Digital transformation reduces strategic sourcing costs and cycle times by 30%

The webinar will take place on November 7th and be based on findings from The Hackett Group’s 2017 Sourcing Time and Cost Measurement study.

  
Digital transformation reduces strategic sourcing costs and cycle times by 30%
Research by The Hackett Group in conjunction with BravoSolution Tejari on transformative benefits of procurement digitization


Dubai, UAE – BravoSolution Tejari, the leading global strategic procurement provider, will host a webinar in conjunction with The Hackett Group around the procurement benefits of digital transformation.

The webinar will take place on November 7th and be based on findings from The Hackett Group’s 2017 Sourcing Time and Cost Measurement study.

According to the report, which surveyed organizations across a variety of industries, including pharmaceuticals, biotechnology and life sciences, energy, and IT services, companies devote an average of 16 full time staffers to the sourcing process for every $1 billion in spend. This suggests procurement teams are stretched very thin and there’s significant opportunity to leverage automation to increase efficiency and effectiveness.

“Digital transformation is the foundation for teams looking to speed time to value and achieve real procurement effectiveness,” said Kurt Albertson, Principal at The Hackett Group. “Automating crucial, manual processes can help category managers reduce spend in specific areas, identify fresh opportunities for savings, and reallocate time spent on tactical procedures to more strategic initiatives – all obstacles for even the most mature procurement organizations.”

The webinar will highlight the tangible benefits of procurement automation and offer best practices for teams embarking on their digital journey. The Hackett Group’s research found half of all strategic sourcing time is currently spent in the supplier evaluation and negotiation phases, making these areas prime candidates for automation with software supporting supplier discovery, eSourcing and contract lifecycle management. The benefits of digitally transforming these processes are compelling.

Dan Quinn, Senior Vice President at BravoSolution MENA / Tejari, said, “The Middle East is witnessing business  innovation and advancement through digital technologies. Strategic procurement tools provide organization’s with an opportunity to develop solutions that add value to their businesses, transform their processes and drive results.  Automation is at the heart of the digital imperative and this research is just one of the many resources BravoSolution Tejari is offering to support teams along their path to digitization and enterprise transformation.”

To register for the upcoming webinar, please visit here.

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About BravoSolution
BravoSolution is a leading global strategic procurement solution provider. Our procurement technology platform and practitioner experience help more than 650 companies and 150,000 procurement professionals in over 70 countries unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. BravoSolution’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform their market. BravoSolution has direct operations in 18 offices located in 12 countries across 4 continents, employing more than 650+ procurement experts. To learn more, see http://bravosolution.com.

About Tejari 
Tejari operates as an integral part of the BravoSolution network with an exclusive focus on the Middle East and North Africa. Its growing team composed of more than 75 professionals across Dubai and Abu Dhabi provide effective support to a rising portfolio of local clients as well as multi-national organizations operating in the region.

With its market leading global strategic procurement platform, 15+ years of practitioner experience, directly serving over 70 countries, Tejari as part of the BravoSolution group, helps more than 650 companies and 150,000 purchasing professionals worldwide unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. Tejari’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform.

For more information about Tejari, please visit the website: www.tejari.com, or follow us through 'Twitter' @Tejari_UAE, in addition to our account in 'LinkedIn'.

© Press Release 2017


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