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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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Data-Driven Procurement: Transparency is Essential, Not Optional

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In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.

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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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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

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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. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

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Under Pressure, Will Procurement Take Performance Higher in 2023? 

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Our research found intense and growing pressure on procurement teams with the potential for even darker clouds on the horizon,” Alex Saric, CMO at Ivalua says. The result: Many Procurement teams are bending and cracking under the pressure. So, how are procurement teams preparing for or responding to this recession? .

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Let’s Get Digital: Introducing your Source-to-Pay Guide

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Spend under management: S2P software can help procurement teams 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?

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

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Achieving these goals would not only help Chassis Brakes control spend, it would improve product quality. Since implementing Ivalua, the Procurement team at Chassis Brakes has reduced indirect spend by 10%, while achieving 100% contract visibility and 99% purchase order coverage. Watch the full webinar on-demand here.