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December 2017

Procurement – Of Course It’s Value …

By Peter Smith, Managing Director Spend Matters UK/Europe

One of the advances in terms of procurement thinking in recent years has been the general understanding and acceptance that the role of procurement goes far beyond cost and savings, and is fundamentally about value. Procurement’s role is to manage (in some sense) the organization’s third party spend in a […]

November 2017

Investing in Procurement with Digital Transformation

By Andrea Brody, chief marketing officer of BravoSolution

Organizations are aggressively implementing new technologies to streamline processes and increase efficiency, but one department is treading behind: procurement.

The Hackett Group’s Sourcing Cycle Time and Cost Measurement Study, which surveyed procurement professionals from a variety of industries, shows that for every $1 billion in spend, companies have an average of […]

Don’t Think Procurement Plays a Role in Defending the Corporate Brand? Think Again.

By Andrea Brody, chief marketing officer at BravoSolution

If procurement leaders don’t realize they have significant responsibility to protect the corporate brand, they should watch the latest documentary from a German broadcasting station which uncovered cruel labor and animal welfare practices in the making of major ingredients in Haribo gummy bears. The investigation is called Markencheck which literally means Brand […]

Supply Chain Sustainability: Recent Commitments Highlight Procurement’s Critical Role

Supply chain sustainability has dominated much of the news cycle these past few weeks. Take, for example, the following commitments from some of the worlds’ biggest brands:

Coca-Cola committed to ambitious sustainability goals promising to increase renewable energy, reduce packaging and double the number of employees taking part in related volunteering initiatives.
General Motors has vowed to implement a […]

Procurement Unplugged: Achieving Digital Transformation & Why Procurement Needs to Invest Now

By: Andrea Brody, Chief Marketing Officer, BravoSolution
Did you know that companies devote an average of 16 full-time staff to the sourcing process for every $1 billion in spend? In The Hackett Group’s latest 2017 Sourcing Cycle Time and Cost Measurement Study, their research confirmed the reality that teams are stretched thin, and that half of all […]

Bank Muscat advances its procurement operations with BravoSolution

BravoAdvantage eAuction achieved a 20% reduction in overall costs on a single project for Bank Muscat

BravoSolution enters into an extended three-year contract for strategic technology solutions with auction capabilities

 Dubai, 06 October 2017 – BravoSolution, a strategic procurement company, today announced Bank Muscat has signed a three-year extended agreement for its strategic procurement solutions.

Bank Muscat, the […]

2018: A Casserole of Chaos

By Guy Allen, Managing Director, Real World Sourcing Ltd.

Outside of wartime, it is difficult to think of a year that represents greater uncertainty than 2018 is likely to deliver. Brexit, the Trump administration and Catalonian campaign for independence represent a trinity of turmoil that challenges the relatively stable progress of Western liberal democracy and commerce (and all […]

Digital transformation reduces strategic sourcing costs and cycle times by 30 percent

Research by The Hackett Group in conjunction with BravoSolution Tejari offers new research on transformative benefits of procurement digitization

UAE, Dubai, October 31, 2017 – BravoSolution Tejari, the leading global strategic procurement provider, will host a webinar in conjunction with The Hackett Group around the procurement benefits of digital transformation.

The webinar will take place on […]

October 2017

Savings: Looking Beyond Cost Reduction

By Dr Robert Handfield

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 […]

Role of Digital Transformation in Procurement to be Explored at Middle East Event

Procurement firm BravoSolution Tejari is to discuss digital transformation in the Middle East procurement industry as part of the fifth Procurement Strategy Summit taking place in Dubai.

The summit, being held on October 11-12, will focus on how digital technologies are revolutionizing the procurement industry as well as how organizations can capitalize on this change in […]