New report by BravoSolution

Make 2012 a banner year for procurement.

Our 2012 Prediction: Procurement will finally become a business driver in 2012 – not just a cost cutter.

Thankfully for procurement, cutting costs is a little bit more attainable than cutting the waistline.

Here are our top resolutions for procurement in 2012 .

Resolution #1: Start embracing non-compliance

A lack of compliance means more to procurement than increased costs – it highlights areas for improvement.

Is your technology user-friendly? Are other departments buying off contract because

your process is too complex? Are the suppliers meeting everyone’s needs?

Stop expecting your marketing, production and IT colleagues to simply “get it.”

Non-compliance is an opportunity for improvement, not just a hindrance.

Resolution #2: Put the supplier at the heart of your process and technology

If your suppliers fail, you fail too – no matter how much you’ve perfected your process or technology.

Your resolution for 2012: Treat – and protect – your suppliers as your competitive advantage.

Take a full-circle approach to supplier relationships: understand the health of your supply base properly assess risks move towards collaborative supplier partnerships.

Resolution #3: Start using market-informed sourcing – or boost your adoption.

Your ‘tried and true’ sourcing approach may be leaving cost savings unturned.

To develop better partnerships with suppliers, move away from simply pushing our strictly defined tender requirements.

Market-Informed Sourcing embraces a more collaborative approach to procurement and is proven to boost category savings up to 30 per cent, but adoption is still extremely low.

Dealing with the New Normal: Ten New Year Resolutions for Procurement in 2012

Contact Us

217 N Jefferson, Suite 400Chicago, IL 60661

312-373-3100

For more information on BravoSolution,the spend analysis and strategic sourcing company,

visit www.bravosolution.com