February 2018

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’, but all of them are […]

January 2018

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 researching supply markets, understanding needs […]

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 procurement actions contribute to the […]

December 2017

Procurement Unplugged Q&A: Procurement Planning for 2018

During the latest BravoSolution Real World Procurement Series webinar focused on “Procurement Planning for 2018,” Guy Allen, Managing Director at Real World Sourcing, initiated ideas which all procurement professionals need to start thinking about for approaching the new year. Guy provided recommendations on how to assess your past year’s results and how to advance them into tangible […]

November 2017

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 […]

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, companies have an average of […]

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 organisation’s third party spend […]

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 […]

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 democracy and commerce (and […]

October 2017

Procurement Unplugged: Expert Answers for Achieving Strategic Cost Management

By: Andrea Brody, Chief Marketing Officer, BravoSolution
Strategic cost management requires organizations to think systematically about the sources of cost, identify non-value added costs, and establish targets for continuous cost reduction. It assumes that costs are driven by “friction” that exists between buying companies and their suppliers. In addition, it also assumes that an open approach […]