article thumbnail

Friends not Foes, Supplier Relationships Made to Last

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

article thumbnail

Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

ivalua

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. There seems to be a drive within procurement teams to understand their suppliers and the network of suppliers under their tier one suppliers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Engage with the market and make contract opportunities attractive to more suppliers Alongside investment in domestic country systems, the World Bank can strengthen its own procurement, through the stronger use of strategic procurement plans for each project.

article thumbnail

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

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

article thumbnail

Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

The right technology can help provide the transparency needed to better assess risk and contingency options, and improve the effectiveness and efficiency of collaboration with suppliers.”. Notably, 71% of procurement leaders say they’ve had a supplier take advantage of supply chain problems to unjustifiably increase prices.

article thumbnail

The Keys to Successful Digital Transformation – You Must Spot the Differences

ivalua

Top of the list is supplier adoption. But that goes hand in hand with supplier adoption. If your suppliers aren’t onboarded, users can’t find what they need and have an excuse to go around your system. Intermediate departments struggled with supplier adoption, user adoption and data quality.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

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. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.