ivalua

APRIL 8, 2020

Convinced that their sizes and brands will attract suppliers anyway, they entrench themselves behind the gates of rigid procurement processes. This multi-channel strategy tailored to suppliers’ capabilities is what differentiates best-in-class from a peer group as a report from The Hackett Group reveals.

Supplier 59

Supplier Management Buyers Innovation 59

Public Contracting Institute

APRIL 23, 2024

Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project. Risks of firm fixed price contracts Underestimating costs : If the supplier fails to accurately estimate the costs involved, they may end up losing money on the project.

Supplier 52

Supplier Price Ethics Government 52

ivalua

JANUARY 8, 2023

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Procurement teams will need to be prepared and equipped to conduct supplier due diligence to meet the requirements of the act.

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.

Supplier 52

Supplier Management Collaboration Supply Chain 52

ivalua

JULY 28, 2020

Covid-19 amplifies the need for SRPM solutions to better manage suppliers. in “The Forrester Wave : Supplier Risk And Performance Management (SRPM) Platforms, Q3 2020.” Manual processes, typically based on emails and spreadsheets, are ineffective – there are simply too many suppliers, types of risk, and sources of relevant data.

Supplier 10

Supplier Management Ethics Data 10

ivalua

SEPTEMBER 8, 2022

Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. When suppliers are treated as partners, they can be a huge asset in times of trouble. Ivalua Supplier Risk and Performance Management Checklist.

Supplier 52

Supplier Supply Chain Management Warehouse 52

ivalua

DECEMBER 20, 2019

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.

Supplier 40

Supplier Supply Chain Balance Manufacturing 40

Open Contracting Partnership

OCTOBER 11, 2023

The National Anti-Corruption Program , recently approved by the Parliament, gives civil society organizations (CSOs) and media a greater role in preventing corruption and “strengthening an ethical, corruption-free public service.” As a result, we found that: Out of 4,000 suppliers, only ten companies supplied almost 70 percent of the US$1.7-billion

Data 123

Data Corruption Supplier Public Procurement 123

ivalua

AUGUST 21, 2022

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

Procurement Strategies 96

Procurement Strategies Sustainability Procurement Supply Chain 96

Oxford College of Procurement and Supply

MAY 28, 2024

As procurement professionals we spend a lot of time categorising our products, services and suppliers. But do we take enough time in understanding how our suppliers see us? By using the Supplier Preferencing Matrix we can start to understand where we fit in the suppliers’ opinions.

Supplier 59

Supplier Supply Chain Procurement Accountability 59

ivalua

AUGUST 26, 2021

Majority of European suppliers not being asked to prove they protect against labour violations, while 76% of UK suppliers are unprepared for new changes to the Modern Slavery Act. Just half (50%) of European suppliers said they are frequently asked by their buyers to provide proof that they protect against unsafe working conditions.

Procurement Team 40

Procurement Team Supplier Supply Chain Buyers 40

ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .

Supply Chain 52

Supply Chain Supplier Ethics Sustainability 52

Oxford College of Procurement and Supply

FEBRUARY 19, 2024

Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations. KPIs also motivate suppliers.

Import 59

Import Procurement Supplier Supply Chain 59

How to Crack a Nut

JULY 1, 2024

Slowing Down Public Sector AI adoption PROCUREMENT CONFERENCE DAY I am at an industry conference day, there are rows upon rows of supplier stands, and tables covered with branded pens and tote bags. I am reading a leaflet for a contract management portal when I overhear a conversation between a buyer and a supplier. “I says a buyer.

Bidder 52

Bidder Tender Buyers Bidding 52

ivalua

JULY 15, 2021

With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.

Supply Chain 52

Supply Chain Sustainability Supplier Ethics 52

Tracker Intelligence

FEBRUARY 22, 2025

Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

Public Procurement 52

Public Procurement Transparency Procurement Tender 52

Tracker Intelligence

NOVEMBER 20, 2024

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. This knowledge enables procurement professionals to streamline operations, optimize spending patterns, and improve supplier performance.

Efficiency 52

Efficiency Procurement Data Supply Chain 52

Oxford College of Procurement and Supply

JANUARY 29, 2024

The quote that stands out is from an overseas supplier offering a price that is 20% lower than all the home country quotes. It is possible that the supplier cannot speak the language of the procurement organisation, making queries and conversations challenging.

Global Sourcing 59

Global Sourcing IT Supplier Price 59

Tracker Intelligence

DECEMBER 8, 2024

In addition to this, the same study suggests that through spending and supplier analysis, organisations will have the ability to reduce cost processing by 40 per cent. There are several key provisions and objectives of PPN 02/24: Ensuring suppliers disclose the use of AI in the bidding process.

Public Procurement 52

Public Procurement Procurement Ethics Tender 52

ivalua

MARCH 3, 2020

Often, we see suppliers to the enterprise participating in the incubators. On the contrary, Procurement often plays the bad cop role, creating barriers to onboard new and innovative suppliers, asking for endless compliance documents, ending the magic of the incubation. Yet, these initiatives are rarely owned by Procurement.

