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The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain 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. Work to achieve 100% supplychain visibility.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
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).
Like every industry Procurement & SupplyChain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The post Procurement & SupplyChain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. EIC will aid our customers in establishing a more sustainable supplychain to reduce both greenwashing and green-guessing.”
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react.
Lawmakers are currently undertaking the arduous process of reconciling these bills, while jockeying to include topics of importance in the final legislation. The NDAA is a “must pass” set of policy programs and discretionary authorizations to fund Department of Defense (“DoD”) operations.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
SupplyChain Optimization : AI can enhance supplychain performance by analyzing vendor reliability, delivery timelines, and cost trends. SupplyChain Visibility : Blockchain ensures real-time tracking of goods and services , critical for complex digital infrastructure projects.
Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Businesses must start looking to the supplychain to ensure this renewed focus on transparency and accountability. Collaborate for a greener future. Measure suppliers on carbon emissions.
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.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychain management activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come. Why is visibility so important?
As the COVID-19 pandemic disrupts global supplychains, procurement organizations around the world are scrambling to react. There are many supplychain management lessons to learn from the Covid-19 crisis. Ability to collaborate, identify opportunities or issues and act. Some of these challenges include limited: .
They followed the SupplyChain Canada’s Code of Ethics for Professionals the letter for their entire career and had never encountered this situation before. The public procurement world is relatively small, and it seems everyone knows everyone, so reputations are important especially if you are just starting out in the profession.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. How can you create a more efficient supplychain and gain a better understanding of overall performance?
In our survey, Heads of Procurement ranked supplychain fair labor practices (68% of respondents) and preventing bribery and corruption (52%) as a high priority in their CSR endeavors. Their supplychain partners’ capabilities and activities must also be considered. Strategies to Improve Sustainability in Procurement.
In my last blog post, “ Will your supplychain lead in the next decade? ,” I talked about Gartner’s first-day focus at their SupplyChain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supplychain organizations.
We’ve seen increased collaborative spend and in some cases exceeding, the pre-Covid levels. And we’ve also been increasing the amount of collaboration cross sector with other centres of expertise across joint frameworks. We’ve seen conflict across the world, which affects our supplychains.
In recent years, Körber’s global supplychain management network has been intergrated increasingly into all relevant processes – from product development to requirements processing – due to its significant contribution to the company’s success.
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.
Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK. My own contribution was to lead a discussion around collaboration.
Retail and tech expert Greg Petro says that, “ while the supplychain moves at a snail’s pace, the consumer is moving at the speed of light… the “see now, buy now” economy is here to stay”. However, supplier collaboration is much easier to talk about than implement. What does this mean for procurement and supplier management?
In mid May State Department announced its intent to sponsor three federally funded r&d centers are FFRDCs is and what they’d like to do, according to this notice is to facilitate public private collaboration for numerous activities related to diplomacy and modernization. What does it mean in supplychain security?
The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. As supplychains were disrupted, those organizations that had the closest relationships with suppliers were most likely to gain preferred access to keep goods flowing, and effectively forecast.
Customers can now ensure greater supplychain resilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. Sourcing Innovations: . About Ivalua.
The latter is of particular importance since second sourcing can often be very expensive in this sector. Listening to all of the talks by industry leaders led me to a glaring conclusion—the critical role that technology plays in supplychain and sourcing is the giant elephant in the room that no one was talking about, but everyone could see.
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.
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.
The Pixar building is one of the most vivid examples of how successful companies value cross functional collaboration within their organisation. This was delivered initially by having a sizeable atrium in the centre of the single office building to enable people to communicate, which it was assumed would lead to greater collaboration.
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. Great stuff.
From the moment that manufacturers began outsourcing the making of parts and components that go into their products, supplier segmentation took on extreme importance. A” Suppliers were very important, “B” Suppliers were moderately important, and “C” Suppliers had little importance to them.
We remain committed to this mission at the upcoming Spring Training Conference, ensuring that attendees leave with comprehensive updates on acquisition policies, programs, and initiatives in subjects like artificial intelligence (AI), cybersecurity, the medical supplychain, and much more. We look forward to seeing you in May!
The most striking view of this change of importance that the survey delivers is around the significant increase in focus on cost reduction due to the pandemic. The feedback from the survey was that process adaption and change management are the most important factors.
Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Businesses must start looking to the supplychain to ensure this renewed focus on transparency and accountability. Collaborate for a greener future. Measure suppliers on carbon emissions.
The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supplychain chaos. MENA countries import a lot of food; disrupted supplychains and price increases mean potential food shortages. Enter eProcurement.
Agency voices To understand the priorities, experiences and risk appetites of the federal agency community, Mill told FedScoop that the team looked to the FedRAMP board, which he called a “really important representative of the agency community” and a representative of the “agency technology and security leadership community.”
Stepping out of the shadow of the past few years, procurement leaders are having to rapidly master the art of supply continuity as organizations undergo major changes that demand more agility, innovation, and collaboration to survive. . Map Your Sub-tier SupplyChain. Implement Effective, Scalable Supplier Collaboration.
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. Risk Metrics.
Change management plans should anticipate potential resistance and facilitate adoption by nurturing a culture of collaboration and buy-in. He brings a thorough understanding of market trends and digital technologies that can help enterprises be more effective with their Procurement and SupplyChain strategies.
The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. For the top performers where these relationships were already strong they were quickly able to get over hurdles and focus on what was important, in the moment, for the business.
Close VP, Solution Architecture, Federated Wireless Chad Jones × Chad Jones Global Government SupplyChain & Procurement Lead Chad Jones is the Global Government SupplyChain and Procurement Lead for KPMG. Prototyping, sandboxing and collaborating are key to 5G success and innovation.
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. However, COVID-19 has drastically altered business priorities. Lack of visibility hindering sustainability progress.
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