5-STAR PROCUREMENT CONSULTING SERVICES TO ANALYSE YOUR SOURCE-TO-PAY PROCESSES
TAKE A DEEP DIVE INTO YOUR BUSINESS’ SOURCE-TO-PAY LIFECYCLE
Uncertain about the return on investment of a technology upgrade? There’s a way to identify the optimal solution — whether it’s technology implementation, process optimisation, or capability development. With our comprehensive Discovery Diagnostics approach, we’ll take a deep dive into your Source-to-Pay processes and pinpoint areas for significant improvement. Now’s the time to empower your procurement function to operate at peak performance, all while uncovering cost savings and efficiency gains.
Avoid the pitfalls with expert-led discovery
Many organisations tackle procurement transformation journeys only to face challenges in implementation and struggle to achieve desired outcomes. This can be due to a lack of experienced leadership, difficulty building a clear business case, or inadequate change management strategies.
Bloom Consulting understands the complexities of procurement transformation. Our team offers a comprehensive solution framework led by seasoned professionals boasting more than 80 years of combined experience. This way, you’re assured that you will achieve a successful and impactful procurement transformation.
Chart the course with collaborative workshops
Procurement transformation journeys often hit a roadblock during the review phase. Without clear priorities and goals defined, valuable resources are wasted, hindering significant improvement.
We understand the importance of identifying key opportunities early on. That’s why our review phase focuses on a series of collaborative workshops with your key team members. This way, we can work together to identify critical areas for improvement, define clear priorities, and create a clear roadmap for your procurement transformation journey.
What our customers are saying about us
Bloom was an outstanding delivery partner for a challenging remediation. They closely managed all aspects of the work, took great care to ensure the delivery was “right the first time” and displayed exceptional interpersonal skills at managing different relationships.
Fiona Barnes, ANZ Finance Project Manager
Finally find out what’s lurking beneath the surface
Without a clear understanding of the feasibility and potential benefits, you’ll miss out on significant improvements in efficiency, cost savings, and overall S2P performance. Our comprehensive approach removes the guesswork from your S2P transformation. With a data-driven analysis, you can make infor
Procurement Organization and Operating Model
Assess your team's strengths, resource allocation, and current workflows to identify areas for optimization.
Finance Business Process and Spend Analysis
Analyse your invoice processing, payment cycles, and spending patterns to pinpoint opportunities for cost savings and improved financial control.
Strategic Sourcing, Supplier Lifecycle Management, and Contract Management
Delve into your supplier strategy, vendor identification, negotiation tactics, and contract management practices.
Supplier Portal, Invoicing, and Supplier Payment Processes
Examine how you interact with suppliers to identify bottlenecks and inefficiencies.
Catalogue Management and Purchasing
Take a close look at your product and service catalogues and purchasing procedures to identify opportunities for standardisation, automation, and cost reduction.
Customers that have completed their Discovery Diagnostic journey
Expert advise from insights to implementation
Intelligent Spend Management (ISM) is more than just cost control. It’s a catalyst for strategic value creation. That’s our perspective on procurement transformation. Here’s how you can experience the future of spend management with us.
Vision & Plan
Establishing a clear path to success keeps your journey focused. We’ll assess your existing processes, systems and organisational change readiness to create a strategic plan and define the procurement transformation vision.
Align & Communicate
Buy-in across teams and business units enables a seamless adoption. We’ll work with your leaders and those most affected by changes — your users — to promote and sustain progress.
Train & Adopt
Procurement solutions provide opportunities to think and work differently. Leveraging the latest technologies and our custom, persona-based learning methodology, we give users the tools and knowledge to succeed.
Measure & Support
Effective transformation isn’t accomplished at go-live. We’ll ensure continuous improvement by measuring and modifying your organisation’s evolution, so you’re always on target to achieve your goals.
Hear it directly from our clients
Woolworths Procurement | Transformation Manager
ANZ Finance Project Manager
CPO, TAFE NSW
Begin your journey with 100% transparency
Seize control and unlock the full potential of your procurement function. In just 30 minutes, a strategy call with a procurement transformation expert can help you uncover actionable strategies tailored to your enterprise.
