BravoSolution Strategic Sourcing Blog

Welcome to your resource for procurement and strategic sourcing application suite insights

The BravoSolution Procurement Blog: Catch up with procurement leaders for timely and thought provoking posts that bring real world procurement insights to you.

Breaking Through the Hysteria of Tech Hype: DO NOT EAT!

By Kelly Barner 

Over the last few months, have you – like me – found yourself at a complete loss that teens all over the U.S. are making videos of themselves eating laundry detergent tablets? Some are pressured by peers and others are driven forward by the desire to ‘go viral’, […]

What Do I Need to Know About My Suppliers?

By Peter Smith

The role of the procurement professional used to be perceived as focusing principally on our work to choose a supplier and put a contract in place. Even when category management first became the core process for the profession, some twenty years ago, it still tended to focus on […]

Procurement Unplugged Q&A: Delivering Value, Not Just Savings!

During the latest and final webinar in the 2017 BravoSolution Real World Procurement Series “Delivering Value (Not Just Savings!)” Peter Smith, Editor at Spend Matters UK/Europe, defined exactly what “procurement value” means. Peter spent time teaching the audience how to best explain procurement value to senior stakeholders, and demonstrate how […]

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 realise they have significant responsibility to protect the corporate brand, they should watch the latest documentary from a German broadcasting station which uncovered cruel labour and animal welfare practices in the making of major ingredients in Haribo gummy bears. The […]

Investing in Procurement with Digital Transformation

By Andrea Brody, Chief Marketing Officer of BravoSolution

Organisations 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, […]

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) […]

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, […]

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 Catalonia’s campaign for independence represent a trinity of turmoil that challenges the relatively stable progress of Western liberal […]

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 […]

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 […]