Meet Abi
Abi will answer all Management Consulting related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Discover Market Info
Get up-to-date market and supplier info on Management Consulting to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Manage Risk
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Assess Category Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Management Consulting related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Management Consulting to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
$109 Bn
$107 Bn
$44 Bn
$8 Bn
Category Intelligence on Management Consulting covers the following
Strategy Consulting
Operations Consulting
This service improves the effectiveness of the buyer’s value chain by improving each of the major processes in client operations.
Financial Advisory
Financial and risk advisory services reduce risk exposure for clients by assuring and justifying business decisions and assuring regulatory compliance. They also support identification, reduction and management of business risk
HR Consulting
This service is aimed at managing employee lifecycle. It also involves consulting with regard to the people component of change management
Need for the operational efficiency, compliance to regulations, and technological advancements are driving the demand for consulting services. On the other hand, freelance consulting industry and in-house consulting groups are posing threat to traditional consulting business model
Drivers
Organizations are constantly trying to reduce costs and increase their efficiency, so that the cost savings can be transferred to the customer as a means to withstand intense competition. This is leading to growth in demand for business process improvisations and consulting related to operational efficiency.
MNCs are actively seeking consulting advice on following technology skill sets: Agile, Artificial Intelligence, and analytics. Both product and service corporations are increasingly investing on user experience design, customer-focused data analytics, and customer engagement strategies, so that corporate buyers have greater demand for digital marketing and transformation consulting.
Regulatory changes, like the US Tax Reform, BREXIT, EU GDPR (General Data Protection Regulation) and others, have led to an increase in demand for consulting across all major service lines. In order to stay compliant to regulations, multinationals will seek high-value advice, thereby fueling the demand for the management and regulations consulting
Business Model re-inventions
To adapt to changing customer requirements and advancing technology, businesses are re-inventing business models for which they require skill and expertise of category management consultants.
Constraints
Pricing and flexibility offered by independent/freelance consultants has led to rapid expansion of freelance consulting segment. For e.g., in the UK, independent consulting industry account for 10 percent of £10 billion consulting market. Freelance consulting sector is hence expected to eat up traditional consulting firm/industry revenues, in the near future
Large organizations are setting up in-house consulting groups and recruiting former consultants into management positions, thereby reducing the usage of external consultants.
Few other reasons hampering consulting industry growth, revenues, and clientele are time crunch for nurturing client relationships, consultant's need to provide more value to clients at the same cost, and unavailability of sufficient time to effectively respond to client RFIs/RFPs
Knowledge Commoditization:
The tools, templates, and models of consultants regarded as intellectual capital can no longer be kept a secret in the internet age. The democratization of knowledge affects the consulting industry.
Profit
Industry profit margins have varied over the past five years, but have generally shown a trend toward expansion, as consultants have enjoyed lessening price competition in a high-demand environment
The industry's largest players are Accenture, Deloitte, and McKinsey & Company
Over the next five years, industry profitability is expected to remain steady, as rising global business sentiment and profit drive new businesses
Wages
Due to the intense competition in the industry, operators have placed a premium on hiring highly skilled consultants to provide superior service
Employees often earn high wages, which has increased relative wage spending
Industry operators have hired more consultants with skills (such as Big Data analysis), which has exerted upward pressure on relative wages
Complimentary 12-month access to Beroe LiVE
COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)