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Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process.
Since its inception in the late 1980s, strategicsourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategicsourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process. Tom Reynolds / Robert Fretwell. 0207 436 0420.
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.
However, few manufacturers ever sit back and ask, “How can our procurement or strategicsourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategicsourcing is the first place to start shaping the customer journey.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts. Innovating.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
At the introduction stage, it is imperative that your suppliers have the capability and capacity to meet demand at launch and the subsequent ramp to volume…and profitability.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategicsourcing in supply chain. Demand planning capabilities. Point-of-use data capture.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts. Innovating.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.
Disruptions in global supply chains, labor market shortages, strong consumer demand. How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Companies must proactively fill positions and increase talent acquisition budgets to meet industry demands. What can we expect in 2022?
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.
Close Technical Strategist, Dell Technologies The Need for 5G in Government Leveraging a 5G network could provide a more secure, private wireless communication option for war fighters, allowing the government to maintain a security posture while still offering on-demand communications.
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 second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s StrategicSourcing Application Suites Magic Quadrant.
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s StrategicSourcing Application Suites Magic Quadrant.
I see the same from some suppliers – for example those price gouging on ICU ventilators given the spike in demand. That is how Procurement establishes a company as customer of choice, which will minimize your risk of supply disruption the next time demand outstrips supply, as is a common scenario for many items today.
Does the organisation have the right policies, processes and technology in place to meet these demands? Procurement leaders can use it as an argument for reviewing how outsourcing is carried out and managed, from strategy through supplier selection to performance management and contract end- of-life.
” Additionally, the Veterans Health Administration (VHA) is requesting an additional $12 billion from Congress to meet the increased demand in care resulting from the PACT Act. VA Secretary Denis McDonough said that the supplemental funding “will go directly to earned benefits for about 7 million veterans and their families.”
While there are many similarities, the nuances of public legislation and free trade requirements create a procurement environment that is more regulated, demands a greater level of transparency, and requires vigilance to stay on top of the constantly changing landscape.
Billion in Obligations in Demand Forecast On November 6, the Defense Logistics Agency (DLA) held a meeting with industry associations, including the Coalition, to present its demand forecast. The presentation included information on DLA contract obligations in FY23 and previous years, and demand projections for FY24.
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