ivalua

OCTOBER 7, 2015

From the moment that manufacturers began outsourcing the making of parts and components that go into their products, supplier segmentation took on extreme importance. Suppliers were quickly categorized in many ways… by quality, performance, price, riskiness, and so on. Thus, manufacturers need to adopt an ABC2 approach.

Supplier 40

Supplier Supply Chain Manufacturing Import 40

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools.

Procurement 19

Procurement Supply Chain Eprocurement Manufacturing 19

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Supplier Data Quality & Management in Decision Making.

Supply Chain 69

Supply Chain Procurement Supplier Procurement Team 69

ivalua

MARCH 30, 2022

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

JANUARY 13, 2016

As manufacturing executives continue to chart the future course of their companies, they often focus on reinventing the production line, improving the speed of innovation, evolving the skill sets of their labor force, achieving operational excellence, and so forth. Research has shown that target launch margins improve, increasing NPI success.

Supplier 40

Supplier Collaboration Manufacturing Finance 40

ivalua

SEPTEMBER 8, 2022

Essentially every company that manufactures goods today depends on other companies to supply the raw or value-added materials that go into their finished products. Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties.

Supplier 52

Supplier Supply Chain Management Warehouse 52

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. Your suppliers can be a competitive advantage or a burden that keeps you from growing.

Supplier 40

Supplier Total Cost of Ownership Supply Chain Cost of Ownership 40

ivalua

NOVEMBER 11, 2015

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.

Manufacturing 40

Manufacturing Supply Chain Supplier Purchasing 40

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

Tracker Intelligence

AUGUST 30, 2024

The opportunity for suppliers is to be active and willing participants in helping the public sector and contracting authorities to achieve its goals. It’s often suppliers who bring the innovations and fresh approaches, so it’s a fantastic opportunity to showcase what you can do. “It What can suppliers do?

Supplier 52

Supplier Supply Chain Sustainability Public Procurement 52

ivalua

MARCH 16, 2020

For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. The goal was to increase efficiency across the Group’s Business Areas.

Supply Chain 19

Supply Chain Procurement E-procurement Supplier 19

ivalua

OCTOBER 21, 2015

This concept of complacency has always applied to the manufacturing industry, but it is especially relevant in this era of disruptive innovation and shorter product lifecycles. If you work in sourcing or supplier management, you need to ask yourself: is complacency killing my business? Some manufacturers, however, are not complacent.

Supplier 40

Supplier Manufacturing Innovation Purchasing 40

ivalua

DECEMBER 5, 2019

Businesses more reliant than ever on suppliers as the pace of innovation increases, but two-thirds view their relationships as primarily transactional. The research , conducted by Vanson Bourne on behalf of Ivalua, found that 60% of UK businesses say they consider the role of suppliers important when it comes to driving innovation.

Supplier 9

Supplier Innovation Collaboration Supply Chain 9

ivalua

MAY 9, 2023

Norway Public Sector Solution Details Jarrod McAdoo Director of Product Marketing Jarrod McAdoo brings over 26 years of procurement experience to Ivalua as a product expert for the Analytics & Insights, Supplier Management, Spend Analysis, and Environmental Impact Center Solutions.

Public Procurement 98

Public Procurement Tender Supplier Procurement 98

ivalua

MARCH 29, 2019

Whilst remembering those are still important aspects of the role, we need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. Procurement can really come into its own by supporting that supplier-driven innovation and improvement.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

Inside Government Contracts

DECEMBER 14, 2023

Semiconductor manufacturers — as well as manufacturers of materials and equipment used to make semiconductors — that seek to take advantage of the incentives established by the CHIPS Act are likewise required to follow the prevailing wage requirements of the DBA.

IT 130

IT Thresholds Manufacturing Bidding 130

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The decision making process used to select suppliers must be fact-based and driven by a rigorous analytical approach. Supplier selection is more critical than ever.

Strategic Sourcing 58

Strategic Sourcing Total Cost of Ownership Cost of Ownership Supplier 58

ivalua

SEPTEMBER 29, 2015

This week we announced the launch of Directworks 2.0 , our new sourcing and supplier management platform. We believe that selecting and effectively managing the right supply partners is vital to the success of any manufacturer. The user interface and experience was very important to our new platform design.

Manufacturing 69

Manufacturing Supplier Collaboration Purchasing 69

ivalua

DECEMBER 1, 2022

The results were segmented to isolate perspectives for both manufacturing and services-based organizations, here we’ll focus on the later. . TPRM is the process of identifying, analyzing and mitigating risks related to third parties–including suppliers, partners, contracts, service providers, etc).

