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May 2017

Will Your Procurement Thrive in the Era of Real-Time Supply Chains?

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By Dr. Robert Handfield

We are at the beginning of a completely different era in the history of global trade: the era of the digitized real-time supply chain. In the 25 years I have been teaching students and conducting research in the field of supply chain management, I have never seen the degree of change evident […]

Can Source to Pay Be Adopted In A Skeptical Environment?

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Many organizations still use outdated platforms that slow down the entire procurement process.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

April 2017

Test drive your way through a POC

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Greg Goelkel, Solution Consultant

Purchasing new technology, an already complex process, is exacerbated by the thousands of offerings currently on the market. To overcome this challenge, many organizations execute a proof of concept (POC) during the purchasing evaluation. A POC tests how the technology in consideration integrates with an existing environment. The process gives organizations confidence to adopt […]

Confessions of a bid manager: 8 tips for more effective bid-writing

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We get to see a lot of bids within BravoSolution, not only in our work supporting buyers, but also as bidders – competing for business with potential new customers in both public and private sectors.

The vast majority of formal bid processes that we take part in are reassuringly well-planned and managed, with associated documents (or […]

Confessions of a bid manager: 8 tips for more effective bid-writing

By |

We get to see a lot of bids within BravoSolution, not only in our work supporting buyers, but also as bidders – competing for business with potential new customers in both public and private sectors.

The vast majority of formal bid processes that we take part in are reassuringly well-planned and managed, with associated documents (or […]

The Time Has Come To Embrace Sourcing Optimisation

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Sourcing as a process sits right at the heart of procurement strategy, activity, and success. Taking a requirement to the market, choosing the right supplier or suppliers, and putting an appropriate contract in place is arguably the central element of what we generally call “procurement”.

Technology has played a role in sourcing for at least twenty […]

March 2017

Unlocking Procurement Innovation Requires a Two-Pronged Approach

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High-performing CPOs focus on both driving the procurement function today and leading it into tomorrow. Tackling one objective without the other is short-sighted: strictly prioritizing traditional supply chain concerns — safety and accuracy, efficiency, risk mitigation, and lean principles — fails to set the strategic direction of the business, while striving to be innovative and […]

Innovative Data Leveraging for Procurement Success

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Many purchasing executives are looking to drive procurement transformation that rely on three major shifts:

their level of stakeholder engagement
their ability to align with the overall business strategy
their use of advanced tools and technologies

[…]

Do you know what you want from your data?

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In the information age, data is everything. With our ability to store swathes of that binary gold, and to pull it from scores of different sources, we have access to more information than ever before. What’s more, by using analytical tools, we can blend datasets and create rich insights that were previously impossible to do […]

Painting Procurement: The Importance of Sharing Data with your Stakeholders

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Would you plan to spruce up your home without consulting your significant other? As someone who has spent most weekends of the past two months painting our flat, it would have been a disaster waiting to happen if we hadn’t had a discussion before getting the rollers out.

This alignment of goals was a several stage […]