain
Alongside leading partners, KPMG’s in-house digital team has developed multiple diagnostic and analytics solutions to help organisations to gain competitive advantages in a digital world.
Solutions include: predictive supply chain, risk management and supply chain segmentation.
Using sophisticated data modeling and analytics to measure true profitability in a clients portfolio, KPMG strives to identify an organisation's opportunities to unlock value. KPMG’s complexity management dashboard allows users to explore scenarios and make decisions to improve profit and working capital.
Integrated business planning
By aligning an organisation’s strategy, operations, planning, financial, supply chain, sales, marketing, and product development functions, KPMG helps its clients improve planning accuracy and operational performance.
Using leading software KPMG helps clients to design model scenarios, understand implications, evaluate options and make effective decisions for their warehouse and transport network.
By using analytics, maturity assessments, process and systems assessments, KPMG helps to identify opportunities to improve the performance of its clients by running operational excellence diagnostics.
KPMG Powered Procurement, enables organisations to lower costs, minimise supply chain risk and tighten control of spend by implementing cloud based market leading solutions.
Using its ‘4Cs’ approach, KPMG looks to identify and unlock value from third-party spend. The approach involves taking a multi functional view of procurement, finance, treasury and operations and then assessing the cost, cash, consumption, and compliance of each function.
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For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.
Pandora and IBM digitise jewellery supply chain
Pandora has overhauled its global supply chain in partnership with IBM amid an ecommerce sales boom for its hand-finished jewellery.
The company found international success offering customisable charm bracelets and other personalised jewellery though its chain of bricks and mortar retail destinations. But in 2020, as the COVID-19 outbreak forced physical stores to close, Pandora strengthened its omnichannel operations and doubled online sales.
A focus on customer experience included deploying IBM’s Sterling Order Management, increasing supply chain resiliency and safeguarding against disruption across the global value chain.
Pandora leverages IBM Sterling Order Management as the backbone it its omnichannel fulfilment, with Salesforce Commerce Cloud powering its ecommerce. Greater automation across its channels has boosted the jeweller’s sustainability credentials, IBM said, streamlining processes for more efficient delivery. It has also given in-store staff and virtual customer service representatives superior end-to-end visibility to better meet consumer needs.
Jim Cruickshank, VP of Digital Development & Retail Technology, Pandora, said the digital transformation journey has brought “digital and store technology closer together and closer to the customer”, highlighting how important the customer journey remains, even during unprecedented disruption.
"Our mission is about creating a personal experience and we've instituted massive platform changes with IBM Sterling and Salesforce to enable new digital-first capabilities that are much more individualised, localised and connected across channels and markets,” he added.
Pandora’s pivot to digital
The pandemic forced the doors closed at most of Pandora’s 2,700 retail locations. To remain competitive, it pivoted to online retail. Virtual queuing for stores and virtual product trials via augmented reality (AR) technology went someway to emulating the in-store experience and retail theatre that is the brand’s hallmark. Meanwhile digital investments in supply chain efficiency was central to delivering on consumer demand.
“Consumer behaviour has significantly shifted and will continue to evolve with businesses needing to quickly adapt to new preferences and needs,” said Kareem Yusuf, General Manager, AI Applications and Blockchain, IBM. “To address this shift, leading retailers like Pandora rely on innovation to increase their business agility by enabling and scaling sustainable supply chain operations using AI and cloud.”
Yusuf said Pandora’s success was indicative of how to remain competitive by “finding new ways to create differentiated customer experiences that protect their enterprises from disruptions to help mitigate risk and accelerate growth”.