Remove Automotive Remove Efficiency Remove Procurement Team
article thumbnail

Hutchinson Expands its Procurement Digitalization Roadmap with Ivalua

ivalua

Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements. In 2022, it generated a revenue of €4.400 billion.

article thumbnail

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Delivering Value Through Cross-Function Collaboration

ivalua

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

article thumbnail

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

ivalua

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.

article thumbnail

Top strategies for procurement to help support revenue growth

ivalua

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.

article thumbnail

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

ivalua

Enabling this holistic strategy requires aggregating and analyzing data generated at every stage of Procurement — from sourcing to purchasing, to contract lifecycle management and invoicing — and extracting actionable insights that can inform decisions about suppliers, products, spend management and more. .

article thumbnail

New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

ivalua

Improving the efficiency and effectiveness of sales and marketing activity. In every case here, it’s clear that procurement has a potential role to play. For one European bank, the capability of their internal procurement team has become a customer benefit that is winning new revenue.