2013 Spend Management Overview

7/26/2019 2013 Spend Management Overview

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Increasing Spend Under Management

Without an eecve spend management program, you leave

potenal savings on the table every day. Companies without

good spend analysis capabilies have nearly twice the level

of non-compliant spend on indirect materials, and stand to

improve their savings forecasts by up to 40% with a best-in-

class spend analysis program.

Companies who need best in class visibility to support

connuous improvement in their cost reducon iniaves use

BravoSoluon. Our powerful data cleansing and analysis tools,

combined with an intuive, procurement - specic reporng

engine helps some of the worlds largest companies achieve

new and bigger cost savings every year.

Our answer is fast, intelligent, and repeatable soluon to

idenfy, evaluate, and quanfy maximum opportunies

and measure compliance. Spend management and sourcing

experts have tailored our soluon using best-pracce strategic

sourcing processes and technologies to provide insighul,

aconable spend analysis to drive immediate and quanable

improvements in total cost.

The biggest challenge associated with spend analysis is

gathering spend data, pung it into a common format that

facilitates analysis, and making the process repeatable over

me. We provide the ability to aggregate spend data from

mulple disparate systems, cleanse and classify the data

to a common classicaon structure, and perform mul-

dimensional analysis, easily enabling you to idenfy both saving

opportunies and compliance breakdowns that keep negoated

savings from dropping to the boom line.

The insight provided by BravoSoluon Spend Management

enables our customers to reduce costs and increase protability.

Without the ability to analyze your spend, you are missing a

tremendous opportunity to drive total cost savings and realize

untapped opportunies. Our customers have overcome the

obstacles above and by implemenng our spend analysissoluons have realized the following benets:

An average of 8-12% in savings for opportunies we have

helped idenfy & source, within the rst twelve months.

A 50% improvement in contract compliance for indirect

materials.

More ecient sourcing: on average our clients can address

20% to 30% more spend annually.

BravoSoluon

Spend Management

Contact Us

217 N. Jeerson St., Suite 400, Chicago, IL 60661

T: +1 312-373-3100

[email protected]

www.bravosoluon.com


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Spend Management

Contact Us


T: +1 312-373-3100

[email protected]

www.bravosoluon.com

Key Features Spend data extracon

Data proling and validaon

Data cleansing & enrichment

Supplier and item harmonizaon

Auto-classicaon to either custom or industry standard

category hierarchies Web-based excepon management to manage the

classicaon knowledge-base

Fully customizable, mul-dimensional, browser-based

analyc environment

Standard sourcing-specic analyc views/ad-hoc, OLAP

analysis capability

Step-by-step analycal processes to help users:

- Priorize and select high impact commodity, supplier an

SKU targets for sourcing

- Esmate savings opportunies

Benefts

Opmize your supply base

Aain leverage for the products & services you buy Aggregate demand across your organizaon

Negoate lower total cost contracts

Monitor contract compliance

Manage supplier performance

Close The LoopThe BravoSoluon toolkit can help idenfy, track, and measure

procurement savings and help your sourcing team reduce your

external supply costs by 10-15%. With BravoSoluon Soware

as a Service (SaaS) there is no soware to install, maintain

and support. All the infrastructure management and support

services, including buyer and supplier enablement are handled

by BravoSoluon. As a result, customers ulizing BravoSoluon

SaaS experience lower risk, lower cost and faster implementaon.

Todays Challenges BravoSolution Spend Management

Process

Purchasing data typically resides in many systems:

accounts payable, procurement, materialsmanagement, inventory management, ERP systems, etc.

Each system containing purchasing data likely usesdierent data structures, as well as dierent item,commodity, category, and supplier naming convenons

A single window into enterprise spending All spend data classied to a single standard or custom category structure Automated data cleansing and classicaon to enable repeatable spend

analysis without requiring a major services engagement

Ability to idenfy and assess: Spend paerns Product and service raonalizaon opportunies Opportunies to further leverage and raonalize suppliers, t eliminate

purchase-price-variance (PPV) savings opportunies

Ability to quickly idenfy and remedy non-compliance

Lack of sourcing-specic analycal tools to perform spend analysis

Inability to measure compliance with negoated contracts

Knowledge

Visibility


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About BravoSoluon

Contact Us


T: +1 312-373-3100

[email protected]

www.bravosoluon.com

About BravoSoluon

Supply management execuves are now, more than ever, under

pressure to deliver more savings, develop and manage strategic

supplier relaonships, accelerate procurement cycles, and

maintain process excellence. Confronted with these diverse yet

consistent challenges, CPOs and sourcing professionals must

seek tailored soluons that deliver rapid ROI to their business.

BravoSoluon oers leading soware and services to t

the needs of todays sophiscated supply management

organizaons. Our services organizaon, one of the worlds

largest teams of professionals dedicated exclusively to sourcing

and procurement consulng, delivers lean, targeted services

to support strategic sourcing and procurement iniaves.

Our industry leading soware toolkit supports the full supply

management lifecycle across myriad industries, geographies

and business models.

As of today, over 50,000 procurement professionals in

60 dierent countries are beneng from BravoSoluons

technology and services unlocking tangible benets such

as increased process eciency, decision support, cost

reducon, improved process governance, greater quality

relaonships with vendors and the ability to share,

understand and act upon the wealth of sourcing-related

data held within their organizaon. BravoSoluon has

locaons in the United Kingdom, Italy, France, Germany,

Spain, Benelux, United States, Mexico and China.

Documents

2013 Spend Management Overview