ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

Tendersinfo

MARCH 24, 2021

Ultimate Guide to the Insight of Public Procurement Professionals Public Procurement is a multi-staged activity and requires a thorough understanding of each process to be more successful with the bids. Procurement Evaluation- The final phase includes activities like Audit, Evaluation, Contract Award, and Feedback.

Public Procurement 52

Public Procurement Procurement Tender Bidding 52

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Supplier Data Quality & Management in Decision Making.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

Bonfire

AUGUST 19, 2022

With demands on public sector procurement teams increasing all the time, the need for effective RFP collaboration will continue to increase, too. Time management : Inefficient communication and unnecessary extra cycles make it hard to scale procurement operations up to the increasing demands stakeholders make on procurement teams.

Collaboration 52

Collaboration Procurement Team Procurement Demand 52

ivalua

SEPTEMBER 8, 2015

Accenture’s recently published “ Is Yours a Procurement Organization of One? provides a bold look into the near future of procurement organizations. This is a mindset shift for procurement teams, but it should not be such a stretch. Digital platforms and technologies, Accenture emphasizes, are no longer just enablers.

Procurement 59

Procurement Supplier Procurement Team Innovation 59

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. Applications of Procurement Analytics Yet, procurement data analytics is not limited to just cost management.

Efficiency 52

Efficiency Procurement Data Supply Chain 52

Bonfire

MARCH 29, 2022

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Going forward, the agencies that use a patchwork approach are working towards adopting a single tool that will streamline their processes and support procurement success.

Procurement 52

Procurement Eprocurement Purchasing Participation 52

Oxford College of Procurement and Supply

JANUARY 14, 2025

The Oxford English Dictionary defines benchmarking as: Evaluating (something) by comparison with a standard. In procurement, benchmarking involves assessing supplier performance, costs, and processes against industry standards or competitors to ensure you are receiving the best value. The answer lies in benchmarking.

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

American City & Country

AUGUST 28, 2024

Many national and international certifications exist to assist in developing requirements or evaluating proposals with green purchasing components or goals. In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO).

Purchasing 97

Purchasing Sustainability E-procurement Procurement 97

ivalua

NOVEMBER 25, 2020

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

Procurement 52

Procurement Supply Chain Influencing Chief Procurement Officer 52

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy. Conclusion.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

Bonfire

MARCH 24, 2022

I don’t envy the evaluators who had to manually sift through thousands of pages. It would be months before we got the results and by then we had turned down several opportunities to avoid overextending our team. Seeing that real-world impact keeps us motivated to continue supporting procurement teams for years to come.

Eprocurement 52

Eprocurement Public Procurement Procurement Procurement Team 52

ivalua

SEPTEMBER 13, 2021

The study focuses on evaluating the initiatives, approaches, challenges, and effective strategies global business leaders are taking to improve their CSR performance, and sheds light on the role of supply chain operations to overcome the challenges that emerge – after all, how businesses spend their money can help make the world better.

Consulting 52

Consulting Supply Chain Automotive Supplier 52

The Procurement School

SEPTEMBER 15, 2023

However, the greatest overlap is the procurement life cycle or as some refer to it as the Procurement Journey. This two-part series discusses the five steps of the procurement journey beginning with concept and development and continuing with posting, evaluation and award.

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52

American City & Country

SEPTEMBER 24, 2024

The Challenge: Limited Resources, Lengthy Research, and Cumbersome RFP Process The Town of Epping faced a significant challenge in streamlining its procurement operations due to the intricate and heavily regulated nature of government purchasing. This is a widespread issue across government procurement teams.

Purchasing 58

Purchasing IT Supplier Negotiation Efficiency 58

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

Oxford College of Procurement and Supply

SEPTEMBER 8, 2023

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

Ethics 52

Ethics Import Procurement Supply Chain 52

Bonfire

SEPTEMBER 1, 2022

We hosted our first ever Bonfire Procurement Awards reception to honor our clients who are moving mountains in their organizations. Then in our case study session, we heard how public procurement teams are using Bonfire to drive their organizations forward and positively impact the communities they serve.

Public Procurement 52

Public Procurement Procurement Team Procurement Bidding 52

Tracker Intelligence

FEBRUARY 12, 2025

Awarding the Contract The winning supplier is selected based on clear criteria, ensuring fair and competitive procurement. Review and Lessons Learned After completion, procurement teams assess what worked and what could be improved for future projects. E-Procurement It is the digital way of handling public purchasing.

