Supply chain transformation key to survival in a tightening economy says BravoSolution
London – 9 June 2008 – BravoSolution (www.bravosolution.co.uk), the international leader in Supply Management software and services, today advises UK organisations to secure their sourcing and procurement processes to survive the credit crunch in light of research showing some businesses spend as much as 90 per cent of IT budgets on third-party suppliers but fail to get good value for money.
Research by the analyst organisation Gartner Group shows that IT procurement departments are too obsessed with simply cutting costs rather than adding commercial value to the IT department. BravoSolution suggests firms make IT procurement a more strategic function by arming themselves with tools that manage the day-to-day processes so they can spend more time adding value to the business, developing supplier relationships and reducing reliance on proactive e-procurement to make savings.
“Price pressures in the UK are running at their highest level for a decade, while the need to achieve demonstrable cost savings is more pressing than ever,” says Nader Sabbaghian, Managing Director of BravoSolution UK. “With high inflation, volatile exchange rates and UK suppliers planning on tightening their credit terms as the economic downturn continues, companies are increasingly leaving themselves exposed with inefficient systems and poor supply chain networks, which they are often completely unaware of.”
”Suppliers are scrutinising those companies who are asking them for credit and with business insolvencies increasing at an steady rate, sound management of relationships could mean the difference between success and failure.”
> 11 offices in 7 countries (Italy, France, Mexico, Spain, U.K, China and U.S) across 3 continents
> 350 employees, continuously growing; 23 nationalities
> 400 clients in 20 countries
> Supply management software used by over 12,000 procurement professionals worldwide
> Over 150,000 suppliers from more than 90 countries have been involved in Supply Management processes conducted through BravoSolution technology, which has been deployed to over 18,000 buyers worldwide
ENDS Gartner, Outsourcing and IT Services Summit 2008
BravoSolution is a leading international provider of Supply Management Excellence, delivered through software, professional services and category expertise, with a mission to generate value by supporting its clients in the improvement of procurement processes.
Founded in June 2000 by the Italcementi Group, BravoSolution delivers valuable results to its numerous customers worldwide through its offices in China, France, Italy, Mexico, Spain, the UK and the US. In the United Kingdom, BravoSolution is the sole approved provider of eSourcing Services under the Framework Agreement managed by an Executive Agency of the UK Treasury (OGC).
BravoSolution has a team of more than 350, 400 clients in 20 countries and its supply management software has been used by over 12,000 procurement professionals worldwide.