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The Coalition for Common Sense in Government Procurement (the Coalition) continues to collect recommendations for the Government Procurement Efficiency List (GPEL). Specifically, t he Veterans Health Administration (VHA) can and should adopt a commercially available, best-in-class, automated ordering platform for medical supplies and devices.
SupplyChain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supplychains. . SupplyChain Risk Management on the World Stage – Lessons Learned. Global SupplyChains are Here to Stay.
It has the authority to issue recommendations for removing or excluding products and services from federal supplychains. This rule will also help make government supplychains and information systems more resilient and less subject to disruptions that could impact government operations,” it adds.
The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
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.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, 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).
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.
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?
How an agile SupplyChain drives a sustainable competitive advantage. As companies reassess their supplychains 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. Zara’s SupplyChain Approach. Zara & fast-fashion.
The pandemic and its aftermath only further exposed the fragility of our supplychains in all parts of the economy. Two prominent procurement laws address supplychains and the industrial base: the Buy American Act (BAA) and the Trade Agreements Act (TAA). Some believe a clarification may be affected via legislation.
P rocurement, a critical component of supplychain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.
Bill Mertz Chief Procurement Officer, Peraton Bill Mertz is responsible for all aspects of the companys procurement organization, including supplychain operations, strategic sourcing 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. Consus is a recognized and trusted global supplychain solutions provider.
ECS will deliver SAS artificial intelligence-based offerings to federal agencies to help address health system needs including public safety and health monitoring, risk and resource management, operational efficiency and policy and compliance oversight.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua. Global Media Contact.
In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. Foster sustainability by prioritizing green and energy-efficient technologies.
If you missed our webinar that highlighted the story of Rolls-Royce ’s success overcoming the supplychain challenges during COVID-19, you can still access the full recording and learn more about how they worked to create more resilience and efficiency by modernizing and digitizing their supplychain using Ivalua tools. .
NASA, the Defense Department and the General Services Administration have joined together to issue a final rule that tweaks federal acquisition regulations to more efficiently address information and supplychain security, according to a posting on the Federal Register.
As the demands on supplychains continue to increase, so do the expectations of consumers. Supplychains are particularly affected by these changes, as well as other external influences that threaten to disrupt their daily operations, such as: extreme weather conditions, supply shortages, global health issues, and economic crises.
SupplyChain Transformation is ongoing but never more important than in 2021. Despite the initial capital investments, these technologies are driving efficiencies that ultimately lead to cost reduction. What Will Impact Procurement Processes in 2021? This was due in large part to the way they were designed. “The
The subject of the hearing was “Safeguarding the Federal Software SupplyChain.” Thank you for the opportunity to appear before you to address the federal software supplychain. As such, they are well-aware of the challenges involved in addressing vulnerabilities in the federal software supplychain.
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
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 #1: Inter-Enterprise Collaboration .
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.
The global supplychain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supplychain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY. Körber at a Glance…. Körber + Ivalua.
. “It advances the defense logistics framework, enabling exceptional support for global expeditionary missions with efficiency, reliability, and agility.” ” Managed by the Army Contracting Command and Naval Supply Systems Command, WEXMAC 2.0
Amazon Web Services (AWS) is supporting the Government of Pará, Brazil, in designing and deploying SeloVerde (Green Seal) , a cutting-edge tool to address climate change challenges and traceability in deforestation-risk supplychains. SeloVerde 2.1 monitors deforestation by leveraging AI, ML, and open source data on the AWS Cloud.
Leverage Group Purchasing and Cooperative Contracts for Cost Efficiency One of the most effective ways to streamline procurement is by using group/cooperative purchasing contracts. This not only reduces manual labor but also minimizes errors and improves procurement efficiency.
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.
Sub-Tier Supplier Management – The Covid-19 crisis revealed the risk exposure of many organisation’s supplychains due to their suppliers’ suppliers. The new release enables visibility into a supplier’s Sub-tier network so customers can better understand their true supplychain risk.
Businesses must start looking to the supplychain to ensure this renewed focus on transparency and accountability. Importantly, the study demonstrates why more needs to be done across the supplychain to assess and measure green credentials regularly. Measure suppliers on carbon emissions. Taking action today.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. How can you create a more efficientsupplychain and gain a better understanding of overall performance?
On February 12 Ivalua hosted Senior Procurement and SupplyChain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. Lessons from the evening’s discussion: Supplychains have more resources and expertise than any single company.
The pandemic and its aftermath only further exposed the fragility of our supplychains in all parts of the economy. Two prominent procurement laws address supplychains and the industrial base: the Buy American Act (BAA) and the Trade Agreements Act (TAA). Some believe a clarification may be affected via legislation.
In recent years, Körber’s global supplychain management network has been intergrated increasingly into all relevant processes – from product development to requirements processing – due to its significant contribution to the company’s success.
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). Also, proper data analysis can help find potential hazards in the supplychain, sustain continuity, and reduce disruptions.
New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Inventory Efficiency: Improve visibility into stock and process efficiency by defining a distribution scope for each storage location. . Procure-to-Pay.
I will be doing the post on vehicles sometime later this week Contract type 15 - food products, catering and automated vending For food procurement, the text of the Resolution and contract type 15 include a reference to the need to have 'short supplychains'. So what is a 'short supplychain'?
Author: Larry Berglund As part of the assessment on the ability of a supplychain department to deliver value effectively , is its ability to do so efficiently. Many of these factors may not be directly controlled by the supplychain department, such as the ERP system and its ability to leverage digitalized processes.
Leveraging purchasing power to capture volume- based pricing within a competitive supplychain builds sticky relationships with healthy suppliers, keeps input costs low, and acts as a hedge against inflation. The post Working Capital: Leverage Spend to Improve Capital Efficiency appeared first on Ivalua. Is it worth it?
It’s also valuable to have access to the cooperative’s market experts and agile navigation through ongoing supplychain disruptions. The ability to procure the goods and services we need more quickly and efficiently than ever before, especially in emergency situations, has been critical,” says Tigert.
Procurement and supplychain teams will play a crucial role in making this vision a reality. With streamlined processes, purchasing products and services becomes faster, cheaper, and more efficient. It empowers organizations to simplify the procurement process, enhance productivity, and reduce expenses.
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