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Inverto, a subsidiary of the Boston Consulting Group, has appointed a new UK Managing Director, as it looks to forge ahead with expansion plans in 2019. Lance Younger joins the firm from Deloitte, where he was a Supply Chain Partner.
Supply chain managers in the UK face multiple challenges in the coming months. Increasing competition means many companies are being forced to keep prices low, as digital disruption sees many long-term market competitors losing market share to new arrivals, while a No Deal Brexit remains a very real possibility. As a result, the need to find ways of reducing spending and improving performance without passing on costs on to the consumer means that British procurement consulting will likely see a boom in 2019.
Founded in 2000, Inverto is an international business consultancy which works to help companies become more efficient and stay competitive. A subsidiary of the Boston Consulting Group (BCG) since 2017, its customers include international groups, leading medium-sized companies from industry and trade and some of the world's largest private equity companies, with services provided to this client base ranging from identifying and assessing the potential for cost reductions and improving performance, through to optimising the entire supply chain.
With over 180 experts across Europe, Inverto has become an integral part of BCG's value proposition, complementing the firm's fast-growing operations practice with deep procurement and supply chain know-how. As a result, the strategy consulting giant is keen for its Cologne-headquartered subsidiary to increase its global footprint, having already launched offices in Denmark (Copenhagen), Austria (Vienna) and China (Shanghai). It has also tabled UK expansion plans for 2019, aiming to help companies strengthen supply chain competitiveness and resilience against a backdrop of increasing economic and political uncertainty surrounding Brexit, and a productivity crisis.
In order to accelerate its growth into the UK market, Inverto has appointed a new Managing Director for its national presence there. A leader in procurement transformation, Lance Younger specialises in enterprise cost reduction and supplier management. As UK Managing Director, he brings more than 20 years of procurement and supplier management experience to the role, as he looks to lead the growth of Inverto’s British wing.
Before joining Inverto, Younger was most recently a Partner at Deloitte. He spent two years with the Big Four firm, once again focusing on sourcing, procurement, supplier management and digital transformation work. During his extensive career, he has also enjoyed spells consulting at Capgemini, Vervel, Ariba and EY, as well as a host of top industry names such as Goldman Sachs and Jaguar Land Rover, among others. Younger remains a Business Launch Pad Advisor for The Prince's Trust, as well as a member of Notion Capital's Expert Network, working with B2B SaaS companies.
Commenting on his new role at Inverto, Younger said, “Procurement continues to be a critical component for organisations to both deliver commercial and supplier management value. Inverto’s unique procurement insight and collaborative approach combine to consistently deliver an impact for our clients.”
Frank Cordes, BCG partner and Operations practice lead in Western Europe, added, “Procurement is a key area where companies can deliver tangible financial improvements and increase resilience, which is particularly important during this period of increasing economic and political uncertainty. Clients can now get the full range of consultancy services in supply management from a single source: an end-to-end solution from strategy to category management through to implementation.”
