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Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process. Please visit our website: www.cks-consulting.com/en.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategicsourcing. The answer is simple – automation.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.
These collaborative supplier partnerships present manufacturers with a number of opportunities to achieve greater product success. Development: Promote Supplier-Enabled Innovation and Accelerate Time to Market. Maturity and Decline: Drive Ongoing Innovation and Maximize Margins.
As manufacturing executives continue to chart the future course of their companies, they often focus on reinventing the production line, improving the speed of innovation, evolving the skill sets of their labor force, achieving operational excellence, and so forth. Collaboration around margin enhancement.
Buying supplies, equipment, low preference items and the latest innovations to support high-value care delivery is expensive and while it’s not an area where you want to skimp, there are certainly ways to reduce these expenses without impacting quality of care. Establishing processes to identify and capture savings by category.
Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #1: Inter-Enterprise Collaboration . Realize the Possibilities.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business.
As businesses look to restoring growth, it can help them restore growth and gain a competitive advantage by enabling unique business processes, and more effective collaboration with suppliers and internal stakeholders, while eliminating manual processes that can hamper productivity. No progress on digital transformation.
Technology should enable business innovation, not stifle it”. Post crisis, “the office will be primarily for collaboration, not individual work” and we will see an acceleration of all the digitisation already underway. Office design will have to offer more privacy and separation, yet support the collaboration angle too.
the ‘Trusted Source of Supplier Data’ today announced a new partnership to provide a seamless experience between Ivalua’s Source-to-Pay Platform and Tealbook’s Supplier Intelligence Platform. With Tealbook, customers can now access an “always-on” source of quality supplier data.
For our discrete manufacturing market, that means reducing product costs, driving margin expansion and extracting greater value from supplier relationships via superior strategicsourcing and supplier management. They are the innovators and early adopters of technology. And they are the ones we are looking for.
We cannot wait to connect with procurement leaders, innovators, customers, and colleagues in our beautiful nation’s capital! . Today, we are stronger, more united, and more determined to lead and innovate together! Director StrategicSourcing Digital & Functional Transformation, .
The rest of the agenda will focus on showcasing procurement leaders that have succeeded in one or more ways, and how current and new technological innovations can help. Only effective collaboration will reveal the possibilities. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways.
This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Assess and mitigate risk across the supply chain.
In fact, the DOD created a cross-functional team to accelerate the adoption of 5G and future-generation wireless networking technologies in 2022, to prepare the department for new, innovative opportunities. In his current capacity, he serves as a trusted advisor to a multitude of clients in throughout the world.
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Customers also benefit from significant and accelerating levels of innovation. Gartner Inc.,
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Customers also benefit from significant and accelerating levels of innovation. Gartner Inc.,
Collaborating to find a way. Regardless of the curveballs we’ve been thrown over the years (yes, including a pandemic), our team and clients continue to evolve, innovate, and prove our value, again and again. Nearly 700 clients have collaborated with us over the last decade to help make Bonfire what it is today.
His expertise spans across various roles at T-Mobile, AT&T, Verizon, and other major telecommunications companies, where he has consistently driven sales and developed innovative solutions to meet customer needs. Mark believes that sales isn’t actually about “selling” anything.
Your participation played a key role in fortifying the partnership between industry and the Federal Government through insightful dialogue, shared visions, and effective collaboration. We would like to sincerely thank our speakers for sharing their insights into the latest policies and programs that shape the Federal procurement landscape.
In essence, his point was that supplier collaboration is not altruistic. Again, many people had great process and change management questions, but no one talked about just how best to truly manage this collaboration process with strategic suppliers. Without good visibility and frankly, transparency, any collaboration is hard.
Now is the time to show the business how Procurement can add value around supplier risk management , new sources of supply, changes to contractual arrangements and much more. Building resiliency begins with suppliers but must involve collaboration with the business. How much information do you have on your suppliers?
While the procurement industry is consistently evolving and shifting, supply management professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . More on that here. 5 Procurement Increasing Its Focus on and Use of Data.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business.
Success was driven by accelerating customer acquisition, continued industry-leading customer retention rates, geographic expansion and dynamic solution innovations. ” Accelerating Innovation. In 2018 Ivalua invested heavily to accelerate its already significant level of innovation, increasing R&D resources by 94%.
We are thrilled to have assembled this engaging agenda of healthcare acquisition leaders and look forward to the collaborative discussions at the conference. Additionally, MEDLOG supports additional DHA goals including medical practice standardization and leveraging innovation. James Peake , M.D.,
Procurement reform that reduces unnecessary, burdensome regulations and processes will speed access to the commercial market, reducing costs, increasing competition, and promoting innovation. Army contracts: the Information Technology Enterprise Solutions 3 Services (ITES-3S) and the Responsive StrategicSourcing for Services (RS3).
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