Maine Pointe Becomes Bonfire Partner, Strengthening its Strategic Procurement and Data Analytics TVO Capabilities
Enabling digital transformation across clients' end-to-end supply chain, connecting data and analytics to drive actionable insights and turning data into dollars
(Boston, Mass. â€“ October 30, 2018) Global supply chain and operations consulting firm Maine Pointe announced today it has entered into a strategic agreement with Bonfire Interactive Ltd., a leader in strategic sourcing software.
Bonfire is one of the fastest-growing procurement technologies ofâ€¯the last few years. It's aâ€¯powerful, collaborative toolkit for modern sourcing teams. Maine Pointe's procurement experts, working closely with our data analysts, deploy this cloud-based sourcing software toâ€¯help clientsâ€¯leverage deeper collaboration, deeper data, and deeper automation to help clients make more strategic sourcing decisions.â€¯
â€œWe are excited to become a Bonfire Partner,â€ said Nathanael Powrie, Maine Pointeâ€™s Executive Vice President, Data Analytics, â€œMaine Pointe helps its clients go to market with billions in spend annually. Time and complexity are traditionally a huge challenge for our team when we are managing multiple sourcing events. Bonfire is the most agile e-sourcing platform on the market and allows us to manage the global supply base from a centralized, secure environment.â€
Data analytics capability isâ€¯foundational to Maine Pointeâ€™s Total Value Optimizationâ„¢ (TVO) approach to transforming the end-to-end supply chain into a competitive weapon for clients. The powerful combination of Bonfire cloud-based platform and Maine Pointeâ€™s deep industry and subject-matter expertise will provide clients with a single workflow for data blending, modeling and reporting, delivering the insights to identify, track, measure and report on end-to-end supply chain improvements and move up the Total Value Optimization Pyramidâ„¢.
â€œMaine Pointeâ€™s expertise is foundational for companies to be able to realize maximum impacts across all procurement activities. This partnership offers corporate executives and private equity portfolio owners an opportunity for substantive savings from procurement events,â€ said Corry Flatt, CEO at Bonfire. â€œMaine Pointe has been able to leverage Bonfire to gain visibility into aggregate savings, which has had a direct impact on EBITDA - weâ€™re excited to partner with a team that has experienced such impressive results themselves.
The Bonfire Strategic Sourcing Platform provides a collaborative and centralized hub for all bid and RFx activities. A flexible cloud-based solution, Bonfire goes beyond basic sourcing systems and modules by including automated tools such as online solicitation, submission, contract management, and vendor performance. The solution is collaborative and powerful, allowing teams to conduct the entire procurement process - including deep vendor evaluations - in a streamlined and easy-to-use place. Bonfireâ€™s unique advantage is in how the solution collects and manages data, then surfaces relevant information to specific stakeholders for class-leading in-depth analysis and comparison. Bonfire makes the RFP process easy.
About Maine Pointeâ€¯
Maine Pointe is a globalâ€¯supply chain and operationsâ€¯consulting firm trusted by many chief executives and private equity firms to drive compelling economic returns for their companies. We achieve this by delivering accelerated, sustainable improvements inâ€¯EBITDA, cashâ€¯and growthâ€¯across their procurement, logistics and operations. Our hands-on implementation experts work with executives and their teams to rapidlyâ€¯break through functional silos and transform the buy-make-move-fulfill supply chain to deliver theâ€¯greatest value to customers and investors at the lowest cost to business. We call thisâ€¯Total Value Optimization (TVO)â„¢.
Maine Pointeâ€™s engagements are results-driven and deliver between 4:1-8:1 ROI.â€¯We are so confident in our work and our processes that we provide a unique 100% guarantee of engagement fees based on annualized savings.â€¯www.mainepointe.com
About Bonfire Interactive Ltd.
Bonfire, a leader in strategic sourcing and procurement technology, empowers organizations to make the right purchasing decisions. With tools to support the entire vendor lifecycle (sourcing, contract management, and vendor performance), the Bonfire strategic sourcing platform goes beyond the mechanics of traditional procurement suites to centralize all sourcing activities. The platform works the way you do and is designed to unite stakeholders, absorb compliance requirements, and facilitate advanced evaluation activities. Bonfire powers over $20-billion dollars worth of decision making across 250+ customers globally, and is recognized as a 2018 Gartner Cool Vendor. www.goBonfire.com