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Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. Leverage Group Purchasing and Cooperative Contracts for Cost Efficiency One of the most effective ways to streamline procurement is by using group/cooperative purchasing contracts.
Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.
Offering customers a market leading source-to-pay platform coupled with powerful supplier discovery, diversity and data enrichment from Tealbook. the ‘Trusted Source of Supplier Data’ today announced a new partnership to provide a seamless experience between Ivalua’s Source-to-Pay Platform and Tealbook’s Supplier Intelligence Platform.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.
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 suppliercontracts and agreements.
In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.
Step 1: Use eProcurement Systems as a Potential Source of Revenue. eProcurement has been part of the technology footprint in many states for decades, to reduce cycle times, streamline processes, and collaborate with suppliers. . Step 2: Use eProcurement for vendor relationships .
This involves the perspectives of immediate stakeholders, agency leads and the general public, but it also includes the perspectives of suppliers participating in solicitations or seeking opportunities to work with the government. Too many contract officers struggle to work with Procurement solutions that have poor user interfaces (UIs).
Government expenditure through public procurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement.
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. Enter eProcurement.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for Strategic Sourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
Redwood City, CA March 11, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the Virginia Department of General Services (DGS) has awarded a contract to CGI, which is using the Ivalua platform as the technology to support the transformation of the Commonwealth’s eVA program.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). In the Forrester reports, Ivalua and Coupa appear as leaders in both the S2C and eprocurement Wave reports.
It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. Balancing New Priorities Makes Procurement More Valuable.
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. A specific application for Procurement involves contract analysis.
A really good regional event and an opportunity to connect buyers and procurement teams from across the public and private sector as they prepare for upcoming contract opportunities. These cover retentions in construction contracts, the Construction Pipeline Forecasting Tool, and a Graduated Pricing Mechanism.
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. .
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.
This professional community knows that solicitations and contract management are going to be digitalized in the coming years, and appreciates our knowledge and experience in the sector. Current President of NPI National Procurement Institute. During an interactive, productive, day-long discussion we covered: 1.
Nitor Partners, LLC, a strategic partner to Ivalua, will drive contract delivery by leveraging Ivalua’s technology platform. Nitor Partners, LLC, a strategic partner to Ivalua, will drive contract delivery by leveraging Ivalua’s technology platform. Realize the possibilities at www.ivalua.com.
What general policies do crown corporations follow when it comes to procurement, POs, and contracts? A small minority of purchases can be governed by PO terms but, in most instances, a supporting contract needs to be executed prior to the PO being created. How are crown corporations in Canada levelling up their procurement practices?
A form arrived on my desk that required us to list some key contracts – I’m not even sure where it came from, to be honest. Why did these outsiders want to know about our key strategic suppliers? . There is also a strong focus on contract exit provisions. But it seemed a bit of a cheek, really.
At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”. A core element to successful supplier management and designing a supplier portfolio is collaboration. Key Takeaways.
Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . Procurement can also assist retailers in setting up direct-to-supplier relationships with goods and services providers, and eliminate the middleman altogether. . Attack GNFR Spend.
The first step is to know which suppliers the city or county does business with. The next level of risk management might include identifying and tracking subcontractors and second tier suppliers as well as general contractors/first tier suppliers.
For example, in many organizations, different business units buy similar products from multiple suppliers instead of buying everything from one supplier and benefiting from economies of scale. And we can run security checks on suppliers to make sure we don’t experience a cyber incident with a company that’s under contract.
In the past year it has consistently been recognized as a leader across the Source-to-Pay spectrum, including in Gartner’s Magic Quadrant for Procure-to-Pay Suites , The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020 , The Forrester Wave : eProcurement Platforms, Q4 2019, The Forrester Wave : Source-To-Contract (..)
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, Supply Chain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. After catching up with colleagues and acquainting ourselves with some new faces, we dove into solution breakout sessions.
Euna Procure – Formerly Bonfire, IonWave and DemandStar, Euna Procure is the most complete set of eProcurement solutions for the public sector. Euna Payments – Formerly CityBase, Euna Payments is a powerful and convenient payment solution with the most intuitive customer service tools.
Recently, we had the pleasure of sitting down with DeNita Lacking-Quinn (Supervisor at City of Dallas Procurement Services) and André McEwing (Supplier Diversity Manager at Tarrant County College) during our TexasTalk event to get their tips on creating an effective vendor diversity program.
Step 1: You are early in your journey and you want rapid time to value, quick deployment of best practices and the required high adoption by users and suppliers. We won’t force you to choose either supplier management, or source to contract, or procure to pay. Don’t forget about suppliers. ’ (WIIFM) rule.
Agility means finding, assessing, selecting, onboarding, contracting and going live with suppliers rapidly and in a manner that is as painless as possible for everyone. But agility also requires the right attitude, and of course we need agile suppliers too – but that’s another story! .
Sylvie Noel CPO, Covéa talks about how people used to complain about the Procurement Black Tunnel and both Deutsche Telekom and Maxim Healthcare had so many issues getting users and/or suppliers onboard with previous solutions that they ended up moving to Ivalua to help them with user/supplier engagement.
Most government institutions have a Supplier Database and it is important to get yourself registered in the respective portals to secure a free and fair chance to bid. As government bids follow a definite procurement process it is important for Bid Managers to meet all the deadlines and eligibility criteria of Government Procurement.
Global automotive component supplier Meritor is a great example. 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.
This data is transformed into the eProcurement Ontology (ePO) and sorted in the PPDS Knowledge Graphs, which is at the center of the diagram. Businesses, especially small and medium enterprises (SMEs), benefit from better visibility and easier access to public procurement contracts across the EU, resulting in business growth.
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