Procurement advisory (purchasing advisory)

Here at Kronos Group, we believe in the transformational power of your procurement operations. Our specialised procurement advisory services are designed to unlock your procurement arm’s full potential.

Our approach to procurement is value addition for every single aspect of your purchasing and supply chain operations from your procurement personnel to your outsourcing operations. Longstanding partnerships with source-to-pay innovators like Ivalua help us deliver cutting-edge procurement solutions for all our clients.

Find out how our purchasing advisory services create higher value addition for your business operations.

How can we help:

Procurement maturity assessment

In a fast-paced business landscape, swift, accurate transformation is the key to success. Our Maturity Assessment Tool enables us to do just that by quickly scanning your business activities to assess your business’ procurement maturity.

Kronos Group’s skilled procurement advisory team then uses this information to give you customised business optimisation recommendations based on industry best practices.

Procurement excellence

We guide your procurement transformation through our expertise and excellence programs in:

• Category strategy and innovation
• Strategic sourcing
• SRM: audit, performance management, contract management, and risk management
• Performance monitoring
• Procurement business partnering
• Reach new heights of procurement excellence with Kronos Group’s expertise.

Procurement Transformation

When it comes to developing the procurement function, a business must juggle a host of priorities, stakeholders, and needs. Getting it right is not always easy, but leveraging the right expertise can help you ensure a smooth transition to more optimised and efficient procurement processes. 

Make the most of Kronos Group’s procurement consulting to enjoy procurement transformation down the line.

Our Specialised procurement transformation tools

Spend management platform

Initiate your Procurement 4.0 journey with Kronos Group and benefit from our streamlined processes, highly skilled consultants, experience, and advanced spend management platform. Digitalisation has never been easier.

Procurement training

Strategic investments must be made to help procurement reach its true potential.

People development has always been a priority for us at Kronos Group. We have advanced our expertise through our Centre of Excellence and numerous training programmes. Our commitment to this goal has led us to develop best-in-class procurement training including specific global programmes that explore theory, case studies, role play, and best practices in order to inspire exceptional procurement professionals.

We offer:

– Comprehensive training programmes with Kronos Group/UCL Chair on strategic sourcing and procurement

– In-company training: set up your Purchasing Excellence Academy or specialised training to meet specific company requirements

Procurement BPO

Procurement outsourcing service (BPO)

Efficient resource allocation is a priority when it comes to saving time, money, and minimising resource wastage. This efficiency can be enjoyed throughout your organisation when you leverage specialised Procurement BPO services. 

Create room for higher value addition by outsourcing lower value-added operational tasks.

Kronos Group’s specialised outsourcing services include:

• Spend analysis
• Category management
• Tail-spend management
• Sourcing
• Transaction management
• Compliance

Enjoy the highest value-addition your business has seen by outsourcing tasks with Kronos Group. D

Spend optimisation

Kronos Group delivers high-impact spend optimisation with our pragmatic seven-step methodology, customised to address unique company costs to address all types of spend and sector.

Operation Consulting:

Kronos Group’s value-addition goes beyond.

We cover all your bases with our Procurement Interim Management service that provides you with dedicated procurement interim managers, buyers, category managers, procurement managers, and CPOs.

We offer a range of procurement activities from procurement partnering, supplier relationship management, and performance management to risk management, contracting, data analysis, and strategy support.

Our experienced procurement consultants are also well-versed in industry innovations and best practices and have all the tools and knowledge to leverage their expertise to enhance your procurement function.

Everything you need to build a world-class procurement function, all in one place.

Our procurement partnerships:

When it comes to facing contemporary challenges in the procurement industry, a commitment must be made to evolution and development that is consistent, strategic, and geared towards transforming the industry. 

We get closer to this goal through our most recent alliance with EPSA and Kloepfel Group. 

Our alliance has formed the leading pan-European procurement service provider in the region and gives us the tools and expertise to help you prepare for the many challenges of the global market. 

Our industry experts leverage best practices and leading insights in finance to support

your organisation in achieving sustained financial resilience.

With finance consulting, your finance function can benefit from expert-led insights and experienced perspectives.

