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eProcurement solutions are helping government agencies not only overcome those challenges but create new efficiencies never before possible, manage spend more effectively and deliver more value to the public. The post Highlighting the Impact of eProcurement in the Public Sector appeared first on Ivalua. On Upcoming Trends.
How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurementteams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.
Given the challenges elementary and high school students are facing right now, K-12 procurementteams have a unique opportunity to make a positive impact through their purchasing decisions. Today on the blog, we’re sharing how eProcurement can help you deliver that impact and make student-first buying decisions.
Procurement software offers a one-stop solution that covers the whole range of contract management challenges. No integrated workflows: ERP systems don’t provide integrated workflows or automatic approval management, making it difficult to set up and maintain efficientprocurement processes.
Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. There hasn’t been an implementation project that I have been a part of where the team walked away without lessons learned for future implementations, and public sector implementations are no exception.
Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements. Redwood City, CA, 20 April 2023.
By consolidating purchasing power, it ensures the healthcare system obtains better value from suppliers while adhering to procurement regulations. In the healthcare industry, these frameworks give suppliers the chance to participate in public procurement.
If the amount is over the threshold, sourcing is led by the procurementteam, whether through a public bid, NOI, or limited tendering option. eProcurement is appealing because it can help agencies move the needle on strategic goals, including project efficiency, stakeholder collaboration, and vendor engagement.
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.
Enabling this holistic strategy requires aggregating and analyzing data generated at every stage of Procurement — from sourcing to purchasing, to contract lifecycle management and invoicing — and extracting actionable insights that can inform decisions about suppliers, products, spend management and more. .
Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Consequently, staying on top of these financial trends gives manufacturers a critical edge in predicting their bottom line.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers.
At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurementteam prepared to respond to unexpected supplier chain issues with speed and agility?”. For Körber, investing in procurement technology solutions frees up time to allow for more work on more strategic activities.
Today, procurement leaders have a seat at the table in e-staff meetings. Procurementteams were just buyers who delivered what other departments told them to buy. Organizations viewed procurement as the bottleneck between what they wanted and when they received it. How has the role changed over the past few years?
Seeking to light the way on the journey, Procurement Leaders, Covéa and Ivalua joined forces on a recent webinar to inspire Procurement leaders as they boldly go where few Procurementteams have gone before. Show proof of better efficiencies and added value. Here are the key takeaways. Don’t forget about suppliers.
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