Experience has shown that early engagement of Procurement in the deal cycle leads to accelerated value capture. Successful integration – or separation – of the Procurement function is reliant on a deep understanding of the new organization’s spend profile and day-to-day category management activities, identification of appropriate requirements to ensure business continuity, and design of an operating model that is aligned with the organization’s business objectives.
- Identify total value to the transaction through a clear understanding of the spend of the combined or separate entities and procurement’s key value drivers
- Maintain supply continuity and operational integrity associated with third party agreements through a focus on contract transition
- Expose opportunities to rationalize spend, align processes, rationalize technologies, and harmonize organizations through Day 1 readiness planning