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.
With automation, platform delivery, and AI-enabled services reshaping how work gets done, next-generation managed services can help elevate procurement’s impact. To meet this moment, procurement leaders need a clear strategy to evolve.
The benefits
- 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
