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Retail Procurement Meets Demand & Delivers More Value with BravoAdvantage

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It is a never-ending battle for retailers to stay ahead of the competition.  Retailers manage and balance inventory, suppliers inch up costs, consumer shop for best price and everyone looks to shore up margins. The mega trends in the retail procurement industry apply pressure on retail procurement to find new ways to meet demands and deliver additional business value, with a focus on: 

  • Globalization of lower cost suppliers and new markets to drive revenue
  • Pressures on all parts of the business to increase EPS
  • Big data to drive analytics creating custom retail experiences
  • Omnichannel driving new demands on customer expectations
  • Consumers drawn to retailers that invest in Corporate Social Responsibility (CSR)
  • Risk mitigation and data security to protect customers

Retail procurement understands the responsibility to respond.  The best run strategic procurement teams invest in people, process and technology to drive financial performance, influence innovation, and minimize risk.

BravoSolution has a proven record of global success, helping customers optimize across initiatives, delivering quantifiable value.

With BravoAdvantage, retail procurement organizations can support business growth, profit and margins by helping to improve the quality of products while reducing costs, increasing global leveraging initiatives, developing a strategic sourcing center of excellence and maintaining good relationships with key suppliers:

  • Actively measure and manage spend performance
  • Proactively identify new sourcing opportunities, better manage compliance and more accurately report on savings
  • Onboard, segment and manage suppliers based on performance, risk and future development
  • Automate simple and complex sourcing events to reduce cycle times, increase, transparency and deliver faster ROI
  • Link contract performance to Supplier Value Management for a single repository for creating, storing and tracking contracts
  • Unlock massive savings in critical categories by analyzing sourcing scenarios to find the most advantageous approach
  • Buy and pay for goods and services in a simplified, paperless, and cost-efficient way

BravoSolution is the partner of choice for the retail, increasing procurement and supplier value contribution.

Free Resources for Retail Procurement and Sourcing Professionals

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

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Connect with a BravoSolution Retail Procurement Professional

Learn more about BravoAdvantage and how we can help unlock your organization’s hidden value and savings throughout the eProcurement process.

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