Procurement Magazine May 2022 | Page 167

Helping organisations to develop sourcing strategies for a sustainable future , Bain & Company has been providing its consulting services for almost 50 years . Working closely with procurement teams , Bain & Company helps to identify and realise savings across all spend categories and procurement levers . The company offers its clients a strategic procurement planning process to chart an effective path , based on in-depth cross-functional alignment and a dedicated focus on overall business strategies . Bain & Company ’ s strategic procurement planning process includes a four-step approach : 1 . Budget and target-setting 2 . Defining the operating plan 3 . Executing the operating plan 4 . Tracking and validating EBITDA impact And it doesn ’ t stop there . Bain & Company offers its clients consulting services for ‘ buy better , spend better ’, ‘ closed loop saving capture ’, ‘ capability building ’, and ‘ digital foundations and enablers ’. procurementmag . com 167