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Why is visibility so important? Procurementteams 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.
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.
“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. About the study.
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. About the study. About Ivalua.
Scalability Scalability is another important consideration when choosing a procurement software solution. Procurement processes shouldn’t be considered set in stone. At Ivalua, we understand the importance of having a single source of truth for your data. Can the software grow with you as your needs change?
Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, directly highlighting the impact of US tariffs on UK supply chains. For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance.
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