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Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

Supplier diversity programs are something many procurement professionals in the United States (U.S.) These programs are as familiar to procurement professionals as concepts like spend analysis or category management. businesses proudly maintain robust supplier diversity programs.

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Supplier Diversity: How to Achieve Impact at Scale

Art of Procurement

Supplier diversity is not just a box to tick on a corporate social responsibility checklist; it is a dynamic strategy. The post Supplier Diversity: How to Achieve Impact at Scale appeared first on Art of Procurement.

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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

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!

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Effective P2P solutions support both.

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The Science and the Art of Procurement

ivalua

Outside the technology field, we have also seen “science” come to the fore in terms of codifying processes such as Category Management. There may be different models in use, but there is a pretty well-accepted logical methodology behind how organisations approach their management of major spend areas.

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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.