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One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.
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. Why is visibility so important?
We’re pleased to welcome a blog from Denis McFadden, Deputy Director, Procurement Services Division to reflect on the procurement role MPIP have played in supporting and enabling the delivery of new Social Security benefits in Scotland. Adapting to COVID-19 MPIP had to pivot and adapt to reflect the impact of COVID-19.
If you’re part of any government procurementteam, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.
The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. In this two-part blog series, we answer frequently asked questions to help you understand the impact of the Act and how to prepare.
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.
Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurementteams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurementteams continue to deliver.
Norway Public Sector Solution Details Jarrod McAdoo Director of Product Marketing Jarrod McAdoo brings over 26 years of procurement experience to Ivalua as a product expert for the Analytics & Insights, Supplier Management, Spend Analysis, and Environmental Impact Center Solutions.
Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage. How 100% spend insight is not the same as 100% spend under management.
Even in terms of the “improved sales / marketing” route, there are possibilities – maybe procurement can work with the marketing team to find innovative suppliers in areas such as digital marketing? For one European bank, the capability of their internal procurementteam has become a customer benefit that is winning new revenue.
In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurementteam to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a Complex Network of Direct Material Suppliers.
Meet the Buyer 2024 Alongside headline partners, Scottish Government and Scotland Excel, over 55 exhibitors have already signed up to engage with suppliers on the day. Come along to meet with procurementteams, buyers and supply chains to learn about upcoming projects and tender opportunities across Scotland and the UK.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. ProcurementTeams Step-up. Help staff sell procurement’s value during recovery.
As public procurementteams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy.
With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurementteams 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.
You can find out more information about these on our Scottish Procurementblog. The aim of the platform is to support data-driven procurement decisions. The plan is to replace the current pre award systems (PCS and PCS-t), innovation notices and contract and supplier management, with a single system.
Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.
Another key consideration is whether the procurement software solution you’re considering is a unified platform or a collection of systems working together through acquisitions. Having supplier information scattered across multiple systems can lead to data quality issues and even duplicate records for the same supplier.
Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurementteams to foster more diversity in their vendor pool. At what point did diverse suppliers or small suppliers become a priority?
If the amount is over the threshold, sourcing is led by the procurementteam, whether through a public bid, NOI, or limited tendering option. Going forward, the agencies that use a patchwork approach are working towards adopting a single tool that will streamline their processes and support procurement success.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO).
Leader Forrester Supplier Value Management Platforms, Q1 2022. Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. The group covered localizing suppliers, right shoring, ESG, and managing risk. Keep an eye out for an in-depth blog session recap!
We’ll be back in the New Year with lots more interesting and informative content, make sure to subscribe to our blog and keep up to date! Julie: So our councils are facing massive financial gaps in their budgets and I’m really proud that over the last year local council procurementteams are stepping up to help them with that.
getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level.
As I write this blog, the COVID-19 pandemic continues to ravage populations and economies around the world. As financing and cash flow is uncertain, cash is once again king and Procurement and AP leaders are being asked to forecast and preserve cash wherever possible. The same applies to suppliers. Spend under management is key.
This article was originally posted on the SIG blog. Today, procurement leaders have a seat at the table in e-staff meetings. Procurementteams were just buyers who delivered what other departments told them to buy. Organizations viewed procurement as the bottleneck between what they wanted and when they received it.
A lot of agencies view procurement as a transactional tool for negotiating with suppliers. But the truth is, making a strategic investment in procurement and sourcing can stretch dollars further and help uncover new supplier partners who ensure you’re getting the most value for the money you spend.
The most common thing preventing procurementteams from creating these initiatives is not having a starting point. What pieces should you have in place for success?
The Accelerator Team manages ARPA funds in collaboration with Joel’s procurementteam, the city’s federal grant specialists, and others in the Office of Management and Budget. The team’s primary function is to help departments and applicants with ARPA compliance and reporting. Preparing for the funding.
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.
Now we play a major role in this to our programmes of work on our National Collaborative Procurement, Commercial Value for Money programmes and the Single Scottish Estate programme, making a real efficiency and securingsavings for the public sector. You’ll find these on our Scottish procurementblog.
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