Service Offering
Procurement Excellence
Most organizations treat procurement as a back-office function, missing critical opportunities to drive strategic business value. Catalant transforms procurement from a cost center into a value driver that can:
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. This holistic framework integrates procurement with 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 provide real-time insights and sophisticated spend analytics across the enterprise.
05
Manage supplier ecosystem
Segment suppliers, manage enterprise risks, and cultivate strategic partnerships. The approach focuses on creating collaborative relationships that drive innovation and long-term value.
06
Drive continuous improvement
Monitor key performance indicators (KPIs) and refine strategies to sustain procurement excellence. Establish feedback loops for ongoing optimization and strategic adaptation.
Solution Spotlight: Catalant Forward Deployed Experts™
Procurement Built for What’s Next
Bring procurement operators together with AI engineers to build AI-powered sourcing systems grounded in real spend and supplier data.
WINNING TOGETHER
Procurement Excellence Use Cases
Problem
A global consumer goods company struggled with decentralized sourcing practices, fragmented supplier relationships, and limited spend visibility. The use of duplicate suppliers and missed volume discounts resulted in inefficiencies, cost increases, and lengthy procurement cycles.
Action
Consultants launched a comprehensive procurement excellence initiative, developing a unified procurement strategy with centralized governance and implementing advanced spend analytics and contract management tools.
Results
- $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. Following a full operational assessment, the team of consultants implemented a new model supported by digital capabilities. The result: a 14% reduction in addressable spend, improved supplier delivery, and a 40% boost in internal stakeholder satisfaction.
Manufacturing Innovation in Procurement
A high-growth manufacturing company faced challenges with supply chain complexity, fragmented sourcing strategies, and limited production cost visibility. Consultants implemented a comprehensive procurement transformation, optimizing ERP systems and redesigning forecasting processes to enhance operational efficiency.
featured experts
Procurement Excellence Consultants
Terry Young
Catalant consultant
Ex-PwC and biopharma procurement transformation leader
Charlie Kantz
Catalant consultant
Procurement and strategic sourcing expert with global supply chain expertise
Terry Young
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.
Charlie Kantz
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.
Stephanie Lokker
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.
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