August 2017

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 business decisions […]

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Many organizations still use outdated platforms that slow down the entire procurement process.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

What Does Amazon’s Whole Foods Acquisition Mean for Retail Procurement?

By Andrea Brody, chief marketing officer of BravoSolution

Amazon’s purchase of Whole Foods Market for a whopping $13.7 billion sent shockwaves through the retail industry. In an era where online shopping is now the norm, traditional brick-and-mortar retailers are constantly forced to find new ways to stay relevant. This acquisition only adds to the pressure. And no one […]

eAuctions: When Done Right, Still the Best Way to Cut Costs

By Bill King, account director at BravoSolution

When eAuctions were introduced in the mid 1990’s, purchasing departments couldn’t move fast enough to harness the power of competition to get the lowest possible cost from suppliers.

Today, eAuctions have seemingly fallen out of vogue, but to riff on Monty Python’s The Holy Grail¸ eAuctions are not dead yet. When you consider cost […]

Winter is Coming: Game of Thrones Battle Strategy for Procurement Pros

By Andrea Brody, chief marketing officer at BravoSolution

Season 7 of Game of Thrones is underway. And for procurement pros, the hit show serves as much more than much-watch TV – it offers a detailed roadmap and battle plan for unlocking the power of procurement. Here’s what you need to know:

“I drink, and I know things.” – […]

What Your Procurement Vendor Should Provide to You Beyond Normal Classroom Training

By: Aisha Fairfax, Global Education Manager at BravoSolution

Classroom training for procurement project success is just a single step on the path to achieving positive business objectives; it is not the beginning nor the end.

ProSci, a change management research firm, developed an intuitive change management approach referred to as the ADKAR Model – an individual change model used by thousands […]

Choosing a Strategic Procurement Platform: What IT Should Know

By Andrea Brody, chief marketing officer at BravoSolution

An integrated procurement approach – backed by strategic procurement technology that automates and digitizes key outputs – is foundational for financial and operational success.  Given the competitive benefits to the entire organization – which include offering teams more ways to save, reduce risk and positively impact the bottom-line — […]

IT’s Role in Procurement Digitization

By Andrea Brody, chief marketing officer at BravoSolution

Procurement leaders today are expected to be a jack-of all trades – delivering value across every business unit, and contributing to every strategic objective. Digital business transformation makes this possible, but procurement needs IT’s help to get to procurement digitization.

This shouldn’t come as a surprise when you consider the two functions have […]

July 2017

The Five SRM Killers

By David Atkinson

Barely a week goes by without yet another story in the press of failures of suppliers to provide goods and services to a standard set out in the contract. We also hear of supermarkets, defense contractors, building firms, public sector purchasers who fall below the standard of expected performance and who ‘took their […]

Benefits of a Modern Source to Pay Solution

Many organizations still use outdated platforms that slow down the entire procurement process. These platforms usually run on third-party software and tend to be quite limited.

While these outdated platforms may be good at managing transactions, they can also be very restricted as well as complicated to use. Additionally, they don’t offer data and spend analysis […]