ivalua

JANUARY 8, 2023

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. Further, it is essential that supplier management and data is holistic (i.e.,

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions.

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

Supplier 52

Supplier Management Supply Chain Risk Management 52

ivalua

DECEMBER 18, 2019

Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line.

Supplier 40

Supplier Data Management Procurement 40

Tracker Intelligence

NOVEMBER 20, 2024

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).

Efficiency 52

Efficiency Procurement Data Supply Chain 52

ivalua

AUGUST 26, 2021

Majority of European suppliers not being asked to prove they protect against labour violations, while 76% of UK suppliers are unprepared for new changes to the Modern Slavery Act. Just half (50%) of European suppliers said they are frequently asked by their buyers to provide proof that they protect against unsafe working conditions.

Procurement Team 40

Procurement Team Supplier Supply Chain Buyers 40

DemandStar

MARCH 31, 2022

If you’re part of any government procurement team, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.

Supplier 52

Supplier Procurement Team Procurement Bidding 52

ivalua

NOVEMBER 28, 2022

“Supply continuity has been left on life support after repeated blockages and restarts, resulting in supplier failure and organisations struggling to onboard new suppliers to kick-start supply. A digitised, data-driven approach to supply chain management is a prerequisite for actionable scenario planning and agility.

Supply Chain 111

Supply Chain Supplier Media Procurement Team 111

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Financial Services.

Supplier 58

Supplier Management Supply Chain Procurement 58

ivalua

OCTOBER 18, 2022

The business case for data-driven transparency is not hard to make. In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.

Transparency 52

Transparency Supply Chain Data Procurement 52

ivalua

DECEMBER 21, 2021

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.

Supplier 52

Supplier Integration Integrity Retail 52

ivalua

JUNE 6, 2019

Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.

Supplier 40

Supplier Automotive Supply Chain Data 40

ivalua

SEPTEMBER 28, 2020

Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR. 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

VWV

OCTOBER 8, 2024

The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. Part 2 will cover the debarment list; contract award process and what options are available to suppliers if things go wrong.

Supplier 52

Supplier Procurement Tender Transparency 52

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

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

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. Managing a Complex Network of Direct Material Suppliers.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

MARCH 29, 2019

Even in terms of the “improved sales / marketing” route, there are possibilities – maybe procurement can work with the marketing team to find innovative suppliers in areas such as digital marketing? 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

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

Oxford College of Procurement and Supply

JANUARY 14, 2025

Why Benchmarking Matters in Procurement Procurement is all about achieving value for money. But how do you determine whether your suppliers are truly offering the best value? Types of Benchmarking in Procurement The benchmarking approach depends on the objectives and data available. The answer lies in benchmarking.

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

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

ivalua

SEPTEMBER 25, 2020

Challenges in hiring digital skills in procurement. As part of ongoing digital transformation efforts in procurement, the report found that UK businesses have started to introduce new technologies such as data analytics (55%), cloud-based platforms (53%), automation (35%) and AI/machine learning (30%) in the last 12 months.

Procurement 75

Procurement Procurement Team Supply Chain Finance 75

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

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

OCTOBER 13, 2022

The majority of organizations consider supply chain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. Many organizations still rely on conventional data sources such as contracts, invoices, and audits to support their supply chain transparency initiatives.

Supply Chain 52

Supply Chain Transparency 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. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

NOVEMBER 29, 2021

Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurement teams. . Lack of control or visibility into what is being spent and with which suppliers. Who purchased it.

Buyers 52

Buyers Supplier Purchasing Procurement Team 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. 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 Manufacturing Supplier Procurement Team 52

Oxford College of Procurement and Supply

FEBRUARY 19, 2024

Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations. KPIs also motivate suppliers.

Import 59

Import Procurement Supplier Supply Chain 59

ivalua

JUNE 1, 2022

In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. According to Sajid Kunnummal, Vice President and CPO at Navistar, supply chain data visibility is the number one driving force behind creating resiliency. “It

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 52

Procurement Supply Chain Procurement Team Supplier 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

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. Data Insight Strategy.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

ivalua

MARCH 16, 2022

Therefore, you would expect that Procurement is ready to play an active role in managing supplier risk. In fact, 50% of respondents lack a mature third-party risk program and 21% have no supplier due diligence or supplier monitoring program at all. Strengthening/initiating supplier risk management activities.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

ivalua

AUGUST 17, 2021

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . 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

JUNE 16, 2021

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. Additionally, laws governing data usage remain ambiguous in the region.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 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. Ensure 360-Degree Supplier Visibility. You must understand who you are purchasing, or could purchase from, and all relevant details about that supplier.

Supply Chain 52

Supply Chain Supplier Collaboration Data 52