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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.
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 procurementteams aren’t enforcing standards for responsible labour appeared first on Ivalua.
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 procurementteams will struggle to work with new technologies.
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 procurementteams will struggle to work with new technologies. About the study.
New Ivalua study shows technology challenges are hindering procurementteams from achieving business objectives. The study revealed the challenges procurementteams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
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.
These solutions also improve collaboration among organizations and suppliers, and enable procurementteams 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.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. ProcurementTeams Step-up. Help staff sell procurement’s value during recovery.
Procurement’s Role in Sustainability White pointed out that Procurementteams have a big role to play in helping businesses address inflation and determine countermeasures, while meeting sustainability requirements and goals. It wasn’t a reactive transformation – they had already begun the process prior to March 2020. “In
By taking steps now to improve supply chain visibility, procurementteams can position their organizations for success in the years to come. Data-driven supply chain transparency is essential for procurementteams that want to stay ahead of the curve.
Our research found intense and growing pressure on procurementteams with the potential for even darker clouds on the horizon,” Alex Saric, CMO at Ivalua says. The result: Many Procurementteams are bending and cracking under the pressure. So, how are procurementteams preparing for or responding to this recession? .
“Your data team is not just your data scientists,” said Andy MacIsaac at Alteryx, a unified data analytics platform provider that is designed to make analytics accessible to everyone. It’s the entry-level analysts, the caseworkers, the logistics person, the procurementteam. ” Download the full guide. Favorite.
Spend under management: S2P software can help procurementteams better manage the percentage of company spend that is under contract and under management. By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Ready to revolutionize your S2P process?
Since implementing Ivalua, the Procurementteam at Chassis Brakes has reduced indirect spend by 10%, while achieving 100% contract visibility and 99% purchase order coverage. Achieving these goals would not only help Chassis Brakes control spend, it would improve product quality. Watch the full webinar on-demand here.
In order that sourcing and procurementteams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. If you have found this checklist useful, you can download the full document which includes guidance on supplier data, metrics and technology.
As always, the Fall Training Conference will serve as a unique opportunity to engage with Federal procurement leaders and connect with industry colleagues. Click here to download the Sponsorship Prospectus. The training covers ten innovative procurement techniques. Learn more and register here.
can download the icon and use it on their website. During the interview, Jackson shares her management priorities for NASA procurement and reflects on how her 30-year career has influenced her approach to acquisition policy development. MAS contractors that offer products with SUP-free packaging on GSA Advantage!
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