This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
No organisation does everything itself, and whether we’re looking at buying raw materials, components, innovative technology, or sourcing the best in marketing or professional services, the whole process of engaging and working with suppliers must reflect this need for speed and agility. .
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 Contract Data Capture. Michael Gallo.
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).
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: . Media Contact.
The theme of the evening was “Unlocking Innovation from your Supply Chain” with presentations and discussion focused on insights, knowledge sharing and learning from the F1 Grand Prix Pit Stops. F1 Veteran, Mark Gallagher highlighting the impact of supplier innovations on pit stops – resulting in team success.
While there will be sessions featuring customers at various stages of their digital transformations, the focus is on stories from more advanced organizations that have established Procurement as a strategic business partner through innovative ways.
For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. After a thorough selection process, Körber opted for Ivalua’s market-leading spend management platform.
Tools like eProcurement platforms, contractmanagement systems, and supplier portals streamline tasks such as order processing, invoice management, and supplier communication. Leverage Technology for Procurement Automation With the rise of digital procurement tools, automating the procurement process has never been easier.
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.
Special Forces Command’s small business innovation research program is unique compared to other similar efforts around government. Typically it’s in phase 3 that innovative efforts fall apart, called the valley of death. Sanders said no matter the SBIR pathway, SOCOM is looking for vendors to bring innovative ideas.
Removing the ability to bid on multiple award contracts and altering the HUBZone price evaluation preference could inadvertently stifle the very innovation and growth the program seeks to promote. Let’s be clear here: SBA’s MPP has been a game-changer for a lot of small businesses.
If they needed contractmanagement, they put a contractmanagement system in place. If they needed an ERP system or a workforce management system, they would define their requirements and either select a system to implement or build their own. . This is what Ivalua for Public Sector can do for you. .
These awards are a unique opportunity to showcase the Power of Procurement, the innovations, initiatives and achievements of organisations that are leading the way for public procurement in Scotland. Entries are open for the 2024/25 GO Awards Scotland !
As the University of Nottingham’s Anna Maria La Chimia pointed out, it’s often workers on insecure, zero-hours contracts. It will be a hub for procurement professionals to share ideas, collaborate, and drive innovation. The post A New Era of Procurement in Europe: Time for Bold Change appeared first on Open Contracting Partnership.
Contract data capture and analysis to improve company-wide contractmanagement. Additional AI-powered capabilities showcased include: Advanced invoice data capture capabilities that help drive fully digital invoice processing. A broad set of other AI applications to improve automation and access to information.
Many of the procurements were digital in nature requiring an innovative approach which successfully secured a platform that drives the production, creation and operation of the benefits devolved to the Scottish Parliament. These adaptions have remained as an integral constituent of post COVID-19 contracts.
Further, suppliers play a pivotal role in innovation, ESG, risk management, quality, supply continuity, and many other critical organizational functions. This builds on Ivalua’s recognition as a leader in each individual area, Source-to-Contract , ContractManagement , Supplier Risk & Performance Management and Procure-to-Pay. .
Established to spotlight excellence and innovation in the Federal procurement landscape, the EIP Awards honor the remarkable contributions made by individuals and organizations from both government and industry in shaping the acquisition system.
Those are just two of several findings in the Governing Institute’s newly released 2019 procurement survey, 5 Trends That Are Reshaping How Governments Buy , which highlights some of the biggest emerging trends, issues and innovative best practices in state contracts and purchasing. Contact: Justine Brown. e.Republic. 916-932-1463.
Based on the program’s requirements, these companies are not exclusively focused on set-aside government contracts and are in fact well-positioned for commercial success and growth.
Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contractmanagement and supplier management (which includes supplier information, risk and performance management). Also included: supplier improvement plans, innovation plans and overall supplier collaboration.
Awarding the Contract The winning supplier is selected based on clear criteria, ensuring fair and competitive procurement. ContractManagement Once the deal is signed, contractmanagement ensures the supplier delivers as promised. It covers everything from tendering and bidding to contractmanagement.
We aim to deliver exceptional training and consulting in public sector procurement and contractmanagement. Our learners emerge as well-prepared professionals, ready to drive organizational efficiency and innovation. Let us guide you in navigating the complexities of procurement and contractmanagement.
Prescriptive Analytics: Suggests optimal procurement strategies, for example, automating procure-to-pay processes or improving contractmanagement protocols to offer strategic guidance. These tools not only support cost reduction initiatives but also enhance supplier performance and contractmanagement.
Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contractmanagement. About Federated Co-operatives Limited and the Co-operative Retailing System.
With the same enthusiasm and innovation as always, we gathered together this year to explore a new frontier of possibilities in procurement. The 12 Customer/Partner Day breakout sessions featured Ivalua’s talented solution and product experts–bringing innovation and “groundbreaking” discussion topics into the mix!
The best bid is not always the cheapestit is the one offering the highest overall benefit considering durability, innovation, and economic impact. Leveraging market intelligence tools to benchmark pricing and demonstrate innovation can help businesses align with public sector procurement rules and increase competitiveness.
Streamlining Operations with Smart Contracts Smart contracts, self-executing contracts with the terms of the agreement directly written into lines of code, are another blockchain innovation that promises to streamline public procurement.
Key Takeaways Prime contractors, central to federal contracts, manage and ensure compliance with government projects, hiring subcontractors and overseeing all aspects from start to finish. This article will explore what is prime contractor roles, responsibilities, and the importance of prime contractors in government projects.
Redwood City, CA – October 26, 2020 – Ivalua, a leading global spend management cloud provider, and Consus, a leading global supply chain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua’s platform to empower its procurement digital transformation, with Consus leading implementation.
When the public sector increases SME participation, the results produce increased regional economic growth, enhanced innovation on pilot projects, and a better value for dollar. All parties involved reduced layers of bureaucracy and kept the process lean and innovative.
Innovations shaping our future—that was the theme of this year’s NIGP Annual Forum hosted in Boston from August 21st to 24th. Many of the tools procurement teams are searching for (contractmanagement, evaluations, vendor engagement, etc.) simply don’t exist in ERPs. One barrier that came up frequently was buy-in.
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.
Contract data capture and analysis to improve company-wide contractmanagement. Recognized as a Leader by Gartner and other top analysts, Ivalua’s Source-to-Pay suite is leveraged over 300 leading companies across the globe to manage over $500 Billion in direct and indirect spend.
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.
To be successful, your procurement team will need to be expert at supplier relationship management, contractmanagement and sourcing and skilled at managing procurement cost as it contributes positively to the business. Direct vs Indirect Procurement.
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. .
Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. This year, our discussions covered Invoice Automation, Scope 3 Emissions, ContractManagement, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice.
This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead. We need to mobilize and challenge traditional processes and look for areas where we can change, innovate, or automate. .
It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet. But now with strategic sourcing and category management, the process has become much easier to track, monitor and control.
Procurement promotes the use of digital tools, resources and applications to drive sustainable innovation across multiple sectors and determine the systems needed to achieve a more environmentally conscious transition. The post Sustainable and Circular Procurement Practices in Public Sector Procurement appeared first on Tracker.
Can an organization start with a Public Portal and Supplier Management Solution and then add solicitations, contractmanagement, and purchasing solutions as they mature or as funding becomes available ? Just because models are sold under a single logo does not ensure that they effectively integrate. Improving Collaboration .
And increasingly, that means collaborative working with key suppliers who can support that need to be innovative, flexible and agile. Or to take another example, if you’re looking for innovative recyclable plastics to replace less good current options, you will probably need to work closely with suppliers. .
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content