The advantages of financial consulting services are especially valuable for businesses looking for transformation through Finance 4.0 or other specialised strategies. Enjoy business transformation with finance consulting in Belgium.  

How can you benefit from finance consulting?

• Focus on the right priorities to benefit from efficiency gains. Your business priorities affect resource allocation, investment ideals, and reflect your objectives. Finance consulting can help you focus on the right priorities and boost efficiency.

• Reduce operating expenses without compromising the quality of your operations. Financial efficiency has a transformative impact on all business processes. Finance consulting offers practical solutions to help you lower your overheads.

• Increase value addition in sustainable ways. Value-added operations boost the overall brand value of your operations. It also establishes a system where lower value-added tasks are outsourced or reduced to make room for higher value-added operations.

• Launch robust risk management procedures. Preparing for crises is an increasingly critical priority for all businesses. With finance consulting, you receive expert guidance on how to prepare your business for disruption and uncertainty.

Finance advisory

Finance advisory can guide you to better investment and financial decisions that take you closer to your business objectives. 

Ensuring that your finance function is balancing the many priorities of operating in the modern business environment is a challenge. Finance experts help you overcome these challenges by pointing you in the direction of the right solutions and roadmaps to success. 

Our finance insights come from years of experience in the industry, knowledge sharing within our network, training at our Centres of Excellence, and dynamic opportunities for our team to develop their skills.

How we can help

Finance maturity assessment

The modern business landscape is fast-paced. That’s precisely why we use innovations like our Maturity Assessment Tool to boost our efficiency and produce a more accurate and timely assessment of your organisation’s financial maturity based on industry best practices.

Finance excellence

This allows us to take a more customised and strategic approach to higher value addition for your business. Kronos Group’s professional finance consulting services team has extensive experience in guiding finance transformation. 

Their expertise extends to:

– Finance business partnering

– Business cases and valuation

– Budgeting

– Reporting and analytics

Finance transformation

The best way to stay competitive in a global marketplace is to embrace finance transformation that aligns with your business goals.

This means implementing finance systems that support sustainable growth, flexibility, and resilience for better crisis management and recovery. This process includes:

• Reducing inefficiencies
• Making room for higher value addition
• Integrating processes
• Simplifying complexities
• Leveraging the right technology
• Cost optimisation

Our specialised finance transformation tools

Finance 4.0

Refocus your core activities and boost value creation with the power of Finance 4.0.

Our approach to Finance 4.0

We achieve our objective of building a sustainable business and financial performance that aligns with our clients’ company goals by focusing on business partnering, data analytics, insights, and value-creation.

Outsourcing

Finance outsourcing

Enjoy multifaceted finance optimisation by outsourcing lower value-added operational activities such as:

• Reporting
• Analytics
• Business cases
• Transaction management

Cost optimisation

A significant portion of savings and opportunities for higher value addition are neglected as companies focus on their core spend and overlook over 20% of their expenditure. Through our finance consulting services, we help you optimise other expenses including (but not limited to): 

• Utilities
• Fleet/fuel
• Logistics
• Marketing

Operations consulting

Kronos Group’s highly qualified finance consulting team possesses an academic background rooted in finance along with professional experience in major industries.

We nurture their talents through our Soft Skills Development Programme and arm them with the skills and tools they need to adapt swiftly, inspire trust, and gain stakeholder confidence with their expertise.

Our clients are assured that the recommendations made by our highly trained team will be impactful and strategic, as our specialities cover the fields of  finance 4.0, finance partnering/controlling, reporting, and systems/tools.

Kronos Group helps you maximise your business operations by providing the solutions and

frameworks required to establish a streamlined project management function.

How can you benefit from project management consulting?

• Improve the maturity of your current project management standing. With project management consulting, you receive a swift project management maturity assessment. This helps our experts deliver targeted and relevant support for the optimisation of your function.
• Go beyond anticipated value addition for each project. Projects present unique opportunities to boost the value of your business operations in sustainable ways. Ensure that your company is gaining the full benefit of your project through industry insights and best practices.
• Minimise project risks. The more value a project can add, the riskier it is likely to be. Ensure that the outcomes of your projects outweigh the risks by leveraging the skill and experience of project management experts. Gain more confidence in your project management system.
• Accelerate transformation. Achieve incredible transformative results on a much swifter timeline. With Kronos Group’s experienced insights, one of our pharma company clients has established itself in 5 European markets and gone from a RIPCO to a FIPCO on a timeline of just 12 months.

