August Consulting delivers procurement strategy at agriculture client
When a company in the agriculture sector needed strategic procurement advice, the company turned to August Consulting for counsel. The resulting jointly developed new procurement strategy helped the company save more than $3 million over three years.
The company, one of Australia’s most well-established agribusiness companies, engaged the Brisbane-headquartered consulting firm to improve its ability to manage its third-party spend, and to design a procurement operating model to support its business in the short and long-term.
As part of its procurement capability and development support service line, August Consulting provided a range of services to the client.
The scope of August Consulting’s work included:
- Mapping the business’ current state and understanding its strategic goals
- Providing data aggregation, analysis, categorisation and visualisation
- Reviewing various operating models, from centralised, decentralised, centre-led or a hybrid model in line with business requirements
- Consulting within the business, including running workshops with key stakeholders
- Reviewing practices to determine potential opportunities
Based on its analysis, August Consulting developed a proposed operating model, including proposed organisation and future role design. The firm also identified several key enablers and business improvement opportunities on which to build the foundation to ensure sustainable benefits over time.
The consultants then developed a proposed implementation plan and roadmap for the client’s preferred option, and a three-year capability roadmap across the procurement function to develop the skills required to move from a tactical to a more strategic procurement function.
Having undertaken a cost-benefit analysis, through detailed review, consultation and prioritisation, August Consulting developed a targeted procurement enablement program and associated operating model that – over a three-year period – helped save more than $3 million between all spend areas.
August Consulting is a procurement and supply chain consultancy with head office based in Brisbane.
