State of Flux

What State of Flux does

State of Flux is a privately held UK-headquartered supplier relationship management (SRM) consultancy and technology firm operating for 22+ years under the legal entity State of Flux Limited. It serves large enterprise clients across financial services, telecommunications, food & beverage, retail, healthcare, manufacturing, energy, and government, with regional offices in London (EMEA headquarters), Melbourne (APAC), and Chicago (North America). Named clients include Microsoft, Mars, Starbucks, Telstra, Westpac, Kellanova, Air France KLM, INEOS, Discover Financial Services, Cancer Research UK, Airservices Australia, and Transurban.

The company's core technology asset is SupplierBase, a cloud-based SRM SaaS platform that centralises supplier data, performance scorecards, contract management, risk monitoring, and collaboration workflows with real-time dashboards. Adjacent offerings include the Voice of the Supplier (VoS) survey-based assessment, a proprietary Supplier Segmentation Framework, the SRM Benchmark annual research programme (in its 17th year), and a recently launched AI Garage practice area for applying AI and automation to SRM challenges.

State of Flux generates revenue through five streams: project-based consulting engagements, public and in-house training programmes (e.g., SRM Advanced), SupplierBase SaaS subscriptions, SRM managed services, and paid research/publications. Go-to-market is enterprise field sales with multi-year custom contracts, supported by thought-leadership content marketing, an annual Supplier Management Summit, The Power of 3 podcast, case studies, and digital remarketing. The company has no disclosed external funding, operates as a private limited company, and shows no evidence of public listing, M&A activity, or parent ownership.

Name

State of Flux

Legal name

State of Flux Limited

Website

https://stateofflux.co.uk

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

State of Flux is a UK-headquartered supplier relationship management consultancy and technology firm offering consulting, its proprietary SupplierBase SaaS platform, training, managed services, and annual SRM benchmark research to large enterprises across financial services, telecommunications, food & beverage, and other industries globally.

Ownership category

akta.pro rank

Product category

Procurement Consulting Services

NAICS

Process, Physical Distribution, and Logistics Consulting Services (541614)

akta.pro primary industry

Supplier Relationship Management (SRM) & Performance Support (BPAAAJAH)

akta.pro secondary industry

Supplier Performance, Quality & Development (BPAHAHAI)

Keywords

• Supplier relationship management
• Procurement consulting services
• Supplier risk management
• Contract management advisory
• Supplier performance management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Consulting Services: Expert consulting engagements across supplier management, risk management, cost management, contract management, innovation management, performance management, and sustainability/ESG. Engagements are typically project-based with duration ranging from weeks to months, delivered by senior consultants.
2. Training Services: SRM Advanced and other training programmes delivered as public courses or tailored in-house corporate training. Blends industry-leading insights with hands-on exercises using clients' own supplier relationships. Includes workshops, live supplier work, and tailored coaching.
3. Technology (SupplierBase SaaS): Cloud-based SRM software platform sold as a subscription to enterprise clients. Provides supplier data management, performance tracking, risk monitoring, and collaboration capabilities with tiered pricing based on supplier count or functionality.
4. Managed Services: Ongoing SRM managed services where State of Flux specialists manage contracts, performance reviews, and risk monitoring on behalf of clients, ensuring consistency and best practice.
5. Research and Publications: Annual SRM Benchmark research reports and publications available to the market, including the Voice of the Supplier annual survey. Premium reports and benchmarking access may be offered as paid subscriptions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

State of Flux provides supplier relationship management (SRM) consulting, training, and SaaS technology (SupplierBase) to help large enterprises manage supplier partnerships, mitigate supplier risk, drive performance, and extract value from their supply base. The firm combines practitioner-led advisory services, proprietary benchmark research, a technology platform, and managed services across the full SRM lifecycle.

