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“In our opinion, you have to take a categorymanagement approach to supplier diversity. Find those categories where there is. The post [Pod] Benchmarking Supplier Diversity to Drive Performance w/ Aylin Basom and Lois Eichacker appeared first on Art of Procurement.
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.
Supplier diversity is not just a box to tick on a corporate social responsibility checklist; it is a dynamic strategy. The post Supplier Diversity: How to Achieve Impact at Scale appeared first on Art of Procurement.
Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or categorymanagement.
Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
Best practice financial services procurement capabilities now available for rapid deployment. Redwood City, CA June 25, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for financial services.
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. Why is visibility so important?
Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P. .
Contract Management is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contract management and its role in procurement efficiency.
Procurement has to be able to. The post [Pod] Exploring the Potential for Applying AI in Procurement w/ Florin Tufan appeared first on Art of Procurement. “The reason you need AI is because you never know what you don’t know.
Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Why Should Procurement Prioritize Scope 3? POs, and invoices).
Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Why Should Procurement Prioritize Scope 3? POs, and invoices).
At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. During the active discussion many points were brought up that I believe can be helpful for any Procurement organization, old or new, that is looking for inspiration in 2019.
As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.
In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Unlocking Supplier-Led Innovation. As organizations become increasingly dependent on suppliers, the potential value continues to increase.
“If you want to be successful in what you do personally or professionally, you’ve got to manage relationships because the. The post Managing Services Procurement on a Grand Scale appeared first on Art of Procurement.
What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.
Food service leader digitizes procurement to drive efficiency, transparency and effective suppliermanagement as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.
“We have to incentivize the supplier to collaborate with us in a way that creates a different way of doing. The post Escaping the Services Procurement Comfort Zone appeared first on Art of Procurement.
The solution will support Intalere’s SupplierManagement, eSourcing, Contract Lifecycle Management and transactional procurement processes. has successfully deployed the Ivalua solution suite.
The post Buyer Power Score – Pest Control Services appeared first on Art of Procurement. The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power.
“At the end of the day, procurement is a business enabler. No company can grow without its suppliers. The post [Pod] Architecting and Enabling Amazing Procurement Teams w/ Fadi El Mouallem appeared first on Art of Procurement.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Globalization.
Procurement leaders are being given more and more priorities, he said, but there are obstacles in their way that stop them delivering strategic decision making and real value. So, is AI the light at the end of the tunnel for overworked procurement functions? It can; Retrieve information on spend, suppliers, etc.
What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Efficient warehouse management.
The post [Pod] Getting to Know Should-Cost Analysis w/ Yushiro Kato appeared first on Art of Procurement. “Should-cost analysis is just a tool. Even if you have a clear breakdown, if you do not have a good.
He talked about the JLL Marketplace, which the firm offers to its clients and firms occupying the buildings it manages. This, he said, was an example of using procurement to drive competitive advantage and revenue. He gave some really useful experienced-based insight into managing a transformation. Rogers had no less than 10 (!)
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?
Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.
The National Health Service (NHS) has been running a centralised model for health care procurement in England for a few years now. It has used different methods for different audiences, for example, to government, trusts and suppliers (see Figure 5). When reporting progress against its £2.4
The source-to-contract process is where Procurement identifies and creates value for their organization. Ivalua offers a completely integrated experience across the entire upstream process, enabling customers to successfully define and execute sourcing and suppliermanagement strategies and lock in the value with Contract Management.
What’s your Greatest Supply Management Challenge Today? In May 2022, Ivalua commissioned Forrester to survey over 400 procurement leaders across the globe to ask how they plan to minimize the frequency and impact of supply disruptions. Ensure 360-Degree Supplier Visibility. Map Your Sub-tier Supply Chain.
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”.
Manager, Supplier Processes & Tools. Vincent Laperriere joined Cogeco Communication as Manager, supplier, tools & processes in 2019. His role, as part of the Center of Excellence department is to support continuous improvement relative to strategic procurement. Vincent Laperriere. Lorem ipsum.
The post A Fresh Take on the Future of Procurement with The Hershey Company’s Sherry Ulsh appeared first on Art of Procurement. “You always really need to look at people, process, and technology. If you don’t look at all three and understand.
Suppliers understand the time-consuming and challenging nature of responding to requests for proposals, security questionnaires, pricing requests, and other customer. The post AOP Introducing… RFP Ninja appeared first on Art of Procurement.
It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. But now with strategic sourcing and categorymanagement, the process has become much easier to track, monitor and control. Register here for Ivalua NOW Paris.
The Coalition for Government Procurement is thrilled to announce the 2023 recipients of the Excellence in Partnership (EIP) Awards! This year, we received nominations across four categories: Lifetime Acquisition Excellence , Acquisition Excellence , Sustainability/Green Excellence , and Advocating for Veterans.
There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Others may still be applied to help businesses better manage the effects of the crisis. Balance Procurement Objectives. Spend under management is key. Yes, cost still matters. But not more than other objectives.
The post Calculating the Cost of Convenience in Facilities Management appeared first on Art of Procurement. “Everyone has an opinion about facility services in your buildings, so you’re always trying to accommodate multiple stakeholders and juggle.
New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. Established in 2007, Consus is a leading procurement services provider operating across 9 countries. Ivalua is a leading provider of cloud-based Spend Management solutions.
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.
The Coalition for Government Procurement would like to thank everyone who attended and participated in this week’s Spring Training Conference – What is Fair and Reasonable, Part 2: Let’s Continue the Dialogue!
The Art of Procurement ” is being held at the Halles de Carrousel du Louvre, which is not a giant merry-go-round overlooking the Mona Lisa, but a very impressive conference centre right next to perhaps the world’s most famous art gallery and a very swanky shopping centre (plus McDonalds).
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