JAGGAER to Acquire BravoSolution

JAGGAER, a leading independent spend management technology company, today announced that it plans to acquire BravoSolution from Italmobiliare S.p.A., subject to customary closing conditions, effectively rendering JAGGAER the largest independent, vertically focused spend management solutions company in the world. JAGGAER will have over 1,850 customers connected to a network of 3.7 million suppliers in 70…

Procurement Set to Trim the Fat – Again

Hey buyers — Does anyone remember what your priorities were for 2013? Do the words “flexibility” and “resilience” ring a bell? Guess what? Your new top job is cutting costs. The Institute of Supply Management — which represents purchasing professionals across all major industries — surveyed about 500 of its members. The No. 1 concern among buyers isn’t…

ISM: Procurement Savings Miss the Mark

 When OEMs began implementing practices such as just-in-time (JIT) and build-to-order (BTO), analysts began to look at the supply chain as a possible profit center rather than a cost. Yet, a survey conducted by the Institute of Supply Management indicates that procurement – one of the key functions in the supply chain – remains primarily…