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The Belgium-based automotivesupplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.
We are delighted to have been selected for the digitization of one of the world’s leading automotive players’ procurement processes. The Volkswagen Group sells its vehicles in 153 countries. “We Ivalua is a leading provider of cloud-based Spend Management software.
When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.
The Belgium-based automotivesupplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions. About Ivalua. About Punch Powertrain.
Unsurprisingly, sustainability is the top priority, with 67% of respondents actively measuring CSR performance. However, only 33% have defined official sustainable policies and targets. Social and ethical priorities are close behind but still lag. This is followed by a lack of systems to enable effective, scalable collaboration.
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. . Unlocking supplier-led innovation. Supplier-led innovation is hardly a new concept.
As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.
Digital technologies have the potential to make mobility systems more sustainable, intelligent, and inclusive. Islands, like other communities, are working to create effective and sustainable transport linkages. Read more about creating a smart and sustainable island strategy in this IDC InfoBrief. billion and € 316.4
In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Balancing New Priorities Makes Procurement More Valuable.
In doing so businesses will be able to refer to due diligence statements prepared by upstream suppliers. The extent of the due diligence checks required are based on a benchmarking system to be adopted by the EU Commission that will assess countries (or parts thereof) to determine the level of risk of deforestation and forest degradation.
including the following sectors: Aerospace and Defense, Automotive, Construction, Electronics, Energy, and Consumer Products and Apparel. Also included within the Administration’s notion of sustainable procurement, however, is prioritizing the procurement of PFAS-free products. PFAS chemicals are widely used across the U.S.,
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