Public Procurement 52

Public Procurement Procurement Supplier Tender 52

Bonfire

APRIL 3, 2023

No collaboration: ERP systems don’t provide support for collaborative procurement, making it difficult for procurement or evaluation teams to work together. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 52

ivalua

JUNE 1, 2022

When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

Oxford College of Procurement and Supply

FEBRUARY 19, 2024

KPIs are key performance indicators and are a way in which procurement professionals can understand and evaluate a supplier’s ability to meet their contractual obligations. The benefits of KPIs are vast and include the fact that it gives the procurement team early indication of any potential issues.

Import 59

Import Procurement Supplier Supply Chain 59

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Procurement teams that leverage the latest technology platforms can empower stores to manage GNFR on their own. About half of U.S.

Retail 52

Retail Procurement Supply Chain Supplier 52

Bonfire

MAY 17, 2022

Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurement teams to foster more diversity in their vendor pool. So how do you create vendor diversity initiatives in your organization?

Supplier 52

Supplier Education Public Private Partnership Procurement Team 52

ivalua

JULY 13, 2022

Michelin Group’s Hélène Vermont joined the discussion to share how applying these practices has propelled her procurement team to emerge as a leader in sustainability a nd Corporate Social Responsibility. Supplier Performance Evaluation. ESG Objectives for Buyers. Reporting: Capturing Sustainability Efforts.

Sustainability 52

Sustainability Buyers Supplier E-procurement 52

ivalua

MARCH 9, 2023

It starts with identifying the right suppliers for a need, sharing requirements and evaluating supplier offers, selecting the most appropriate supplier, negotiating terms and contracting with them to receive goods and/or services. S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers.

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

DECEMBER 18, 2019

Application leaders that support the master data management should work with the Procurement team to establish metrics for tracking data completeness and the frequency of updates. These metrics should be included in a supplier performance management program and this data should be included when evaluating how a supplier is performing.

Supplier 40

Supplier Data Management Procurement 40

ivalua

NOVEMBER 29, 2022

Aside from mitigating risk and saving organizations money, Procurement teams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Inflation Metrics. Delivering Better Visibility Across Suppliers.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

NOVEMBER 29, 2021

For a sourcing professional who may be primarily evaluated by savings and avoidance, ESG can be seen as cumbersome or a competing workstream. This lets the procurement team focus on improving the supply base instead of managing a scoring model. .

Supplier 52

Supplier Sustainability Data Integrity 52

ivalua

AUGUST 16, 2021

In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Evaluate and manage supplier performance. The wave of globalization has made businesses more reliant upon their suppliers than ever before. People and Organization.

Supplier 52

Supplier Management Supply Chain Risk Management 52

Tracker Intelligence

FEBRUARY 16, 2025

The public sector procurement process is meant to guard against corruption, and all bids are supposed to be evaluated on predetermined criteria like quality, price and social value. However, private-sector procurement is much more flexible.

Procurement 52

Procurement Tender Public Procurement Supplier 52

Tracker Intelligence

DECEMBER 30, 2024

Transparent criteria for evaluating social value proposals allow for fair competition among suppliers while keeping them liable for their commitments. Clear policies serve as a roadmap in guiding procurement teams and suppliers toward achieving meaningful and measurable outcomes that benefit society.

Public Procurement 52

Public Procurement Procurement Supply Chain Tender 52

ivalua

MARCH 4, 2016

getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality. After the conference, I happened to follow up with a mid-manager who functioned as a liaison between IT and the Procurement team.

Supply Chain 40

Supply Chain Supplier Manufacturing Strategic Sourcing 40

Tracker Intelligence

DECEMBER 16, 2024

By actively engaging with the SME community, procurement teams can ensure that procurement decisions reflect a financial imperative and the broader goal of supporting a competitive and innovative market environment.

Public Procurement 52

Public Procurement Procurement Tender Framework Agreement 52

ivalua

MARCH 1, 2019

Seeking to light the way on the journey, Procurement Leaders, Covéa and Ivalua joined forces on a recent webinar to inspire Procurement leaders as they boldly go where few Procurement teams have gone before. Have regular meetings with the users and do evaluations in the tool. Here are the key takeaways.

Procurement 45

Procurement Supplier Innovation Chief Procurement Officer 45

Bonfire

NOVEMBER 22, 2022

But the truth is, making a strategic investment in procurement and sourcing can stretch dollars further and help uncover new supplier partners who ensure you’re getting the most value for the money you spend. Berry concurs that the people element is important.

Finance 59

Finance Management Utilities Procurement 59

ivalua

OCTOBER 29, 2019

It is also advisable to establish a change control board for managing post-implementation enhancement requests and evaluations. The implementation team must have the right representation across agencies. Staffing for the core team members and project leadership must flex with the needs of the implementation effort.

Eprocurement 40

Eprocurement Change Management Influencing Procurement 40