ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Data 52

Data Procurement Quality Supply Chain 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. How 100% spend insight is not the same as 100% spend under management.

Supplier 40

Supplier Automotive Supply Chain Data 40

ivalua

FEBRUARY 4, 2020

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. The report contains some great illustrations of the current state of Data governance across the organizations that were surveyed, with a specific focus on the supply chain.

Supply Chain 52

Supply Chain Data Quality Supplier 52

ivalua

DECEMBER 5, 2019

As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.

Supplier 88

Supplier Innovation Procurement Consumer Demands 88

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.

Import 59

Import Procurement Supplier Supply Chain 59

ivalua

FEBRUARY 24, 2021

In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.

Supplier 52

Supplier Accountability Eprocurement Supply Chain 52

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. SO DON’T TRY TO BOIL THE OCEAN.

Supplier 69

Supplier Capacity Automotive Manufacturing 69

ivalua

AUGUST 10, 2015

The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management. Manufacturers need better supplier information. But the lack of timely & accurate supplier information stood as a great impediment.

Automotive 63

Automotive Supplier Manufacturing Quality 63

ivalua

JUNE 10, 2020

With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Failure to manage supplier risk comes with significant monetary losses and damage to a company’s reputation. Form new supplier relationships.

Risk Management 59

Risk Management Supplier Supply Chain Management 59

Open Contracting Partnership

MARCH 8, 2024

When given opportunities, these businesses excel in delivering quality and innovation. For instance, women producers in Palmira are suppliers for the school meals program and other food provision services. We focused on the plan, the data, and the purpose of what we want to achieve. It’s not just an administrative process.

Government Contracts 73

Government Contracts Leadership Government Government 73

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 Purchasing 58

Open Contracting Partnership

APRIL 1, 2024

Seven suppliers were awarded contracts. Over 50% of the total award value (PHP 573 million) was awarded to one supplier (Philippine Chemsteel Industries, Inc). million if median internal reference prices were used, to as much as PHP 214 million if the Department of Public Works and Highways construction materials price data were used.

Budget 132

Budget Transportation Transportation Bidder 132

GovSpend

FEBRUARY 29, 2024

Paige emphasized the importance of assessing a vendor’s credibility and reliability using historical data, including which government agencies they’ve worked with and whether they deliver goods and services on time.

Procurement 105

Procurement Price Purchasing Bidding 105

ivalua

AUGUST 10, 2015

The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management. Manufacturers need better supplier information. But the lack of timely & accurate supplier information stood as a great impediment.

Automotive 40

Automotive Supplier Manufacturing Quality 40

Federal News Network

SEPTEMBER 12, 2024

So we are in a position now where we validate that a vendor is covered by a NIST assessment if they’re going to have access to unclassified data or covered defense information. That’s part of the supplier performance risk system, DLA’s authoritative source for vendor performance.

Contract 59

Contract Supplier Logistics Efficiency 59

Oxford College of Procurement and Supply

JULY 28, 2023

Information AI allows procurement teams to mine huge amounts of complex data. With the vast amounts of external data that AI has access to, it can provide more information in real-time, which procurement teams can use to facilitate and improve their decision-making.

Procurement 52

Procurement Procurement Team Supply Chain Quality 52

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Ability to enrich data sets with other, related data sets.

Supply Chain 69

Supply Chain Procurement Procurement Team Supplier 69

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. SO DON’T TRY TO BOIL THE OCEAN.

Supplier 40

Supplier Capacity Automotive Manufacturing 40

ivalua

MARCH 4, 2019

In the rule-based system, for instance, the supplier is typically identified thanks to a regex search on the VAT number in the OCR data of the invoice. Although the VAT number is precise and unique, it is not always on the invoice itself, and the OCR data might not be clean enough to identify a number as a VAT number.

Data 49

Data Supplier Engineering Quality 49

The Procurement ClassRoom

JUNE 2, 2024

These documents communicate the intent of the procurement entity to enter into contracts with suppliers, contractors, or consultants for the provision of goods , services , or works. Quality Requirements : They describe the quality and specifications of the goods , services , or works required.

Public Procurement 91

Public Procurement Bidding Procurement Bidder 91

ivalua

FEBRUARY 25, 2019

In the rule-based system, for instance, the supplier is typically identified thanks to a regex search on the VAT number in the OCR data of the invoice. Although the VAT number is precise and unique, it is not always on the invoice itself, and the OCR data might not be clean enough to identify a number as a VAT number.

