CHICAGO--(BUSINESS WIRE)--Gartner, Inc. released the latest Magic Quadrant for Strategic Sourcing Application Suites today, and BravoSolution is positioned in the Leaders Quadrant for the third straight report (2010, 2013 and 2015). BravoSolution was among the most highly-placed vendors for both its ‘completeness of vision’ and 'ability to execute.'
“Our clients face immense pressure to expand their market share, drive financial performance and effectively balance the risks, uncertainty and opportunities in today’s global market,” said Jim Wetekamp, CEO of BravoSolution. “We believe Gartner’s continued recognition is a testament to our ability to stay one step ahead of these demands and enable our clients to outperform the market and their competitors with an innovative approach to sourcing and procurement.”
BravoSolution was also positioned in the Leaders Quadrant in the past two Magic Quadrants issued by Gartner in 2010 and 2013, respectively.
BravoSolution has found that clients leveraging its advanced sourcing technology and approach outperform Fortune 2000 companies in operating margins by 370 basis points and return on invested capital by 380 basis points – which can amount to hundreds of millions of dollars in potential profits for large, global organizations.
“The procurement profession has evolved during the past 25 years from paper-intensive order processing to a strategic enterprise function able to fully leverage spending power to build a competitive advantage,” according to Gartner’s 2015 report, Magic Quadrant for Strategic Sourcing Application Suites. “The advent of the Internet, and the collaborative capabilities it provides, has served as a trigger for a new generation of procurement solutions that support and enable this transformation.”
Download the complete 2015 Magic Quadrant for Strategic Sourcing Application Suites today. The report, available free from BravoSolution, evaluates vendors based on ability to execute and completeness of vision. For more information visit BravoSolution.com.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 organizations. Our services organization, 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 a myriad of 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 organization. Learn more at BravoSolution.com.