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June 2017

Procurement’s Newest Mandate: Mastering Data Governance

By Andrea Brody, chief marketing officer of BravoSolution

Procurement teams today have access to more information and advanced analytics than ever before. Just think about how far we’ve come: we used to make supply chain decisions based on instinct and data captured in BASS (also known as big-ass spread sheets), but now, automation and real-time insights […]

The Call for In-Year Savings

By Guy Allen

For those of us in the Northern Hemisphere, as we approach the middle of the year our thoughts start to turn to summer, all those great events we can enjoy in the glorious sunshine. It is also often the time of year when we get a call from our Head of Procurement or […]

May 2017

Can Source to Pay Be Adopted In A Skeptical Environment?

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Many organizations still use outdated platforms that slow down the entire procurement process. These platforms usually run on […]

April 2017

How Can Procurement Enable Digital Transformation?

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 recently released a study diving […]

Is Source to Pay an Option for Your Procurement Organization?

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 issue. Source to Pay platforms […]

Procurement & IT Tips to Evaluate and Execute a POC

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. The process gives organizations confidence […]

How Can You Tell if Your Procurement Team is Customer Centric?

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 with internal stakeholders limits procurement’s […]

Discover the Path to More Effective Procurement Bid Writing

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 managed, with associated documents (or […]

Why Should Procurement Teams Embrace Sourcing Optimisation?

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 sourcing for at least twenty […]

March 2017

What Are Innovative Procurement Strategies?

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 striving to be innovative and […]