Federal News Network

SEPTEMBER 12, 2024

Federal Monthly Insights — Contract Management Modernization — 09/10/2024 [link] Download audio Defense contractors aren’t the only ones preparing for the launch of the Cybersecurity Maturity Model Certification 2.0. “NIST is the precursor.

Contract 105

Contract Supplier Logistics Efficiency 105

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. About Ivalua Ivalua is a leading provider of cloud-based Spend Management software.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

MAY 15, 2019

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. The data in this case is text from natural language , which is rarely structured data.

Data 60

Data Management Contract E-procurement 60

ivalua

JANUARY 24, 2022

How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Johan, can you give us a bit of background on the digital transformation journey at Booz Allen and the role of data? What role did data play on a day-to-day basis?

Data 52

Data Procurement Supply Chain Supplier 52

ivalua

NOVEMBER 20, 2019

Paris, France – 20 November, 2019 – Ivalua, a global leader in Cloud Spend Management solutions and its key consulting partner Kronos Group have joined forces to successfully deliver Purchase2Pay & Contract Management at H.Essers, a major logistics service provider.

Contract Management 9

Contract Management Management Logistics Purchasing 9

Inter-American Development Bank

OCTOBER 31, 2024

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

Public Procurement 52

Public Procurement Procurement Strategic Planning Balance 52

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

Supply Chain 88

Supply Chain Management Total Cost of Ownership Warehouse 88

Open Contracting Partnership

OCTOBER 3, 2023

Open contracting, a globally recognized framework, advocates for transparency at every stage of the procurement lifecycle including planning, tendering, awarding, and contract management.

Public Procurement 123

Public Procurement Procurement Corruption Transparency 123

Bonfire

APRIL 3, 2023

Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. 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.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

Supply Chain 52

Supply Chain Collaboration Innovation Supplier 52

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.

Management 52

Management Contract Contract Management Supply Chain 52

Open Contracting Partnership

JUNE 4, 2024

Inefficiencies, data duplication, and reduced transparency often result. Technical infrastructure and SaaS-based e-GP systems Technical infrastructure, including cloud policies and data centers, plays a significant role in successful e-GP implementation.

E-procurement 82

E-procurement Procurement Public Procurement Transparency 82

ivalua

NOVEMBER 29, 2022

Aside from mitigating risk and saving organizations money, Procurement teams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Ardent found that many didn’t even know how many suppliers are high risk.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

JUNE 1, 2022

When it comes to estimation-based forecasting, Amrest has been able to capture some data, but they need to have the right tools in place to effectively utilize their data sets. Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Part of the Solution.

Finance 52

Finance Supply Chain Procurement Supplier 52

VWV

OCTOBER 15, 2024

The Ministerial Statement highlighted that the extension aims to facilitate a smoother transition for both contracting authorities and suppliers. In practice, this means that the Public Contract Regulations 2015 could still be applicable for governing call-off contracts and modifications of contracts to 2029 and beyond.

Procurement 52

Procurement Supplier Tender Procurement Strategies 52

ivalua

DECEMBER 18, 2019

The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.

Supplier 59

Supplier Eprocurement E-procurement Integration 59

Tracker Intelligence

SEPTEMBER 30, 2024

federal government awarded a total of $759 billion in public sector contracts , representing a $33 billion increase from the previous year. This emphasises the importance of being on the right framework agreements for suppliers. They establish terms and conditions for future contracts. In 2023, the U.S. But where do you start?

Procurement 52

Procurement Framework Agreement Tender Supplier 52

ivalua

NOVEMBER 23, 2020

One of the most important issues the pandemic exposed has been that most manufacturers have only a limited view into any of their suppliers beyond Tier One. Most have little understanding of who is supplying their suppliers or those suppliers’ suppliers. And which suppliers are you replacing? . Lesson One.

Supply Chain 52

Supply Chain Supplier Risk Management Evaluation 52

How to Crack a Nut

JULY 1, 2024

Slowing Down Public Sector AI adoption PROCUREMENT CONFERENCE DAY I am at an industry conference day, there are rows upon rows of supplier stands, and tables covered with branded pens and tote bags. I am reading a leaflet for a contract management portal when I overhear a conversation between a buyer and a supplier. “I

Bidder 52

Bidder Tender Buyers Bidding 52

ivalua

OCTOBER 29, 2019

A decade ago, very few public sector jurisdictions or agencies were concerned about the amount of disparate systems they were operating and what data-driven challenges this might lead to in the future. If they needed contract management, they put a contract management system in place.

