The Procurement ClassRoom

NOVEMBER 23, 2024

Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way.

Procurement 59

Procurement Supply Chain E-procurement Public Procurement 59

ivalua

JANUARY 8, 2023

Export and import of certain hazardous wastes. For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. The new set of regulations add an additional layer of compliance and risk management to the procurement process.

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

American City & Country

SEPTEMBER 18, 2024

Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” No question, government procurement is different from acquisitions outside the public sector, Cunningham believes.

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

ivalua

MAY 31, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Supplier 98

Supplier Supply Chain Procurement Team Tender 98

ivalua

FEBRUARY 8, 2023

Why is visibility so important? 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. Set expectations with suppliers.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

ivalua

JANUARY 29, 2021

Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” . The feedback from the survey was that process adaption and change management are the most important factors.

Supplier 78

Supplier Supply Chain Procurement Team Risk Management 78

ivalua

JUNE 4, 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. Managing a complex network of direct material suppliers.

Supply Chain 69

Supply Chain Procurement Supplier Procurement Team 69

ivalua

SEPTEMBER 25, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

Procurement 75

Procurement Procurement Team Supply Chain Finance 75

Scottish Government Procurement

DECEMBER 12, 2024

Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurement teams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurement teams continue to deliver.

Public Procurement 48

Public Procurement Procurement Supply Chain E-procurement 48

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 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Governmental support will also be an important factor.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 52

Oxford College of Procurement and Supply

JULY 28, 2023

AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data. They can then identify the most relevant and appropriate AI solutions.

Procurement 52

Procurement Procurement Team Supply Chain Quality 52

ivalua

SEPTEMBER 24, 2020

“Over the last decade, the role of procurement has transformed from one of cost-cutter to a vital ally that can help inform and enable a business’s strategy. However, for too long, procurement has been seen as a digital laggard, with technology adoption trailing behind other departments.

Procurement 12

Procurement Supply Chain Procurement Team Finance 12

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

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. Hence it is important to put your best foot forward and put across your best potential to the procurement team.

Public Procurement 52

Public Procurement Procurement Tender Bidding 52

ivalua

AUGUST 19, 2021

Historically, so much of what Procurement teams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.

Procurement 52

Procurement Procurement Team Supplier Electronics 52

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 52

Collaboration Automotive Supplier Procurement Team 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

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.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

MARCH 16, 2022

The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world. Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Procurement Priorities. Catalyst for Change.

Procurement 52

Procurement Risk Management Supplier Procurement Team 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. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

MAY 9, 2023

Norway and Public Procurement Adoption One interesting observation to note–several private companies in Norway have adopted the public procurement methodology, not out of necessity, but because it makes sense.

Public Procurement 98

Public Procurement Tender Supplier Procurement 98

ivalua

JUNE 26, 2023

Steve discussed how Procurement teams are in a unique position to drive sustainable initiatives within their organizations and the steps they need to take to drive these changes. The symposium emphasized the importance of data management to track ESG metrics and ensure compliance with regulations.

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

ivalua

OCTOBER 28, 2022

There will be unique challenges public procurement teams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Why is modernizing these processes and tools so important? . A Path Forward.

Public Procurement 52

Public Procurement Procurement Procurement Team Bidding 52

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

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

ivalua

MARCH 30, 2022

Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. . Why is Supplier Information so important?

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

OCTOBER 13, 2022

A new report, “Data-Enabled Supply Chain Transparency” has revealed that 77% of respondents indicated their organization considers supply chain transparency to be critically or highly important. Most organizations continue to suffer from severely limited visibility in the lower levels of their supply chains.

Supply Chain 52

Supply Chain Transparency Procurement Procurement Team 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

ivalua

APRIL 12, 2019

Soft skills and leadership are key enablers for procurement teams and are as important as technological competence. Noël is looking to have non valuable tasks automated and pointed out that this could benefit not just the procurement team but the total supply chain.

Supplier 70

Supplier Capacity Procurement Team Procurement 70

ivalua

JUNE 11, 2023

Finance leaders will need to work closely with sustainability or Procurement teams to ensure accurate and comprehensive reporting across both dimensions. This allows Procurement and Supply Chain departments an important opportunity to contribute to corporate sustainability goals.

Supply Chain 98

Supply Chain Finance Procurement Sustainability 98

ivalua

APRIL 11, 2022

This exciting project provides TELUS’ employees with the ability to purchase everything they need to support their business through an easy-to-use and optimized procurement experience, ” said Dan Amzallag, COO of Ivalua.

Procurement 52

Procurement IT Buying Process Consulting 52

ivalua

OCTOBER 18, 2022

By taking steps now to improve supply chain visibility, procurement teams can position their organizations for success in the years to come. With the right team in place, you’ll be able to make full use of your supply chain data and unlock the insights you need to improve visibility and drive better decision-making.

Transparency 52

Transparency Supply Chain Data Procurement 52

VWV

NOVEMBER 3, 2023

It is important to note that until the new Act goes live, the existing legislation will continue to apply, and any procurements started before then will continue to be governed by the old regime. Early 2024 - Publication of secondary legislation and response to the consultation process on the secondary legislation. How to prepare?

Public Procurement 52

Public Procurement Procurement Thresholds Procurement Team 52

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. This factor might be included as an important score in the overall evaluation rating scale.

Purchasing 97

Purchasing Sustainability E-procurement Procurement 97

ivalua

SEPTEMBER 13, 2021

We believe the study has reinforced the importance of CSR to business results and how much further most businesses have to go. The most effective strategy for improving sustainability was providing suppliers with more flexibility in how they meet requirements, followed by digitizing supplier collaboration. “We

Consulting 52

Consulting Supply Chain Automotive Supplier 52