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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

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Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Mexico City has devised an efficient, participatory, and transparent approach to seek input from potential suppliers and the public on draft contracting documents before a formal call to tender is announced. In October 2024, use of the pre-bidding module became mandatory for Mexico City’s buyers. It all starts with procurement.

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Supplier Motivation, A Key Component of Supplier Management

ivalua

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Belgium-based automotive supplier, 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.

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Traditional procurement approaches prioritised lowest price, which led to unintended consequences like accepting bids of lower quality, a lesser performance record or that did not adequately allow buyers to consider equity, sustainability or socio-economic objectives like creating local jobs.

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5 Steps Towards Modernizing Supplier Management

ivalua

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.

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Invoice Hub – the Next Horizon for AP Automation

ivalua

Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR. It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. Finally, the all powerful e-Invoice network emerged to magically automate all before it.