“Both parties were aware that technology alone cannot transform a sourcing process”
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 Water is one of the largest of the 10 regulated 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 Services is 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.