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By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.
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 suppliermanagement has taken center stage in driving change. See you soon!
Customers can effectively manage all spend and all suppliers within a single platform, or select modules to target specific processes. Leveraging the pre-packaged s olution financial services customers are empowered to: Ensure regulatory and policy compliance at the supplier and contract level.
. – Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant categorymanagement. Suppression of overpayment.
The solution will support Intalere’s SupplierManagement, eSourcing, Contract Lifecycle Management and transactional procurement processes. has successfully deployed the Ivalua solution suite. Consus is proud to partner with Intalere on this strategic project.
They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. As a result, point solutions have to be added on to fill the gaps, leading to complexity, integration issues and high overhead.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, categorymanagement, vendor quality, sustainability, and compliance. Ivalua looks forward to being an integral part of O-I Glass’s procurement transformation journey”.
This complex series of business processes includes everything from supplier and categorymanagement to sourcing projects and contract negotiations and often suffers from inefficiency, poor visibility, unnecessary complexity and missed opportunities. Strategic categorymanagement.
The answer is simple- suppliers and spend. Key Steps to Get Started As Procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.
The answer is simple- suppliers and spend. Key Steps to Get Started As procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.
Food service leader digitizes procurement to drive efficiency, transparency and effective suppliermanagement as it accelerates global expansion. The deployment of Ivalua’s platform has been tightly integrated with JFC’s backend SAP ERP systems to ensure seamless flow of information and maximum automation.
Contract Management is not a ‘one and done’ but a continuous process that if structured correctly can lead to strong supplier relationships and better procurement outcomes. Contract Management Elements Contract Management is both transactional and strategic. He is a UBC Sauder School of Business graduate is a NISCL -.
That is the data around spend, suppliers, contracts and so on that provides the ammunition or the fuel for AI to work on. That includes an integrated virtual digital assistant – IVA- to help customers make better, faster decisions. It can; Retrieve information on spend, suppliers, etc. Help build a shopping cart.
Manager, Supplier Processes & Tools. Vincent Laperriere joined Cogeco Communication as Manager, supplier, tools & processes in 2019. He is responsible for the Ivalua software and it’s integration, enterprise wide. He is responsible for the Ivalua software and it’s integration, enterprise wide.
The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers. Ensure 360-Degree Supplier Visibility. You must understand who you are purchasing, or could purchase from, and all relevant details about that supplier. Take a Portfolio Approach to Category Risk.
CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.
Over the years, we have moved from the first spend analysis initiatives, laboriously building Excel-based “spend cubes”, through to today’s automated, cloud-based, AI-driven, integrated, holistic (add your own buzz-word here…) procurement platform.
He also talked about the recent release and the new features there, such as a new user interface across the platform, a new categorymanagement module (which I want to investigate more) and an integrated “digital assistant” at platform level.
In addition, he will provide updates on the Risk Management Framework (RMF) and Authority to Operate (ATO) processes as part of the integration of technology in delivering best value healthcare. The Federal Acquisition Service’s IT CategoryManagement Office will also develop a generative AI acquisition resource guide.
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