ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua. 212-239-8594.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

JANUARY 27, 2021

27, 2021 /PRNewswire/ — Ivalua, a global leader in Cloud Spend Management solutions, and the International Association for Data Quality, Governance and Analytics (IADQGA) today announced a partnership to improve the use of data in procurement and supply chain decisions. REDWOOD CITY, Calif.,

Quality 52

Quality Supply Chain Data Procurement 52

Tracker Intelligence

NOVEMBER 4, 2024

Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. These agreements take on even greater importance under the Procurement Act 2023, with greater emphasis on transparency, competition and sustainability.

Framework Agreement 52

Framework Agreement Procurement Supplier Tender 52

ivalua

DECEMBER 5, 2019

As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.

Supplier 88

Supplier Innovation Procurement Consumer Demands 88

Oxford College of Procurement and Supply

MAY 28, 2024

As procurement professionals we spend a lot of time categorising our products, services and suppliers. But do we take enough time in understanding how our suppliers see us? By using the Supplier Preferencing Matrix we can start to understand where we fit in the suppliers’ opinions.

Supplier 59

Supplier Supply Chain Procurement Accountability 59

ivalua

FEBRUARY 24, 2021

In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . In this situation, suppliers may start regarding AP team members as adversaries — and that’s a recipe or disaster.

Supplier 52

Supplier Accountability Eprocurement Supply Chain 52

The Procurement ClassRoom

MAY 11, 2024

This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency). It aims to achieve best value for money by balancing life-cycle costs and quality to meet user needs beyond just the lowest initial price.

Public Procurement 98

Public Procurement Efficiency Procurement Management 98

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 Innovation 40

ivalua

APRIL 1, 2019

Supplier information is typically viewed by procurement organizations as one of two things. It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategic sourcing. It does not tell us much about the suppliers.

Supplier 53

Supplier Management Supply Chain Strategic Sourcing 53

American City & Country

NOVEMBER 18, 2024

Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. For instance, instead of conducting lengthy RFP processes, your team can access ready-made contracts with industry leading suppliers.

Purchasing 58

Purchasing Procurement Supplier Supply Chain 58

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

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. What is ABC 2 for supplier segmentation?

Supplier 61

Supplier Supply Chain Manufacturing Import 61

Oxford College of Procurement and Supply

JANUARY 9, 2024

We need to consider quality, lead time, supplier reputation, warranty, maintenance, operational expenses, carriage, insurance, and many more aspects. In summary, evaluate all your suppliers’ quotations against the key areas of importance to your business such as quality, efficiency, or durability.

Price 59

Price Supplier Quality Procurement 59

GovCon Chamber of Commerce

AUGUST 5, 2024

Register in the HHS Vendor Supplier Portal to rise above your competition. The HHS Vendor Supplier Portal HHS awards approximately $30B to government contractors but there are 12 Operating Divisions in HHS and e ach procures their own goods and services independently. Go to SBCX Registration and Click ' Register ' in the top menu.

Government 111

Government Government E-procurement Buyers 111

Tracker Intelligence

SEPTEMBER 30, 2024

This emphasises the importance of being on the right framework agreements for suppliers. For suppliers, securing a position on an essential public sector frameworks list is more important than ever. They enable suppliers to get consistent long-term business options that would have been practically credible without them.

Framework Agreement 52

Framework Agreement Procurement Tender Buyers 52

Select GCR

JULY 9, 2024

In the business and governmental sectors, Request for Information (RFI) notices are commonly used to gather detailed information from potential suppliers, contractors, or service providers. Providing clear and concise introductory information helps suppliers understand the context of the RFI.

Quality 52

Quality Supplier Evaluation Quality Management 52

Scottish Government Procurement

FEBRUARY 1, 2024

‘Participation’ describes how people get involved in decisions which affect or are important to them. It is anticipated that the appointed suppliers will be both organisations operating at a national level and those working within specific communities.

Framework Agreement 78

Framework Agreement Participation Supplier Public Procurement 78

GovSpend

FEBRUARY 29, 2024

Paige emphasized the importance of assessing a vendor’s credibility and reliability using historical data, including which government agencies they’ve worked with and whether they deliver goods and services on time. Verifying Vendors for Credibility and Reliability: The first topic covered was the crucial process of vendor verification.

Procurement 105

Procurement Price Purchasing Bidding 105

ivalua

OCTOBER 18, 2022

While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible. Below, Improve Data Quality. Improve Data Quality. Leaders who delay taking the necessary actions will increasingly find their organizations at a competitive disadvantage.

Transparency 52

Transparency Supply Chain Data Procurement 52

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. What is ABC2 for supplier segmentation?

