Written by Marijn Overvest | Reviewed by Sjoerd Goedhart
Fact Checked by Ruud Emonds | Our editorial policy

9 Best Procurement Consulting Firms of 2025

What are procurement consulting firms?

  • Procurement consulting firms advise organizations on optimizing their procurement processes to achieve cost savings, improve efficiency, and manage supplier relationships.
  • Having a procurement consulting firm or consultant gives you the advantage of making procurement processes smoother and more efficient.
  • Procurement consulting firms offer a range of services, including business process reviews, strategic procurement guidance, system implementation, and procurement training.

What is a Procurement Consultant?

A procurement consultant is a professional who helps organizations optimize their purchasing processes, negotiate better deals, and manage supplier relationships. Their goal is to reduce costs, improve efficiency, and ensure the organization gets the best value for its money.

Usually, procurement consultants have four areas of focus which are the following:

  1. Business Process Review: Identifying inefficiencies and opportunities for improvement in procurement workflows.
  2. Strategic Procurement Advice: Providing insights into long-term cost-saving and supplier relationship strategies.
  3. Procurement System Installation: Implementing software solutions to streamline procurement processes.
  4. Procurement Training: Equipping teams with the knowledge and tools needed for sustainable improvements.

If you’re not looking for an external procurement consultant but would like to upskill your procurement team to tackle challenges on their own, consider exploring our procurement courses or get in touch to see how we can consult your team

9 Best Procurement Consulting Firms

Here are the 9 best procurement consulting firms of 2025:

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1. Bain & Company

LinkedIn: Bain & Company: Overview | LinkedIn

Company Profile: 

Started as a company that is into global consultancy that helps the world’s most ambitious change-makers define the future, Bain & Company was founded with the sole purpose of helping their clients in achieving their goals. Founded in 1973 and with a company size of 10,000+ employees, Bain & Company is certainly included in one of the best procurement firms.

It’s a company that earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, thus you know that this company is at the top 2% among procurement consulting firms.

How can this company help procurement managers: With years of experience in procurement processes, Bain & Company work alongside their clients as one team with a shared ambition in achieving extraordinary results. According to their social media profile, the results include outperforming the competition and redefining industries.

2. GEP Worldwide

LinkedIn: GEP Worldwide: Overview | LinkedIn

Company Profile:

Founded in 1999, GEP Worldwide is considered one of the best procurement consulting firms in the world. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms are always winning awards and recognition from research firms, media outlets, and industry analysts.

GEP is also regularly ranked a top supply chain consulting and strategy firm and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG, and HfS, among others.

How can this company help procurement managers: GEP boasts about having smart, passionate people running the company. They are able to help their clients with their fresh thinking, innovative products, and unrivaled domain expertise.

Their products deliver supply chain resolutions of unprecedented scale, power, and effectiveness. They also have an impressive record of clients, including Fortune 500 and Global 2000 companies from all over the world.

3. Oliver Wyman

LinkedIn: Oliver Wyman: Overview | LinkedIn

Company Profile:

Another company that is considered a world leader in management consulting, Oliver Wyman was founded in 1984 with the goal of helping every business leader improve their operations and risk profile.

The company now has offices in 60 cities and operates across 29 countries. A subsidiary of March McLennan, another company that is also a leader in supply chain and procurement, the company works together in offering world-class professional services in procurement strategy and risk.

How can this company help procurement managers: With offices in 60 cities and 29 countries, Oliver Wyman brings its expertise to procurement managers who are in great need of assistance with their procurement processes. The firm has over 5000 professionals from all over the world who are more than ready to assist their clients.

4. PwC

LinkedIn: PwC: Overview | LinkedIn

Company Profile:

While it is more of an accounting firm, PwC has its own share of assisting businesses and people in terms of tax services, tax advisory, and quality assurance.

While not entirely a procurement firm, the services they provide are a big help for offices that are in need of a consulting firm for their spending and purchasing needs.

