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 […]
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 […]
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 […]
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 […]
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
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 […]
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 […]
There are many factors to consider when designing a new product. What is the product trying to achieve? Is there a problem the product is trying to solve? How much will it cost? Who will use this product and in what capacity?
While procurement professionals may be synonymous with cutting costs, […]
Buying procurement technology these days is a complicated business. With ever more niche vendors entering the market and established providers offering increasingly sophisticated solutions, differentiating on face value alone can be as clear as mud. […]
Palm oil has been all over the news lately – and not just because of health concerns around the way it’s processed. The problem actually goes much deeper than that, all the way down to the depths of the supply chain. Recent reporting has shown that palm oil is often […]