Practical, proven strategies for reducing risk, optimizing service and controlling third-party costs.

Third-party costs can account for a significant percentage of an organization’s total operating expenses and yet many organizations struggle to find the time, resources, market intelligence or support to effectively manage third-party spend. Furthermore, third-party risks continue to increase and most spend-management strategies fail to concurrently mitigate risks – including contractual, operational, financial, privacy and reputational – while also optimizing services and value.

Clients partner with HBR to leverage our market intelligence, expertise in strategic sourcing strategies, industry-specific benchmarks, and technology-supported analytics that lead to data-driven business decisions. Our procurement and cost management services focus on achieving significant recurring cost reductions and operational improvements within a compressed time frame, and provide measurable and sustainable results while freeing up resources for clients to strategically invest in other areas of their business.

HBR’s procurement + cost management services include expertise across:

People
  • Change + demand management
  • Contract review
  • Negotiation support
  • Organizational structure + alignment
Process
  • Category + contract management
  • Incumbent supplier assessment
  • Market intelligence + fact-based analysis
Strategy
  • Merger due diligence + integration
  • Organizational goal alignment
  • Research + information solutions
  • Strategic sourcing + cost reduction
  • Third-party risk management

Connect with our experts

Matt Sunderman
Managing Director
312.578.0812
msunderman@hbrconsulting.com

Kevin McClean
Managing Director
312.206.9553
kmcclean@hbrconsulting.com