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Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. Enhancements enable manufacturers to launch more profitable, successful products.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategic sourcing. The answer is simple – automation.
Procurementteams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility.
There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurementteams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. .
Soft skills and leadership are key enablers for procurementteams and are as important as technological competence. Noël is looking to have non valuable tasks automated and pointed out that this could benefit not just the procurementteam but the total supply chain.
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.
When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?
VA Allen Smith , Division Chief, Acquisition Service 2, VA Katie Hulse , Director, Acquisition Services 3 (Med/Surg Prime Vendor), VA Julian Thrash , Director, Acquisition Services 5 (NX, Telehealth, VHA Medical Furniture), VA Laura Scott , Director, Acquisition Services 6 (Community Care Network, etc.),
Stepping out of the shadow of the past few years, procurement leaders are having to rapidly master the art of supply continuity as organizations undergo major changes that demand more agility, innovation, and collaboration to survive. . Successful supplier strategy anticipates changes in demand and responds quickly.
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