Retail 58

Retail Transparency Bidding End to End 58

ivalua

JUNE 16, 2021

For the short-term, a shift to local production alleviated reliance on Asian suppliers and helped mitigate risk, but a longer-term solution will require identifying opportunities to optimize costs, find alternative suppliers and enhance supply chain visibility. Additionally, laws governing data usage remain ambiguous in the region.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 52

ivalua

AUGUST 17, 2021

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

MARCH 13, 2019

F1 Veteran, Mark Gallagher highlighting the impact of supplier innovations on pit stops – resulting in team success. Adopt a Collaborative Approach – Embrace suppliers as partners, not vendors. Adopt a Collaborative Approach – Embrace suppliers as partners, not vendors. Watch their recent webcast to learn more.

Supply Chain 45

Supply Chain Innovation Supplier Collaboration 45

ivalua

MAY 6, 2020

The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.

Supplier 52

Supplier Eprocurement E-procurement Integration 52

ivalua

FEBRUARY 27, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which provide procurement with the tools needed to maximize the value they get from their supplier relationships, automate and streamline processes, and identify opportunities for cost savings. Let’s explore further.

Manufacturing 52

Manufacturing Supply Chain Procurement Supplier 52

Procureware

FEBRUARY 21, 2018

In the beginning, our software was simply a tool to post RFP documents, later we added supplier registration, then online bidding, and finally contract management to our ProcureWare platform. In recent years, supplier self-registration has also gained traction in the private sector. What data-driven rules apply?

Management 40

Management Supplier Bidding Insurance 40

ivalua

MAY 15, 2019

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repository. One of the initial use cases the team is tackling is for contract analysis. .

Contract 58

Contract E-procurement Data Management 58

ivalua

FEBRUARY 24, 2021

Redwood City, CA – Feb 24, 2021 – Ivalua , a global leader in Cloud Spend Management solutions , today announced the general availability of its new platform release 168. The release includes a broad set of innovations to help organizations better manage their spend and suppliers. Sourcing Innovations: .

Supply Chain 40

Supply Chain Innovation Supplier Collaboration 40

ivalua

JANUARY 12, 2023

Can an organization start with a Public Portal and Supplier Management Solution and then add solicitations, contract management, and purchasing solutions as they mature or as funding becomes available ? Data Insight Strategy. Data Insight Strategy. Starting small and growing should not be a handicap. .

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

ivalua

MARCH 5, 2020

And increasingly, that means collaborative working with key suppliers who can support that need to be innovative, flexible and agile. Sometimes action can be taken by the buyer that either does not affect the supplier or just requires their agreement.

Collaboration 52

Collaboration Procurement Supply Chain Supplier 52

The Procurement School

FEBRUARY 6, 2024

These professionals excel in managing supplier relationships, understanding contract nuances, and mitigating risks. Their ability to leverage market trends and data-driven insights results in smarter purchasing decisions, enhancing the efficiency and effectiveness of supply chains. Ready to leap?

Supply Chain 52

Supply Chain Efficiency Procurement Management 52

ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . These complexities are compounded by their multiple brands, markets, business models, and the different types of suppliers across varied requirements, laws, regulations, tax rates, and tax calculation methods. One Tool, Many Challenges.

Finance 52

Finance Procurement Purchasing Supply Chain 52

ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . These complexities are compounded by their multiple brands, markets, business models, and the different types of suppliers across varied requirements, laws, regulations, tax rates, and tax calculation methods. One Tool, Many Challenges.

Finance 52

Finance Procurement Supply Chain Purchasing 52

ivalua

DECEMBER 17, 2018

Early Adopters are putting particular focus on data and analytics and Amy Fong says that Procurement groups understand the importance of clean and harmonized data that can be used to monitor, analyze, and even predict outcomes, for better decision-making. Remembering that these are Early Adopters, this is worth taking note of.

Procurement 49

Procurement Supplier Data Collaboration 49

ivalua

APRIL 11, 2019

Additional AI-powered capabilities showcased include: Advanced invoice data capture capabilities that help drive fully digital invoice processing. Contract data capture and analysis to improve company-wide contract management. A broad set of other AI applications to improve automation and access to information.

Procurement 40

Procurement Media Data Quality 40

VWV

JUNE 15, 2021

Contracting authorities are required to have regard to three national priority outcomes in designing their procurement strategies: Creating new businesses, new jobs and new skills Tackling climate change and reducing waste Improving supplier diversity, innovation and resilience None of these national priorities should come as a surprise.

Public Procurement 40

Public Procurement Procurement Procurement Team Procurement Strategies 40