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Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Contact Sales The post A Balancing Act: Drive Sustainability while Managing Cost and Risk appeared first on Ivalua.
Riskmanagement, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Striking the Balance between People, Process and Technology. Will digitization improve performance?
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 riskmanagement are essential components to maintain stability during crises like these.
When they buy technology, cities and counties will often face multiple issues, says Dean Cunningham , segment development manager, Public Safety at Axis Communications , a company that produces network cameras, access control systems, network audio devices and other IP networking solutions for physical security and video surveillance applications.
Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?
In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Navistar had already been developing a supply chain riskmanagement program and were in the midst of executing digital transformation initiatives when the crisis hit.
CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time? Those are three hot topics in the enterprise today. When I say technology, I’m not talking about spreadsheets,” White said.
Others may still be applied to help businesses better manage the effects of the crisis. BalanceProcurement Objectives. Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives.
For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance. In this blog post, well explore in detail the impact of US tariffs on UK supply chains and outline actionable steps procurementteams can take to adapt. billion (ONS, 2024).
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