ivalua

FEBRUARY 8, 2023

Why is visibility so important? Supply chain disruptions are becoming more and more common, so it’s important for businesses to be proactive in mitigating risk. Without a clear understanding of who is responsible for what, approvals can become bogged down, delaying important projects. Set expectations with suppliers.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

ivalua

MAY 9, 2023

Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategic sourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.

Public Procurement 98

Public Procurement Tender Supplier Procurement 98

ivalua

JUNE 29, 2020

Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. To paint a somewhat simple picture: The basics may involve simply building up internal sourcing expertise and addressing basic indirect spend. Establishing processes to identify and capture savings by category.

Supply Chain 87

Supply Chain Distribution Strategic Sourcing Quality 87

Bonfire

APRIL 3, 2023

No support for strategic sourcing: ERP systems don‘t offer support for strategic sourcing, which is critical for optimizing spend and driving savings. They’re not tied in to co-op and piggyback sourcing opportunities, and they can’t bring all your sourcing data together to help you make better purchasing decisions.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 52

ivalua

MAY 15, 2020

Firstly, he said, it is important to get a strong baseline or starting point so you can track progress. He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategic sourcing.

Procurement 52

Procurement Supply Chain Strategic Sourcing Category Management 52

ivalua

APRIL 1, 2019

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. Procurement knows supplier information is useful and important, and that it needs to be cleansed and standardized after we collect it.

Supplier 53

Supplier Management Supply Chain Strategic Sourcing 53

ivalua

DECEMBER 1, 2022

This is precisely where organizations see the benefits of a TPRM program built into or working seamlessly with a Strategic Sourcing or Source-to-Pay solution. The importance of a single supplier database and a 360 degree view of all information and activity is often underestimated. Figure 4: Most Used TRPM Tools .

Risk Management 52

Risk Management Management Supplier Supply Chain 52

Bonfire

MARCH 17, 2023

Our panelists included: Hend Salem , Manager of Strategic Sourcing – Non Clinical at The Ottawa Hospital Carol Izzio , Director of Procurement at Sheridan College Christine McParland , Director of Residence and Ancillary Services at St. Does leadership have a process for enforcing policies? Everyone has to buy in.”

Risk Management 52

Risk Management Procurement Management Strategic Sourcing 52

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. Can the software grow with you as your needs change? Procurement processes shouldn’t be considered set in stone.

Public Procurement 52

Public Procurement Procurement Transparency Supplier 52

ivalua

JUNE 1, 2022

Why is visibility so important? It’s really important to take this into consideration as part of your TCO calculations.” Kunnummal added that redundancy is now more important than ever. I’d love to have two suppliers for the same part, but there’s always a cost to having an alternative source,” he said.

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

MARCH 16, 2021

Why is visibility so important? It’s really important to take this into consideration as part of your TCO calculations.” Kunnummal added that redundancy is now more important than ever. I’d love to have two suppliers for the same part, but there’s always a cost to having an alternative source,” he said.

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

ivalua

AUGUST 17, 2021

Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

Bonfire

MARCH 24, 2022

Whether through our Open Community Projects , Inside Public Procurement podcast , Strategic Sourcing blog , or virtual events and user meet-ups, we’re dedicated to building a community that promotes and celebrates excellence in public procurement. Driving impact with eProcurement. Celebrating our clients.

Eprocurement 52

Eprocurement Public Procurement Procurement Procurement Team 52

ivalua

JANUARY 13, 2016

When incorporated into an efficient strategic sourcing process, collaboration can result in better visibility into total costs and a better negotiation position. Strategic suppliers understand that providing supply chain visibility is a much desired value, and see collaboration as an opportunity to build better relationships.

Supplier 40

Supplier Collaboration Manufacturing Finance 40

The Procurement School

JUNE 25, 2023

demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategic sourcing from a category management perspective. where do public sector procurement rules come from?

Procurement 52

Procurement Public Procurement Thresholds Transparency 52

ivalua

JANUARY 31, 2022

CPO’s and CFO’s will join forces to combat inflation and supply risk, supply assurance will be perceived as more important than price, convenience and customer service gaining significant popularity, and vigilance against commodity and supply market manipulation will be critical. #3. What can we expect in 2022? More on that here.

