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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.
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.
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.
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.
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? .
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?
Achieving these goals would not only help Chassis Brakes control spend, it would improve product quality. Since implementing Ivalua, the Procurementteam 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.
GSA will continue to provide updates on the new TDR fields and Data Quality Initiatives through its monthly MAS office hours , quarterly MAS Newsletters and posts in GSAs MAS Interact community. can download the icon and use it on their website. MAS contractors that offer products with SUP-free packaging on GSA Advantage!
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