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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.
How an agile SupplyChain drives a sustainable competitive advantage. As companies reassess their supplychains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. Zara’s SupplyChain Approach. Zara & fast-fashion.
Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supplychain disruptions and enable new channels for engaging with customers and fulfilling orders.
Think about all those retailers who no doubt thought they would eventually develop a decent online offering – but there was no rush, was there? 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”.
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. Bouncing back from the pandemic, the retail industry has transformed rapidly to meet crucial customer needs. Reduce cycle time with PO automation and collaboration.
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.
Retail is expected to change more in the next 5 years that over the past 30. A panel discussion moderated by KPMG (top sponsor at the event) featuring leaders from Honeywell and Meritor on the future pf procurement, where innovation and ways to best collaborate with supplychains was one of many points made.
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.
Sustainability Focus: Many social value frameworks incorporate environmental sustainability, such as reducing carbon footprints or promoting green practices through supplychains. Governments may collaborate with small and medium-sized enterprises (SMEs) and minority-owned businesses to increase participation.
Take, for example, Boohoo, a major retailer in the U.K. After receiving bad publicity about its Leicester factories , it learned that a failure to effectively monitor the supplychain had led to endemic issues of poor working conditions, insufficient pay levels, and neglected employees rights. Digitized supplier collaboration.
At the heart of the initiative lies the Prosper Africa Tech for Trade Alliance , a collaboration uniting leading American and African tech companies behind the mission of accelerating e-commerce and digital trade in Africa. This effort focused on enabling the deployment of Choppies’ state-of-the-art Farmer’s app across its supplier network.
GSA identified that small businesses could not participate because they did not have the required letter of supply from Original Equipment Manufacturers (OEMs). Several lawmakers want to improve cybersecurity in the healthcare sector after recent cyberattacks, including an attack in February on the U.S.’ largest healthcare payment system.
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