ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. 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 Manufacturing Supplier Procurement Team 52

ivalua

JULY 8, 2020

As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supply chain pose a real threat, especially in a time of crisis.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

OCTOBER 13, 2022

The majority of organizations consider supply chain transparency to be a top priority, however less than a third are satisfied with the level of visibility into their suppliers. 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

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. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. About the study.

Procurement Team 52

Procurement Team Supply Chain Procurement Supplier 52

ivalua

DECEMBER 3, 2021

Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Businesses must start looking to the supply chain to ensure this renewed focus on transparency and accountability. However, the required effort extends well beyond the four walls of an organization.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52

Oxford College of Procurement and Supply

SEPTEMBER 8, 2023

Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. What is Ethical Procurement? Why is Ethical Procurement Important?

Ethics 52

Ethics Import Procurement Supply Chain 52

Oxford College of Procurement and Supply

FEBRUARY 19, 2024

KPIs need to be created with the understanding of what is important to the business, what information can add value and with consideration on how the information required can be gathered. Looking at KPIs in a more strategic manner, it is important to try and relate them to the organisation’s strategy, vision and mission.

Import 59

Import Procurement Supplier Supply Chain 59

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. We’ve seen conflict across the world, which affects our supply chains. This has been by design.

Public Procurement 48

Public Procurement Procurement Supply Chain E-procurement 48

ivalua

JULY 21, 2020

Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. Blending of IT and procurement teams.

Procurement Team 52

Procurement Team Collaboration Procurement IT 52

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

MARCH 4, 2016

The latter is of particular importance since second sourcing can often be very expensive in this sector. Listening to all of the talks by industry leaders led me to a glaring conclusion—the critical role that technology plays in supply chain and sourcing is the giant elephant in the room that no one was talking about, but everyone could see.

Supply Chain 40

Supply Chain Supplier Manufacturing Strategic Sourcing 40

ivalua

JUNE 16, 2021

The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supply chain chaos. MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Enter eProcurement.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 52

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply Chain 40

Supply Chain Management Supplier E-procurement 40

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. please visit: [link]. About the study.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

MARCH 30, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

OCTOBER 18, 2022

In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made.

Transparency 52

Transparency Supply Chain Data Procurement 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. When Covid-19 hit, supply chains across the globe nearly came to a halt.

Procurement 52

Procurement Supply Chain Influencing Chief Procurement Officer 52

ivalua

SEPTEMBER 25, 2020

Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. More than eight-in-ten (84%) UK businesses believe that the skill set required of procurement professionals has shifted from procurement-first to digital-first.

Procurement 75

Procurement Procurement Team Supply Chain Finance 75

ivalua

SEPTEMBER 24, 2020

Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. More than eight-in-ten (84%) UK businesses believe that the skill set required of procurement professionals has shifted from procurement-first to digital-first. About the study.

Procurement 12

Procurement Supply Chain Procurement Team Finance 12

ivalua

NOVEMBER 29, 2022

The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation. When it comes to supply continuity, being proactive about mitigating disruptions is essential, yet many procurement organizations may still lack sufficient resources. Risk Metrics.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

SEPTEMBER 22, 2022

Through our sponsored Forrester research and experience working with hundreds of the world’s most admired brands, we have established several key strategies to create a more resilient supply chain: 1. Map Your Sub-tier Supply Chain. The supply chain is the lifeline of companies and the backbone of the business process.

Supply Chain 52

Supply Chain Supplier Collaboration Data 52

ivalua

JUNE 29, 2022

Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Businesses must start looking to the supply chain to ensure this renewed focus on transparency and accountability. However, the required effort extends well beyond the four walls of an organization.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 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

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 13, 2021

35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. 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

ivalua

JUNE 27, 2022

With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supply chain. . Why is this new C2FO partnership important? Does the C2FO partnership have an impact on the supply chain? It Pays to Partner!

Supply Chain 52

Supply Chain Buyers Supplier IT 52

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ There are exceptions to every rule, and that rule just doesn’t work.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Disruptions in global supply chains, labor market shortages, strong consumer demand. The Criticality of the Supply Chain (and Suppliers). What can we expect in 2022?

Procurement 52

Procurement Supply Chain Supplier Consumer Demands 52

American City & Country

AUGUST 28, 2024

12 Responsible Consumption and Production , calls for a systemic approach and cooperation among all stakeholders along the supply chain to achieve sustainable production and consumption patterns. calls for the promotion of “public procurement practices that are sustainable, in accordance with national policies and priorities.”

Purchasing 97

Purchasing Sustainability E-procurement Procurement 97

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

MAY 11, 2021

Bashar El-Jawahari, PwC’s Middle East Procurement and Supply Chain Leader, explored the findings unique to the region. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset. PwC defines six stages, from “beginner” all the way to “Procurement 4.0.”

Risk Management 52

Risk Management Supply Chain Procurement Management 52

ivalua

NOVEMBER 18, 2020

For procurement and supply chain professionals, the biggest takeaway from 2020 is that no matter how hard you try, you cannot predict the future. COVID-19 disrupted supply chains on an unprecedented scale, and businesses became much more reliant on procurement teams to help mitigate the impact. .

Supply Chain 52

Supply Chain Supplier Collaboration Procurement 52

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

Procurement 52

Procurement Supply Chain Supplier Collaboration 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

JULY 26, 2022

Effective solutions offer a single supplier record for a 360-degree view, with 3rd party ESG information seamlessly integrated, and the ability to extend access to suppliers to directly enter their suppliers to map the full supply chain. To tackle climate change and other ESG-related challenges, we need procurement to rise up again.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52