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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.
If you happen to be a strategicsourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. Early collaboration is the key here – both internally and with suppliers. The post Want to be a StrategicSourcing Rising Star? Think New Products.
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. Tom Reynolds / Robert Fretwell. 0207 436 0420.
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.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
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.
Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategicsourcing processes.
Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. To paint a somewhat simple picture: The basics may involve simply building up internal sourcing expertise and addressing basic indirect spend. Establishing processes to identify and capture savings by category.
These collaborative supplier partnerships present manufacturers with a number of opportunities to achieve greater product success. Engaging suppliers in strategicsourcing events and collaborative cost improvement efforts will ensure that purchased component costs are appropriate to achieve targeted gross margins.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.
New forecast and order collaboration capabilities allow companies to improve collaboration between buyers and suppliers, reducing cycle times and risk of supply chain disruptions. Recognized as a Leader by Analyst Firms. Ivalua continued to be recognized as a leader by top analyst firms. ” Growing Partner Ecosystem.
Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes. Adoption of best-in-class strategicsourcing practices. We’re excited to support REV Group on their digital transformation journey and accelerate their end-to-end sourcing for all spend types. ABOUT CONSUS GLOBAL.
Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategicsourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation.
With offices across Malaysia, Philippines, India, Singapore, London, USA and Canada, Consus collaborates with customers to implement source to pay (S2P) solutions and services required for rapid adoption, and realize the return on investment envisaged from such procurement initiatives.
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 .
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.
Post crisis, “the office will be primarily for collaboration, not individual work” and we will see an acceleration of all the digitisation already underway. JLL have been rethinking their own global supply chains, even partnering to set up a whole new hand sanitiser facility when sourcing that item became difficult !
Our panelists included: Hend Salem , Manager of StrategicSourcing – Non Clinical at The Ottawa Hospital Carol Izzio , Director of Procurement at Sheridan College Christine McParland , Director of Residence and Ancillary Services at St. “We It’s not a procurement policy, it’s a corporate policy.
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. Redwood City, CA –December 8, 2020 — Ivalua , a global leader in Cloud Spend Management solutions and Tealbook Inc. ,
They are integral partners that require management to reduce supplier risk, improve supplier performance, and foster supplier collaboration across the entire supply chain and throughout the complete supplier lifecycle. . Drive collaboration and leverage suppliers to drive innovation. Assess and mitigate risk across the supply chain.
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.
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. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. “We 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. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. “We Gartner Inc.,
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. Significant performance gains are not accomplished by continuing to do the same old things the same old way.
Only effective collaboration will reveal the possibilities. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways. It frees capacity to engage the business on more strategic initiatives. Be the one that reaches out and makes it happen.
Director StrategicSourcing Digital & Functional Transformation, . After a full day of collaborating and sharing, we will all have a chance to test our international spy skills! Anthony Long, Vice President and Chief Procurement Officer and Mark Krause, Sr. Evolution to Accommodate Growth, Navy Federal Credit Union.
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.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level. Time is Money.
Advancing 5G in government will take work, collaboration, maturing technology, strategic acquisition and even a cross-functional federal team — but the unified connectivity options, especially for the military, will be valuable and far reaching. Plus, 5G provides advanced security and resiliency. “5G
In his role he works closely with multiple government agencies to address their unique enterprise and mission enabling communications requirements, as well as commercial industry partners to identify capabilities and emerging technologies to address customers’ mobility and SATCOM requirements.
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.
REDWOOD CITY, Calif., billion in total assets, Desjardins Group is the largest financial cooperative in Canada and the fifth in the world. . “After a comprehensive evaluation process we selected Ivalua’s leading solution as the enabler of achieving our groups expected outcomes and objectives.
Last year, 62% of enterprises that made an investment in supply management technology over the past two years took the suite-based approach (strategicsourcing suite or full Source-to Settle suites. Leaders will greatly benefit from deeper collaboration, and as a result, increased supplier resilience. More on that here.
Companies that maintained zero-sum, hard negotiation relationships with suppliers cannot suddenly reset those in a more collaborative mold. Collaborate. To effectively address the key goals in an effective, sustainable way requires a collaborative approach – thinking of customers and suppliers as partners.
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.
We are thrilled to have assembled this engaging agenda of healthcare acquisition leaders and look forward to the collaborative discussions at the conference. We strongly encourage you to nominate a deserving colleague or collaborator who has demonstrated their commitment and expertise in the Federal procurement space.
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?
Collaborating to find a way. Nearly 700 clients have collaborated with us over the last decade to help make Bonfire what it is today. Our clients have run 81,900 projects on Bonfire and vendors have uploaded nearly 150 million pages of proposal documents. Driving impact with eProcurement.
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