Advanced procurement practices using market intelligence, category knowledge and best-of-breed technology saves time and money for organisations and leads to improvements in quality, greater control over expenditure, and increased profitability.

If these are the purchasing goals of your business, but you lack the time, resources, skills or technology to achieve your buying potential, BrightSourced can help.

BrightSourced provides the market intelligence, technological expertise and experienced manpower to help you achieve maximum returns in procurement.

“Although we have only just engaged with Brightsourced, the experience has been extremely positive with immediate potential FOB (free on board) savings visible, on which we are currently following up.  The exciting thing going forward, is the applicability of the process to both product and GNFR within business units or across retailers where applicable.

The thoroughness of the preparation and then the follow up, ensures that incumbent suppliers are not necessarily ‘scared’ by this intervention and results in a ‘learning curve’ for suppliers and buyers/vendors alike of the art of the possible.”

Rob Taylor, Managing Director, Pepco

“BrightSourced adds significant value to our Trading teams. Their detailed fully managed approach, not only puts our incumbent suppliers at ease with the process, but their global supplier search capability, often presents new relevant suppliers for Buying teams to potentially work with. Add this to their best in class approach, to ensure the most competitive market price is achieved, then I would highly recommend BrightSourced as a partner and an extension of any Trading team.”

Barry Williams, Managing Director, Poundland

“BrightSourced have become one of our key partners. Since 2011 they have managed long term, key procurement projects for us, helping to secure the best deals possible from our suppliers in terms of product quality, price and service.

We enjoy working with the team at BrightSourced and we are constantly pleased to see the value they provide to our bottom line.”

Head of Purchasing, Renshaw Napier

MAXIMISING YOUR RETURNS IN PROCUREMENT

Spend analysis

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Process improvement

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opportunity analysis

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AP Recovery

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ePROCUREMENT

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eRFX

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market research

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supplier research

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GAIN CONTROL FOR YOUR BUSINESS

At BrightSourced we believe that by understanding and analysing past spend data, market trends and future costs, it gives you control over your expenditure, revenue and profits.

SPEND ANALYSIS

Our dedicated team of analysts collect, cleanse and analyse your expenditure data providing invaluable insight into your spend patterns.

We help companies consolidate spend across 1000’s of suppliers and multiple trading divisions, using our technology and industry expertise.

PROCESS IMPROVEMENT

Our goal is to help you become as efficient and cost effective as possible.

We take a systematic approach to identifying performance gaps and streamlining your procurement process.

OPPORTUNITY ANALYSIS

We specialise in identifying means to capture value through sourcing.

We can highlight potential saving opportunities, working directly within your requirements analysing supplier spend and current sourcing processes.

AP RECOVERY

Recognise and stop any billing inaccuracies going back as far as 6 years

Our team of dedicated specialists –

  • Identify duplicate payments and incorrect invoicing
  • Verify and report errors on AP processes
  • Reconcile incorrect payments & identify process improvements
  • Formulate disaster recovery plans

PROCURE WITH EASE & FLEXIBILITY

We understand the challenges associated with procurement. With over 20 years’ experience of working with businesses of all sizes on a global scale, we help your business procure with ease and flexibility.

ePROCUREMENT

Using our innovative technology and experience, we can manage your complete eProcurement requirements on your behalf.

Our eProcurement methodology allows significant cost and time saving benefits, without having to invest in your own technology and people in-house.

MARKET RESEARCH

At BrightSourced we constantly monitor and analyse the marketplace.

We ensure we run projects during category optimum buying periods to achieve the best possible results for our clients.

SUPPLIER RESEARCH

At BrightSourced we can research suppliers on behalf of our customers globally, across multiple industries.  We have a multi-lingual team who can translate any information we obtain, for the most up-to-date and accurate information on potential suppliers for our customers.

eRFX

We work with clients to build bespoke eRFX projects, from eRFPs to eAuctions.

Using our eProcurement platform we are able to conduct detailed supply base service and cost base analysis, which provides our clients with improved, specific supply base knowledge at the most competitive market rates.

IMPROVE ON CONTRACTS AND SUPPLIER RELATIONSHIPS

When excellent procurement processes are in place, it is important to continually improve on agreed contracts and relationships with suppliers, as well as ensure internal and external contract compliance.

CATEGORY MANAGEMENT

We offer an end-to-end process for purchasing that streamlines your business goals and requirements with supply market capacity helping to reduce risk, improve service and increase revenue.

SUPPLIER RELATIONSHIP MANAGEMENT

At BrightSourced we recognise that not all suppliers are the same and we tailor our approach to strengthen relationships to yield the best results.

We help develop mutually beneficial relationships to maximise your competitor advantage and ultimately increase revenue.

CONTRACT COMPLIANCE

At BrightSourced we can ensure your suppliers are abiding by the contractual obligations set out and take a disciplined and dynamic approach, ensuring we extract the maximum contract value.

CONTRACT MANAGEMENT SERVICES

BrightSourced can help to ensure your business is optimising its contractual obligations preventing possible complications in the future. Key benefits of our contract management services include –

  • Reducing risk and compliance incidents
  • Improving supplier relationships
  • Increasing revenue and profitability

SUCCESS STORIES

“BrightSourced has helped Asda deliver incredible efficiencies and impressive savings across both our GFR and GNFR categories. They have achieved this through their in-depth procurement expertise, their market knowledge and their ability to utilise the most appropriate software platform for our needs. I would highly recommend them to any organisation.”

Category Manager, Asda

CASE STUDY

Renshaw napier

Renshaw Napier is a leading UK bakery, ingredient and sugar group, offering a wide range of products to grocery retailers, wholesalers and manufacturers.

The company’s procurement processes suffered from a lack of accurate spend data and exposure to risk – with a lot of reliance on strategic partners and a shortage of alternative suppliers. They also had significant savings targets to achieve before the end of their next financial year.

“Although we have only just engaged with Brightsourced, the experience has been extremely positive with immediate potential FOB (free on board) savings visible, on which we are currently following up. The exciting thing going forward, is the applicability of the process to both product and GNFR within business units or across retailers where applicable.

The thoroughness of the preparation and then the follow up, ensures that incumbent suppliers are not necessarily ‘scared’ by this intervention and results in a ‘learning curve’ for suppliers and buyers/vendors alike of the art of the possible.”

Rob Taylor, Managing Director, Pepco

CASE STUDY

Barts NHS Trust

After setting up the first NHS water framework in the UK, BrightSourced then analysed Barts’ water spend data, to understand how they were using water and what they were actually spending in wholesale and retail costs.

BrightSourced successfully identified a supplier on the framework to save 62% on Barts’ retail water costs, whilst providing greater service levels than what they experienced before.

“BrightSourced adds significant value to our Trading teams. Their detailed fully managed approach, not only puts our incumbent suppliers at ease with the process, but their global supplier search capability, often presents new relevant suppliers for Buying teams to potentially work with. Add this to their best in class approach, to ensure the most competitive market price is achieved, then I would highly recommend BrightSourced as a partner and an extension of any Trading team.”

Barry Williams, Managing Director, Poundland