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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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4 ways IT & Procurement team collaboration increases resilience

ivalua

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.

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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. Unfortunately, this is not usually the case.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

It involves a set of principles which guide a company to proactively eliminate unethical practices throughout its supply chain. Ethical procurement requires a company to understand its societal obligations, expectations and social responsibility. Why is Ethical Procurement Important?

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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. Rethink What’s Normal.

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Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and Supply Chain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.

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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

Author: Larry Berglund As part of the assessment on the ability of a supply chain department to deliver value effectively , is its ability to do so efficiently. The latter groups have a strong influence on the priorities to be realized and the time frames for their delivery. This would be reported as: 2,500,000 / 500,000 = 5X.