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In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. How they carry out that duty, therefore, can affect whether they can achieve their sustainable development goals.” Sustainable Development Goal (SDG) No.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurementteams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. These organizations must also conduct regular supply chain audits to ensure sustainable and responsible operating measures. .
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Those are three hot topics in the enterprise today. When I say technology, I’m not talking about spreadsheets,” White said.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
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.
In recent years, sustainability has increasingly become a top priority for many organisations. With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions.
How an agile Supply Chain drives a sustainable competitive advantage. As companies reassess their supply chains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. A great example of how sustainability can be improved in parallel to cost reduction.
Across the country, state and local procurementteams are taking up the call to expand electric vehicle (EV) infrastructure. Additionally, the rapid pace of technological advancements in the EV sector can make it difficult for procurementteams to keep up, leading to concerns about the long-term viability of their investments.
Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurementteams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurementteams continue to deliver.
Procurement professionals in Oil, Gas and Energy companies require governance to ensure contract compliance, adherence to processes and develop sustainable supplier relationships. A solution that can streamline complex sourcing activities, increase transparency and efficiency in procure-to-pay processes crucial to process excellence.
CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.
Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurementteams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue.
In recent years, sustainability has increasingly become a top priority for many organizations. With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions.
More and more companies are adopting a low-carbon footprint and sustainable approach to procurement, and for good reason. Most notably, these companies must make progress on these issues to be sustainable in an increasingly competitive world. Incentivize Procurement. Everything starts with people. Key Takeaways.
A global pandemic, water shortages, wildfires, deadly floods across the globe, and labor & human rights issues have propelled sustainability into the spotlight. . Organizations are investing sustainability and diversity concepts into their business processes, and they are committed to the success of these programs.
Beyond the Bottom Line: Social value prioritises community well-being over just financial efficiency. Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement?
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. My heartiest congratulations to JFC and the entire Project Ruby Team,” explains Shantanu Bhowmick, Chairman & CEO at Consus Global. “I
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.
And I’m really proud to see procurement play a pivotal role in our drive towards a sustainable economy and delivering for the people of Scotland. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team. However, there are a few things that I would definitely like to mention.
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?”. Procurement is a core role in any modern business, but when issues surface, it can be a source of waste and inefficiency. Körber + Ivalua.
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.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. Modifying your approach to procurement can make your business permanently more efficient.
There will be unique challenges public procurementteams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Total estimated infrastructure bill allocations: Source.
As a center-led procurement function FCL used Ivalua’s solution to enable non-procurement professionals within various different business sectors to conduct sourcing activities in accordance with FCL’s procurement governance. About Federated Co-operatives Limited and the Co-operative Retailing System. Follow us at @Ivalua.
Governments aim to support ethical, sustainable businesses while getting the best value. Fairness: Equal Opportunity for All Public procurement is built on fair competition. Awarding the Contract The winning supplier is selected based on clear criteria, ensuring fair and competitive procurement.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The 7 Steps of Source-to-Pay Source-to-Pay is an interconnected cycle that gives Procurement the means to drive value for their business.
In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.
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.
“The Procurement function needs to move its focus from its traditional emphasis on cost to the things that really matter to customers,” he said. These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. .
Risk management has become critical, because it’s no longer just about sourcing efficiencies and cost reduction; it’s about ensuring the availability of products, and the materials needed to manufacture those products,” Dr. El-Jawahari said. . Strategic Investments Target Risk Reduction. This is particularly true in the Middle East.
Transparency, equity, and efficient use of public money are all highly valued. Strict laws, such as the Procurement Act 2023 and the Public Contracts Regulations, regulate public procurement activities in order to maintain accountability and safeguard public funds.
With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurementteams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.
The Importance of Competition in Public Procurement The essence of competition is to allow multiple suppliers to compete for a government contract under the same conditions so that the best value is achieved. This is not just theoretical; the benefits of competition are tangible, and public bodies and citizens alike can feel them.
And I’m really proud to see procurement play a pivotal role in our drive towards a sustainable economy and delivering for the people of Scotland. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team. However, there are a few things that I would definitely like to mention.
Those that selected more rigid technology that is good at driving standard process efficiencies but less so in enabling analysis or connecting stakeholders, or doesn’t address all spend, will struggle to scale efforts. That type of short term, zero-sum approach may generate a temporary gain, but at great cost.
General Services Administration (GSA) with the contractual flexibility it needs to modernize antiquated Federal procurement procedures and increase efficiency. The legislation will also maximize the Federal Government’s ability to procure modern technology and help small businesses by reducing regulatory burdens.”
Imagine a competent procurement officer surrounded by a myriad of daunting problems, including legislative procurement compliance solutions, inefficiency, and even the risk of fraudulent activity. This article will focus on tackling challenges in the public procurement process and suggests practical solutions for these challenges.
Now we play a major role in this to our programmes of work on our National Collaborative Procurement, Commercial Value for Money programmes and the Single Scottish Estate programme, making a real efficiency and securingsavings for the public sector. Our new Biosecurity guidance is now live on our SustainableProcurement Tools website.
The sheer volume of data generated and consumed by AI applications, coupled with the need for real-time processing and analysis, contributes to escalating costs, exacerbates latency concerns and hinders critical decision-making and operational efficiency. HPE also leads in energy efficiency.
Use of the SUP-free Icons The SUP-free packaging icon is featured on the Strategies to Reduce Plastic in Packaging page on our Sustainable Facilities Tool. 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.
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