Data 45

Data Supplier Engineering Quality 45

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

DECEMBER 2, 2015

Product manufacturers have become increasingly dependent on their strategic suppliers to create a competitive advantage in the market. These collaborative supplier partnerships present manufacturers with a number of opportunities to achieve greater product success. Effective Supplier Engagement Requires a Structured Approach.

Supplier 56

Supplier Strategic Sourcing Manufacturing Innovation 56

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. It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. No PO, no Pay was born to force suppliers to add PO’s to Invoices by forcing Buyers to create PO’s.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. As a result, your suppliers now have a very significant impact on the price and quality of your products, your company’s reputation and ability to innovate, and even the success of the new offerings your company introduces into the marketplace. Create a specific data map.

Supplier 40

Supplier Total Cost of Ownership Supply Chain Cost of Ownership 40

How to Crack a Nut

OCTOBER 18, 2023

SCL AI Clauses The SCL AI clauses have a clear commercial orientation and are meant as a starting point for supplier-customer negotiations, which is reflected on the fact that the proposed clauses contain two options: (1) a ‘pro-supplier’ drafting based on off-the-shelf provision, and (2) a ‘pro-customer’ drafting based on a bespoke arrangement.

Supplier 73

Supplier Transparency Negotiation Procurement 73

How to Crack a Nut

JULY 1, 2024

Slowing Down Public Sector AI adoption PROCUREMENT CONFERENCE DAY I am at an industry conference day, there are rows upon rows of supplier stands, and tables covered with branded pens and tote bags. I am reading a leaflet for a contract management portal when I overhear a conversation between a buyer and a supplier. “I says a buyer.

Bidder 52

Bidder Tender Buyers Bidding 52

ivalua

APRIL 22, 2021

This has led many companies to consider diversifying their networks to include more onshore suppliers in order to reap the benefits of having a supply chain that’s a bit closer to home. . In many cases, international markets have different environmental and ethical regulations when it comes to how suppliers operate and treat their employees.

Supply Chain 52

Supply Chain Supplier Freight Ethics 52

Tracker Intelligence

JUNE 16, 2024

Health tenders are official calls for bids from healthcare institutions, government, or private entities seeking suppliers of products and services. They are very vital in making sure that health care institutions get the necessary resources to be able to provide quality health care to patients.

Tender 52

Tender Competitive Bidding Bidding Supplier 52

ivalua

MAY 15, 2019

The data in this case is text from natural language , which is rarely structured data. It can be found in any human communications, either live conversations (ch atbots, email, speech to text devices …) or stored publicly on the Internet or privately as textual data in databases.

Data 60

Data Management Contract E-procurement 60

Open Contracting Partnership

MARCH 28, 2024

Creating a dynamic marketplace that promotes transparency of pricing, services and supply contracts, allows suppliers to continually update their offerings and prices and enables public sector buyers easier access to the latest technology and services.

Procurement 134

Procurement Framework Agreement IT Public Private Partnership 134

Oxford College of Procurement and Supply

AUGUST 23, 2023

Strategic sourcing assesses all the costs of a company’s operations and considers what value suppliers can bring. Where traditional sourcing focuses on high volumes and bulk buying to secure discounts, strategic sourcing focuses on securing the best quality for the lowest cost. cost, products, legal terms, delivery etc.).

Strategic Sourcing 52

Strategic Sourcing Import Total Cost of Ownership IT 52

Curbing Corruption in Government Contracting

SEPTEMBER 22, 2020

The datasets not only republish structured data gathered from official source websites, but also contain corruption risk red flags developed by the research team. Data and documentation Find the first iteration of these datasets and accompanying source data and documentation here, and the second iteration here.

Data 40

Data Corruption Tender Contract 40

Open Contracting Partnership

AUGUST 30, 2024

EU Member States must publish their procurement notices to Tenders Electronic Daily (TED) , so we used TED data to rank the product groups by number of procurement notices, to produce a shortlist of product groups to investigate. When choosing a model, it’s important to understand its training data. 2018) dataset.

Procurement 58

Procurement Public Procurement Green Public Procurement Electronics 58

GovSpend

MARCH 18, 2024

Paige emphasized the importance of assessing a vendor’s credibility and reliability using historical data, including which government agencies they’ve worked with and whether they deliver goods and services on time.

Procurement 52

Procurement Price Purchasing Bidding 52

ivalua

APRIL 9, 2021

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions. Download the full study *.

Procurement Strategies 52

Procurement Strategies Supply Chain Procurement Inventory 52

ivalua

JULY 16, 2020

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. The results show businesses face several hurdles when implementing sustainability initiatives, with 93% claiming it is challenging to gain visibility into suppliers to track the environmental impact of their supply chain.

Sustainability 52

Sustainability Supply Chain Supplier Quality 52