The Mitchell Madison Group (MMG) is a global management consulting firm based in the United States that focuses on improving financial and operating performance for major corporations and private equity portfolio companies. It was founded in 1994 and re-launched in 2003. It is active in corporate performance improvement,

strategic sourcing Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price. It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, ...

marketing science Marketing science is a field that approaches marketing – the understanding of customer needs, and the development of approaches by which they might be fulfilled – predominantly through scientific methods, rather than through tools a ...

, pricing optimization, strategy consulting, and

big data Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...

analysis.

History

The firm was founded in 1994 with about 120 professionals as part of a management buyout by a group of

A.T. Kearney Kearney is a global management consulting firm with offices in more than 40 countries worldwide. Kearney has consistently earned top places among global management consulting firm rankings, such as Vault's Consulting 50 and ''Consulting'' magazine' ...

partners as A.T. Kearney was in the process of selling itself to IT outsourcing conglomerate EDS. The firm experienced rapid growth in the 1990s, primarily in its

practice, serving large financial institutions with 16 offices and almost 1,000 employees. The firm was sold in late 1999 for about $300 million to

USWeb USWeb was an interactive design agency founded in 1995 by former Novell executives Joe Firmage, Toby Corey, and Sheldon Laube during the dot com bubble. This included website design, backend engineering, usability, and one of the first SEO marke ...

, a Web design company which expanded during the dot-com bubble into management consulting. Subsequently, USWeb merged with Whitman-Hart, another consulting firm based in Chicago. The combined company was considered a merger of equals and had over 10,000 employees with annual revenues exceeding $1 billion, and soon renamed itself "marchFIRST". With the burst of the dot-com bubble, marchFIRST went into bankruptcy in April 2001 and its assets were liquidated. In 2003, Hans Dau with other partners, who were running the West Coast offices of the original Mitchell Madison Group, re-launched the firm by acquiring the brand name in bankruptcy court. By 2008, the firm had grown to about 150 employees with main offices on New York, Los Angeles and Manila and several satellite offices in Europe and Asia. The firm is featured, although not by name, in

Matthew Stewart Matthew or Matt Stewart may refer to: *Matthew Stewart, 4th Earl of Lennox (1516–1571), father of Henry Stewart, King of the Scots *Matthew Stewart, 2nd Earl of Lennox (1460–1513), Scottish nobleman *Matthew Stewart (mathematician) (1717–1785 ...

's book ''The Management Myth''. Stewart takes care not to state the name of the firm, but he does say that it was bought out by an Internet company whose CEO was named "Joe" and believed in UFOs.

Business

The Mitchell Madison Group works with large global corporations including private equity firms' portfolio companies on a variety of performance improvement, analytics and strategy issues. Industries served include technology, telecommunications, banking, insurance, entertainment, healthcare, business services, and manufacturing industries. The firm also assists major manufacturing companies with cost reduction initiatives and global strategic sourcing. In March 2011, the company partnered with ProUnlimited a contingent workforce provider, now called Magnit to provide SOW consultancy services to clients. MMG also spun off a separate software subsidiary "MMG Technologies, Inc." that is focussed on commercializing analytical RFP software using a patent pending cost-model technology. MyRFP.com was launched in May 2022 and exhibited for the first time at the Sourcing Industry Conference in October 2022.

Publications

Hans Dau is the author of the book "Strategic Sourcing Theory and Practice", 2nd edition, 2022 and a frequent contributor on the subjects of Strategic Sourcing and supply chain management for Bloomberg, The Washington Times, and other publications.

References

External links

{{official website, www.MyRFP.com International management consulting firms Privately held companies based in Wyoming Macroeconomics consulting firms Management consulting firms of the United States Research and analysis firms of the United States