Procurement Consulting: What You Need to Know and How It Saves Your Business Money

Dec 20

Procurement: What You Need to Know and How It Saves Your Business Money

Do you know where every dollar of your business expenses goes? Unmanaged costs can silently erode profitability, reducing your ability to maximize resources and achieve business goals.

Procurement consulting connects your business with experts who help you manage your company’s expenses. Using advanced tools, data insights, and proven strategies, procurement consultants can find savings, boost efficiency, and increase profitability—all with minimal disruption to your operations.

Partnering with a Procurement Consultant Will Help You:

Cut Costs
Streamline Procurement Operations
Access Expert Advice

Procurement consulting isn’t just about managing spend—it’s about finding cost savings and improving your bottom line.

Direct vs. Indirect Procurement Consulting: Which One Fits Your Needs?

To see where procurement consultants can deliver the most value, it’s important to understand the two key areas of spend: direct and indirect.

Procurement consultants typically specialize in one of two areas of spend:

Direct Spend	Indirect Spend
These are expenses directly tied to the production of goods or services your company sells. Because these expenses directly impact revenue, they are often closely monitored and well-managed. Examples of Direct Spend: Raw Materials Components Packaging Production Equipment and Energy Logistics	These are the expenses that keep your business running but are not tied to the production of the goods or services a company sells. Examples of Indirect Spend: IT Marketing Facilities Management MRO (Maintenance, Repair, and Operations) Professional Services Legal Fees Travel Expenses

Indirect Spend Sometimes Goes Unmanaged

The management of indirect spend may be challenging for some organizations, particularly in smaller, newer, or rapidly growing companies where resources are stretched thin and priorities are focused elsewhere.

Procurement consultants specializing in indirect spend can deliver transformative results by:

Revealing Hidden Waste: Identifying overlooked expenses like duplicate software subscriptions or outdated contracts, for example.
Unlocking Better Deals: Renegotiating supplier terms for greater savings and improved value.
Streamlining Spending Categories: Organizing and optimizing unmanaged areas like marketing, IT, and facilities.
Maximizing Every Dollar: Ensuring operational expenses directly contribute to your business goals.

Without full visibility and management of these expenses, businesses risk missing significant savings opportunities. In fact, many companies can achieve up to 20% savings with proper management—savings that can be reinvested into your core business operations.

Is Procurement Consulting Just for Large Companies?

Not at all. Small-to-medium-sized businesses (SMBs) and companies without dedicated procurement teams can benefit just as much—if not more—from working with a procurement consultant. For these companies, procurement consulting provides access to expert guidance and resources without the overhead of hiring a full-time team.

Even companies with moderate spend or minimal inefficiencies can uncover surprising savings with a focused, expert-led approach. Every dollar saved adds up to meaningful gains.

5 Signs Your Business Needs a Procurement Consultant

Even the most well-managed companies can benefit from a fresh perspective on their spending.

Here are a few signs that a procurement consultant might be the right fit for your organization:

1	Limited Visibility into Your Expenses	Are you confident you know where every dollar is going?
2	Missed Savings	Do you regularly renegotiate supplier contracts, or could better terms be leaving money on the table?
3	Resource Constraints	Is your team stretched too thin to manage supplier performance and minimize risks effectively?
4	New Service Needs	Are you certain you're sourcing the best suppliers at the right price when entering new expense categories?
5	Hidden Inefficiencies	Could external expertise uncover waste or savings that your team has overlooked?

If any of these questions resonate, it may be time to explore procurement consulting. Consultants bring targeted expertise, actionable strategies, and fresh insights that enhance efficiency and unlock significant savings—all without disrupting what’s already working in your business.

Procurement Consulting Services That Save You Money

A procurement consultant provides targeted solutions to reduce costs, uncover savings, and maximize value across your business. These services include:

Procurement Consulting Service	How It Saves Money	Recommended Article
Spend Assessments	Analyze your spending to identify waste, streamline expenses, and create a roadmap for cost savings.	Why Every Company Needs a Spend Assessment for Operational Savings
Contract Management	Centralize agreements, prevent missed renewal deadlines, and negotiate better terms to avoid costly lapses.	Are Your Supplier Contracts Costing You More Than You Think?
Supplier Pricing & Compliance Reviews	Ensure pricing accuracy, correct overcharges, and renegotiate unfavorable terms to reduce unnecessary costs.	Contract Audits: Are You Overpaying Your Suppliers?
Supplier Management	Strengthen supplier relationships to improve performance, secure better pricing, and reduce risk-related expenses.	Strategies to Reduce Operational Expenses (OPEX)
Strategic Sourcing & RFP Management	Identify the best-fit suppliers, negotiate competitive pricing, and avoid overspending through streamlined sourcing processes.	The Cost of Skipping RFPs: Why Structured Supplier Selection is Key for Big Purchases

Why Choose Wolfe Procurement as Your Procurement Consulting Firm?

Wolfe Procurement stands out as a trusted partner for businesses seeking to optimize spending and achieve measurable results. Here’s what sets us apart:

30+ Years of Procurement Excellence

With decades of experience, our team has the expertise to uncover savings and deliver results efficiently, saving you time and resources while avoiding the cost of building an in-house procurement team.

Achieve Savings That Pay for Themselves

Our clients consistently see savings that cover—or often exceed—our fees. We focus on delivering value that improves your bottom line without additional financial risk.

Flexible Service Models for Every Business

Whether you're a small-to-medium-sized business or a large enterprise, our tailored solutions ensure you get exactly what you need—nothing more, nothing less.

When you work with Wolfe Procurement, you’re not just cutting costs—you’re gaining a strategic partner dedicated to your long-term success.

Ready to Uncover Hidden Savings?

The first step is a Spend Assessment—a proven way to uncover savings opportunities, reduce waste, and take control of your expenses.

Discover how much your business could save!

Shelley Liscio