Compass Group Selects BravoSolution to Streamline Supply Management.Three-Year Deal Will Improve Efficiency for International Business MALVERN, Pa. -- BravoSolution (www.bravosolution.com), the international leader in Supply Management software and services, today announces that Compass Group The British company Compass Group LSE: CPG is one of the largest food service businesses in the world. It provides catering services to many types of institutions, for example schools, hospitals, companies and nursing homes. is deploying its eSourcing platform to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. internal procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. across its international offices. The platform will enable the food management and hospitality provider to develop greater transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. across the 60 countries in which it operates, and will improve efficiencies through simplified sourcing and supply management processes. Compass Group, which makes food and non-food purchases of approximately $5.5 billion a year, will receive ongoing support and training from BravoSolution throughout the three-year deal. In addition to cost savings, Compass Group expects BravoSolution's customizable suite of consolidated tools to provide tangible improvements in both the quality of procurement processes and visibility across its sites in each country. The eSourcing platform will also provide requirements and specifications for each eRFx globally, as well as contract award and management capabilities. "BravoSolution stood head and shoulders above the competition and will really help us to take eSourcing to the next level," said Richard Page For the musician, see . Richard Lewis Page (born 22 February 1941, Tredegar) was a Conservative Member of Parliament (MP) in the United Kingdom from 1976 to 1979 and from 1983 to 2005. , International Purchasing Director for Food at Compass Group. "Many of the options we looked at were off-the-shelf solutions which required us to make significant changes to our procurement processes. With the BravoSolution platform, it was clear that we could easily tailor it to meet our own needs, avoiding lengthy and costly changes to our procurement procedures. Combined with the fact that the company clearly understood the needs of our procurement officers and is able to provide in-country support across a number of key regions, the decision to work with BravoSolution was an easy one to take. "Our business model means that we need to purchase a wide range of products and services across the globe, making international sourcing and procurement processes very complex. "We are confident that the BravoSolution platform will enable us to simplify our global system and improve the terms of deals with our suppliers. The fact that a large proportion of our supplier base already use the BravoSolution platform, gives us the confidence that this restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). will be even easier to roll-out than originally planned." Nader Sabbaghian, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BravoSolution, adds: "By working closely with Compass Group, we will be able to provide software and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" that are tailored exactly to their international needs. Standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting of procurement processes can be a challenge for any organization, but for those operating in multiple countries it can seem an almost impossible task. We are confident that the BravoSolution eSourcing platform will enable Compass Group to tackle this challenge head-on, while meeting its business demands and ensuring the company receives the best return on investment from its suppliers." Key benefits of the BravoSolution e-sourcing portal include: * Improved efficiency through faster response and evaluation times * Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. scoring to accelerate the evaluation process * Improved visibility and oversight
Oversight may refer to:
* Robust audit trails and reporting * Integrated supplier profiling and response pre-population * Collaborative evaluation capabilities to gather feedback from multiple stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. BravoSolution figures: > 12 offices in 8 countries (Italy, France, Mexico, Spain, The Netherlands, U.K, China and U.S) across 3 continents > More than 400 employees, continuously growing; 24 nationalities > 400 clients in 30 countries > More than 200 supply management software (SaaS model) used by over 20,000 procurement professionals worldwide > 200,000 suppliers from more than 100 countries have been involved in Supply Management processes conducted through BravoSolution technology About Compass Group Compass Group PLC is a market leader in providing food and a range of selected support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to customers in the workplace, in schools and colleges, in hospitals, at leisure or in remote environments. We bring together the combined strength of a Group which operates in around 55 countries, with an annual turnover of over 11bn, with more than 388,000 employees, to deliver the same superior standards of service globally, daily, personally. Our strategic focus is on the outsourced contract foodservice market, one in which we have an enviable en·vi·a·ble adj. So desirable as to arouse envy: "the enviable English quality of being able to be mute without unrest" Henry James. track record as the global market leader, together with developing a range of complementary support services in which we have an existing competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. and which, driven by customer demand, we want to develop further. Our approach to the market is based on developing those sectors and countries that have real prospects for growth, as well as providing the global capability necessary to support our growing international client base. We have developed sector-specific operations in the six core market sectors in which we work: * Business & Industry: Providing services to people in their workplace * Education: All levels of the education sector * Healthcare & Seniors: Services to patients/residents, staff and visitors * Sports & Leisure: Cultural venues (eg, museums), sports venues and major events * Fine Dining: Prestigious corporate offices and social and hospitality events * Defence, Offshore & Remote Sites: Services to remote locations in the energy, mining and construction sector, and to military personnel About BravoSolution BravoSolution helps procurement professionals to drive Supply Management Excellence with a combination of software, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and category expertise. Our mission is to generate value by supporting our clients in the improvement of procurement processes to drive their companies' strategic objectives. Founded in June 2000 by the Italcementi Group, BravoSolution delivers valuable results to its numerous customers worldwide through its offices in China, France, Italy, Mexico, Spain, the UK and the US. BravoSolution has a team of more than 400 professionals serving over 400 clients in 30 countries and its supply management software has been used by over 20,000 procurement professionals worldwide. |
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