Remove Change Management Remove Data Remove Procurement Team
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Friends not Foes, Supplier Relationships Made to Last

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .

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Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

ivalua

Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” . The feedback from the survey was that process adaption and change management are the most important factors.

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Streamlining Public Procurement: 6 Strategies for Efficiency and Compliance

ivalua

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Data Insight Strategy. Scalability.

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The Opportunity — and Challenges — for Digital Transformation in MENA

ivalua

These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. However, MENA countries face unique obstacles as they seize the opportunity to adopt new procurement technologies.

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Rome wasn’t Built in a Day, Neither was your Supplier Relationship

ivalua

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .

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In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

ivalua

million over the next two years to digitize more of the procurement function.”. They’ll also leverage data mining and advanced data analytics to identify and eliminate bottlenecks. Finally, the emergence of virtual purchasing assistants will automate communications between suppliers and procurement teams.

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Public Sector eProcurement Implementation: Ways to Mitigate Risk and Ensure Success

ivalua

Change Management. Communication is the largest part of change management, but it deserves independent consideration as well. Ensuring that there is a dedicated change management workstream mitigates the risk level of the entire implementation. Preserve Processes and Extract Data ASAP.