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Step 1: Use eProcurement Systems as a Potential Source of Revenue. eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . Step 2: Use eProcurement for vendor relationships .
Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . According to KPMG’s 2018 Retail Trends Report, the costs of GNFR goods and services accounts for 8-14% of the total cost base for retailers. Attack GNFR Spend.
Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. Ivalua’s P2P customers realize high levels of digitization and significant value due to rapid deployment and high levels of both user and supplier adoption. Users have access to more product choice while still complying with company policies.
Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. Ivalua’s P2P customers realize high levels of digitization and significant value due to rapid deployment and high levels of both user and supplier adoption. Users have access to more product choice while still complying with company policies.
At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. Getting invited early in the process, instead at the moment when preferred suppliers have already been selected means you get a chance to add as much value as possible.
Pursuing a strategy of growth through acquisition, GTY brought together Bonfire, CityBase, eCivis, OpenCounter, Questica and Sherpa in 2018, and DemandStar and Ion Wave Technologies in 2022.The Euna Procure – Formerly Bonfire, IonWave and DemandStar, Euna Procure is the most complete set of eProcurement solutions for the public sector.
No system is worth the money you invest in it if your users and suppliers will not engage. CPOs in many organisations have progressed beyond the planning stage, with Ivalua actively working with many of them and supporting their journey. Not Everyone May Want to Go on This Journey.
Global automotive component supplier Meritor is a great example. They configured a unique approach to new product introductions (NPI), digitizing their engagement with suppliers, resulting in bringing more products to market faster and with greater profitability, multiplying their stock price over the period.
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