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London, UK, 28th November, 2022. These findings lay bare the significant toll of supply chain disruption on UK businesses,” comments Alex Saric, smart procurement expert at Ivalua. As Black Swan events accelerate, UK businesses must bolster resilience by ensuring they have total visibility into all suppliers, including tier-2 and 3.
TOP TEN CPO PRIORITIES for 2022: Webinar Recap. In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . REDUCE SPEND COST .
Nearly a third (32%) of procurementteams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurementteams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. About Ivalua. .
Redwood City, CA February 10, 2022 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Bravida Holding AB has selected the Ivalua platform to digitize the management of its direct and indirect spend. . Learn more at www.ivalua.com. Follow us at @Ivalua.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement2022: Big Trends and Predictions. . Procurement2022: Big Trends and Predictions. #1. Inflation will Continue to rise in 2022. What can we expect in 2022? The Criticality of the Supply Chain (and Suppliers). View Webinar Replay.
If you’re part of any government procurementteam, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.
Leader Forrester Supplier Value Management Platforms, Q1 2022. Gartner Peer Insights Customers’ Choice 2022 . Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. The group covered localizing suppliers, right shoring, ESG, and managing risk.
The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.
Our first day will feature Ivalua’s Founder and CEO, David Khuat-Duy , offering his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Breakout : Data-Driven Procurement. The post We’re BACK!
In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
5 Reasons to attend 2022 Ivalua NOW DC: Stronger Together. We cannot wait to connect with procurement leaders, innovators, customers, and colleagues in our beautiful nation’s capital! . Anthony Long, Vice President and Chief Procurement Officer and Mark Krause, Sr. 2022 Ivalua NOW D.C. We’re BACK! The post We’re BACK!
The majority of organizations consider supply chain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Redwood City, CA, 13 October, 2022. Most organizations continue to suffer from severely limited visibility in the lower levels of their supply chains.
As we continue to adjust to new business cycles, 2022 offers an opportunity to learn how to incorporate lessons learned from 2020 to establish a new supply chain and customer experience strategy. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
Aside from mitigating risk and saving organizations money, Procurementteams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Ardent found that many didn’t even know how many suppliers are high risk.
The report explains that: “Scope 3 emissions reduction is a key challenge for companies, often due to a lack of visibility and monitoring of suppliers’ data. Companies also face engagement gaps between their suppliers and procurementteams.”. This is why a smarter approach to procurement is critical.
Redwood, CA, 17 October, 2022. Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution.
In 2022, it generated a revenue of €4.400 billion. Hutchinson started digitalizing procurement in 2014 with Ivalua’s supplier relationship management and spend analysis modules. The company has now upgraded its current system with the addition of Ivalua’s eProcurement solution to digitalize its indirect procurement.
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. With global trade volumes expected to grow by 4.7%
Another key consideration is whether the procurement software solution you’re considering is a unified platform or a collection of systems working together through acquisitions. Having supplier information scattered across multiple systems can lead to data quality issues and even duplicate records for the same supplier.
Redwood City, 11 August, 2022 – Ivalua, a global leader in spend management , today announced that Aegion Corporation, a leading provider of infrastructure maintenance, rehabilitation, and protection solutions, selected its platform to digitally transform procurement. Ivalua will also deliver implementation services.
Procurious teamed up with Ivalua to survey 170 procurement and supply chain leaders on the pressures and conditions they’re experiencing in 2022 and their outlook for next year. The result: Many Procurementteams are bending and cracking under the pressure. Under Pressure, We’re Cracking.
This exciting project provides TELUS’ employees with the ability to purchase everything they need to support their business through an easy-to-use and optimized procurement experience, ” said Dan Amzallag, COO of Ivalua. Canadian-based TELUS implements Ivalua’s EPS solution to digitize the entire end-user buying process.
It may be a controversial statement to make, but the value that a procurementteam can deliver within a financial services organisation is lower than what can be delivered in other sectors. The PRA has recently concluded a consultation in this area and announced that similar regulations will be applied on 31 st 2022. .
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with Transfermate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. With global trade volumes expected to grow by 4.7%
In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO). Pursuing a sustainability plan When a procurementteam is committed to green purchasing, there are a variety of strategies that can be considered.
However, the administrative burden on university procurementteams is unlikely to go away. For example, universities must have regard to the whole raft of procurement guidance coming from the Cabinet Office in the form of procurement policy notices (PPNs). Get in Touch First name (*) Please enter your first name.
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