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ERP vs. Best-in-Class for Healthcare SupplyChainManagement? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
” – Vendor Manager | ONE AMERICAN BANK Use Data and Analytics to Make Informed Decisions Modern procurement relies heavily on data. Spend analysis, supplier performance data, and market trends can help you identify inefficiencies and opportunities for savings. ’ and this is the way to get those.”
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.
P rocurement, a critical component of supplychainmanagement, is transforming, driven by the expertise of certified procurement professionals. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supplychainmanagement.
Afrika Morris, Senior Field Marketing Manager UKI at Ivalua. On February 12 Ivalua hosted Senior Procurement and SupplyChain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. Watch their recent webcast to learn more.
New release features AI-powered contractmanagement, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contractmanagement. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered ContractData Capture.
Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management. What is Data Analytics in Procurement? contract compliance, procurement cycle efficiency).
S2P and Mitigating Effects of Inflation One way of mitigating these effects is through S2P solutions – providing visibility into a company’s spend data across all categories of spend and help identify opportunities for cost savings through better supplier management techniques.
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. About Ivalua. Learn more at www.ivalua.com.
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?
The Covid-19 pandemic has exposed the fact that many supplychains remain inadequately prepared for a crisis. Supplychainmanagement and procurement sit poised on the frontlines of managing global supply risks for their brands. Gaining a Full Picture of SupplyChain Threats.
As more public policy objectives make their way into the world of acquisition — supplychain, cybersecurity, sustainability, domestic and socioeconomic sourcing requirements, to name a few — GSA is trying to bake those into acquisition vehicles up front so agencies have an easier time complying. .
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.
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.
This one-day event attracts public sector buyers, heads of department and contractmanagers responsible for managing the national public procurement expenditure of £16 billion a year.
Procure-to-pay (P2P) automation and analytics won’t work very well without accurate supplier master data. Yet that goal — data accuracy — remains a considerable challenge for many Procurement and Accounts Payable organizations. Accurate supplier master data is just one aspect of a Digital Procurement journey.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
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.
How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supplychain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms. Let’s explore further.
Ivalua provides us with greater transparency and data-driven insights which will allow us to improve our sourcing decisions and contractmanagement, and also optimize supplier management”, said Niklas Selle, Digital transformation lead in SupplyChain at Aker BP. “We
We have the widespread roll out of Europe’s new e-forms, the launch of the Public Procurement Data Space , and a review of the Open Data Directive to include – hopefully – procurement as a high-value dataset across Europe. Data-powered red flags strengthen efforts to fight corruption.
This year, our discussions covered Invoice Automation, Scope 3 Emissions, ContractManagement, SupplyChain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. Thank you to our guest speakers, Solution Consultants, and the Product Marketing team!
A Guide to ContractManagement Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using ContractManagement software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.
That includes quite a range of issues now, ranging from climate change and de-forestation to modern slavery or supporting diversity in our supplychains. Putting a simple clause in your standard contract saying, “no slavery please” does not require anything other than the supplier to say “yes”.
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. . Just getting the goods is not enough – as we continue to experience the ongoing impact of COVID-19 on global supplychains.
If you missed out on this week’s training, we are returning both courses to our regular rotation of annual events and we would love to see you next time.
The Coalition is thrilled to have hosted trainings and engagements with key acquisition officials, worked with members to develop regulatory comments on a range of procurement issues, and released new content and data on the Federal marketplace. The following is a summary of the Coalition’s activities so far in 2024.
They’re also ramping up usage in contractmanagement. . There are interesting challenges within the AmRest business model at the supplychain level. This single, consolidated view of data effectively bridges the liquidity gap to provide high-value data. .
Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contractmanagement and supplier management (which includes supplier information, risk and performance management). Either through data analysis or demand from the business–there is a need to execute a sourcing event.
On February 28, again at Miller & Chevalier Chartered, we will hold our GSA and VA Schedule Contracting Training for In-House Counsel course. This course is designed for lawyers and contractmanagers with significant contractmanagement and compliance responsibilities with GSA and/or VA Schedule contracts.
They’re also ramping up usage in contractmanagement. . There are interesting challenges within the AmRest business model at the supplychain level. This single, consolidated view of data effectively bridges the liquidity gap to provide high-value data. .
In the complex world of government contracting, managing risks associated with subcontractors is a critical skill that can make or break your project’s success. At Public Contracting Institute , we understand the challenges contractors face when dealing with subcontractors.
It also breaks down the long-standing regional contracting structure that supported the MAS program. FAS and the federal government as a whole are in the midst of a management transition towards data-driven decision making. Data context is critical to data driven decision making. How old is the data?
Supplychain issues” has become an accepted catch-all term to explain a range of circumstances. Risk Sharing versus Transfer Traditional ContractManagement and Project Delivery methods in Public Sector often transfer risks down the chain away from the Owner to the General Contractor, and so on, down the line to Sub-Contractors.
The event is free to attend and aims to attract hundreds of procurement and supplychain professionals to discuss and learn more about the latest industry trends and processes. We still need – for the moment at least – human insight into the data and what to do with it. So what’s “art” got to do with it?
ESPs and CSPs who handle Security Protection Data (SPD)–a CMMC-specific term that includes logs, security scans, or other security artifacts derived from the contractor systems handling CUI–but do not handle CUI are not required to meet FedRAMP requirements. FCI or CUI) exists on its network and where the data traverses.
GSA & VA Schedule Contracting Training for In-House Counsel, Oct. 29 The Coalition for Government Procurement is proud to once again host its “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel on October 29! To register, click here. James Peake , M.D.,
I think the uptick in numbers of cases that DOJ initiates on their own reflects, in part, a reliance on data analytics that DOJ is using to identify cases. And I’d say the [Defense ContractManagement Agency (DCMA)] and DCAA and the offices of Inspector General are all entities that tend to identify these kinds of cases.
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.
This language would require suppliers to adhere to specified actions that are “consistent with the Framework” (although the bills do not specify what these actions will be) and provide “appropriate access to data, models, and parameters…to enable sufficient test and evaluation, verification, and validation.” Register here.
That means not just the workflow (which demos nicely in sales meetings to mask deficiencies created by acquisitions), but also at the data level and UI. It is exactly that deeper level of integration which delivers the efficiencies and seamless access to information you need to advance fully in your journey. Same applies to your team.
The Pentagon is developing resources for small businesses and new guidance around data protection as the Cybersecurity Maturity Model Certification looms ever closer to reality. DoD expects to issue that regulation next year, at which point the department can start including CMMC requirements in contracts. It takes effect Dec.
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