Bravo Solution Spend Slide Share Pm

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Economic forces are driving the need for deeper cost-cutting measures
Procurement officers must shore up suppliers and vendors so as not to cause disruptions to service levels or product delivery –at margins that support company growth!
To deliver anything less would be Procurement Malpractice
Now, more than ever, investing in Spend Analysis is key

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Bravo Solution Spend Slide Share Pm

  1. 1. The Case for Spend Analysis or How To Avoid Procurement Malpractice 10/27/2010© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  2. 2. Procurement in 2010 » Economic forces are driving the need for deeper cost‐ cutting measures » Procurement officers must shore up suppliers and  vendors so as not to cause disruptions to service  levels or product delivery –at margins that support  company growth! » To deliver anything less would be Procurement  Malpractice » Now, more than ever, investing in Spend Analysis is  key© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  3. 3. Strategies for Procurement Success The spend analysis formula: Visibility + Analysis +Process = Success© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  4. 4. Strategies for Procurement Success: Visibility » Spend analysis will give you the visibility you need » Do you know? » What am I really spending? » With whom am I spending it? » Am I getting what’s been promised to me?© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  5. 5. Strategies for Procurement Success: Analysis » The next step in spend analysis is to analyze the  information » Some helpful filters: » What is my aggregated spend with a single supplier? » How can I benchmark across pricing trends? » What are my best practices for managing category sourcing  enterprise‐wide? » What else do I need to know to drive the best terms?© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  6. 6. Strategies for Procurement Success: Process » Vendor complexity and business volatility means  increased pressure in choosing suppliers » Enterprise‐wide spend analysis processes can drive  value to the supplier relationship » Processes should span identifying needs, contract  execution and managing service‐level agreements  (SLAs) » It’s all about creating a balance between cost and value© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  7. 7. Avoid Procurement Malpractice » Spend analysis is the foundation upon which Best‐in‐ Class procurement is built » Rigorous spend analysis drives value across your  organization, your suppliers and your customers » Don’t commit procurement malpractice, begin your  spend analysis today© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  8. 8. Contact Us » 33 N LaSalle St Chicago, IL 60602 Phone: +1 312‐201‐9600 Fax: +1 312‐201‐9700 » For more information on BravoSolution’s spend  analysis tool, visit BravoSolution.com.© BravoSolution ‐ All rights Reserved CONFIDENTIAL
  9. 9. Requirements for SlideShare » Title: The Case for Spend Analysis  » Brief description: How and why companies must  achieve enterprise‐wide spend excellence using  spend analysis.  » Category: Business & Management » Tags: spend analysis, procurement, spend  management,  strategic sourcing, process, esourcing,  strategy© BravoSolution ‐ All rights Reserved CONFIDENTIAL

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