Consulting Procurement Best Practice - Market Research Reports On Aarkstore Enterprise

Introduction

Introduction

Research from Orbys has revealed that organizations approach consulting procurement in an inconsistent and fragmented manner. Available data are not used to best effect, diverse practices and non-standard processes are implemented simultaneously, and value is not measured, leading to budget overruns and poor project scoping. There is considerable opportunity for improvement in all areas.

Scope

*Analysis of the recent trends observed regarding the ways in which organizations set about hiring and managing third-party management consultants.

*This guide outlines Orbys own consulting procurement best-practice methodology that it uses with its clients.

Highlights

Consulting projects tend to be ad hoc, and tailored specifically to a unique problem that an organization is facing. The first question to ask is whether using a third-party consultant is the right way to solve your specific problem. In addition, try to plan any spend you intend to make on third-party consultants well in advance.

Reasons to Purchase

*Provides advice on how to plan spend on consulting projects, which regularly overrun their budget allocations, costing millions of dollars each year.

*Planning engagements effectively across an organization can create further savings by enabling strategic leverage during the negotiation phase.

*Managing consultants properly enables "win-win" realtionships that create more value from engagagements in the long-term.

Table of Contents :

Overview 1

Introduction 1

About the co-author 1

Summary 1

Methodology 1

Executive Summary 2

Seven best-practice considerations 2

Table of Contents 3

Table of figures 3

Table of tables 3

Consulting Procurement Best Practice 4

Proper procurement saves money 4

Select the optimum sourcing approach 4

Define the scope of the engagement to be delivered 5

Enroll and align your stakeholders 7

Select the right candidate consultancies 8

Competitively tender the engagement and execute the right contract 10

Be clear on what you are buying and how you are paying 13

Manage the consultant and realize the value you wanted 15

APPENDIX 18

Further reading 18

Ask the analyst 18

Orbys Consulting 18

Disclaimer 18

List of Tables

Table 1: Good reasons for using a third-party management consultant 5

Table 2: Bad reasons for using a third-party management consultant 5

Table 3: The key consideration is specifying the scope of an engagement 7

Table 4: Key issues in stakeholder management 8

Table 5: Characteristics of the right consultancy and the right contract 12

Table 6: Key commercial considerations 14

Table 7: Key factors in successful engagement management 17

List of Figures

Figure 1: Engagements with a pre-agreed scope of work 6

Figure 2: Use of market intelligence (MI) in consultancy procurement 9

Figure 3: Use of standard information systems 10

Figure 4: Engagements that have underdone competitive tendering 11

Figure 5: Use of a standard contract format 12

Figure 6: Pricing basis for over half of total spend 14

Figure 7: Engagements managed in a standardized way 15

Figure 8: Engagements in which the value is measured 16

For more information please visit :

http://www.aarkstore.com/reports/Consulting-Procurement-Best-Practice-59178.html

by: Aarkstore Enterprise

POST COMMENT

Want To Make Money In The Stock Market? Here's How You Can! Production And Market Of Gum Rosin In China-----aarkstore Enterprise Three Most Profitable Shapes Of Personalized Mugs Site Sell Scam Aarkstore Enterprise-- Production, Market And Manufacturing Cost Of Sugar Alcohols In China Aarkstore Enterprise----paraformaldehyde Production And Market In China The 3 Most Popular Online Marketing Mistakes Choosing The Right Marketing Materials How To Understand Stock Market Symbols Article Marketing Success-use This One Simple But Successful Method Article Marketing-2 Diverse But Successful Approaches To Article Marketing Success Custom Logoed Pen And Pencil Sets As Marketing Giveaways 2 Critical Keys To Article Marketing Success