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Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategicsourcing.
Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. What is Data Analytics in Procurement? contract compliance, procurement cycle efficiency).
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.
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 procurementteams achieve better and faster results.
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: . What is Indirect Procurement? Indirect Procurement is anything a business needs to operate.
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. Strategicsourcing professionals may end up doing tactical work, as well.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Breakout Sessions.
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?
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! Is your data separate from other customer data in the cloud?
An Ardent 2021 survey of more than 350 CPOs and other business leaders found that there’s a strong push by procurementteams to adopt suites instead of a collection of standalone or one-off solutions. 5 Procurement Increasing Its Focus on and Use of Data. . #5 5 Procurement Increasing Its Focus on and Use of Data.
This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurementteams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Improving supplier performance.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies.
The total costs, in terms of human lives, disrupted supply chains, 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 Supply Chain leaders.
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