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October 2017

Savings: Looking Beyond Cost Reduction

Strategic cost management is a comprehensive, cross-enterprise initiative to systematically identify sources of waste in the supply chain, spanning new product development, purchasing, materials management, logistics, and customer-defined product attributes.

It requires that organizations think systematically about the sources of cost, identify non-value added costs, and establish targets for continuous cost reduction that create incentives for […]

Geopolitical Risk: North Korea Threatens the Global Electronics Supply Chain

By Jim Wetekamp, Chief Executive Officer of BravoSolution
On September 3rd, North Korea made its sixth nuclear test, the first of a thermonuclear variety and just the latest data point in a timeline of incidents that have significantly escalated tension with the United States. North Korea’s fourth nuclear test in 2016 set off mounting concerns of […]

The 3 Core Skill Sets of Supplier Relationship & Value Management

By Molly Reppen, Field Marketing Specialist at BravoSolution
Procurement departments are increasingly challenged to expand and better understand their supplier communities. The ability to improve strategic decision-making by assessing supplier lifetime value is important at every stage of the strategic procurement process.

Managing suppliers and deriving value from those relationships is one of the critical strategies required in […]

September 2017

P2P Best Practices for Generating Business Value

By Molly Reppen, Field Marketing Specialist at BravoSolution
Procure-to-Pay (P2P) solutions help companies simplify their purchases and payments, resulting in streamlined paperless processes that ultimately improve organizational efficiency. Companies in the end gain more visibility into all purchasing activities while automating the processes from requisition to payment to enforce controls and drive cost savings.

During ISM’s latest […]

Implementing SRM: Does your organization have what it takes?

By David Atkinson

My interest in SRM goes back many years, in particular my experiences in aerospace and automotive. A specific feature of those two sectors is that suppliers are usually selected very carefully, because switching mid-program can be expensive, hugely time-consuming, and sometimes feels close to impossible (regulation and custom and practice in safety-critical industries can […]

If Procurement Was A Movie Title

By Andrea Brody, Chief Marketing Officer at BravoSolution
Procurement processes today are vast, complex, critical and strategic – and they tell a very compelling story.

If your procurement story was a movie, what would it be? This was the question we posed to our BravoSolution team. We got some very creative responses, ranging from the Titanic to […]

August 2017

Procurement’s Transformation: From Chief Penny Pincher to Chief Partner Officer

By Andrea Brody, Chief Marketing Officer at BravoSolution

Ten to 15 years ago, procurement was still fighting for organizational significance. Seen strictly as cost-cutters, CPOs lacked a true role at the board level, reporting to either the Chief Technology Officer, Chief Engineering Officer, Chief Operating Officer, or the Chief Financial Officer. The function didn’t have a […]

How to get started with source-to-pay

Tom Pellescki, VP, Consulting and David Englebert, Director at BravoSolution

Your organization made the decision to implement a full end-to-end procurement platform – congratulations, this is a smart move that will enable your team to deliver more value for the business. Now that you’ve pulled the trigger on a source-to-pay (S2P) solution, what’s next? How do […]

The Power of Government eProcurement

By Andrea Brody, chief marketing officer of BravoSolution
The City of Chicago recently caught the attention of many in the procurement community when it announced an expansion of its eProcurement platform, which will streamline purchasing across all governmental agencies in Chicago and offer more services to vendors and user departments. In doing so, Chicago is shifting […]

Spend Analysis: Dos and Don’ts for Effective Decision Making

By Andrea Brody, Chief Marketing Officer at BravoSolution

Spend analysis is a crucial component of a team’s procurement strategy – it sheds light into where the organization’s resources have been invested, by whom, and for what. When this data is analyzed and acted upon in the right way, teams are better positioned to make value generating […]