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Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process.
So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. If Procurement follows a StrategicSourcing process flow like a checklist, then all StrategicSourcing projects will start and end in the same way.
Bol.com was in search of a solution to digitalize its indirect S2C cycle to support its business colleagues with efficient and robust sourcing and contract management processes. The post <strong>Bol.com Selects Ivalua to Digitalize StrategicSource-to-Contract</strong> appeared first on Ivalua.
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process. Please visit our website: www.cks-consulting.com/en.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategicsourcing. The answer is simple – automation.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
“We are very excited about the sizable improvements in productivity, customer delivery, and efficiency that will occur as a result of this strategy.”. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes. Adoption of best-in-class strategicsourcing practices. Michael Gallo.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. contract compliance, procurement cycle efficiency). Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.
Bill Mertz Chief Procurement Officer, Peraton Bill Mertz is responsible for all aspects of the companys procurement organization, including supply chain operations, strategicsourcing and subcontractor management. Bringing nearly two [.]
The strategicsourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?
Developing and executing category strategies is critical to effective strategicsourcing. That’s why it’s important to analyze spend and successfully define/execute sourcing and supplier management strategies across all spend.
Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategicsourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.
If you work in strategicsourcing and supplier management, supplier collaboration enables you to achieve (or beat!) The value created is higher customer satisfaction, greater working capital efficiency, and a lower operating cost for the supply chain. the bill-of-materials target cost through the entire product lifecycle.
With rising costs and declining margins, health systems must become more efficient and productive. Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. On the flip side, the pandemic has highlighted the long standing need for digital transformation within healthcare.
But it also has value far away from the battlespace, such as 5G efficiencies in supply chain and warehouse logistics and support for open standards while maintaining secure networks. and its allies and partners.
The power of collaboration allows for more innovative solutions, improved efficiency and a reliable supply chain in even the most uncertain times. As businesses continue to pivot during the pandemic, creativity will be key.
Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. The resulting synergies unlock value and efficiency, improve visibility of risk, and take unnecessary costs out of the supply chain. Digitization Benefit #2: StrategicSourcing Alignment.
No integrated workflows: ERP systems don’t provide integrated workflows or automatic approval management, making it difficult to set up and maintain efficient procurement processes. No support for strategicsourcing: ERP systems don‘t offer support for strategicsourcing, which is critical for optimizing spend and driving savings.
A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategicsourcing in supply chain. Efficient warehouse management. Demand planning capabilities.
Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Pacific Drilling, an offshore drilling company, provides global deep water drilling services to the oil and natural gas industry through the use of high-specification drillships.
Our panelists included: Hend Salem , Manager of StrategicSourcing – Non Clinical at The Ottawa Hospital Carol Izzio , Director of Procurement at Sheridan College Christine McParland , Director of Residence and Ancillary Services at St. It’s not a procurement policy, it’s a corporate policy. Everyone has to buy in.”
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing.
If you work in strategicsourcing and supplier management, supplier collaboration enables you to achieve (or beat!) The value created is higher customer satisfaction, greater working capital efficiency, and a lower operating cost for the supply chain. the bill-of-materials target cost through the entire product lifecycle.
Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Pacific Drilling, an offshore drilling company, provides global deep water drilling services to the oil and natural gas industry through the use of high-specification drillships.
Director StrategicSourcing Digital & Functional Transformation, . This year, we’ve invited a wide array of industry thought leaders to join 6 expert panels covering Data Integrity, Sourcing Optimization, Sustainable Procurement, Finance Procurement, Public Procurement, and Federal Procurement. .
All states want to use public resources wisely and efficiently but doing so quietly is not enough to meet expectations. Modernizing procurement systems can enable states to manage their data and engage in strategicsourcing and management programs, as well as ensure compliance with these programs.
Time to market also improves substantially due to fewer changes in design and more efficientsourcing. When incorporated into an efficientstrategicsourcing process, collaboration can result in better visibility into total costs and a better negotiation position. Collaboration around margin enhancement.
In his role he works closely with multiple government agencies to address their unique enterprise and mission enabling communications requirements, as well as commercial industry partners to identify capabilities and emerging technologies to address customers’ mobility and SATCOM requirements.
Last year, 62% of enterprises that made an investment in supply management technology over the past two years took the suite-based approach (strategicsourcing suite or full Source-to Settle suites. More on that here. 5 Procurement Increasing Its Focus on and Use of Data.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. That is very much like using a spoon to butter your bread—it may get the job done and it is still a utensil, but it will be far less efficient than a knife.
Strategicsourcing professionals may end up doing tactical work, as well. That collaboration leads to more innovation, greater efficiencies and a higher-performing, resilient supply chain that can weather the challenges of a crisis like Covid. . Simplify approvals with clearly defined roles and responsibilities.
Strategicsourcing professionals may end up doing tactical work, as well. That collaboration leads to more innovation, greater efficiencies and a higher-performing, resilient supply chain that can weather the challenges of a crisis like Covid. . Simplify approvals with clearly defined roles and responsibilities.
If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). It is exactly that deeper level of integration which delivers the efficiencies and seamless access to information you need to advance fully in your journey. Plan to avoid those.
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. As far as reviewing supplier performance regularly, the results were 97% versus 17%.
Canada , the Middle East , South America and Asia are now using Ivalua’s procurement empowerment platform to power their digital transformations, improving efficiency, reducing costs, managing risk and growing revenue. Hundreds of the most admired companies from Europe , the U.S., ” Accelerating Innovation.
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation.
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.
To support the company’s strategic objective to better serve its clients and members, Desjardins requires a more efficient and streamlined sourcing and contracting process. The company chose Ivalua for the strength of its technology and success in delivering efficiency improvements. REDWOOD CITY, Calif.,
million beneficiaries by “keeping the supply chain of medical equipment, pharmaceuticals, and other medical materiel functioning properly and efficiently.”
demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategicsourcing from a category management perspective.
The Government Procurement Efficiency List On Monday, the new Administration begins with a focus on operational reform as represented by the Department of Government Efficiency (the DOGE). This focus on government efficiency provides an important opportunity for a holistic review of the procurement system.
In addition, increased efficiencies in operations led to faster award cycles, as demonstrated by a Procurement Administrative Lead Time of under 50 days. In addition, GSA received a grade of “A” or higher from the Small Business Administration for the 13 th consecutive year.
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