Business Strategy Meets Sourcing for Untapped Saving Opportunities

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Complex, strategic categories are critical to your business, but failure to source these categories effectively can result in unrealized savings and major supply disruptions which negatively impact your bottom line. In order to create opportunities, companies must forge valuable partnerships with strategic suppliers and strike the perfect balance between sustainable savings and superior service which is difficult to do via traditional sourcing methods.

BravoAdvantage™ SourcingPlus enables you to leverage advanced analytical capabilities as part of a complete, end-to-end strategic procurement solution to make your sourcing team more effective. It enables a much larger set of supplier data that can be compared in a repeatable way. Whatever your strategic categories are, BravoSolution knows your business cannot succeed without them, and cannot afford to overpay for them.

BravoAdvantage Sourcing Solves Real World Procurement Challenges

As part of a continued improvement process, we are focused on maturing our Strategic Sourcing team which goes beyond cost savings. Supplier management is at the forefront of this strategy and having technology to support this is essential. We are excited that BravoSolution is designing their platform to support our needs related to supplier quality, performance, risk and continuity.”

Kevin Nelson, VP of Strategic SourcingC.R. Bard

BravoAdvantage SourcingPlus is used by organizations like yours with high-spend, strategic categories that have complex requirements involving a large number of stakeholders.

BravoAdvantage SourcingPlus supports you to manage the difficult demands placed on high profile categories that have many variables, while balancing stakeholder requirements and the ongoing pressure to continually improve prices, thus ensuring important relationships are not compromised. A combination of technology and supply chain expertise, BravoAdvantage SourcingPlus will provide your sourcing team with the visibility and flexibility needed to make informed choices based on the best allocations of your business, while balancing suppliers’ pricing and capabilities with your business constraints and preferences. Rather than fighting over supplier margins, BravoAdvantage SourcingPlus enables you to work effectively with suppliers to drive cost out of the system in order to generate incremental and ongoing savings for your business.

Capabilities:

  • Designed for complex categories
  • Expanded proposal collection (e.g., non-price criteria, advanced
  • price collection, business rule factoring)
  • Expressive bidding techniques (e.g., volume incentives and
  • alternates/substitutes)
  • Optimization-enabled scenario management/analytics
  • Simplified analysis of quantitative and qualitative data
  • Fully integrated into the BravoAdvantage suite

Benefits:

  • Increase number of quality bids
  • Improve award decisions & financial performance
  • Quantify choices through transparency to the hard costs of each of those choices
  • Harness the analytical power of optimization while enjoying the benefit of complete, end-to-end supply management

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Procurement groups who use decision optimization often achieve double digit savings for each category. Let BravoSolution help you optimize your complex sourcing requirements to reach untapped savings. Learn more here.

Additional Procurement Resources: Whitepapers, Webinars, Datasheets, and More

Select a hand-picked resource below to learn more about how BravoSolution can help you streamline processes, reduce cycle times and achieve valuable business outcomes. Additional resources are available in the Resource Center >>

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