Top 10 Consulting Companies: Deloitte
Originally founded in 1845 by William Deloitte, the company has over 300,000 employees in more than 150 countries. Considered the leading multinational professional services company, Deloitte provides audit & assurance, consulting, risk and financial advisory, risk management, tax and related services to select clients. Deloitte serves a range of industries, such as consumer, government & public services, energy, resources & industrials, life sciences & healthcare, financial services and technology, media & telecommunications.
Supply chain services
Deloitte’s global supply chain focuses on delivering practical, strategy-driven solutions through advisory services that optimise, reinvent and improve the overall end-to-end supply chain. Deloitte helps companies through their most complex issues by drawing on global capabilities that cover all areas of business strategy and operations and industries.
Watch our video on the Top 10 Consulting Companies below!
Its supply chain services are:
Supply Chain Strategy
Supply Chain Planning
Manufacturing Strategy & Operations
Sourcing & Procurement
Logistics & Distribution
Deloitte produces an annual procurement survey and has researched the procurement agenda since 2011. In its latest survey in 2019, the key themes explored were complexity, talent and digital procurement. Some of the surveys key findings found that:
Complexity is there to be leveraged
Chief Procurement Officers are facing vast amounts of complexity, both in the outside world and within the inside of the company. From the 500 respondents to the survey, it was found that economic downturn (42%), internal complexity (39%) and managing risk within mega suppliers (37%) are the most often mentioned risks and challenges that organisations face.
Most CPOs believe procurement-related risks have increased over the past year.
Organisations are subject to lots of external complexity and are more willing to address top risks (58%) than organisations operating in a world of lesser complexity (41%).
Talent models are to be changed
Retaining and recruiting the right talent is already a key pillar for many CPOs. With the entire skillset of procurement changing, the confidence level among CPOs on the ability to deliver on strategy has dropped from 49% to 46% this year. Strategic sourcing and category management is considered the largest (68%) area of training over the next 12 months.
Procurement goes digital - but is not mature enough
Procurement is becoming increasingly aligned to digital strategies with business strategies.
Low-in-maturity strategies such as improving and automating procurement processes (68%) and extending digital procurement tools to internal and external stakeholders (59%) are among the top digitisation strategies for CPOs.
High-in-maturity strategies such as connecting the supplier to the customer (21%) or tapping digital innovations from the supply base.
To find out more about Deloitte, click here!
For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital magazine.
5 minutes with: Ivalua’s Sundar Kamak
Who are you?
My name is Sundar Kamak, I’m Head of Manufacturing Solutions at Ivalua. I’ve been with the company for around two years now, and I’m responsible for our industry solutions and our pre-sales team. Before joining Ivalua I spent almost 20 years in the source-to-pay procurement space, working for a number of providers. But I got my career started in manufacturing and supply chain, specifically in automotive and aerospace.
And what is currently taking up the majority of your professional time?
The last year I've been focused in helping organisations put together a digital transformation strategy, especially manufacturing companies, so they can continue to address some of the challenges they face due to the COVID pandemic.
The traditional approach of engineers designing their latest product then procurement going off to source no longer works
What are the biggest challenges facing your corner of supply chain?
We have a lot of clients coming from different backgrounds - aerospace, high-tech, automotive - and they’re feeling the pressure and the crunch. There’s a lack of product, lack of material availability, lack of resources, labour shortages. So, I work with the leadership in these organisations, try to understand what problems they're looking to solve and come back with Ivalua solutions that can help them address some of these challenges.
Where do the biggest opportunities lie?
If we look at manufacturing, it all comes back to procurement and supply chain being involved sooner in the process. The traditional approach of engineers designing their latest product then procurement going off to source no longer works. It’s important to treat suppliers like partners, which means you build trust, so they can participate very early on in the product design and product development process. It’s not done consistently in the manufacturing sector, but it will be key.