Procurement 72

Procurement Supplier Collaboration Innovation 72

Tracker Intelligence

NOVEMBER 4, 2024

Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. Tracker Intelligence provides businesses with the tools to find the right public procurement frameworks , and the insight to help suppliers win these valuable contracts.

Framework Agreement 52

Framework Agreement Procurement Supplier Tender 52

Open Contracting Partnership

DECEMBER 8, 2023

It has debarred more than 60 suppliers for violations, and reduced unresolved complaints and canceled tenders. The measures seem to have increased trust in the reforms: more than 20,000 new suppliers have registered, competition is growing across open procurement processes, and supplier diversity is up 27%. in 2020 to 59.7%

Corruption 78

Corruption Collaboration Data Public Procurement 78

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Has past performance exceeded a threshold?

Supply Chain 52

Supply Chain Risk Management Management Supplier 52

ivalua

MAY 6, 2021

These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . For example, today’s software can make recommendations based on past user or supplier behavior. 4) Improve Collaboration.

Procurement 52

Procurement Supply Chain Supplier Collaboration 52

ivalua

NOVEMBER 29, 2021

ESG initiatives significance in your Supplier Management Strategy. How to incorporate ESG data into sourcing, procurement, and supplier management decisions. For example, our integration with Tealbook can make the requirement to discover and include diverse suppliers efficiently as part of the source-to-pay process. .

Supplier 52

Supplier Sustainability Data Integration 52

ivalua

SEPTEMBER 13, 2021

Social and ethical priorities are close behind but still lag. One of the main challenges that is holding organizations back is the inability to effectively assess individual supplier CSR performance and measure supply chain performance. However, only 33% have defined official sustainable policies and targets.

Consulting 52

Consulting Supply Chain Automotive Supplier 52

Scottish Government Procurement

SEPTEMBER 29, 2023

APUC (Advanced Procurement for Universities and Colleges) The Scottish University and College sectors are committed to carrying out all their operations in an environmentally, socially, ethically and economically responsible manner. Our message resounds with positivity and unwavering determination.

Supply Chain 70

Supply Chain Public Procurement Procurement Sustainability 70

ivalua

OCTOBER 25, 2022

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. Lowering due diligence standards can lead to unexpected quality, ethical, or sustainability issues. Ivalua is a leading provider of cloud-based Spend Management software.

Procurement Team 52

Procurement Team Supply Chain Procurement Supplier 52

Tracker Intelligence

DECEMBER 30, 2024

Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Suppliers in the economy are expected to reduce their carbon footprints and demonstrate effective means of maintaining green approaches.

Public Procurement 52

Public Procurement Procurement Supply Chain Tender 52

ivalua

DECEMBER 14, 2020

In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Balancing New Priorities Makes Procurement More Valuable.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

JUNE 1, 2022

By bridging the gaps, Amrest could even start the tendering process earlier with a wider range of suppliers. Suppliers can support company growth as part of the Amrest procurement journey. The level of supplier involvement depends on the category of spend. Engaging strategic suppliers in the process can help mitigate risks.

Finance 52

Finance Supply Chain Procurement Supplier 52

ivalua

MAY 9, 2023

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. The biggest gains in sustainability typically come from working with suppliers rather than finding new ones.

Procurement 52

Procurement Supplier Collaboration Supply Chain 52

Oxford College of Procurement and Supply

SEPTEMBER 24, 2024

Part of our role as Procurement Professionals should be to ensure that the specifications put to us from suppliers, or those created in-house are (1) fit for purpose and (2) thinking about and reflecting good ESG practice. Ensuring that the ingredients, components and labour are ethically sourced and recycled if possible is important.

Procurement 59

Procurement Logistics Sustainability Manufacturing 59

How to Crack a Nut

MARCH 26, 2024

Where AI is likely to be used in the delivery of a service, commercial teams may wish to require suppliers to declare this, and provide further details. It recognises that there ‘are potential benefits to suppliers using AI to develop their bids, enabling them to bid for a greater number of public contracts.

Tender 72

Tender Contract Bidding Supplier 72

The Softly Spark

AUGUST 24, 2023

The company supports traditionally underrepresented suppliers with its newest program, Celebrate Black Makers , featuring products from black-owned businesses. They welcome all suppliers–no matter how big or small. In addition, Wayfair doesn’t charge or take a cut from their suppliers’ sales.

Sustainability 52

Sustainability Supplier Retail Purchasing 52

Oxford College of Procurement and Supply

JULY 17, 2024

From our perspective we can help reduce defects by ensuring we conduct our due diligence on suppliers, set KPIs to manage performance and work closely and cross-functionally with our stakeholders to ensure needs are understood and requisitions are actioned. Think about how LEAN could impact your business.

Inventory 59

Inventory Manufacturing Transportation Transportation 59

ivalua

OCTOBER 24, 2022

Although the majority of procurement teams have not cut corners with their sourcing criteria and suppliers to secure supply in this market, 32% have – which is a huge red flag. . Cutting corners may help procurement teams keep suppliers flowing in a pinch, but it will likely lead to more issues down the road.

Supply Chain 40

Supply Chain Procurement Procurement Team Supplier 40