Strategic Procurement Platform Maximizes Procurement Effectiveness, Value Creation and Innovation
DUBAI, United Arab Emirates - Monday, August 10th 2015 [ME NewsWire]
Tejari, the strategic
procurement company, has released BravoAdvantage, its next-generation
procurement platform that enables organizations to generate more value,
influence innovation and reduce risk across the supply chain. Unlike
traditional spend management and procure-to-pay solutions, BravoAdvantage’s unique approach integrates supplier lifetime value throughout the entire strategic procurement process providing the visibility, insight and transparency needed to power and improve every procurement initiative and decision, from demand to contract.
“Spend Matters has long recognized Tejari as a customer-centric provider with substantial size and global reach,” said Jason Busch, the managing director at Azul Partners and founder of Spend Matters. “Their recently updated BravoAdvantage solution line positions them well to accelerate from their past as a leading sourcing suite provider into a broader, next generation procurement platform in both the commercial and public sectors.”
The Tejari platform empowers organizations to advance beyond conventional procurement practices and unlock the true power of procurement. The powerful technology – backed by Tejari’s experienced consultants and proven methodologies – gives procurement everything needed to drive the growth and profitability of their organizations and create an unrivaled financial advantage over competitors.
“Conventional procurement methodologies don’t cut it in today’s volatile and extremely competitive market. If an organization wants to compete at the highest level, it needs to rethink its approach to procurement and focus on delivering measurable business value,” said Jim Wetekamp, CEO of BravoSolution, Tejari’s sister company. “We’ve found that top-performing procurement teams can increase savings two to three times to deliver a thirty percent improvement in profitability – which represents a massive competitive advantage. BravoAdvantage makes achieving these types of results possible.”
Supplier Value at the Core of the Strategic Procurement Process
BravoAdvantage is the first strategic procurement solution designed to increase the effectiveness and efficiency of the entire strategic procurement process by integrating supplier value at every stage - savings management, spend analysis, sourcing, contract management and supplier relationship management.
New and upgraded functionality in BravoAdvantage includes:
- Savings Management, enabling procurement to report on value creation, more actively manage spend performance and identify and account for gaps between target saving, forecasted savings, realized savings and any deviations.
- Spend Analysis, powering procurement to leverage spend data to proactively identify new sourcing opportunities, better manage compliance and more accurately report on savings.
- Supplier Value Management, helping procurement proactively manage risk, improve compliance and increase visibility into the entire supply base, throughout the entire procurement process.
- Sourcing, streamlining procurement’s ability to source suppliers, run simple and complex sourcing events and evaluate goods, works and services in an automated and collaborative fashion to reduce cycle times, increase transparency and achieve faster ROI.
- Sourcing Plus, giving procurement an advanced approach and optimization platform to source its most strategic, complex categories.
- Contract Lifecycle Management, offering procurement a direct link between contract performance and Supplier Value Management, resulting in more compliance, better reporting and easier approvals.
About Tejari
Tejari is a leading global strategic procurement solution provider. As part of the network of BravoSolution worldwide subsidiaries, our procurement technology platform and practitioner experience help more than 600 companies and 65,000 purchasing professionals in over 70 countries unlock the power of procurement to drive financial performance, develop procurement organizational excellence, manage risk, and influence innovation.
Tejari’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform their market. The BravoSolution group has direct operations in 18 offices located in 12 countries across 4 continents, employing more than 600 procurement experts. To learn more, see www.tejari.com, read our blog Strategic Sourcing, follow us on Twitter @Tejari_UAE and connect with us on LinkedIn.
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