Organisations face significant challenges in an increasingly complex and disrupted market. Today’s leaders seek greater flexibility and adaptability to navigate these challenges. A strong finance and procurement function is central to building a future-fit organisation.
We believe that successful procurement transformation requires reimagining the procurement function and empowering leaders to identify and reshape the capabilities they need to unlock strategic value and achieve competitive advantage.
We can help you achieve a successful procurement transformation with Procurement Excellence.
PwC's 2022 Digital Procurement Survey
In the latest edition of our Digital Procurement survey, find local insights about the current and future state of Digital Procurement, investments to come, 2025 digital roadmaps, PwC best practices and industry benchmarks.
Transforming procurement to meet today's strategic priorities
In PwC Australia’s CEO Survey, 70% of Australia’s CEOs anticipate global economic growth will improve. Increasing confidence means today’s leaders have new opportunities ahead. Now is the time for business leaders to seize the initiative and prepare the ground for growth. In responding to evolving business strategies and the challenges these present for supply chain, procurement leaders must revisit the capabilities they need to succeed.
Strategic priorities of Australian CEOs*
Deliver Growth
Technology
Workforce
Environmental, Social and Governance
Sustainable, resilient operating models
Source: PwC Australia’s 24th CEO Survey: Building resilience: from reactive to proactive
Procurement areas of focus and capabilities
Exceeding increasing customer demands
Supporting demand growth
Exceeding increasing customer demands
Delivering year-on-year cost reduction
Managing commodity pricing volatility
Increasing value for money
Responding to changing regulatory requirements
Ensuring supply and supplier performance
Managing supply security and resilience
Ensuring compliant processes and managing Social Procurement
Delivering operational efficiency
Managing effective global operations
Acquiring talent & developing skills
Is your procurement function equipped to meet your objectives and generate value for your business?
Key questions to consider
How do you deliver value beyond sustainable cost reduction?
What’s the optimal operating model for your procurement function?
How do you unlock the power of data to bring value in new ways?
Do you have a risk management framework in place to identify and manage supplier risks?
How do you build support for procurement transformation among your organisation’s people?
Together, let’s transform procurement to unlock strategic value with Procurement Excellence.
Procurement Excellence is our approach to help you implement a best-in-class procurement function. We do this by accelerating digitalisation, creating data-driven insights supported by a future-fit operating model, capabilities and simplified processes, and by upskilling your people to fuel performance and achieve better financial outcomes.
With an end-to-end perspective, our transformation approach can help you meet both business and procurement objectives and generate strategic value for your business.
We mobilise multi-disciplinary, local and global capability, to support your transformation. Our team of skilled practitioners possess deep consulting and industry experience.
< Back
< Back
[+] Read More
Our procurement service offering
From strategy to implementation, our procurement transformation team can help you at any stage of your journey including:
- 1. Procurement Strategy
- 2. Value improvement
- 3. Category management
- 4. Contact and supplier management
- 5. Risk management and ESG
- 6. Procurement function and capabilities
- 7. Digital procurement and tools
1. Procurement Strategy
- Maturity assessment procurement function (qualitative and quantitative)
- Transformation business case
- Strategy statement and vision
- Digital strategy
- Business and technology roadmaps
2. Value improvement
- Spend analytics
- Categorization of spend data
- Opportunity assessment (support Subject Matter Experts)
- Strategic sourcing
- Benefits tracking
- Should-cost modelling
3. Category management
- Segmentation and spend analysis
- Category management framework to outline approach and strategy
- Category management tool
- In-depth expertise subject matter experts
- Predictive market and supplier analysis
4. Contact and supplier management
- Best practice contract management processes
- Lean contracting and contract A.I.
- Supplier relationship and performance management
- Supplier co-creation and innovation
- 360 view procurement and supplier engagement lifecycle
- Compliance monitoring and reporting
5. Risk management and ESG
- Risk assessment
- Risk management framework to outline approach and strategy
- Supply chain and third-party risk management
- Compliance monitoring and reporting
- Sustainability assessment, strategy and roadmap
- Strategy and commitments
- Operations
- Sustainability tracking
6. Procurement function and capabilities
- Operating model design
- Maturity assessment and feasibility study
- Data driven and evidence based operating model design
- Skills assessment and employee and organizational capability development
- Workforce management and optimization
- Transfer pricing
- Shared services
7. Digital procurement and tools
- Business-led technology transformation of procurement function
- Data cleanup, creation, and migration strategy and execution
- End-to-end systems and process integration
- Solution implementation
- Partnerships with the leading solution providers and relevant point solutions
- Process optimisation
Related content
Contact us
Andreas Wyder
Partner, Consulting Operations Transformation, PwC Australia
Tel: +61 400 425 021
