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Like every industry Procurement & SupplyChain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The post Procurement & SupplyChain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!
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.
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. “Our
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.
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. And so we relaxed that to one process.
In a previous blog we discussed the mounting humanitarian crisis that the Coronavirus, also known as COVID-19, had sparked globally and discussed considerations and steps organizations should take to mitigate the impact from disrupted supplychains.
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.
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.
ContractManagement is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contractmanagement and its role in procurement efficiency.
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.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supplychain risks, and facilitate informed procurement decisions. Also, proper data analysis can help find potential hazards in the supplychain, sustain continuity, and reduce disruptions.
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.
Amrest onboards new vendors at competitively-positioned pricing on a regular and consistent basis. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supplychain. .
GSA & VA Schedule Contracting Training for In-House Counsel, October 29 On October 29, we will host our “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel. To register for the GSA & VA Schedule Contracting Training for In-House Counsel, click here.
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.
Retail and tech expert Greg Petro says that, “ while the supplychain moves at a snail’s pace, the consumer is moving at the speed of light… the “see now, buy now” economy is here to stay”. Zara can have similar clothing in its shops just two weeks after a new design idea has appeared on the catwalk.
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.
This includes buying office supplies, building roads or hiring services. The contracting authority or government agency sets the rules, picks the best supplier, and ensures everything runs smoothly. It is all a part of supplychainmanagement, making sure the right products and services get to the right place at the right time.
During the event, attendees continued discussions from the Fall on what constitutes fair and reasonable pricing determinations and explored other critical topics like cybersecurity and protecting the Federal supplychain. The theme of the conference was “ What is Fair and Reasonable, Part 2: Let’s Continue the Dialogue!
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.
Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. .
GSA & VA Schedule Contracting Training for In-House Counsel, October 29 On October 29, we will host our “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel. To register for the GSA & VA Schedule Contracting Training for In-House Counsel, click here.
This year’s Spring Training Conference featured opportunities, including GSA Multiple Award Schedule (MAS), GSA Pricing Tools, SAM.Gov, Medical/Surgical Supply BPAs, VA Federal Supply Schedule (FSS), VA Prosthetics, and the DHS Intellectual Property (IP) Investigations Center.
How can government do better in this current world of supplychain issues and labour shortages? Consider what vendors need to know to propose a competitive approach and price. Use minimum scores to avoid awarding to vendors with inadequate experience but a low price. Addresses current supplychain and labour issues.
Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contractmanagement including KPIs. It is important that key subject matter experts (SMEs) are involved with the planning of the project.
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. Ivalua is a leading provider of cloud-based Spend Management software. More information is available at www.fcl.crs and www.co-op.crs.
Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contractmanagement and supplier management (which includes supplier information, risk and performance management). ContractManagement: The piece that connects the upstream and the downstream, where value starts being captured.
Even more so now, seasoned professionals in the construction industry have seen budgets disrupted considerably by fluctuations in pricing and lead times that have shredded carefully drafted cost estimates and project schedules. Supplychain issues” has become an accepted catch-all term to explain a range of circumstances.
The evaluation can be simple, such as tenders which are price only, or complex which includes technical criteria, pricing and sometimes an interview or demonstration. The pricing evaluation follows the completion of all technical evaluation stages and is usually the easiest to evaluate. Fleet and Logistics Category Manager.
These tables allow attendees to schedule one-on-one meetings with representatives from various GSA and VA program management offices throughout the conference. Pricing details included in the prospectus. Calculation data is due back to VA by mid-November, and 2025 contractpricing needs to be established in advance of January 1, 2025.
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.,
Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contractmanagement as it clearly sets out the expectations of both parties. Fleet and Logistics Category Manager.
It also breaks down the long-standing regional contracting structure that supported the MAS program. Given the significant pricing policy changes outlined in the PAP, it should have been subject to public review and comment. The questions all go to the integrity of the data being used to assess fair and reasonable pricing.
GSA & VA Schedule Contracting Training for In-House Counsel, Feb. 28 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 February 28. Register here.
Considers all of the ways to meet a business need rather than just updating the prices, quantities and terms of the past and carrying them forward. That creates the opportunity to introduce new suppliers and pricing models, opening the door to greater efficiency and a true competition of ideas.
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.
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.
During the briefing, they answered member questions on labor categories, economic price adjustments, TDR, joint ventures and other topics. GSA & VA Schedule Contracting Training for In-House Counsel, Feb.
HUBZone firms must be eligible at the time of offer for a HUBZone contract (like other SBA programs) and must recertify HUBZone program eligibility every three years. Finally, the HUBZone price evaluation preference does not apply in the context of an offer from a mentor protg joint venture involving a large business.
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