How can this company help procurement managers: PwC has over 284,000 employees who are more than happy to help procurement managers in dealing with procurement and sourcing processes. The company has more experience in handling accounting, tax, and any other professional services.

5. VIE Healthcare Consulting

LinkedIn: VIE Healthcare® Consulting: Overview | LinkedIn

Company Profile:

According to their LinkedIn page, VIE Healthcare Consulting is “the only consulting service provider with a proven capability through our in-house expertise and internal resources to analyze all of your non-labor costs to dramatically improve your operating margins and economics of your organization.”

Proof of this is the numerous healthcare organizations that trust VIE Healthcare Consulting with assisting them with their procurement needs.

How can this company help procurement managers: VIE Healthcare Consulting is more directed towards healthcare companies that need assistance with procurement and/or sourcing issues. If a procurement manager’s company is more into the healthcare service, then this consultancy firm is a good choice.

6. Boston Consulting Group

LinkedIn: Boston Consulting Group (BCG): Overview | LinkedIn

Company Profile:

Another world leader in the procurement and supply-chain services, BCG or Boston Consulting Group is working closely with clients to embrace a transformational approach at benefitting all their stakeholders.

Founded in 1963, the company partners with business and society leaders in tackling the most important challenges for their business. BCG is proud of delivering solutions through leading-edge management consulting, technology, and design with the help of its diverse global teams. 

How can this company help procurement managers: Boston Consulting Group has been assisting several clients since 1963. Until now, the company is working closely with clients through leading-edge management consulting, technology and design, and corporate and digital ventures. 

7. Deloitte

LinkedIn: Deloitte: Overview | LinkedIn

Company Profile:

Who hasn’t heard of Deloitte?

If you’re into management consulting, then you’ve probably heard of this company. One of the many branches of Deloitte Touche Tohmatsu Limited, Deloitte has over 10,000 employees all over the world and is largely involved in managing companies over important aspects of their business.

And this largely involves procurement and the supply-chain process. The company also offers consulting, audit, financial advisory, tax services, and risk management.

How can this company help procurement managers: Deloitte is more of an accountancy consultancy service. While their services do not focus mainly on procurement and sourcing, their accounting and financial advisory services are much sought by procurement managers during a procurement process.

8. McKinsey & Company

LinkedIn: McKinsey & Company: Overview | LinkedIn

Company Profile:

Mckinsey & Company is a global management consulting firm. And just like all leading management consulting firms, the company works with leading organizations across the public, private, and social sectors.

Their scale, scope, and knowledge allow the company to address issues that no other company can. With over 10,000 + employees and a mission to build capabilities and leadership skills at every level, it’s no wonder that Mckinsey & Company is included as one of the best procurement consulting firms.

How can this company help procurement managers: A global management consultancy firm, McKinsey & Company has helped procurement managers from all over the world for years now.

Procurement managers can expect internal support and practical recommendations from this consultancy firm. McKinsey & Company has helped lead organizations across private, public, and social sectors.

9. Procurement Tactics

LinkedIn: Procurement Tactics: Overview | LinkedIn

Company Profile:

Saving the best for last, it is us, Procurement Tactics. The team of Procurement Tactics has over 20 years of experience in procurement and negotiations, including 7+ years within the commercial department of a large global retailer and over five years in online start-ups & business funding. Thus, we certainly can help you with your procurement. 

How can this company help procurement managers: With the years of experience of our procurement team, we can help you create solutions to whatever procurement problems you may have. Additionally, our team at Procurement Tactics are all master negotiators. Thus, we can help you to secure the deals you have. 

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What Can a Procurement Consultant or Firm Offer?

Many people think that employing a procurement consultant is just an additional cost for a business. However, it is far from the truth. Hiring a talented and skilled procurement consultant is vital to achieving business success.

