Procurement Excellence

Most organizations treat procurement as a back-office function, missing critical opportunities to drive strategic business value. Catalant’s procurement Experts—seasoned operators from Fortune 500 companies and elite consulting firms—transform procurement from a cost center into a value driver that can:

Identify hidden cost savings

Streamline operational workflows

Mitigate enterprise-wide supplier risks

APPROACH

Strategic Sourcing Roadmap for Procurement Excellence

01

Assess & benchmark

Evaluate current procurement maturity and identify critical performance gaps across the organization.

02

Develop strategic roadmap

Align procurement initiatives with core business objectives and define measurable performance targets. The approach creates a holistic framework that links procurement activities to broader organizational goals.

03

Streamline processes

Simplify workflows and apply Lean principles to eliminate inefficiencies and optimize procurement operations.

04

Leverage technology solutions

Implement advanced procurement technologies to enhance visibility and data-driven decision-making. These tools enable real-time insights and sophisticated spend analytics across the enterprise.

05

Manage supplier ecosystem

Segment suppliers, manage enterprise risks, and develop strategic partnerships. The approach focuses on creating collaborative relationships that drive innovation and long-term value.

06

Drive continuous improvement

Monitor key performance indicators and refine strategies to sustain procurement excellence. Establish feedback loops that enable ongoing optimization and strategic adaptation.

WINNING TOGETHER

Procurement Excellence in Action

Procurement Transformation at Global Consumer Goods Company
More Success Stories

Problem

A global consumer goods company struggled with decentralized sourcing practices, fragmented supplier relationships, and limited spend visibility across business units. This was driving up costs through the use of duplicate suppliers and missed volume discounts, resulting in operational inefficiencies with lengthy procurement cycles.

Action

Catalant Experts launched a comprehensive procurement excellence initiative, developing a unified procurement strategy with centralized governance and implementing advanced spend analytics and contract management tools.

Results

The team achieved:

 

  • $38 million in annualized savings through strategic supplier consolidation
  • 42% reduction in procurement cycle times
  • 95% contract visibility across global regions

Pharmaceutical Manufacturer Procurement Optimization

A mid-sized pharmaceutical manufacturer faced rising procurement costs and inconsistent supplier performance. Catalant Experts conducted a holistic assessment and implemented a new operating model and digital enablement. The effort resulted in a 14% reduction in addressable spend, improved supplier delivery performance, and a 40% increase in internal stakeholder satisfaction.

Manufacturing Innovation in Procurement

A high-growth manufacturing company faced challenges with supply chain complexity, fragmented sourcing strategies, and limited visibility into production costs. Catalant Experts implemented a comprehensive procurement transformation, optimizing ERP systems and redesigning forecasting processes to drive operational efficiency.

FEATURED EXPERTS

Featured Procurement Excellence Experts

Terry Y.

Ex-PwC and biopharma procurement transformation leader

20+ years driving strategic sourcing across Johnson & Johnson, Merck, and Bristol-Myers Squibb. Certified supply chain professional delivering $40M+ in procurement savings through supplier consolidation, sourcing optimization, and technology enablement.

View Profile

Charlie K.

Procurement and strategic sourcing expert with global supply chain expertise

Leading procurement excellence through transforming sourcing strategies, implementing procure-to-pay technology, and optimizing supplier partnerships for 30+ years. Consistently delivers double-digit savings and sustainable results through continuous improvement methodologies.

View Profile

Stephanie L.

Ex-Bain and KPMG chief procurement executive driving profitability

Leading global procurement transformations across direct and indirect categories for over a decade. Delivers double-digit EBITDA improvements through strategic sourcing, vendor management, and procure-to-pay system implementations with strong stakeholder change management.

View Profile

Procurement transformation starts here.

Connect with dozens of Experts qualified and ready to do this work.