Procurement, both direct and indirect, might be considered subsidiary, both play an important role in the development of a firm. Understanding the similarities and distinctions between the two can eventually help you prepare for effective supply chain and spend management strategies, even if they are different functions that demand different techniques and technologies.

To ensure the best possible outcome, the consultant's area of expertise must match the client's consulting needs. Any mismatch between the two might negatively impact the timeline and budget of the project. Hence, understanding the type of consultants is crucial.

A project scope statement is a description of the work that is in scope, as well as what will not be done throughout the project — the items that are out of scope. Here are seven reasons why a project scope statement is necessary. In today's podcast you'll know about what is a scope? why is it so important? How to negotiate with the help of a scope?

This podcast comes back on the recent controversy reported on a base less accusation by The French Senate and opposition on the French Government spending huge amount of money on consulting. The podcast looks into the report from a strategic and procurement standpoint to give the keys to decipher this controversy.

Corporate Social Responsibility is becoming an increasingly essential problem on a global scale, with many firms - large and small – addressing it directly and methodically. This is why global sustainability registries, such as the Global 100 Most Sustainable Corporations in the World, prioritize foreign corporations.

Even though North America and Europe remain the two most preferred consulting destinations, a slow but steady shift in the outlook is hard not to notice. In this episode of our Consulting Sourcing podcast, Helene examines the regional dynamics of the consulting industry, and how a new order is emerging with traditional players and rising stars -- both playing their parts in this evolution.

Global sourcing is a procurement approach aimed at utilizing global efficiencies in the delivery of products and services.

Global sourcing, in a nutshell, is a “sourcing strategy” that coordinates the world’s most cost-effective production and operation inputs, such as workers, materials, machinery, technology, suppliers, engineers, and other essential facilities.

SRM (Supplier Relationship Management) is a big topic in consulting. The method Procurement manages Consulting Providers should be consistent with the company's overall SRM policies.

We'll be able to unearth the hidden value in your supply base with good supplier relationship management. We can't have a connection with every supplier; for many, we only need them to deliver what we need on schedule, in full, and within the agreed-upon budget or price range.

Early stages in consulting of shifting from analogue to Digital model is the first look at where is consulting industry going in 2022? AI tools that help consultants analyze bid data to produce effective results. How consulting would help in a sustainable growth? What are the key components of consulting in 2022?

Always ask the 4R's of references from the potential consultants to ensure that the short-listed firms have the expertise they claim to have. You can leverage the service of a third-party provider like Consulting Quest to check the reference for your consulting project.