ivalua

JANUARY 8, 2023

Export and import of certain hazardous wastes. For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

ivalua

JANUARY 29, 2021

Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” . The feedback from the survey was that process adaption and change management are the most important factors.

Supplier 78

Supplier Supply Chain Procurement Team Risk Management 78

ivalua

SEPTEMBER 25, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

Procurement 75

Procurement Procurement Team Supply Chain Finance 75

Scottish Government Procurement

DECEMBER 12, 2024

Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurement teams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurement teams continue to deliver.

Public Procurement 48

Public Procurement Procurement Supply Chain E-procurement 48

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Supplier Data Quality & Management in Decision Making.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

Oxford College of Procurement and Supply

JULY 28, 2023

AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data. This can be sped up by the proper organisation of relevant data beforehand.

Procurement 52

Procurement Procurement Team Supply Chain Quality 52

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Governmental support will also be an important factor.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 52

ivalua

SEPTEMBER 24, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

Procurement 12

Procurement Supply Chain Procurement Team Finance 12

ivalua

JUNE 26, 2023

With streamlined category management, reliable data, optimization of strategic sourcing, standardization of processes, supplier compliance, and risk mitigation, procurement professionals can create a more sustainable and profitable procurement environment.

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Data Insight Strategy. Scalability.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 52

Collaboration Automotive Supplier Procurement Team 52

ivalua

APRIL 12, 2019

A recent Ivalua study with Forester identified capacity being consumed by operational and manual activities as one barrier, along with a lack of contextual access to insights, and poor data quality as other blockers. So, is AI the light at the end of the tunnel for overworked procurement functions? Help build a shopping cart.

Supplier 70

Supplier Capacity Procurement Team Procurement 70

ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ This was the challenge made to the Ivalua R&D team a year ago.

Supplier 94

Supplier E-procurement Buyers Supply Chain 94

ivalua

OCTOBER 13, 2022

A new report, “Data-Enabled Supply Chain Transparency” has revealed that 77% of respondents indicated their organization considers supply chain transparency to be critically or highly important. Redwood City, CA, 13 October, 2022. About the research.

Supply Chain 52

Supply Chain Transparency Procurement Supplier 52

American City & Country

AUGUST 28, 2024

As environmental issues have become more important to governments and administrations within the last few decades, it has gotten easier to identify ways to leverage purchasing to support these goals. This factor might be included as an important score in the overall evaluation rating scale. Matching devices to needs.

Purchasing 97

Purchasing Sustainability E-procurement Procurement 97

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Data Management Capabilities .

Procurement 52

Procurement Procurement Team Supplier Electronics 52

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

Procurement 52

Procurement Supply Chain Influencing Chief Procurement Officer 52

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

ivalua

MARCH 16, 2022

The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world. Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Procurement Priorities. Main Corporate Risks.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

ivalua

JUNE 11, 2023

Finance leaders will need to work closely with sustainability or Procurement teams to ensure accurate and comprehensive reporting across both dimensions. By utilizing reliable data to generate emission baselines and collaborating with suppliers, the EIC is committed to creating a sustainable supply chain.

Supply Chain 98

Supply Chain Finance Procurement Sustainability 98

ivalua

JUNE 1, 2022

When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

MARCH 30, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

NOVEMBER 29, 2021

How to incorporate ESG data into sourcing, procurement, and supplier management decisions. Ways to identify and gather ESG data in order to improve decision making. This creates a supplier information profile complete with diversity categories, certification data, and contact information.

Supplier 52

Supplier Sustainability Data Integrity 52

ivalua

DECEMBER 14, 2020

Doing so safely requires having access to the right data, and the tools and technologies to act on it. It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Balancing New Priorities Makes Procurement More Valuable.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

APRIL 17, 2023

Ivalua knows that procurement success isn’t achieved in a vacuum – just like great team performance, it’s the sum of its parts. To maximize your software efficiency and ensure streamlined processes with accurate data, integration is key! Procurement processes shouldn’t be considered set in stone.

Public Procurement 52

Public Procurement Procurement Transparency Supplier 52

ivalua

NOVEMBER 29, 2022

Aside from mitigating risk and saving organizations money, Procurement teams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Risk Metrics. Other benefits include improved quality and lower risk.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

MARCH 9, 2023

Spend Analysis: Understanding their spend is one of the first steps a Procurement organization goes through-as a determinant for: Who are you buying from, what are you buying, how much are you buying, what price are you buying at, is it on or off-contract, etc. Sourcing: Where Procurement often creates value first.

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

SEPTEMBER 22, 2022

Build a Solid Data Foundation. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers. This places limitations on the value that procurement generates for your organization and impacts the resilience and agility of the supply chain.

Supply Chain 52

Supply Chain Supplier Collaboration Data 52

ivalua

JUNE 29, 2022

Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. Pick the right tools for the job.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52

ivalua

DECEMBER 3, 2021

Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. While making these changes is now imperative for helping prevent climate change, it can be difficult to know where to start when it comes to sustainable procurement. Pick the right tools for the job.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52

ivalua

JULY 13, 2022

The amount of data associated with these initiatives can be exponential, a burden too heavy to manage manually. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements. ESG Objectives for Buyers.

Sustainability 52

Sustainability Buyers Supplier E-procurement 52

Bonfire

APRIL 3, 2023

Meanwhile, purpose-built procurement software collects feedback from stakeholders and gives you real-time data and insights to help you monitor supplier performance and ensure compliance. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 52

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3. 5 Procurement Increasing Its Focus on and Use of Data.

Procurement 52

Procurement Supply Chain Supplier Consumer Demands 52

ivalua

MARCH 29, 2019

Whilst remembering those are still important aspects of the role, we need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. For one European bank, the capability of their internal procurement team has become a customer benefit that is winning new revenue.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

MAY 6, 2021

According to Jones, procurement software has traditionally focused on aggregating data and looking back at what already happened in order to prepare for what could happen in the future, which isn’t always useful. It is important for organizations to ensure a solid data foundation now to capitalize on improving AI capabilities.

Procurement 52

Procurement Supply Chain Supplier Collaboration 52