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Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
The onset of the coronavirus epidemic has accelerated the supplychain digital transformation that has languished on businesses’ “to-do” list for years. Chaos from the coronavirus has made clear that procurement & supplychain practices need to get smarter. Supplychains have been badly disrupted.
Helping businesses reduce the risk of supplychain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability.
Premier event for procurement & supplychain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. Registration is free for procurement, finance and supplychain practitioners and can be done online at Ivalua’s website. Redwood City, CA.
Significant opportunities to improve CSR performance, increase profitability and accelerate innovation linked to improving supplier collaboration. The research, conducted by Forrester Consulting and commissioned by Ivalua, found improving collaboration was a priority for 77% of respondents.
Significant opportunities to improve CSR performance, increase profitability and accelerate innovation linked to improving supplier collaboration. The research, conducted by Forrester Consulting and commissioned by Ivalua, found improving collaboration was a priority for 77% of respondents.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . There are interesting challenges within the AmRest business model at the supplychain level. Collaboration! A New Vision for Amrest.
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . There are interesting challenges within the AmRest business model at the supplychain level. Collaboration! A New Vision for Amrest.
But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Best-in-class manufacturers have proven that a true culture of collaboration creates earlier involvement, less redesign, joint problem solving, and win-win outcomes for all parties involved.
Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Focus on the outcomes.
Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic.
In our latest study of UK-based procurement, supplychain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak. As a result, businesses have become more conscious about how they can reduce their impact on the environment. .
Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic.
For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. As a result, you will need to build strong supplychain and procurement capabilities around the world and not just in the United States. Integration. Today this rarely exists.
The increase is directly correlated to the turbulent market caused by the pandemic, supplychain disruptions, and rapid inflation. When it comes to supply continuity, being proactive about mitigating disruptions is essential, yet many procurement organizations may still lack sufficient resources. Inflation Metrics. Risk Metrics.
With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supplychain. . Read our FAQ to get acquainted with our newest C2FO Partner collaboration! Does the C2FO partnership have an impact on the supplychain? It Pays to Partner! What’s more?
According to the study, almost all (95%) UK businesses have plans in place to address environmental concerns in the supplychain over the next 12 months; however, given the impact of COVID-19 on business operations and budgets, many of these could be impacted. Lack of visibility slowing plans to tackle environmental concerns.
35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. This is followed by a lack of systems to enable effective, scalable collaboration. The study began in March 2021 and was completed in August 2021.
Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Focus on the outcomes.
For manufacturers, sales, marketing, finance, ops, and even risk and compliance all have upside. And this is exactly where sourcing and supplychain professionals can make a name for themselves. Early collaboration is the key here – both internally and with suppliers. But only if they get the cost right!
Premier event for procurement & supplychain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. Registration is free for procurement, finance and supplychain practitioners and can be done online at Ivalua’s website. Redwood City, CA.
The research, conducted by Vanson Bourne on behalf of Ivalua, surveyed 200 UK-based procurement, supplychain and finance professionals about the true nature of digital skills within procurement, and the challenges businesses looking to digitally transform will face. About the study.
The Ivalua-commissioned study, conducted by Coleman Parkes, reveals the true impact of late payments on the supplychain, with 59% of UK businesses reporting that suppliers have ended relationships with them due to repeated late payments. About the research.
Ivalua NOW 2021 – Premier event for Procurement & SupplyChain practitioners will showcase latest spend management innovations and extensive line-up of industry leaders . Registration is free for procurement, finance and supplychain practitioners and can be done online. Redwood City, CA.
Financing, hedging, and currency plays. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers. This means becoming proficient in the practice of collaboration. alternatives. alternatives. consolidation. alternatives. Geographic. relocation. reductions. optimization. Plant & process. improvements.
Procurement leaders now have a seat at the top table when it comes to making decisions on supplychain opportunities and risk. However, in our latest study of UK-based procurement, supplychain and finance professionals, 86% of UK businesses claimed they had faced barriers when developing digital skills in procurement.
Cross-functional collaboration is key to this transformation. By working closely with Legal, Finance, IT, and the operational business units, were embedding contracts into broader enterprise initiativesfrom go-to-market strategies to digital transformation and supplier innovation.
Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, SupplyChainCollaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice.
in 2022*, the financial friction that arises from such transactions weakens links in the supplychain. By paying suppliers on-time, procurement teams can use payments to build strong, reliable, and performance-driven supplychains. With global trade volumes expected to grow by 4.7% About Ivalua.
Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I They followed the SupplyChain Canada’s Code of Ethics for Professionals the letter for their entire career and had never encountered this situation before. I cannot” replied the Director. “Why
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supplychain management practices. Responsible sourcing is also increasingly vital due to expansion of supplychains into developing countries largely seeking to lower costs.
Furthermore, the Covid-19 crisis has led to the realization that paying suppliers on time, no matter where they are, is critical to maintaining a strong and reliable supplychain and a preferred customer status. A win, win for Procurement and Finance teams plus a massive boost for global business growth and recovery.
The research, conducted by Vanson Bourne on behalf of Ivalua, surveyed 200 UK-based procurement, supplychain and finance professionals about the true nature of digital skills within procurement, and the challenges businesses looking to digitally transform will face.
The captivating venue reinforces our “Stronger Together” theme, with the inspiring art and stories reflecting shared collaboration, innovation, and exploration of new horizons. This year, we’ve invited industry thought leaders to join 5 expert panels covering data, supplier collaboration, procurement finance, and vendor management.
Collaboration, connectivity, and shared experiences are here to stay.” Financing trade and supplychain as a business- Financing payables and receivables is anything but covered at this point– per Jason. Can I collaborate across cross-functional teams and track progress in real-time?
Duncan also highlighted his vision for the future technology landscape, with organizations leveraging a set of intelligence platforms for specific business purposes (procurement, finance, customers, etc.) rather than the omniscience promised by ERPs, which has failed.
Procurement leaders now have a seat at the top table when it comes to making decisions on supplychain opportunities and risk. However, in our latest study of UK-based procurement, supplychain and finance professionals, 86% of UK businesses claimed they had faced barriers when developing digital skills in procurement.
in 2022*, the financial friction that arises from such transactions weakens links in the supplychain. By paying suppliers on-time, procurement teams can use payments to build strong, reliable, and performance-driven supplychains. With global trade volumes expected to grow by 4.7% About Ivalua.
However, less than a third of UK businesses say that they always collaborate with suppliers on new innovations. The pressure is on for businesses to innovate at pace, so collaborating with suppliers to use their industry expertise to develop new products and services has become vital,” commented Alex Saric, smart procurement expert at Ivalua.
With a background in banking, finance, and economics, she worked at Rwanda’s Development Board and in the private sector before entering public procurement and she’s a current member of the MAPS steering committee for the period of 2024-2026.
The analogy that I like to give is when our finance teams went from ledgers to spreadsheets, no one really had an issue with them doing that. That, I think, is the soul of the collaboration, and its just been really key to not being afraid to dig in. I am still the human at the end of the process that has the signature responsibility.
Breakout Sessions This year, we’ve invited industry thought leaders to join 8 expert panels covering data, supplier collaboration, procurement finance, and vendor management. Eloise graduated from Providence College with a dual degree in Finance and Political Science. Listen, learn, and contribute your ideas!
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