Global Management Consulting Services Category - Procurement Market Intelligence Report

  • Published: Feb 2019
  • Pages: 104
  • SKU: IRCMSTR10540-1
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Key findings: Management consulting services

This management consulting services market intelligence report offers insights into the supply chain margins, category pricing dynamics, and supplier cost breakup. An analysis of the top management consulting firms and the current market landscape are also offered in this report.

Industries across the globe are observing significant changes in their business strategies to cope with the business complexities which are the effects of industrial growth. Constant strides being made in the technological field are also changing the dynamics of the market on a regular basis. These scenarios are compelling buyers to invest in management consulting services, which is accelerating the category spend momentum to a significant extent. To cater to buyers requirement to make data-driven decisions, the top management consulting firms are adopting advanced analytics tools such as OCM, a framework to manage changes in organizational structure and culture within enterprises, that are boosting the feasibility of a range of management consulting services.

To access complete details on the annual spend growth rate until 2023, download a free sample.

Insights delivered

Our reports from the professional services category offer buyers with actionable data on the current and future supply market scenario. Coverage of the US market, including category spend analysis, pricing outlook, supplier cost structure, etc., is also offered in this management consulting services market intelligence report. Additional information includes an analysis of the cost and volume drivers, top suppliers, and category management strategies.

Insights offered in this management consulting services sourcing and procurement report will help the buyers understand:

  • Global and regional spend potential for the period of 2018-2023
  • Pricing models and the factors influencing them
  • Procurement strategies to achieve cost-savings
  • Overview of the management consulting services market size

Analyze the global category spend for management consulting services

The rapid shift of the industrial infrastructure towards digitalization is driving significant end-users such as financial services, manufacturing, public sector, natural resources and power, wholesale and retail, healthcare and other industries towards leverage management consulting services. These services enable the sector to meet investors expectations, survive in the competitive marketplace, and pledge complete adherence to the prevailing regulatory framework. This is resulting in an impressive category spend growth rate. In the developing economies, the strategy advisory segment of the management consulting services market is gaining prominence because of the improving purchasing power of the populace.

Access the complete year-over-year spend growth rate and category spend details by downloading a free sample copy.

This management consulting services sourcing and procurement report offers coverage of:

  • Regional spend opportunity for suppliers
  • Global and regional spend segmentation
  • Cost drivers impacting pricing

 

Optimize category spend for management consulting services

Expenses incurred by buyers for on-site management consults can keep spiraling if not limited within a designated expense policy. It generally constitutes a significant portion of the buyers annual budget. It is recommended that buyers dedicate a predefined budget to accommodate all the expenses related to maintaining an on-site consultant, which will enable them to identify cost-saving opportunities during the long run.

This management consulting services market intelligence report also offers coverage of:

  • Total cost of ownership
  • Supply chain margins and outlook for input costs
  • Overview and comparison of pricing models

 

Assess category spend for the US region

The management consulting services industry in the US claims the largest market share that can be attributed to the incremental procurement spend done by the financial, manufacturing and public end-user sectors in the region. Financial institutions are exhibiting a preference for implementing new technologies to automate their administrative processes. This is driving the top management consulting firms to adopt technologies such as RegTech, AI, cognitive computing, and robotics. This is boosting the category scopes in the US to a great extent.

Additional information offered in this management consulting services sourcing and procurement report will help buyers analyze:

  • Supplier cost structure in the US               
  • Management consulting services market size in the US
  • Category spend potential in the US

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Build strategies for effective supplier selection

Assessment of service providers based on their range of offerings plays a vital role in enabling buyers with cost-saving opportunities. In the management consulting services market, it is advised that buyers partner with service providers that can bundle services and products under a single contract. This will benefit buyers with reduced contract management complexities and reduced procurement spend in the long run.

This management consulting services sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:

  • Top management consulting firms
  • Buyer and supplier KPIs
  • Incumbent supplier evaluation metrics

 

Devise effective category management strategies for management consulting services

The unique needs of an organization necessitate partnering with multiple management consulting firms. Such large supplier bases typically result in inefficiencies in the process. Supplier base rationalization can enable category managers to clearly define the supplier pool and their spend profile. This offers better visibility on the organizations spend on different services rendered by the suppliers.

Key insights offered in this management consulting services sourcing and procurement report will help the buyers identify:

  • Critical KPIs for buyers and suppliers
  • Category management objectives and risk management strategies
  • Sustainability practices

 

Determine the spend dynamics for key geographies

The growing requirement for digital transformation and cybersecurity to safeguard businesses is driving organizations in North America leverage management consulting services. Currently, North America accounts being one of the highly mature markets in terms of the category spend growth. Lack of in-house expertise and automation of technology in APAC are compelling buyers to utilize management consulting services across significant business sectors. The recent regulatory changes imposed in Europe will favor the category growth in the region during the forecast period.

Key geographies analyzed in this management consulting services market intelligence report include the following:

  • APAC
  • MEA
  • Europe
  • North America
  • South America

A comprehensive overview of the current management consulting services market size, Information on the top management consulting firms and significant risks faced while procuring Management consulting services is offered in this market intelligence report. Download a free sample to access the reports complete scope of coverage.

Key Features of Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix
 

 

Management Consulting Services - Category Spend Analysis

According to SpendEdge analysts, one of the primary growth drivers for the global management consulting services market is increasing strategic partnerships with market research firms. Buyers prefer to engage with service providers that provide quick and flexible solutions compared to those that adhere to defined frameworks and policies. In line with this, several consulting firms such as BCG and McKinsey are engaging with market research firms such as Gartner and Forrester to cut short the TATs associated with gathering data and providing actionable insights by spending more time on formulating strategies.

 

Management Consulting Services – Procurement Best Practices

Buyers must ensure supplier competition exists – promote competitive bidding scenarios. Buyers should invite bids from all potential service providers with the ability to meet overall requirements. Requesting RFPs with pertinent details can ensure competition among suppliers and help compare and evaluate them better.

 

Management Consulting Services - Procurement Challenges

Based on the analysis in this report, a major procurement pain point experienced by the buyers is assess reliability of information provided by consultants. SpendEdge’s procurement specialists predict that the buyers must ask suppliers for the source of information and re-evaluate options provided by suppliers before implementation.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx essentials
  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: McKinsey & Company
  • Profile: Bain & Company Inc.
  • Profile: PwC
  • Profile: Accenture
  • Profile: IBM
  • Profile: Deloitte

PART 11: US Market Insights

  • Category spends in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key notes
  • Global category spend (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Procurement model
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Mckinsey & Company– Key information dashboard
  • Bain & Company Inc. – Key information dashboard
  • PwC– Key information dashboard
  • Accenture– Key information dashboard
  • IBM– Key information dashboard
  • Deloitte– Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

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