Our project management service model

Project management advisory

The best practices for operating in the modern market are evolving constantly. Ensuring that your operations are optimised to compete and succeed in this environment is supported by project management advisory. 

We help you make the most of practical and theoretical knowledge so that you are equipped with the solutions and frameworks you need to enjoy streamlined project management.

How we can help

Project management maturity assessment

Optimise your project management function with targeted strategies and insights enabled by our pioneering Maturity Assessment Tool that swiftly evaluates the maturity of your organisation based on proven best practices.

Poject Management Excellence

Receive hands-on, professional guidance for your project management transformation from Kronos Group’s skilled, project management consulting team. Leverage their expertise in the following areas:

• Governance and stakeholder management
• Planning
• Risk management
• Business cases

Project management transformation

Project management transformation

Our consultants are adept in incorporating the latest tools into your operations and can develop and sustainably run your PMO, program management or projects.

Project management training

For Kronos Group, personnel development begins with our own 120+ consultants. We boost our quality of service by investing in our Centers of Excellence and training programmes.

Over time, we started sharing our expertise by providing best-in-class training to our clients. Our customised and global training programmes cover areas such as theory, case studies, role play, and best practices-sharing.

Customised training programmes

We provide you with custom strategies to form your own Project Management Excellence Academy or leverage specific training to help your company achieve specific targets or requirements.

Project management outsourcing

Project management outsourcing service (BPO)

Streamline and enhance the value of your project management function through the support of Kronos Group’s project management professionals.

As part of our services, we optimise your activities and make them more risk-resilient by outsourcing lower value-added activities such as: 

• Planning
• Monitoring
• Steering committee preparation

Operations consulting

Expertise

Our project management team possesses a strong foundation of technical and practical skills and knowledge, including project management certifications.

Strong interpersonal skills

Working within multifunctional teams requires empathy, flexibility, and a host of other qualities nurtured by Kronos Group's Soft Skills Development Programmes.

Strategic impact

Kronos Group goes beyond basic project management techniques. We take the time to understand your vision, mitigate risks, manage stakeholders and more.

Generate spend reduction, enjoy cost optimisation, and increase your business' value with Kronos Group.

What we do

At Kronos Group, we embrace a thorough approach to cost optimisation, analysing your spend optimisation through audits, process improvement, sourcing, and competitive bidding levers. We show you how service-level enhancements, optimised consumption habits, and innovation can generate significant spend reduction and generate high value for our clients. 

We have enriched our knowledge on benchmarking and category assessment tools and have even developed a highly effective seven-step methodology. 

Most companies focus on core spend and overlook up to 20% of their expenditure. At Kronos Group, we collaborate with our clients to ensure that we engineer superior solutions and generate the highest return and value-addition for your company. 

We support the cost optimisation of the following areas of expenditure

How we help you optimise your costs

Here at Kronos Group, building transformational efficiency is tied to every aspect of our services. We understand the benefits of building robust critical business processes and functions. 

Today, we are dedicated to helping you create a streamlined finance function. This means managing your spend reduction and cost optimisation in a way that boosts the value and quality of your operations.

Unlock higher value addition with Kronos Group’s expertise & online Ivalua platform.

Optimise your tail spend with our best in class expertise & Ivalua, a

leading Procurement solution

At Kronos Group, we help you leverage the best digitalisation and outsourcing strategies to boost your value addition, accelerate the timeline of sourcing projects by 30%, reduce administrative burden by up to 70%, generate direct savings, reduce risks by employing proven experts, and dedicate more time and resources to higher value-added procurement goals such as innovation.

Our team’s experience has aided the creation of global savings proposals of 41.8%, translating to €4.6 million.

The extensive capabilities of our online Ivalua platform help you establish the procure-to-pay toolset you need to manage your tail spend, with extended catalogues, spot bids, and eAuction capabilities.

The impact of our targeted solution can be felt immediately in the improvement of your profit, cash, and steady line of supplies.