Product overview

State of Flux is a supplier relationship management (SRM) consultancy offering a combination of consulting services, training programs, and technology solutions. Their core technology product is SupplierBase, a platform for supplier data management, performance insights, and collaboration. Beyond technology, they provide consulting services across supplier management, risk management, cost management, contract management, innovation management, performance management, and sustainability/ESG. Their service portfolio includes Training (including SRM Advanced programmes), AI Garage (AI-related services), SRM Benchmark (research), Voice of The Supplier assessment tool, Supplier Segmentation, Joint Business Planning, and SRM Managed Services. Their annual SRM research is now in its 17th year.

Differentiator

Problem solved

Functional benefit

Products and services

• SupplierBase SupplierBase is a supplier relationship management (SRM) SaaS platform that gives organizations a single system to capture supplier data, run risk and performance workflows, support joint business planning, and surface analytics across the supply base.
• SRM Consulting Services Practitioner-led advisory engagements that help enterprises design, build, and mature their supplier relationship management function, including strategy, governance, supplier segmentation, and joint business planning.
• SRM Training Programs Structured SRM training courses (including the flagship SRM Advanced Programme) delivered as open-enrolment public courses and bespoke in-house programs to upskill procurement and supplier management teams.
• AI Garage AI Garage is an applied-AI service offering from State of Flux that helps clients explore and deploy artificial intelligence use cases within supplier relationship management.
• SRM Benchmark SRM Benchmark is a proprietary research and benchmarking subscription that allows subscribers to compare their SRM maturity and practices against industry peers using a consistent methodology.
• Voice of The Supplier Assessment A diagnostic assessment service that captures the supplier's perspective of the relationship, providing client organizations with structured feedback to improve supplier engagement.
• SRM Managed Services An outsourced SRM operating model in which State of Flux runs selected supplier management processes and analytics on behalf of client procurement teams.

Quantifiable outcome

• Westpac assessed over 1,100 suppliers and closed more than 800 actions with them on responsible sourcing
• +4 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Proxima: Proxima is a specialist procurement and supply chain consultancy that helps enterprises transform indirect spend and supplier relationships - directly comparable to State of Flux's core consulting offering and target buyer (CPOs at large enterprises).
• Jaggaer: Jaggaer is a direct procurement and supplier management software vendor with deep SRM, contract, and supplier risk capabilities, competing head-to-head with State of Flux's SupplierBase platform for the same enterprise procurement buyers.
• Ivalua: Ivalua provides a unified source-to-pay platform with strong SRM, supplier risk, and performance management modules, serving the same large-enterprise procurement function that State of Flux targets with SupplierBase.
• The Hackett Group: The Hackett Group is a consultancy and research firm specializing in procurement, finance, and HR transformation, producing widely-cited benchmark research - directly comparable to State of Flux's advisory plus annual SRM Benchmark research model.
• GEP Worldwide: GEP combines procurement software (GEP SMART) with managed procurement services for large enterprises, overlapping State of Flux's combined consulting-plus-software go-to-market and competing for the same SRM transformation mandates.
• HICX: HICX is a supplier master data, onboarding, and lifecycle management SaaS platform aimed at large enterprises - comparable to State of Flux's SupplierBase product, particularly on supplier data centralization and collaboration.

Broad incumbents

• SAP Ariba: SAP Ariba is the dominant procurement and SRM platform vendor, offering integrated sourcing, contract, supplier management, and P2P - a much larger incumbent that competes with SupplierBase and increasingly absorbs SRM consulting budget from specialists like State of Flux.
• Coupa Software: Coupa provides a broad business spend management platform with embedded supplier risk and SRM capabilities, serving the same enterprise procurement buyers and posing suite-consolidation risk to State of Flux's standalone SupplierBase offering.
• Bain & Company: Bain & Company's Operations and Procurement practices advise large enterprises on supply chain transformation, competing with State of Flux for top-tier SRM strategy mandates though as part of Bain's broader generalist consulting portfolio.

Emerging players

• Sievo: Sievo is a procurement analytics SaaS provider offering spend analysis, supplier risk, and sustainability insights - an emerging adjacent player whose analytics-led approach overlaps with State of Flux's AI Garage and Voice of the Supplier offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/stateoffluxHQ

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State of Flux