Remove Buyers Remove Manufacturing Remove Procurement Team
article thumbnail

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. Work to achieve 100% supply chain visibility.

article thumbnail

Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

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.

article thumbnail

Invoice Hub – the Next Horizon for AP Automation

ivalua

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ There are exceptions to every rule, and that rule just doesn’t work.

article thumbnail

Procurement Technology – What It Can & Can’t Replace In A Manufacturer’s Journey Towards Supply Chain Resilience And Agility

ivalua

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 procurement team 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.

article thumbnail

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

article thumbnail

Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

A sole source situation exists when specific criteria are met, emphasizing the need for thorough verification of the exclusivity of the source, especially in cases involving ‘sole brand’ or ‘sole manufacturer’ items that may have multiple distributors. This indicates the presence of competitive market alternatives.

article thumbnail

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.