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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

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REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. on time payments) and spend visibility.

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More than half of European suppliers say procurement teams aren’t enforcing standards for responsible labour

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To download the Ivalua 2021 Responsible Labour Report, “Combatting unethical labour: How organisations can collaborate with suppliers to uphold working standards”, please visit. The post More than half of European suppliers say procurement teams aren’t enforcing standards for responsible labour appeared first on Ivalua.

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86% of UK businesses face barriers developing digital skills in procurement

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The study found that 88% find it challenging to hire the right digital skills to work with technologies such as AI, cloud-based platforms or data analytics, while 76% say they are concerned that existing procurement teams will struggle to work with new technologies.

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How Smart Procurement Software Can Help UK Companies Overcome the Digital Skills Shortage

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The study found that 88% find it challenging to hire the right digital skills to work with technologies such as AI, cloud-based platforms or data analytics, while 76% say they are concerned that existing procurement teams will struggle to work with new technologies. About the study.

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Ivalua Study: Tech Challenges Hinder Procurement

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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.

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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

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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. please visit: [link]. About the study.

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The Opportunity — and Challenges — for Digital Transformation in MENA

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These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. Download our whitepaper, The Digital Transformation Opportunity for MENA Supply Chains , for a deep-dive on this topic.