When the procurement strategy is aligned with the organization’s goals and objectives, it can expect to gain these benefits:

  • Stay at a stable target liquidity level
  • Win market share
  • Adjust and adapt to meet new customers’ demands.
  • Reduction of external supplier spend
  • Continues to be profitable
  • Enhance supplier relationships
  • Streamline your supply chain
  • Operational improvements
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What is a Procurement Strategy?

We discussed earlier that the procurement strategy must be aligned with the organization’s goals and objectives to ensure business success. However, what is a procurement strategy?

A procurement strategy refers to a comprehensive, long-term plan aimed at building strategic partnerships with suppliers to ensure the acquisition of high-quality materials and services at the most competitive prices. More than just purchasing, a well-crafted procurement strategy aligns with the organization’s broader goals, focusing on efficiency, cost control, and risk management.

The procurement strategy defines the processes by which procurement decisions are made, ensuring that every step of the procurement cycle—from sourcing to negotiation—supports business objectives and drives long-term success.

What Determines the Best Procurement Consulting Firms?

One of the questions in your mind right now must probably be why you need to find out who are the best procurement consulting firms. You are thinking, ‘I can just simply apply for any procurement company.

Why do I need to look for the best ones?’ The answer to these questions is rather simple; you owe it to yourself to work for the best procurement companies because it is the only way that you’ll get the experience needed to become a good procurement manager or director.

Yes, our Negotiation Course For Procurement Professionals certainly has all the means to provide you with the best skills and training to become a force to reckon with in the procurement career, but you’ll also need experience. You need to have the experience and the mental fortitude to be able to handle a procurement team on your own.

Only in the best procurement consulting firms will you be able to step up your game, so to save time and effort, apply for one of the best procurement firms and make your mark there!

Why Should You Consider a Procurement Firm?

Hiring a procurement firm might seem like an added cost, but if your company is struggling with its procurement process and doesn’t have an in-house procurement expert, then working with a procurement firm can be a smart way to make your procurement processes smoother and more efficient.

Procurement firms also allow you to comply with the procurement standards and regulations in place, especially if you are just starting your business.

Furthermore, just making enough profit is tough for today’s startups, and it’s even harder when a company hasn’t built a strong foundation for growth.

With the global supply chain facing significant disruptions, there’s a bigger emphasis on being in charge. While having control might cost more, taking steps to lower risks, like moving production closer to home, can reduce the impact of global events on your company’s operations.

How to Choose a Procurement Firm?

Here are some ways to choose the best procurement firm for your business:

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1. Determine the level of your need

The success of your procurement process depends on understanding where your team may be lacking. Start by identifying gaps in expertise or capacity. Do you need help with strategic sourcing, contract management, or supplier negotiations? Consider the specific challenges your procurement team faces—whether it’s scaling up, optimizing supply chains, or improving supplier relations.

By thoroughly assessing these areas, you will have a clear understanding of what kind of procurement services will benefit your business most. This also ensures that the firm you choose can offer tailored support that drives measurable results. 

2. Decide how much you want the procurement firm to be involved.

Once you’ve assessed your needs, decide how extensively you want the procurement firm to engage with your business. Do you need them to supplement your existing procurement team, offering expertise in specific areas such as risk management or sustainability? Or are you looking for a firm to take full control of your procurement processes, from sourcing to supplier performance evaluation?

This decision will impact how integrated the firm will become within your operations. It’s essential to ensure the level of collaboration aligns with your long-term goals, as some companies may require occasional consulting, while others might need a more hands-on, continuous involvement.

3. Evaluate the Affiliations of the Procurement Firm

Some procurement firms operate as intermediaries, earning commissions from both sellers and buyers. While this model can facilitate smoother transactions, it may introduce potential bias or conflicts of interest. For instance, the firm may prioritize suppliers from whom they earn higher commissions, potentially compromising your organization’s best interests.

Before making your decision, ask procurement firms about any affiliations they might have with suppliers or other third parties. Evaluate whether these relationships align with your business objectives and values. Transparent firms will be upfront about their connections and will ensure that their incentives are aligned with your procurement goals.