Procurement 52

Procurement Supply Chain Supplier Consumer Demands 52

ivalua

JULY 7, 2020

Resiliency has always been an important business strength but naturally during times of crises, there is more focus on this. Technologies such as strategic sourcing, procure-to-pay or full source-to-pay that are instrumental in managing spend must empower versus limit. Building Resilience.

Supply Chain 52

Supply Chain Balance Supplier Procurement 52

ivalua

MARCH 15, 2016

It is important for everyone to make a profit and if you make it impossible to do so, suppliers will find other customers—your competition. If it is important, measure it. He cautioned us that this was a slippery slope and “You will all need suppliers to save your butt one day, never forget that”. Tha-Tha-That’s all Folks!

Supply Chain 40

Supply Chain Supplier Real-time Visibility Negotiation 40

ivalua

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. The latter is of particular importance since second sourcing can often be very expensive in this sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies.

Supply Chain 40

Supply Chain Supplier Manufacturing Strategic Sourcing 40

ivalua

NOVEMBER 18, 2020

The importance of procurement digitalisation goes beyond navigating the impact of COVID-19. However, for digitised procurement functions, COVID-19 caused less disruption, with a McKinsey study finding that businesses who had moved further and faster before the crisis significantly outpaced those who took a reactive approach. .

Supply Chain 52

Supply Chain Supplier Collaboration Procurement 52

ivalua

SEPTEMBER 2, 2019

In that brief run-through, which covers just some of the key guidance, one important point may have struck you already. This is sensible advice, and really, it could apply to almost every organisation, type and category of Procurement I can imagine.

Procurement 56

Procurement Supplier Management Buyers 56

ivalua

DECEMBER 18, 2019

The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.

Supplier 59

Supplier Eprocurement E-procurement Integration 59

ivalua

MAY 6, 2020

The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.

Supplier 52

Supplier Eprocurement E-procurement Integration 52

ivalua

NOVEMBER 26, 2019

The Importance of Ambition. Leaders need to be more ambitious if they are to truly establish Procurement as a source of strategic value. If you are getting started, you are likely looking to start with technology to address a specific process ( Strategic Sourcing or P2P for example). Just how can you do that?

Procurement 40

Procurement Supplier Automotive Strategic Sourcing 40

ivalua

MAY 1, 2020

Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives. And 91% of advanced organizations managed all spend via category management and strategic sourcing processes vs. 16% of beginners.

Supply Chain 40

Supply Chain Management Supplier E-procurement 40

Federal News Network

AUGUST 1, 2024

Mike Smith, a former director of strategic sourcing at DHS and now executive vice president at GovConRx, said with the successes of the DHS and other pilots, he hoped the FAR Council would take up this project and support CPARs reforms. But if everyone is rated satisfactory, then CPARs has little to no real value.”

Evaluation 95

Evaluation Bidding Contract Data 95

The Coalition for Government Procurement

SEPTEMBER 19, 2024

During the Coalition’s Cybersecurity Symposium: The Cyberside Chat last week, Stacy Bostjanick, DoD’s Chief of Industrial Base Cybersecurity, emphasized the importance of CUI training. However, a recent report from the Government Accountability Office (GAO) highlighted the importance of improving data collection in these spaces.

Price 52

Price Supply Chain Logistics Procurement 52

Mike Purdy's Public Contracting

APRIL 10, 2016

I think the publication of Lourdes Coss' book is one of those important events that people should be aware of. I know Lourdes and think very highly of her. I am still doing some consulting and training, but am trying not to take on too many commitments so I can focus on my interest in writing and speaking on presidential history.

Procurement 130

Procurement E-procurement Bidding Evaluation 130

The Coalition for Government Procurement

JANUARY 16, 2025

This focus on government efficiency provides an important opportunity for a holistic review of the procurement system. Army contracts: the Information Technology Enterprise Solutions 3 Services (ITES-3S) and the Responsive Strategic Sourcing for Services (RS3).

Procurement 40

Procurement Thresholds Professional Services Efficiency 40

The Coalition for Government Procurement

NOVEMBER 9, 2023

This week, the Coalition, along with other industry associations, met with OMB and the Office of Federal Procurement Policy (OFPP) to discuss a number of important topics, including the BCI. The Coalition looks forward to continuing the dialogue with OMB and OFPP on this important initiative.

E-procurement 52

E-procurement Supply Chain Telecommunication Contract 52