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Big data is more than a buzz term, and if you are a strategicsourcing professional, it is a concept that should not be ignored. Big data is about synthesizing and making sense of information — better and quicker than your competition. Creating and sharing information is fast and cheap.
Strategicsourcing is a contemporary approach to supply chain management. It formalises the gathering, analysis and application of information to assist companies in aligning their purchasing strategy with their goals and securing the best possible value. What is strategicsourcing?
So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. If Procurement follows a StrategicSourcing process flow like a checklist, then all StrategicSourcing projects will start and end in the same way.
billion multiple-award indefinite-delivery/indefinite-quantity contract to deliver information technology products and services to the Federal Aviation Administration’s Office of Information and Technology Services. Fourteen companies have secured spots on a $2.4
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process. For more information visit www.punchpowertrain.com.
Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS.
Leidos has expanded its leadership team with the appointment of Heather Scheuerman as vice president of strategicsourcing and Sashi Ravipati as VP of capability integration.
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 strategicsourcing.
the ‘Trusted Source of Supplier Data’ today announced a new partnership to provide a seamless experience between Ivalua’s Source-to-Pay Platform and Tealbook’s Supplier Intelligence Platform. With Tealbook, customers can now access an “always-on” source of quality supplier data.
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
The strategicsourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?
Source: Governmentwide Category Management Dashboard via General Services Administration Thats a far cry from where things stood in 2014, when it was more of a norm for multiple federal agencies to have similar contracts for identical purchases, sometimes from the same vendor and sometimes without realizing it.
The National Science Foundation seeks to inform industry regarding the upcoming Unified Network for Innovative Technology and Engineering, or UNITE, blanket purchase agreement procurement opportunity and has issued a draft solicitation for the strategicsourcing effort.
in Information Sciences in June 2022. Close FutureG, OUSD(R&E), USMC Ben Camerlin × Ben Camerlin SATCOM Program Manager Ben Camerlin is the Mobility and Satellite Communications (SATCOM) Program Manager in the Office of Enterprise Technology Solutions, Information Technology Category (ITC), Federal Acquisition Service (FAS).
For more information on Ivalua’s Solutions please visit: Learn More About Ivalua. Ivalua StrategicSourcing. I valua Complete Source to Pay. Eric Seah, Sales Director APAC. Louis Wong, Solutions Consulting, APAC. IvaluProcure to Pay.
Across this supply chain there is typically a lack of visibility due to siloed information and data. Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. This becomes even more complex due to the high amount of clinical variation which drives up costs and complexity.
Featured Speakers: Ben Camerlin × Ben Camerlin SATCOM Program Manager Ben Camerlin is the Mobility and Satellite Communications (SATCOM) Program Manager in the Office of Enterprise Technology Solutions, Information Technology Category (ITC), Federal Acquisition Service (FAS). Mark began his career in 1991 when he joined the U.S.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business. Get the right talent in place.
“Clearly, there was insufficient market research conducted to understand how many contractors would propose, and how fully qualified they would be based on the selected source selection strategy,” said Mike Smith, former director of strategicsourcing at the Homeland Security Department and now executive vice president at GovConRx.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategicsourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.
in Information Sciences in June 2022. Close FutureG, OUSD(R&E), USMC Ben Camerlin × Ben Camerlin SATCOM Program Manager Ben Camerlin is the Mobility and Satellite Communications (SATCOM) Program Manager in the Office of Enterprise Technology Solutions, Information Technology Category (ITC), Federal Acquisition Service (FAS).
“We’d like to thank FCL for their trust and our partners for a rapid deployment of this innovative solution that helps avoid supply disruptions in times of crisis, improve the quality and efficiency of savings from strategicsourcing, but also drives supplier innovation and enhances ESG programs“, said Dan Amzallag, Ivalua’s COO.
Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategicsourcing processes.
For our discrete manufacturing market, that means reducing product costs, driving margin expansion and extracting greater value from supplier relationships via superior strategicsourcing and supplier management. Significant performance gains are not accomplished by continuing to do the same old things the same old way.
Establish the strategicsourcing program objectives and identify the owners of these objectives. Define the attributes to be measured (including data sources) for each supplier life-cycle phase. Step 1: Gather Supplier Information. Determine all the sources of supplier information within an organization.
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. Gartner Inc.,
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. Gartner Inc.,
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. This is precisely where organizations see the benefits of a TPRM program built into or working seamlessly with a StrategicSourcing or Source-to-Pay solution.
Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. It provides key data that empowers procurement teams to make informed business decisions and delivers strategic insights to enable the procurement process.
This additional level of requirement provides a perfect opportunity to leverage the capabilities of technology to communicate and centralize spend and supplier information state-wide. Paper based processes drive down accessibility while increasing the cost to manage information and raising the risk of human error.
At Ivalua, we understand the importance of having a single source of truth for your data. Having supplier information scattered across multiple systems can lead to data quality issues and even duplicate records for the same supplier.
Last year, 62% of enterprises that made an investment in supply management technology over the past two years took the suite-based approach (strategicsourcing suite or full Source-to Settle suites. to analyze market data, industry factors, and sourcinginformation to identify and find pricing trends.
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 strategicsourcing from a category management perspective.
When incorporated into an efficient strategicsourcing process, collaboration can result in better visibility into total costs and a better negotiation position. Collaboration with suppliers is the best way to capture accurate and timely information. Collaboration around margin enhancement.
professional secrecy, access to information and data, protection of personal data)”. Are suppliers managed properly, with clear and accessible contracts, performance measures and information? For more information on Ivalua’s Financial Services Procurement solutions please visit ivalua.com. appeared first on Ivalua.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business. Get the right talent in place.
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 StrategicSourcing Application Suites Magic Quadrant.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. It is virtually impossible to manage risk and build collaborative internal and external relationships when you do not have the visibility, time, or information to have the proper impact. Time is Money.
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 StrategicSourcing Application Suites Magic Quadrant.
Visibility across every aspect of the supplier relationship management is essential to making informed decisions or seizing opportunities, and it’s instrumental in speeding up the procurement process, reducing costs and collaborating with suppliers to better meet the needs of the business.
To do that, you need teams that can act on that information, use that free time, to bring their best ideas to life. If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). But it doesn’t by itself give you an edge. Plan to avoid those.
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