BravoSolution Strategic Procurement Blog
Welcome to your resource for strategic procurement application suite insights
The BravoSolution Procurement Blog: Catch up with procurement leaders for timely and thought provoking posts that bring real world procurement insights to you.
Did you know you can manage your suppliers, contracts, invoices, and aligned procurement requirements on one platform?
Do you want to find out more about how source to pay can save you money by helping you make better decisions?
Many organizations still use outdated platforms that slow down the entire procurement process. […]
Andrea Brody, Chief Marketing Officer
To stay ahead, today’s CPOs and procurement professionals need to look for new ways to transform their daily practices. A primary area of emphasis is digital transformation, which can have a dramatic influence on how services are delivered, and ultimately, the value procurement creates.
The Hackett Group […]
The purpose of procurement organizations of all sizes is to find good suppliers while keeping costs at a minimum.
Unfortunately, this wasn’t always easy. In the past, a lack of information made negotiations between organizations and suppliers one-sided.
A lack of access to a large market of suppliers also contributed to the […]
Greg Goelkel, Director, Solution Consultant
Purchasing new technology, an already complex process, is exacerbated by the thousands of procurement offerings currently on the market. To overcome this challenge, many organizations execute a proof of concept (POC) during the evaluation. A POC tests how the technology in consideration integrates with an existing environment. […]
Kelly Barner, Buyers Meeting Point, LLC
Traditionally, procurement works to deliver superior value to internal stakeholder groups: including finance, operations, marketing, R&D, and the executive team. Many procurement teams have adopted a traditional ‘customer service’ model to guide their interaction and communication. While it is well-intentioned, using a customer service model […]
We get to see a lot of bids within BravoSolution, not only in our work supporting buyers, but also as bidders – competing for business with potential new customers in both public and private sectors.
The vast majority of formal bid processes that we take part in are reassuringly well-planned and […]
Sourcing as a process sits right at the heart of procurement strategy, activity, and success. Taking a requirement to the market, choosing the right supplier or suppliers, and putting an appropriate contract in place is arguably the central element of what we generally call “procurement”.
Technology has played a role in […]
High-performing CPOs focus on both driving the procurement function today and leading it into tomorrow. Tackling one objective without the other is short-sighted: strictly prioritizing traditional supply chain concerns — safety and accuracy, efficiency, risk mitigation, and lean principles — fails to set the strategic direction of the business, while […]
Many purchasing executives are looking to drive procurement transformation that rely on three major shifts:
their level of stakeholder engagement
their ability to align with the overall business strategy
their use of advanced procurement tools and technologies
Palm oil has been all over the news lately – and not just because of health concerns around the way it’s processed. The problem actually goes much deeper than that, all the way to the depths of the supply chain, impacting procurement value. Recent reporting has shown that palm oil […]