With our Discovery Diagnostic process, you can:
- Gain a clear understanding of your current Source-to-Pay (S2P) processes. This includes your procurement organisation's capabilities, financial processes, strategic sourcing practices, supplier management, and more.
- Identify areas for improvement across your entire procurement lifecycle. Our deep dive analysis will uncover opportunities to streamline processes, reduce costs, and enhance efficiency.
- Develop a data-driven business case for procurement transformation. We'll provide you with the insights and justification needed to secure buy-in for implementing improvements.
- Make informed decisions about technology, process changes, or capability development. Discovery Diagnostics will help you identify the most effective solutions to address your specific needs.
- Develop a comprehensive roadmap for your procurement transformation journey. We'll work with you to define clear goals, prioritise initiatives, and create a plan for successful implementation.
Discovery Diagnostics FAQs — insights for effective procurement transformation
What is Discovery Diagnostics and how can it help our enterprise?
Discovery Diagnostics is a service offered by procurement consulting firms like ours. It’s a deep-dive analysis of your organisation’s procurement function, specifically focusing on the Source-to-Pay (S2P) lifecycle. It acts as the initial assessment phase within a comprehensive procurement transformation process.
What are the benefits of Discovery Diagnostics for procurement transformation?
Discovery Diagnostics offers several benefits, including:
- Identifying areas for improvement – we pinpoint inefficiencies, cost-saving opportunities, and potential for process optimization
- Data-driven decision-making – the analysis provides valuable insights to support informed choices about technology, process changes, or capability development
- Building a business case – the findings help you create a compelling business case for procurement transformation, securing buy-in from stakeholders
- Developing a roadmap for success – we collaborate with you to define clear goals and a strategic plan for implementing improvements
How long does the Discovery Diagnostics process take?
The timeframe can vary depending on the complexity of your organisation and the scope of the analysis. However, a typical Discovery Diagnostics engagement typically takes 2-4 weeks to complete.
How much does Discovery Diagnostics cost?
The cost of a Discovery Diagnostics engagement varies depending on the size and complexity of your organisation. However, we are committed to providing competitive pricing. Contact us today for a free consultation to discuss your specific needs and receive a customised quote.
What happens after the Discovery Diagnostics is completed?
Following the Discovery Diagnostics, we will discuss the findings and recommendations with you in detail. This provides a solid foundation for moving forward with your procurement transformation journey. We offer several options to support you, including:
- Developing a detailed implementation plan
- Recommending and implementing technology solutions
- Providing ongoing support and training for your team
How does Discovery Diagnostics address challenges in specific procurement functions?
We tailor our approach to address your unique challenges. Here are some examples:
- For inefficient sourcing, we analyse your current supplier selection process and identify opportunities for cost reduction through better negotiations or alternative sourcing strategies.
- For slow approvals, we assess your approval workflows and recommend streamlining them to improve efficiency and reduce bottlenecks.
- For poor data visibility, we evaluate your data collection practices and suggest improvements to enhance transparency and support informed decision-making.
Does Discovery Diagnostics involve benchmarking against industry best practices?
Yes, benchmarking is a key component of our analysis. We compare your procurement practices against industry benchmarks and identify areas where you can improve performance metrics like cycle times, cost savings, or supplier management effectiveness.
Can Discovery Diagnostics be customised to address specific procurement transformation goals?
Absolutely. We work collaboratively with you to understand your desired outcomes for the transformation. The process can then be tailored to focus on the areas most critical to achieving those goals. For example, if cost reduction is your primary focus, we can place a stronger emphasis on spend analysis and identifying cost-saving opportunities.
What are the qualifications of the team conducting the diagnostic?
Our team comprises experienced procurement consultants with extensive knowledge of S2P processes, best practices, and technology solutions. Many of our consultants have held leadership positions within procurement departments, offering a real-world perspective on the challenges and opportunities you face.