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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.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategicsourcing, supplier relationship management, categorymanagement, vendor quality, sustainability, and compliance.
A best-in-class solution may also offer inventory management features to enable you to auto-replenish orders, as well as workflows with client-defined business rules to enforce payment channel buying strategies. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.
He focused initially on sourcing and categorymanagement, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategicsourcing. Simplification of systems and tools was a key part of the programme.
There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. .
Some lessons regarding managing supply chain risk may still help in the near term as companies struggle to reconfigure their supply base to an evolving pandemic. First, categorymanagers should look to investment professionals and take a broad portfolio view of supplier risk management.
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