Sourcing and Procurement Strategy: Enabling Enterprise Success with Gen AI

Today’s environment requires new, agile and differentiated approaches to strategic sourcing and procurement operations and the ability to work as a proactive, collaborative business partner. Gen AI is at the forefront of this movement. With 89% of enterprises planning to advance Gen AI initiatives in 2025^*, procurement leaders are at a critical crossroads and must act with urgency to meet enterprise expectations.

*Key Issues Study, The Hackett Group, 2025

Expected deployment levels of Gen AI in procurement processes by the end of 2025

Accelerate your transformation to Digital World Class^® performance

Based on our extensive research of top-performing enterprises, we understand what it takes to establish and sustain value-producing sourcing and procurement operations. We view strategic sourcing and procurement as a strategic enabler of enterprise performance. And we apply that perspective as we work with sourcing and procurement functions at many of the world’s leading organizations to define and measure their contributions and raise their capabilities, performance and – ultimately – value.

What makes the difference?

Our strategic sourcing and procurement consulting services span the entire spectrum of transactional, talent management and planning processes, as well as functional management. We can address any of the strategic and operational dimensions that impact performance, such as organizational design – including procurement outsourcing decisions – process improvement, technology and Gen AI enablement, information requirements, and skills and talents. We can provide the right combination of capabilities, resources, and approach to help you identify and adopt Digital World-Class^® capabilities and deliver maximum value from your sourcing and procurement function:

• Sourcing and procurement executive advisory
• Sourcing and procurement benchmarking
• Sourcing and procurement transformation consulting
• eProcurement
• Third-Party Risk Management

Our clients deliver value through the ability to:

• Reallocate resources from low- to high-value activities
• Establish an agile, digital procurement operating model
• Exert greater control of the supply base
• Build and deploy sophisticated analytics capabilities
• Design and deliver services around the customer experience
• Upgrade staff skills
• Improve working capital through payment terms, inventory management and other strategies