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4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group study, “ Strengthening the Procurement-IT Partnership Elevating performance and accelerating value ”, July 2020 is one of a series of great reports which seek to provide guidance on what Procurement teams are doing well and on how they can improve. Blending of IT and procurement teams.

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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurement teams to lead the way. Governments worldwide control vast budgets through procurement, giving them the power to: Drive innovation by demanding advanced solutions from vendors.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

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. Help staff sell procurement’s value during recovery.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important? As such, today’s procurement teams must embed ethics into their processes in addition to the conventional focus on a good ROI.

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Ivalua Recongized for Procurement Excellence at Future of Sourcing Awards

ivalua

The Future of Sourcing Awards program, which took place Wednesday, October 16, 2019 , recognized companies and individuals that are transforming, innovating and leading the sourcing, procurement and outsourcing industry. Winners were selected by an independent panel of industry leaders and influencers. ” About Iv alua.

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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

The latter groups have a strong influence on the priorities to be realized and the time frames for their delivery. Leading private sector organizations use ROSMA to look at the value-add by a procurement team but it has applications for public sector as well. This would be reported as: 2,500,000 / 500,000 = 5X.

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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

ivalua

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. About half of U.S.

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