Q1 2019

US BUSINESS NEWS / Q1 2019 23 , Bain&Company And Procurement Leaders Join Forces ToHelp Companies Transform Into Best- In-Class Procurement Organizations. Best-In-Class Bain & Company, the global management consultancy, and Procurement Leaders, the world’s most- valued network for procurement professionals, recently announced a multi-year thought leader partnership. The two organizations, which previously collaborated on several projects in 2018, will focus on helping companies transform into best- in-class global procurement organizations. “This partnership is a valuable combination of Procurement Leaders’ unrivaled member network and industry leading thought leadership, paired with our proven track record of results in transforming procurement organizations,” said Caperton Flood, Bain & Company’s global Procurement practice lead. “Our goal is to work together to study and socialize procurement’s best practices and ultimately bring leading thinkers together to drive more insight, accelerate change and deliver transformative value within procurement and across supply chain.” Bain & Company’s procurement expertise empowers companies to use their purchasing powers strategically, applying the firm’s Buy Better + Spend BetterSM approach to unlock new levels of savings and improve all aspects of value delivery to their stakeholders. Procurement Leaders supports a member and partner network of 750+ leading global companies and 33,000+ senior leaders to make faster and more informed decisions, follow practical and proven paths to success, ensuring continuous functional improvement. This collaboration will provide a new and powerful platform, offering Procurement Leaders’ network exposure to additional resources through Bain & Company’s world- class research and solutions. Nandini Basuthakur, CEO Procurement Leaders, said “I have been impressed with the reach of this partnership offering and global activities to date. We are jointly defining the next frontier of procurement and highlighting the game changers from our member and partner network. In 2019, this collaboration will yield unprecedented opportunities and strategies for building talent, digitalization, innovation, sustainability and great value.” Bain & Company will be present at Procurement Leaders events throughout 2019, including the Americas Procurement Congress, the World Procurement Congress, the annual Agility & Transformation Forum, the APAC Procurement Congress and Ovation – an invitation- only retreat for the world’s most dynamic and innovative global CPOs. Procurement experts from the firm’s partner group will speak at each event. Bain & Company and Procurement Leaders will also partner on a forthcoming survey of Chief Procurement Officers (CPOs), which will pulse the views of CPOs to gain insights regarding priorities for 2019 and how they are thinking about the future of the function. Procurement Leaders is part of the Bain Alliance Ecosystem – a network of best-of-breed partnerships with complementary tool, technology, and service providers that accelerate delivery of breakthrough client results. Through the Bain Alliance Ecosystem, Bain & Company clients have access to relevant new capabilities, enabling faster assimilation of new ideas, skills, and ways of working.