BravoSolution Reports Heightened Demand for Spend Analysis “Plus”
Business Wire- 12/7/2010 10:07:00 AM EST
BravoSolution Reports Heightened Demand for Spend Analysis Plus
( BW)(IL-BRAVOSOLUTION)(.) BravoSolution Reports Heightened Demand for Spend Analysis Plus
Customers Gain Higher Value with Full-Circle Performance Tracking Driven
by Spend Analysis + Supplier Performance Data
Based on recent customer demand, BravoSolution, the leader in spend
analysis and high
definition sourcing, sees the rise of a game-changing approach to
meeting todays procurement challenges: leveraging deeper intelligence
that combines spend
analysis with supplier performance data to fuel a more sophisticated
approach to understanding and acting on supplier value. BravoSolutions
"full-circle performance tracking" increasingly drives better spend
strategies and accelerates the time to capitalizing on those strategies
by analyzing high-performing and low-performing suppliers in the context
of overall spending details and relationships.
Combining advanced technologies and strategic services to tackle the
increasing complexity of understanding supplier value, BravoSolution
consistently helps customers capture 5-10% more savings than with
technology alone. Its hybrid approach to the procurement discipline has
been honed, tested and proven to deliver value through thousands of
engagements with healthcare, industrial manufacturing, consumer goods
organizations around the world.
BravoSolutions highly focused engagements deliver:
-
Enterprise-wide visibility and a common category platform for true
spend understanding with spend
analysis, including United Nations Standard Products and Services
Code (UNSPSC) categorization and BravoSolutions best practices
taxonomy
-
Identification of immediate and relevant opportunities for savings,
tapping BravoSolutions team of category and supply market experts
-
Action to capture those savings quickly and cost-effectively, with
cloud-hosted eSourcing
events
Competitive pressures and continued uncertainty in the global economy
require a significantly more sophisticated approach to analyzing
supplier value and exploiting that value, said Marc Bergeron, General
Manager, US at BravoSolution. Cost and performance must be considered
together when reviewing opportunities to improve the return on spend,
and once identified, the opportunities must be captured full-circle
performance tracking makes that possible.
How Much Are You Leaving on the Table?
Conn.-based Gartner Research estimates that when technologies, such as spend
analysis and e-sourcing
solutions are used without the benefit of expertise, organizations give
away as much as 30 cents on every dollar spent. For many procurement
teams, unfortunately, the category and market expertise needed to
accelerate and maximize sourcing results achieved with tools no longer
resides within the organization. Exacerbating the challenge is the
winner take all approach to supplier negotiations that focus solely on
cost reduction above all measures of value.
A recent whitepaper, Sourcing in the 2010s: The Formula for Success
from BravoSolution
outlines the discipline for sourcing excellence needed to overcome these
obstacles. The report discusses the critical role that technology plays
in automation, analysis and decision support, and the types of expertise
needed to truly turn enterprise-wide visibility into supply strategies
and tactics that support short- and long-term business goals.
BravoSolution, the spend
analysis company, offers the worlds finest collection of supply
chain solutions, including innovative tools for eSourcing,
supplier management and high definition sourcing. For more information
on BravoSolutions spend analysis solution, visit www.BravoSolution.com.
About BravoSolution
Your company spends money across multiple categories of items and in
many different ways. As procurement professionals, you are accountable
for delivering demonstrable improvements to your company's financial
performance. To achieve your performance goals, your entire team:
sourcing, vendor, contract, and production managers; needs to work
together to determine the best way to manage every single category to
maximize its contribution to your companys bottom line.
Analysts have seen that the right blend of skills, process, and
technology improves a company's financial performance by 30 cents on
every dollar spent. In their search for a partner that can help them
achieve this level of excellence, companies turn to BravoSolution.
CONTACT:
BravoSolution
Greg Hakim, 617-969-9192
ghakim@corporateink.com
KEYWORDS: United States North America Illinois
INDUSTRY KEYWORDS: Technology Data Management Supply Chain Management Software Transport Manufacturing Logistics/Supply Chain Management Other Manufacturing Retail
© Copyright 2005 Business Wire. All rights reserved.
Industry Announcement Index
|
