ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. However, implementing category strategies for successful sourcing and supplier management can be challenging without the right tools.

Procurement 19

Procurement Supply Chain Eprocurement Manufacturing 19

ivalua

MAY 9, 2023

Norway Public Sector Solution Details Jarrod McAdoo Director of Product Marketing Jarrod McAdoo brings over 26 years of procurement experience to Ivalua as a product expert for the Analytics & Insights, Supplier Management, Spend Analysis, and Environmental Impact Center Solutions.

Public Procurement 98

Public Procurement Tender Supplier Procurement 98

ivalua

JANUARY 13, 2016

But one critical area remains in need of significant attention … the need for better supplier collaboration AND internal teamwork. Early collaboration among engineering, sourcing, and suppliers brings better ideas to the table in terms of product design, features, and costs. Suppliers are always looking to hide sources of cost.

Supplier 40

Supplier Collaboration Manufacturing Finance 40

Bonfire

APRIL 3, 2023

Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.

Eprocurement 52

Eprocurement Strategic Sourcing Supplier Bidding 52

ivalua

JUNE 29, 2020

Quite often there can be a general lack of spend and vendor management and strategic sourcing activities. For example, unique workflow and fields in a requisition to capture doctor, patient, product serial numbers & procedure details and route specific product types to specialized buyers/suppliers.

Supply Chain 87

Supply Chain Distribution Strategic Sourcing Quality 87

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). Interestingly, Services organizations actively monitor risk for strategic, direct, IT and onsite suppliers more frequently than manufacturing orgs.

Risk Management 52

Risk Management Management Supplier Supply Chain 52

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Why is visibility so important?

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 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. Taxpayers and legislators demand transparency, and suppliers appreciate it.

Public Procurement 52

Public Procurement Procurement Transparency Supplier 52

ivalua

AUGUST 17, 2021

Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. What is Direct Procurement?

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 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. The Criticality of the Supply Chain (and Suppliers).

Procurement 52

Procurement Supply Chain Supplier Consumer Demands 52

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

SEPTEMBER 2, 2019

Why did these outsiders want to know about our key strategic suppliers? . There is also a discussion of what the guidance calls “concentration risk” – the danger of having too many critical functions delivered by one supplier, meaning that if it fails, there would be serious problems for the customer organisation. .

Procurement 56

Procurement Supplier Management Buyers 56

ivalua

NOVEMBER 18, 2020

The importance of procurement digitalisation goes beyond navigating the impact of COVID-19. Eight-in-ten (81%) UK businesses say it is preventing them from collaborating with suppliers and internal stakeholders, while a further 83% believe it is preventing them from innovating and executing on new revenue streams and opportunities. .

Supply Chain 52

Supply Chain Supplier Collaboration Procurement 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

MARCH 15, 2016

He said he had seen it all in supply base management and had experienced the feeling of victory leaving plenty of blood on the floor in negotiating with suppliers in his day. He cautioned us that this was a slippery slope and “You will all need suppliers to save your butt one day, never forget that”. If it is important, measure it.

Supply Chain 40

Supply Chain Supplier Real-time Visibility Negotiation 40

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

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality.

Supply Chain 40

Supply Chain Supplier Manufacturing 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 to maximize the impact of these and other objectives, Procurement needs to be managing all spend and all suppliers. Yes, cost still matters.

Supply Chain 40

Supply Chain Management Supplier E-procurement 40

ivalua

NOVEMBER 26, 2019

Global automotive component supplier Meritor is a great example. They configured a unique approach to new product introductions (NPI), digitizing their engagement with suppliers, resulting in bringing more products to market faster and with greater profitability, multiplying their stock price over the period. Just how can you do that?

Procurement 40

Procurement Supplier Automotive Strategic Sourcing 40

ivalua

JULY 7, 2020

Be it stronger support or stricter policies around supplier management for sustainability and diversity or more efforts to improve the communities involved in and around a business. Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind. Building Resilience.

Supply Chain 52

Supply Chain Balance Supplier Procurement 52