Supplier 40

Supplier Supply Chain Manufacturing Import 40

Open Contracting Partnership

OCTOBER 11, 2023

We designed a data analysis project to show how public open datasets can be used to uncover important issues and bring public attention to who is supplying what, for how much and whether there are any links between suppliers and high-ranking public officials.

Data 123

Data Corruption Supplier Media 123

Open Contracting Partnership

MARCH 8, 2024

When given opportunities, these businesses excel in delivering quality and innovation. For instance, women producers in Palmira are suppliers for the school meals program and other food provision services. Construction continues to be the second most important industry, and office supplies took the place of food sales.

Government Contracts 80

Government Contracts Leadership Government Government 80

Oxford College of Procurement and Supply

JANUARY 29, 2024

The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost. There is no ultimate right or wrong decision when considering global sourcing.

Global Sourcing 59

Global Sourcing IT Price Supplier 59

How to Crack a Nut

OCTOBER 18, 2023

SCL AI Clauses The SCL AI clauses have a clear commercial orientation and are meant as a starting point for supplier-customer negotiations, which is reflected on the fact that the proposed clauses contain two options: (1) a ‘pro-supplier’ drafting based on off-the-shelf provision, and (2) a ‘pro-customer’ drafting based on a bespoke arrangement.

Supplier 75

Supplier Transparency Negotiation Procurement 75

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. As a result, your suppliers now have a very significant impact on the price and quality of your products, your company’s reputation and ability to innovate, and even the success of the new offerings your company introduces into the marketplace. See below for examples.

Supplier 40

Supplier Total Cost of Ownership Supply Chain Cost of Ownership 40

ivalua

NOVEMBER 29, 2022

A supply chain event can have a massive impact on operations and production quality and leave customers in the lurch, impacting customer satisfaction, revenue, and profits. Surprisingly, competitive sourcing has decreased in 2022, down from 48% to 44%, mainly because of rising prices that put suppliers in the driving seat.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

DECEMBER 1, 2022

TPRM is the process of identifying, analyzing and mitigating risks related to third parties–including suppliers, partners, contracts, service providers, etc). The main categories of risk are covered in Figure 1 to include supply chain, information security, location, CSR or ESG, financials, regulations, quality and reputation.

Risk Management 52

Risk Management Management Supplier Supply Chain 52

Oxford College of Procurement and Supply

JULY 28, 2023

Cost Savings Through spend and supplier panel analysis, AI can deliver cost savings of up to 40%. Quality Improvements By reducing and automating manual tasks, AI helps to ensure consistent standards of quality by limiting the risk of error. It also promotes optimal complaint management and enables better analysis of returns.

Procurement 52

Procurement Procurement Team Supply Chain Quality 52

Select GCR

SEPTEMBER 3, 2024

When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This step is crucial to ensure that the selection of a single supplier is justified as the only available source for a product or service. But what happens when only one supplier can fulfill a specific requirement?

Procurement 52

Procurement Supplier Price Competitive Bidding 52

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Data 52

Data Procurement Quality Supply Chain 52

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. Managing a complex network of direct material suppliers.

Supply Chain 69

Supply Chain Procurement Procurement Team Supplier 69

Tendersinfo

MARCH 24, 2021

The higher the value of the contract higher is the team size hence it important to understand the metrics based on which a bid is successful. Procurement Implementation- It includes activities related to the acquisition, selection of suppliers, contract award, and other activities of contract administration.

Public Procurement 52

Public Procurement Procurement Tender Bidding 52

Select GCR

NOVEMBER 5, 2024

Depending on the industry and project, bid proposals can vary, but the essential elements include: The client’s name Your business details Project description Services provided Pricing estimate Terms and conditions Estimated timeline The competitive bid process aims to secure the best possible quality and price for products and services.

Bidding 52

Bidding Price Quality Budget 52

ivalua

AUGUST 11, 2021

This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. . Why is it Important? This includes understanding who their suppliers are, how they do business and what standards they operate by. Does Responsible Sourcing Pay?

Supply Chain 52

Supply Chain Supplier Ethics Sustainability 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Supplier 52

Supplier E-procurement Supply Chain Purchasing 52

Tracker Intelligence

SEPTEMBER 26, 2024

Introduction to Construction Tenders in the UK For companies that require tenders in order to obtain new contracts, construction tenders are particularly important in the UK. A contractor’s ability to deliver quality work on time and within the budget is often the most important factor considered throughout the tender process.

Tender 52

Tender Bidding Negotiation Price 52

GovSpend

MARCH 18, 2024

Paige emphasized the importance of assessing a vendor’s credibility and reliability using historical data, including which government agencies they’ve worked with and whether they deliver goods and services on time. Verifying Vendors for Credibility and Reliability: The first topic covered was the crucial process of vendor verification.

Procurement 52

Procurement Price Purchasing Bidding 52