Remove 2021 Remove Supplier Remove Transparency
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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

More often than not, public procurement of technology is viewed as non-transparent, uncompetitive, poorly planned, inefficient, costly, and having high failure rates. A successful example of the market consultation process was the RFI conducted for the Magento Cloud implementation for the public marketplace of framework agreements in 2021.

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Ivalua Completes the Source-to-Pay Journey with Embedded Global Supplier Payments

ivalua

Enabling rapid, cost-effective and transparent supplier payments anywhere in the world. Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments.

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3 Ways to Drive Value Through Supplier Diversity

ivalua

Supplier diversity is not a new concept. The real challenge is that supplier diversity has generally been viewed as competing with other objectives, such as cost reduction or lowering risk. Fortunately, 2021 presents the perfect environment to drive meaningful progress, without the perceived compromises. Resilience.

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In Kazakhstan, opening up procurement boosts public oversight and prevents millions in wasteful spending

Open Contracting Partnership

While the e-procurement system doesn’t include the quasi-governmental sector and sovereign wealth fund (which aren’t governed by the public procurement law) it provides full transparency on the general procurement market which accounts for at least a third of Kazakhstan’s public spending. million (~US$24,000) were returned to the budget.

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Despite green pledges, less than a quarter of organisations monitor suppliers on carbon emissions

ivalua

Many organisations vowed to reach net zero during COP26, but suppliers say there is a lack of collaboration on green initiatives. Just one-in-ten (10%) suppliers say that organisations always include sustainable practices in contracts and agreements. Suppliers have an important role to play in tackling climate change.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

This holistic strategy—anchored in transparency, accountability, and technological integration—fosters a robust fiscal environment conducive to sustainable economic growth and enhanced public trust. This continuous data flow strengthens public trust by minimizing corruption risks and reaffirming a commitment to transparency.