1. How To Avoid Procurement Malpractice
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2. Procurement in 2012
•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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3. Strategies for Procurement Success
The spend analysis formula:
Visibility + Analysis + Process = Success
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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?
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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?
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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
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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
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8. Contact Us
217 N. Jefferson
Suite 400
Chicago, IL 60661
Phone: 312-373-3100
For more information on BravoSolution’s spend analysis tool,
visit BravoSolution.com.
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