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Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricingcontracts. Ivalua’s ContractManagement module allows you to easily track milestones and consumption in real time across multiple agreements.
MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Enter eProcurement. To digitally transform successfully, MENA procurement teams will need to invest in process redesign and change management, and take steps to involve internal stakeholders early on.
How Transparency is Ensured in Procurement Transparency is achieved through open contract notices, public tenders, and clear evaluation criteria. many Government departments and agencies use eProcurement platforms to publish contract opportunities , award decisions, and procurement processes.
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repositor. Christopher Bourez, Artificial Intelligence Architect at Ivalua.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repository. One of the initial use cases the team is tackling is for contract analysis. .
They configured a unique approach to new product introductions (NPI), digitizing their engagement with suppliers, resulting in bringing more products to market faster and with greater profitability, multiplying their stock price over the period. Bringing more spend under management and digitizing are key steps along the way.
Price is what you pay, value is what you get: Some 80% of procurement decisions in Europe are done solely on lowest price. Who bears the costs of lowest prices? As the University of Nottingham’s Anna Maria La Chimia pointed out, it’s often workers on insecure, zero-hours contracts. This trend started long before Covid.
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