|By PR Newswire||
|August 18, 2014 08:00 PM EDT||
SYDNEY, August 19, 2014 /PRNewswire/ --
BravoSolution, the international leader in Supply Management software and services, today announces that TransGrid has selected the BravoSolution Platform to enhance the organisation's supplier performance management processes.
(Logo: http://photos.prnewswire.com/prnh/20140819/701275 )
TransGrid will use the platform to assist in managing suppliers through performance monitoring, assessment and reporting on Key Performance Indicators.
In using the platform, the following objectives of TransGrid will be met:
- The delivery of an improved supplier performance recording process, capturing consistent performance data to assist in the management of suppliers and to inform future procurement, evaluation and negotiation strategies
- The delivery of an improved methodology for assessing performance against agreed KPIs and a system that provides visibility of supplier performance for all of TransGrid's contract types
- Improved reporting on supplier performance to support strategic procurement initiatives and assist Supplier performance and relationship management
BravoSolution was selected for the project following a competitive tender. The company's experience as the leader in the Gartner Magic Quadrant and its ability to meet TransGrid's specific needs over and above its competitors were key factors in the decision.
Kersha Levi, Manager of People and Corporate Services for TransGrid states "As TransGrid moves into a period of increasing change, having an efficient performance management system in place will allow us to manage our supplier relationships and contract detail more effectively. The adoption of BravoSolution's supplier performance management platform will provide TransGrid with a framework for us to effectively track and manage our vendors' performance and compliance, with a view to identifying any risks so that we can proactively address them through collaboration with our suppliers."
"Businesses are increasingly under pressure to deliver improved operational efficiency to remain competitive," says Anthony Larratt, Managing Director - BravoSolution APAC.
"Supply management and procurement is a key business area in which efficiencies can be achieved. BravoSolution uses tailored software solutions and expertise to help supply management executives manage supplier relationships, improve processes and get the most out of the contracts put in place by procurement professionals."
BravoSolution is dedicated exclusively to sourcing and procurement consulting with industry leading software to support the full supply management lifecycle.
More than 60,000 procurement professionals in 60 different countries are using BravoSolution's technology and services to unlock benefits such as increased process efficiency, decision support, cost reduction, improved process governance, greater quality relationship with vendors and the ability to share, understand and act upon the wealth of sourcing-related data.
Group turnover at year end 2013 was €66 million.
Learn more at http://www.bravosolution.com.au
TransGrid is a State Government-owned corporation, which owns, operates, maintains and develops New South Wales' $3.7 billion high voltage transmission network. TransGrid's 12,500km transmission line powers the NSW economy by linking cities and towns, mines, agriculture, business and industry. TransGrid is a world-class transmission network service company, providing secure and reliable high voltage electricity from generators to the State's distributor networks. Learn more at http://www.transgrid.com.au
Contact: Sarah Clarke, [email protected] , +61(0)2807-20644
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