How to conduct management consulting projects devoted to Purchasing & Procurement

During Consulting Projects, a lot of attention will be devoted to Purchasing & Procurement. Usually, this area generates big cost reductions and helps improve liquidity. Finding potential savings is not always easy and requires a well-organized approach to company purchases. Luckily, there are a lot of techniques and frameworks that will help you in a …

How to use Funnel Analysis in practice?

Funnels and funnel analyses are great tools that can help you find problems and opportunities, optimize processes as well as manage projects. They are widely used by technological firms. However, many industries are still not using them, despite their big potential. In this post, I will show you the main concepts. For more details, I …

Data Visualization Principles for Management Consultants & Analysts

In consulting you will spend a lot of time creating presentations to show the results of your analyses to the customer. That is why data visualization is so important. With a proper display of data, you have more chances of convincing the customers that your approach makes sense. Today, you will learn how to use …

How to cut costs – best practices from consulting

Every company has to control costs in order to survive and prosper. Therefore, many firms on regular basis perform cost reduction projects.  Cost reduction projects may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you …

How to change your business during the recession caused by coronavirus

A few years ago I have seen a documentary movie showing a refugee camp. To my surprise they have managed to create a mini economy inside the camp. There was a school, hairdressers, church, modest fast foods and small workshops. In other words even if the worst happens a new balance is created in which …

Top Management Consulting Techniques, Tools and Frameworks

Management Consultants are not born smart and almighty. They dress to look that way but most of their “magic powers” come from the application of simple techniques, frameworks, and tools. Do you want to master those “magic” tricks and be as smart as them? If the answer is YES, then let’s spend the next 20 …