I have created a free-to-download editable procurement strategy template. It’s a PowerPoint file you can use to create a strategy after taking advice from a consulting firm. I even included a video where I’ll explain how you can use this template.

Procurement Expert’s Advice on Procurement Consulting

For this article, we asked an experienced procurement expert to share her insights to help answer common questions about procurement consulting.

Miriam Fuchs
Founder/Owner, M. Fuchs Consulting GmbH

LinkedIn Profile: linkedin.com/in/miriam-fuchs

1. Can you give us some examples of consulting challenges you are facing at the moment in your consulting company? How do you help your team with that?

“One of the primary challenges we’re dealing with currently is the disrupted supply chain, even though it has improved post-COVID. Managing post-COVID disruptions, such as fluctuating prices and disparities in different regions, remains a significant concern.

However, the biggest challenge is changing the perception that procurement is merely a service function. This misconception is more prevalent among the management than the procurement teams.

Addressing this internal perception issue and navigating the political dynamics within the company are ongoing challenges. Externally, working with mid to large-family companies poses visibility challenges with potential suppliers.

Additionally, the digitalization gap is evident in medium-sized companies, where reliance on Excel tables persists despite the push for modernization.

2. What is the best process to win a tender as a procurement consulting company or person?

“Personally, I’ve been fortunate as my network has brought clients to me without active acquisition efforts. The key has been word of mouth from former business partners and suppliers spanning over 15 years.

While I may not have actively pursued clients, having a robust network has been essential. Building and maintaining this network, rooted in trust and recommendations, has been my winning strategy.”

Follow-up question: From your experience, what’s the most important thing you learned from other consulting firms?

“Having worked extensively with large consulting firms like PWC and McKinsey, I acknowledge their intelligence and purpose but question their depth of procurement experience. Many people sought my expertise due to a perceived lack of genuine procurement knowledge in these big consulting companies.

Medium-sized consulting firms, however, have a growing trend of bringing in niche experts, like myself, for specific projects. This approach, I believe, offers a more focused and valuable service compared to the broad claims of expertise from larger consulting firms.”

Follow-up question: If you could name a tip for procurement professionals while dealing with procurement consulting firms, what would your tip for people working within a company, what would that be?

“My top tip for procurement professionals dealing with consulting firms is to start by thoroughly examining the CVs of the consultants assigned to their projects. Hands-on procurement experience is crucial. Additionally, checking the network of these consultants is equally important.

A strong professional network is a key success factor in procurement, and ensuring that consultants are deeply embedded in the procurement field adds value to the consulting engagement.”

Conclusion

In conclusion, procurement firms are crucial for modern businesses. They provide the expertise needed to handle procurement effectively. Although you may see it as an extra cost for your business, many businesses and startups need it at the start of their business to ensure that your procurement process functions well.

Furthermore, a reliable procurement firm can significantly improve your company’s procurement processes, making them more efficient and contributing to your overall success in a competitive market.

Frequentlyasked questions

What services do procurement consulting firms offer?

Procurement consulting firms provide expertise in areas like strategic sourcing, supplier negotiations, and procurement system implementation. They help companies streamline procurement processes and improve cost efficiency.

Why should my business hire a procurement consulting firm?

Hiring a procurement consulting firm brings specialized knowledge and strategies that can optimize procurement operations. This often leads to cost savings, improved supplier relationships, and compliance with industry regulations.

How do I choose the right procurement consulting firm?

Start by identifying your company’s specific procurement needs and challenges. Then, evaluate firms based on their expertise, industry reputation, and alignment with your business goals.

About the author

My name is Marijn Overvest, I’m the founder of Procurement Tactics. I have a deep passion for procurement, and I’ve upskilled over 200 procurement teams from all over the world. When I’m not working, I love running and cycling.

Marijn Overvest Procurement Tactics