Consulting in procurement must adopt a mindset of continuous improvement; a mindset that can transform the way business is conducted, from the inside-out—helping you fix the hole in your wall and hang up a painting in that space, if you will.
Continuous improvement has less to do with actual business processes that are discussed, implemented, and managed, and much more to do with the collective attitude towards business structures.
When the collective impression towards consulting in procurement shifts to continuous improvement, it automatically improves how a business consultant can assist their clients with achieving their short- and long-term business goals.
The new normal--and a new value--for consulting in procurement
If companies are forced to contend with the uncertainty of “the new normal”, business consultants must follow suit.
COVID-19 may have caused widespread uncertainty and thrown many industries and companies out of their comfort zones, but this is neither the first and nowhere near the last crisis we will be forced to battle in the coming years.
In recent years, consulting in procurement has experienced a positive shift from driving ruthless efficiency to unlocking human brilliance and inspiring innovation.
While crisis strategies demand a focus on essential procurement qualities like resilience and sustainability, post-crisis, these essentials become more closely aligned with the human aspect of procurement. Each supply chain is, after all, made up of people.
Whatever functional expertise you’re after—procurement, finance, and project management—the one constant is the human aspect of these functions.
Post-crisis procurement consulting needs to build on this human aspect and empower it to drive business success.
Preparing for the future without losing sight of the present
An uncertain economic environment means that a business needs to be on its toes in anticipation of the next crisis. The role of consulting in procurement, then, is to alleviate the anxiety a business experiences and ensure that its short-term survival can be assured without endangering long-term objectives.
The global strategy industry has been on an upward trajectory for many decades and is expected to expand further from $44 billion in 2017 to $91 billion by 2025. Consulting is here to stay, but it needs to change its approach to keep up with the changing world.
The best and only way to assure the future of consulting in procurement, finance, and project management is to deliver more value for less; bring in new ideas that challenge established processes; take measured risks that drive value; never lose sight of the bigger picture, and move towards the future of procurement with every process.
Companies like Kronos Group are leading the charge towards the future of consulting in procurement in a world post-COVID-19. Contact our skilled business consultants for insights on procurement, finance, and project management today.