Catering firm Compass Group is using software to standardise the whole purchasing process and reduce its own costs by helping suppliers reduce theirs.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Richard Page, international purchasing director for food, at Compass Group, said because of the economic slowdown, the company needs to improve its purchasing process.
"It is essential that our purchasing teams deliver the best possible results in a transparent, ethical and measured way," he said. "Although we have already utilised e-auction facilities as a negotiating tactic for a number of years now, BravoSolution will help take us move to the next level of e-procurement and develop end-to-end procurement procedures."
The company's international purchasing team will use the BravoSolution platform at its head office and it will also introduce the same system and procedures to its purchasing teams across Europe.
Compass expects to lower the cost of supplies though making the process easier for suppliers.
"[The system] will allow suppliers to have a greater insight and easier access into the Compass Group purchasing environment. Many suppliers are already familiar in working with e-procurement systems, and we are hoping to reduce suppliers' own costs in certain categories," said Page. "[Cost reductions for us] will be achieved by reducing suppliers' own costs in certain categories."