Remove Automotive Remove Collaboration Remove Procurement Team
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Delivering Value Through Cross-Function Collaboration

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The Pixar building is one of the most vivid examples of how successful companies value cross functional collaboration within their organisation. This was delivered initially by having a sizeable atrium in the centre of the single office building to enable people to communicate, which it was assumed would lead to greater collaboration.

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New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

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For one European bank, the capability of their internal procurement team has become a customer benefit that is winning new revenue. But the highlight was hearing from Mark Gursky, Director of the Procurement Center of Excellence at Meritor (a $4 billion global manufacturer of automotive components).

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CSR is Good for Business, an Independent Consulting Study Reports, but Official Targets & Policies are Lagging Behind

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35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. This is followed by a lack of systems to enable effective, scalable collaboration. The study began in March 2021 and was completed in August 2021.

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Ivalua Announces New Innovations for Managing Direct Materials Spend

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Ivalua’s BOM Lifecycle Manager enables teams managing direct materials spend to work collaboratively to design and deliver products that meet quality requirements, delight customers, and yield maximum profitability. The new innovations extend the leadership of Ivalua’s solutions for Manufacturing and Direct Materials.

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Top strategies for procurement to help support revenue growth

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With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurement teams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.

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The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

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For example, consider the challenges in the automotive industry that stem from the supply chain issue in chip manufacturing. Achieving these goals requires maintaining complete visibility across your suppliers (into tier 2 and 3), and setting up processes for effective and efficient collaboration and transparency across the supply chain.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

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Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. This is largely due to a lack of collaboration within the enterprise, as well as with partners and suppliers, which has a negative impact both on revenue and customer satisfaction.”.