Performance Advisory
...Performance Advisory Services (or Performance Consulting) is a wide ranging term that encompasses several consulting services/service lines that address issues across the entire value chain of the firm, including finance, operations, people, strategy, technology, and sales & marketing.
Decision-makers at all types and sizes of companies are seeking to transform their enterprises into environments that are adaptive, agile, and focused upon continuous improvement.
The need to respond to an increasingly competitive environment has been a major driver of demand for consultancy services, even as the demand for cost cutting and business process redesign/optimization projects grows.
According to industry reports on management consultancy, Performance consulting has become the largest service line, followed by the traditional leaders – IT Consulting & IT SI and Outsourcing.
Performance Consulting helps organizations in several areas, ranging in scope and objectives, from revenue enhancement to cost management. The focus areas typically include firm activities like inbound and outbound logistics, procurement, manufacturing operations, service operations, complexity management, change management, , business process redesign/reengineering.
Evolution
In the early part of the decade, companies were grappling with a global economic slow down and demanded performance improvement related services essential to reduce costs and increase margins. Outsourcing and supply chain initiatives were centered on sourcing and procurement for low cost destinations.
Companies wanted quick wins to decrease their high cost base built up during the preceding years of high growth and stabilize the declining profit margins. These factors created demand for sourcing and supply chain related services. Consulting services on cost identification, sourcing strategy, vendor...
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