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Practice

Advisory

Guiding our clients on the procurement transformation journey since 2007

Procurement organizations today
are under pressure like never before

They need to prepare to meet more complex demands from customers and the business. They need to be responsible and proactive to outmaneuver uncertainty in an environment that brings new challenges and new opportunities every day.

To tackle these challenges, Procurement leaders will benefit by creating a more customer-focused team that operates strategically, enables collaboration, and does so in an agile fashion. Efficiency should be increased through the optimization of people, process and technology.

Our team of procurement advisory consultants brings together applied procurement experience, intelligence, and superior expertise in a way that puts people first. Combined with our process and technology capabilities and key partnerships, we help make procurement a more strategic and robust function across the enterprise.

How We Guide
The Procurement Journey

Our team of experienced procurement consultants work with our clients to put the right people, processes, and systems in place to manage large and complex projects and programs in their entirety. This includes services and capabilities related to: 

Advisory Procurement Journey

Capability Improvement

Analyze, assess and recommend on how the procurement function can move to the next stage of maturity.

  • Procurement Process Maturity Assessment
  • Category Management
  • Strategic Sourcing
  • Contracting
  • Supplier Performance Management
  • Supplier Risk Management
  • Procurement Policy
  • Procurement Benchmarking
  • Procurement Gap Analysis and Improvement Recommendations

Technology Acquisition

Developing technology requirements to build and acquire fit for purpose solutions leveraging industry leading solutions.

  • Current Procurement Technology Landscape
  • Procurement Requirements Gathering Workshops
  • Use Case Development
  • Go to Market Strategy
  • RFx Development and Management
  • Bid Analysis
  • Provider Presentations
  • Final Selection

Organizational Design

Balance skill and scale of procurement workforce to align with corporate strategy.

  • Procurement Organization Design
  • Procurement Skills Assessment

Project Management

Balancing resources, tools and people through a well-managed scope and schedule.

  • Procurement Project Charter and Scope
  • Procurement Project Planning and Timeline
  • Stakeholder Management

Change Management

Lead, manage and enable the organization through the change journey.

  • Change Agent Network
  • Communications Planning and Execution
  • Training Strategy, Materials Development, and Execution

Finance Transformation

Help transform the finance function through digitization of accounts payable processes.

  • Accounts Payable Processes and Technology
    • Invoice Processing
    • Payment

Benefits of Working with our Advisory Team

Procurement organizations of all sizes, complexities, and maturity levels are seeking to take the procurement function to a higher level. By engaging with Velocity Procurement’s team of procurement specialists, our clients who embark on procurement transformation are achieving:

Restructured procurement operations enabling maximum strategic value

Renewed stakeholder buy-in to the procurement function

Increased competitive advantage that enables long-term growth

Improved supplier relationships and innovations

Visibility and control of procurement performance metrics

Increased sourcing savings and spend under management

Optimized operational efficiency through procurement process optimization and digitization

Reduced supply chain risk

Advisory Team Member Spotlight

Rachel Henney

Director
Advisory Services

Rachel Henney

Rachel Henney has over 20 years of experience in business, technology and procurement transformation. She has led and managed multiple procurement divisions, with a passion for finding opportunities to streamline processes and tools that make procurement easy for end users and fun for the procurement organization.  (Yes, procurement really can be fun!).  Rachel’s belief is that focusing on business and stakeholder value realization is critical to an optimized procurement delivery model. Rachel’s deep expertise in technology and workflow design, program management, data analytics, third party risk, and supplier optimization provides her clients with a holistic outcome-based approach to end-to-end procurement solution design for internal procurement operations, managed services and business partners.

Rachel also is dedicated to supporting her local community and is a member of multiple non-profit Executive Board of Directors focused on youth, small business growth, sustainability and the advancement of diverse businesses.  As a child, her participation in sports and music created a strong appreciation of being a part of a team, working together to learn, grow and support each other’s successes, something she continues to prioritize throughout her career.  

Rachel lives in Oregon, one of the best states to live in when you have a passion for outdoor adventures, as there is everything from snow covered mountains, high deserts, and rivers that run to the ocean.  She, her husband and their two daughters spend many weekends finding hidden gem camping spots throughout the Pacific Northwest.

Favorite Quote:

“Be kind whenever possible.  It is always possible.” – 14th Dalai Lama

Michele Harrison

Senior Manager
Digital Transformation

Michele Harrison

Senior Manager
Digital Transformation

Michele Harrison

Michele Harrison has significant experience in the procurement profession. She is a program/project manager with strong Procurement, Sourcing and Change Management experience. Responsible for all phases of program and project lifecycles from business case through to execution and post-execution results measurement. Proven performance in measuring, evaluating, and communicating program achievements with executives and steering committees.

Michele has extensive consulting experience in business requirements, process definition, gap analysis and training. Deep people, process and technology acumen across full spectrum of the supply chain lifecycle.

When she is not working with clients or striving to improve processes, Michele can be found lost between the pages of a book, cuddling with her cats, or planning her next travel adventure.

Favorite Quote:

Actions speak louder than words

Achieving Value

Transforming a procurement organization into a value-creating strategic partner is an ongoing process that requires the structured approach flanked by performance management. Velocity’s procurement consultants ensure your transformation team maintains focus and drives quality through the proactive management of all projects.

Average Days
of Improved Cycle Time

19
Through process improvement adoption of best-in-class automation

Average Headcount
Reduction

17%
Through process re-design, custom training, and improved oversight

Average Resource
Optimization

42%
Through the adoption of best-in- class automation and augmented out-tasking

Reduced Procurement
Cost Per Dollar

.76%
Through a comprehensive effort in diversity program design and adoption.

Increase in
Diversity Spend

14%
Through a comprehensive effort in diversity program design and adoption.

Reduced Cost Per
Processed Invoice

68%
Through optimizing AP Processes
“Knowing is not enough; we must apply. Willing is not enough; we must do.”
― Johann wolfgang von Goethe