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With rising costs and declining margins, health systems must become more efficient and productive. We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Share on Twitter. According to 2019 Definitive Healthcare data, U.S.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
Bill Mertz Chief Procurement Officer, Peraton Bill Mertz is responsible for all aspects of the companys procurement organization, including supplychain operations, strategicsourcing and subcontractor management. Bringing nearly two [.]
REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supplychain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. ABOUT CONSUS GLOBAL.
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.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supplychain. These platforms bring key stakeholders together to address customer expectations, regulation compliance, supply risks, and much more. Digitization Benefit #2: StrategicSourcing Alignment.
From this discussion, we compiled a list of 8 critical supplychain management activities that to improve, build, and maintain supplychain resilience now and in the years to come. But building an agile, resilient supplychain doesn’t happen overnight; it requires forethought and planning.
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.
They discussed the impact of the Covid-19 pandemic on Procurement and came up with this list of 8 critical supplychain management activities that can help Procurement teams build and maintain supplychain resilience now and in the years to come.
Procurement and supplychain teams will play a crucial role in making this vision a reality. 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.
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.
If you work in strategicsourcing and supplier management, supplier collaboration enables you to achieve (or beat!) If you work in the supplychain planning function, supplier collaboration will take the form of shared demand forecasts, inventory positions, and production schedules.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. The latter is of particular importance since second sourcing can often be very expensive in this sector. The post Are you a SupplyChain Visionary Vick or Laggard Larry? Time is Money. Settle no more!
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
Empowering Procurement and SupplyChain Leaders Across the Globe. 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. ” Accelerating Innovation.
Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Additionally, the company was looking for a trusted partner to capture cost savings and reduce supplychain risks. “As
But it also has value far away from the battlespace, such as 5G efficiencies in supplychain and warehouse logistics and support for open standards while maintaining secure networks. and its allies and partners.
The project, which was delivered in partnership with Efficio, the leading strategic procurement and supplychain consultancy firm, was focused on STG’s strategicsourcing process as the first stage of a longer term digital transformation.
Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . Disruptions in global supplychains, labor market shortages, strong consumer demand. The Criticality of the SupplyChain (and Suppliers). What can we expect in 2022?
If you work in strategicsourcing and supplier management, supplier collaboration enables you to achieve (or beat!) If you work in the supplychain planning function, supplier collaboration will take the form of shared demand forecasts, inventory positions, and production schedules.
Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Additionally, the company was looking for a trusted partner to capture cost savings and reduce supplychain risks. “As
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.
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. .
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.
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.
The priority areas are: Asset Management Vulnerability Management Defensible Architecture Cyber SupplyChain Risk Management (C-SCRM) Incident Detection & Response Each priority area includes further alignment goals to address these variations.
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.
Day Two – Healthcare Focus November 16, the healthcare focused day, will begin with keynote remarks from the Department of Veterans Affairs’ (VA) Chief Acquisition Officer Michael Parrish on “Modernizing the VA SupplyChain in 2024 and Beyond.” There is a separate open FAR case (No. To register click here.
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