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Similarly, companies can also choose to purchase products and materials that are manufactured in an environmentally responsible manner, such as products made from recycled materials or certified organic ingredients. This reduces the amount of greenhouse gasses released into the atmosphere, helping to reduce global warming.
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Finally, Ivalua’s eProcurement solution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements. Doug has a B.S.
Ivalua, a global leader in spend management , and its partner Axys Consultants today announced that Hutchinson has selected Ivalua’s eProcurement software to expand the scope of its currently implemented solution and meet its evolving procurement requirements.
Just-in-time demand signals can be triggered at the manufacturing plant using Internet of Things (IoT) devices to put re-orders into motion or alert teams of late deliveries. Jones said organizations may have to rethink their relationship with suppliers, as well. Chassis Brakes and Meritor Digitally Transform with Ivalua.
A couple of weeks ago, ISM and Spend Matters had their first Eprocurement Technology Summit in Baltimore, Maryland on the Inner Harbor. Manufacturers and their strategic suppliers are realizing that they need to change their thinking and the way they do business. I attended with a few colleagues from Directworks.
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