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We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? 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. The verdict?
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.
So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. If Procurement follows a StrategicSourcing process flow like a checklist, then all StrategicSourcing projects will start and end in the same way.
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
But it also has value far away from the battlespace, such as 5G efficiencies in supplychain and warehouse logistics and support for open standards while maintaining secure networks. and its allies and partners. Department of Labor (DOL) and the U.S. Department of Health and Human Services (HHS).
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supplychain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supplychain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation.
Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . Disruptions in global supplychains, labor market shortages, strong consumer demand. The Criticality of the SupplyChain (and Suppliers). What can we expect in 2022?
We were excited to provide a forum for the acquisition community to continue the conversation on “What is Fair and Reasonable” when it comes to government market conditions, contract terms, procurement policies, and regulations.
Our customers have seen anywhere between 4-24% cost reduction across a portfolio of initiatives including reduction in procure to pay (P2P) cycle time, increased transparency in the complete procurement life cycle, access to alternate local and global suppliers and effective ways of managing supplychain risks.
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.
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 StrategicSourcing 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.” The current offering components scored include spend analytics, eSourcing capabilities, contract life-cycle management, supplier risk and performance management, integration, globalization and references for usability and vendor support. About Ivalua.
Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing.
JLL have been rethinking their own global supplychains, even partnering to set up a whole new hand sanitiser facility when sourcing that item became difficult ! He gave us four final takeaways: Investment in digital capability is necessary to achieve sustainable strategicsourcing , which delivers the return on investment.
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. The same is true for suppliers that are already under contract. How: The Advantages of Having a Single Platform.
TPRM is the process of identifying, analyzing and mitigating risks related to third parties–including suppliers, partners, contracts, service providers, etc). The main categories of risk are covered in Figure 1 to include supplychain, information security, location, CSR or ESG, financials, regulations, quality and reputation.
Outside of defense, 5G can enhance supplychain and warehouse logistics, support open standards and strengthen communications while maintaining secure networks. GSA also has increased some of the mobility standards in its Enterprise Infrastructure Solutions contract to allow agencies to procure 5G technologies.
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. But now with strategicsourcing and category management, the process has become much easier to track, monitor and control.
If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). For advanced respondents looking to build a competitive advantage, the top obstacles are integration of S2P tools followed by Procurement’s change resistance (13%). Plan to avoid those.
These sessions will explore the trends and initiatives shaping federal healthcare contracts after the election, into 2025, and beyond. In addition, below are considerations for member companies to manage contract and cost risks in the event of a government shutdown on October 1: Review your contract- What is the contract type?
Similar to the CMMC program, contracts for purely commercial off-the-shelf (COTS) items will be exempt from the new clause. Proposed Rule to Increase Small Business Participation on Multiple-Award Contracts The FAR Council published a proposed rule to issue policy on small business participation on certain multiple-award contracts.
White House Announces “Better Contracting Initiative” On November 8, the Biden-Harris Administration announced the next phase of the Federal Government’s enterprise approach to purchasing goods and services, known as the “Better Contracting Initiative (BCI).”
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