Risk Management 52

Risk Management Management Supplier Supply Chain 52

ivalua

APRIL 23, 2021

At a recent roundtable with The Manufacturer magazine, the benefits of cross functional collaboration for procurement was raised as a discussion point for the session. . Within manufacturing organisations direct spend is often a large % of spend, up to 80% with indirect being the remainder.

Collaboration 52

Collaboration Automotive Supplier Procurement Team 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

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

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

DECEMBER 14, 2020

It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. Balancing New Priorities Makes Procurement More Valuable.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

NOVEMBER 19, 2015

If you happen to be a strategic sourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. For example, bad supplier choices can hurt your company’s reputation, lead to production line shutdowns, and contribute to loss of profits. Leverage their knowledge.

Strategic Sourcing 49

Strategic Sourcing Supply Chain Manufacturing Price 49

ivalua

APRIL 17, 2023

Scalability Scalability is another important consideration when choosing a procurement software solution. At Ivalua, we understand the importance of having a single source of truth for your data. Taxpayers and legislators demand transparency, and suppliers appreciate it. Can the software grow with you as your needs change?

Public Procurement 52

Public Procurement Procurement Transparency Supplier 52

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. 67% of respondents say it is limiting their ability to gain insights into spend and supplier management. please visit: [link]. About the study. About Ivalua. 0207 436 0420.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

SEPTEMBER 26, 2016

There is a lot of talk these days about the benefits of collaboration for manufacturers. These systems were designed for accomplishing functional-specific activities like product design, supplier quoting, materials ordering, (slowly) paying invoices, etc. At Directworks , we serve manufacturers who build highly engineered products.

Collaboration 45

Collaboration Supply Chain Supplier Manufacturing 45

ivalua

NOVEMBER 23, 2020

Even so, the experience of the past eight months has driven home some important lessons about procurement – both strengths and weaknesses – that are likely to apply well past the time that the virus itself finally subsides. Most have little understanding of who is supplying their suppliers or those suppliers’ suppliers.

Supply Chain 52

Supply Chain Supplier Risk Management Evaluation 52

Tracker Intelligence

NOVEMBER 14, 2024

Effective procurement practices allow the establishment of a closed-loop circular supply chain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.

Sustainability 52

Sustainability Procurement Supply Chain E-procurement 52

Oxford College of Procurement and Supply

JULY 17, 2024

This approach was first implemented in manufacturing in the 1950s after the Second World War. LEAN can be used for tangible or intangible procurement and although widely associated with manufacturing, it does not have to be. Do the minimum necessary to allow functionality but how the finish is may not be important.

Inventory 59

Inventory Manufacturing Transportation Transportation 59

American City & Country

AUGUST 28, 2024

As environmental issues have become more important to governments and administrations within the last few decades, it has gotten easier to identify ways to leverage purchasing to support these goals. BU arranges for suppliers to take back equipment that has reached the end of its useful life, minimizing waste to the landfill.

Purchasing 97

Purchasing Sustainability E-procurement Procurement 97

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. When the time is right and you’ve been able to automate much of the source-to-pay process, then you can engage in more supplier collaboration and innovation activities.

Supply Chain 87

Supply Chain Distribution Strategic Sourcing Quality 87

ivalua

MARCH 31, 2020

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. Without an intact supply chain, a manufacturing business will starve for key inputs into its production process. But recovery may be fragile.

Supply Chain 52

Supply Chain Retail Manufacturing Supplier 52

ivalua

SEPTEMBER 13, 2021

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. We believe the study has reinforced the importance of CSR to business results and how much further most businesses have to go. “We

Consulting 52

Consulting Supply Chain Automotive Supplier 52

Public Contracting Institute

OCTOBER 4, 2024

These rules are important because they affect things like taxes and which products can be used in government projects. It’s also important for anyone interested in how international trade works. This is important because it helps businesses know what to expect when they trade with other countries. It ensures that the U.S.

Supply Chain 52

Supply Chain Government Contracts Manufacturing Import 52

ivalua

NOVEMBER 7, 2019

Enhancements enable manufacturers to launch more profitable, successful products. Ivalua counts many of the world’s leading manufacturers as customers, including Whirlpool, Michelin, Flex, Chassis Brakes International, Danieli, Hutchinson, to name a few.

Innovation 9

Innovation Management Quality Automotive 9