Remove Business Strategy Remove Quality Remove Risk Management
article thumbnail

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

This is because organizations continue to face challenges when it comes to harnessing technology in procurement, with existing systems not being fit for purpose (36%), poor data quality reducing trust in information (36%) and staff having inaccurate expectations of what technology can do (34%).

article thumbnail

The Future of Supplier Management is Here, and it’s Holistic

ivalua

Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement. Accurate and quality supplier master data. Keep all other systems in sync .

article thumbnail

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

This is because organisations continue to face challenges when it comes to harnessing technology in procurement, with existing systems not being fit for purpose (36%), poor data quality reducing trust in information (36%) and staff having inaccurate expectations of what technology can do (34%). .

article thumbnail

Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

These scenarios often involve a need for expertise, standardization, quality, compatibility, and exclusive availability of products or services. However, a sole source justification based solely on quality, preference, or standard price comparisons is invalid. There are several common scenarios where it is vital.