The Procurement ClassRoom

NOVEMBER 23, 2024

Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.

Procurement 59

Procurement Supply Chain E-procurement Public Procurement 59

ivalua

NOVEMBER 28, 2022

A digitised, data-driven approach to supply chain management is a prerequisite for actionable scenario planning and agility. Yet, according to a study from Procurious , only 24% of executive teams have fast-tracked investments in new technology for procurement.”. ” About the research.

Supply Chain 111

Supply Chain Supplier Media Procurement Team 111

AWS Public Sector

NOVEMBER 25, 2024

Government procurement professionals are tasked with balancing the need for innovation while adhering to strict regulations. This post provides guidance on how procurement can play a pivotal role in enabling the responsible use of AI within the public sector.

Procurement 59

Procurement Government Government Public Private Partnership 59

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

ivalua

AUGUST 29, 2019

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue.

Procurement 61

Procurement Procurement Team Supply Chain Supplier 61

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

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

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

American City & Country

AUGUST 29, 2024

Across the country, state and local procurement teams are taking up the call to expand electric vehicle (EV) infrastructure. Additionally, the rapid pace of technological advancements in the EV sector can make it difficult for procurement teams to keep up, leading to concerns about the long-term viability of their investments.

Procurement Team 52

Procurement Team Total Cost of Ownership Sustainability TCO 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

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. . Learning from Supplier Relationships.

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

SEPTEMBER 28, 2020

After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing. So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. This was the challenge made to the Ivalua R&D team a year ago.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

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 Procurement Team Supplier 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

MARCH 16, 2022

Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . CEOs Look to Innovation. The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

Tracker Intelligence

NOVEMBER 29, 2024

By addressing these challenges, procurement teams can enhance transparency, ensure compliance, and deliver value for money. Source: [link] The Key Challenges In Public Procurement Regulatory Complexity With the Procurement Act 2023 evolving, procurement is treated with a lot of oversight.

Public Procurement 52

Public Procurement Efficiency Procurement Bid Rigging 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

AUGUST 16, 2022

The report explains that: “Scope 3 emissions reduction is a key challenge for companies, often due to a lack of visibility and monitoring of suppliers’ data. Companies also face engagement gaps between their suppliers and procurement teams.”. Collaborate to innovate. Look at the view to stamp out CO2.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52

ivalua

MARCH 21, 2022

After a 2-year hiatus, Ivalua is thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. . Today, we are stronger, more united, and more determined to lead and innovate together! Breakout : Data-Driven Procurement. Keynotes: David CEO, L’Oreal, Booking.com, Robert Swan.

Vendor Management 52

Vendor Management Finance Supplier Procurement 52

ivalua

APRIL 19, 2022

We cannot wait to connect with procurement leaders, innovators, customers, and colleagues in our beautiful nation’s capital! . Today, we are stronger, more united, and more determined to lead and innovate together! Anthony Long, Vice President and Chief Procurement Officer and Mark Krause, Sr. Breakout Sessions.

Chief Procurement Officer 52

Chief Procurement Officer Eprocurement Supply Chain Procurement 52

Scottish Government Procurement

DECEMBER 12, 2024

And then in October, we held our 19 th annual Scottish Procurement conference, which explored The Transformative Potential of Technology, AI and Innovation in Procurement. Responsible procurement wise. But despite all of these things, our local government colleagues that are procurement teams continue to deliver.

Public Procurement 49

Public Procurement Procurement Supply Chain E-procurement 49

ivalua

MAY 6, 2021

The Procurement function needs to move its focus from its traditional emphasis on cost to the things that really matter to customers,” he said. These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. .

Procurement 52

Procurement Supply Chain Supplier Collaboration 52

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 1, 2019

Chief Procurement Officers stand at the precipice of change and taking the next steps towards Procurement innovation is going to require strong leadership and expert guidance. BUT, technology is only there to empower innovators through their paradigm shift. Data is the new fuel of your organisation.

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Procurement Supplier Innovation Chief Procurement Officer 45

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

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

MARCH 29, 2019

Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. While profit is of course important, and the procurement goal of cost reduction plays a key role here, “you cannot cut your way to growth” (or ultimate success), as the saying goes.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

JANUARY 31, 2022

During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. 5 Procurement Increasing Its Focus on and Use of Data.

Procurement 52

Procurement Supply Chain Supplier Consumer Demands 52

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Do they invest in automation and technology to enhance data-sharing between channels for a seamless omnichannel journey? With change comes innovation.

Retail 52

Retail Procurement Supply Chain Supplier 52

ivalua

SEPTEMBER 22, 2022

Stepping out of the shadow of the past few years, procurement leaders are having to rapidly master the art of supply continuity as organizations undergo major changes that demand more agility, innovation, and collaboration to survive. . Build a Solid Data Foundation. Ensure 360-Degree Supplier Visibility.

Supply Chain 52

Supply Chain Supplier Collaboration Data 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

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Assess and mitigate risk across the supply chain.

Supplier 52

Supplier Management Supply Chain Risk Management 52

ivalua

APRIL 27, 2023

Procurement’s Role in Sustainability White pointed out that Procurement teams have a big role to play in helping businesses address inflation and determine countermeasures, while meeting sustainability requirements and goals. When I say technology, I’m not talking about spreadsheets,” White said.

Supply Chain 52

Supply Chain Sustainability Supplier Balance 52

ivalua

APRIL 27, 2023

Procurement’s Role in Sustainability White pointed out that Procurement teams have a big role to play in helping businesses address inflation and determine countermeasures, while meeting sustainability requirements and goals. When I say technology, I’m not talking about spreadsheets,” White said.

Balance 52

Balance Sustainability Supply Chain Management 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. Delivering Better Visibility Across Suppliers.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

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