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“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing ProcurementTeams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.
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 supplier management has taken center stage in driving change.
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.
The new innovations extend the leadership of Ivalua’s solutions for Manufacturing and Direct Materials. Ivalua’s BOM Lifecycle Manager enables teamsmanaging direct materials spend to work collaboratively to design and deliver products that meet quality requirements, delight customers, and yield maximum profitability.
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.
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