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In todays complex procurement landscape, creating comprehensive and accurate statements of work scopes can present a challenge for university procurementteams. Without standardized tools, this process creates additional workload burden and potential delays in the procurement process.
At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurementteam prepared to respond to unexpected supplier chain issues with speed and agility?”. Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Enable innovation.
With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurementteams to prioritise supplier innovation and revenue growth opportunities. . Yet at most organisations procurement remains an afterthought when it comes to revenue growth.
The Procurement function needs to move its focus from its traditional emphasis on cost to the things that really matter to customers,” he said. These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. .
We are stronger, more united, and more determined to lead and innovate together! . Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. Franck Lheureux and Alex Saric . David Khuat-Duy. NEW Payments Solution. Pascal Bensoussan.
Aside from mitigating risk and saving organizations money, Procurementteams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Delivering Better Visibility Across Suppliers.
I’m not a “petrolhead” (my wife has always been more interested in F1 than me), but the constant cycle of improvement and innovation in the sport is fascinating, all designed to make the cars go faster and improve the chances of winning. The ability of the pit teams to change a tyre now in under 2 seconds is just ridiculous!
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