This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Meet the Buyer National is hosted by the Supplier Development Programme and partnered by Scottish Government and Scotland Excel. This in-person event provides Scottish businesses with an opportunity to connect with public sector buyers and private sector main contractors, to discuss contract and supplychain opportunities.
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 term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.
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.
In my last blog post, “ Will your supplychain lead in the next decade? ,” I talked about Gartner’s first-day focus at their SupplyChain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supplychain organizations.
The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supplychains across the country. . 131M towards the creation of a National SupplyChain database. 61B to grow research, support U.S. How can Ivalua help?
Redwood City, CA September 2, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged procurement suite for construction and engineering companies. Ivalua has a long history of serving the construction and engineering industries.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.
In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.
One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources.
Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.
But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.
Empowering Procurement and SupplyChain Leaders Across the Globe. Manufacturing clients adopted capabilities that help to launch and deliver more innovative, profitable products faster and better manage associated supply risk, including robust Bill of Materials (BOM) capabilities. Recognized as a Leader by Analyst Firms.
For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.
For product manufacturers, the concept of ‘supply partners’ has changed dramatically in the last 50 years…and they will change more than ever in the next ten. Business models have evolved to a point where suppliers are so important to success that they are now considered an extension of the manufacturer’s enterprise.
Jorge and his team work with the Google data center platforms engineering teams selecting. memory and processor technology and suppliers. supplychain, including supplier selection, negotiation of business and other terms, and. management of quality, cost, and supply. procurement and engineering roles.
Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. What is Direct Procurement?
During that time Jian was also instrumental in creating the company’s manufacturing and supplychain technology strategies and roadmap. Jian has her Doctoral degree in Chemical Engineering and is an APICS certified SupplyChain Professional (CSCP). The post Jian Xu – DC appeared first on Ivalua.
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, SupplyChain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. With its strategic advantage, procurement is poised to be the driving engine in our collective journey towards success!
It generally goes something like this: “If we can promote greater cross-functional teamwork, engage our suppliers more effectively and share important information more broadly, we can improve profitability, get to market faster, serve our customers better, etc.”. At Directworks , we serve manufacturers who build highly engineered products.
12 Responsible Consumption and Production , calls for a systemic approach and cooperation among all stakeholders along the supplychain to achieve sustainable production and consumption patterns. BU arranges for suppliers to take back equipment that has reached the end of its useful life, minimizing waste to the landfill.
Ivalua has been awarded Best Company for Global Culture, Future Outlook, and Engineering, Marketing, and Sales Departments. Vision: Ivalua believes that digital transformation will make supplychains more efficient, sustainable, and resilient, and unlock the power of supplier collaboration.
The Umucyo platform is used by 1194 government agencies down to district hospitals – an increase from just over 200 in 2022 – with more than 13,800 suppliers and 26,800 contracts awarded. Rwanda also introduced sanctions for delayed payments and addressed a common issue of suppliers not submitting all required documents.
This means that the financial benefits that are being missed are quite significant, along with (and maybe more importantly) the non-financial factors, such as reducing supplier risk or utilising supplier innovation to increase performance. The post Delivering Value Through Cross-Function Collaboration appeared first on Ivalua.
The Company combines a global portfolio and world-class resources and system capabilities to deliver a full range of first-class end-to-end Engineering, Procurement and Construction contracting solutions to its valued Customers. understands the importance of working closely with it’s suppliers in support of mutual objectives.
It generally goes something like this: “If we can promote greater cross-functional teamwork, engage our suppliers more effectively and share important information more broadly, we can improve profitability, get to market faster, serve our customers better, etc.”. At Directworks , we serve manufacturers who build highly engineered products.
But the supplier base is shrinking for small businesses, even though more dollars are going there. Or they’re small businesses or providing additional value in this process in the supplychain to drive that base. And there’s been a lot of efforts to consolidate a lot of these suppliers within larger companies.
Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. Advanced Accounts Payable Journey.
Your Engineering group is designing products using powerful 3D modeling and simulation software. It’s high time the SupplyChain and Purchasing teams stop settling and join them. Settling will cause you to lose your edge and fall behind your competition. Here is a good starting point.
Contractors must annually self-certify, either through internal resources or engaging a third party, that these 15 requirements are implemented and enter the results in the Supplier Performance Risk System (SPRS). CMMC Level 3 requires Level 2 compliance as a prerequisite but imposes additional recurring and nonrecurring engineering costs.
And procurement and supplychain is suddenly the top priority for organisations – “I’ve never seen a better opportunity in my life to elevate the stature of procurement”, he said. . Ivalua’s mission is “all spend, all suppliers, no compromises”. The opening keynote came from David Khuat-Duy, founder and CEO.
We fulfill this mission by helping their product stakeholders and direct materials suppliers work together more effectively at every stage of the product lifecycle. If this is true, why are so many manufacturers still using spreadsheets to engage suppliers and manage their direct materials spend?
Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments.
The one caveat here is if a combination product is specifically included in the definition of a construction material – such as engineered wood – this product will qualify as a construction material, not a manufactured product. The Guidance now identifies engineered wood as a separate construction material from “lumber.”
Introduction to Construction Tenders Securing lucrative contracts in the dynamic engineering and construction industry requires an understanding of the tendering process. The bid is the response given by the contractors or suppliers to this request. It defines the project’s requirements, scope, and selection criteria.
Results : About a year after the launch of the new strategies, vendor registration has tripled, with local businesses representing 21% of their suppliers, with 9% women-owned, and 6% minority-owned businesses (from 373 to 1113 registered vendors, as of 20 June). An example of the ION initiative at work.
By driving enterprise growth and job creation, digital trade holds immense potential as an engine of inclusive economic development in Africa. This effort focused on enabling the deployment of Choppies’ state-of-the-art Farmer’s app across its supplier network. Screenshots of the Farmer’s app hosted on AWS.
Contractors should also be aware of the following opportunities that the Government is considering to reduce plastics in the Federal supplychain: The fact sheet touts past Federal accomplishments, including the FSS Single Use Plastics Final Rule that the Coalition commented on in February. SAM dot What??
Emphasizing speed and scale, it outlines the following priorities: resilient supplychains, workforce readiness, flexible acquisition, and economic deterrence, stressing collaboration with government, industry, and allies. The Nasams supplychain involves over a thousand companies across two continents.
GSA Requesting Feedback on Draft SupplyChain Risk Management Questionnaire The General Services Administration’s (GSA) Office of Information Technology Category has developed a supplier assurance questionnaire to gather information regarding cybersecurity supplychain risk management (C-SCRM).
He states, “there may be circumstances where an accommodation can be reached by mutual agreement of the contracting parties, perhaps to address acute impacts on small business and other suppliers[.]” [52] Now, he is getting to the heart of the issue, which is what to do about fixed-price contracts already in existence.
The ongoing bi-partisan support for bolstering domestic sourcing is illustrated no better than through this year’s NDAA, which focuses on expanding the domestic supplychain for materials and supplies critical to the U.S.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content