Severn Trent Selects BravoSolution for Advanced Sourcing
New programme aims to improve savings and sourcing impact
LONDON -- February 19, 2013
The Severn Trent Group has partnered with BravoSolution, the spend analysis
and strategic sourcing company, to roll out a new e-sourcing programme for its
UK water-services division.
Severn Trent will leverage BravoSolution to identify savings opportunities,
drive more profitable and efficient negotiations through e-auctions, and
improve its overall approach to sourcing. BravoSolution will also assist with
technology and process adoption.
“In searching for a new provider, we wanted a partner that offered more than a
powerful technology suite,” said Terry Moynihan. “In deploying the solution,
we took the opportunity to review and challenge our internal processes and
partner with a provider with practical experience of both system deployment
and comprehensive procurement experience. We have benefitted from both
perspectives from the outset.”
The project kicked off in November 2012, and the first round of e-auctions
uncovered immediate savings. In early 2013, the partnership will expand to
include supplier performance management to ensure that Severn Trent's
suppliers meet negotiated savings and performance targets.
“Both parties were aware that technology alone cannot transform a sourcing
process,” said Peter Hodgkinson, Account Director at BravoSolution. “Since the
start of our partnership, Severn Trent has been committed to providing its
team with world class sourcing technology as well as the additional resources,
training and consulting needed for a smooth and successful transition.”
About Severn Trent
Severn Trent Plc is a FTSE 100 company. Severn Trent Plc provide and treat
water and treat waste water in the UK, and internationally, through two
complementary businesses – Severn Trent Water and Severn Trent Services.
Severn Trent Wateris one of the largest of the 10regulated water and
sewerage companies in England and Wales. We provide high quality services to
more than 4.2 million households and businesses in the Midlands and mid-Wales.
Severn Trent Servicesis one of the world's leading commercial suppliers of
water and waste water treatment services and products, with customers in the
US, Europe, Middle East and Asia.
Supply management executives are now, more than ever, under pressure to
deliver more savings, develop and manage strategic supplier relationships,
accelerate procurement cycles, and maintain process excellence. Confronted
with these diverse yet consistent challenges, CPOs and sourcing professionals
must seek tailored solutions that deliver rapid ROI to their business.
BravoSolution offers leading software and services to fit the needs of today’s
sophisticated supply management organisations. Our services organisation, one
of the world’s largest teams of professionals dedicated exclusively to
sourcing and procurement consulting, delivers lean, targeted services to
support strategic sourcing and procurement initiatives. Our industry leading
software toolkit supports the full supply management lifecycle across myriad
industries, geographies and business models.
As of today, over 50,000 procurement professionals in 60 different countries
are benefiting from BravoSolution’s technology and services – unlocking
tangible benefits such as increased process efficiency, decision support, cost
reduction, improved process governance, greater quality relationships with
vendors and the ability to share, understand and act upon the wealth of
sourcing-related data held within their organisation.
Courtney Porcella, +1-617-969-9192
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