ivalua

NOVEMBER 28, 2022

“These findings lay bare the significant toll of supply chain disruption on UK businesses,” comments Alex Saric, smart procurement expert at Ivalua. Supply continuity has been left on life support after repeated blockages and restarts, resulting in supplier failure and organisations struggling to onboard new suppliers to kick-start supply.

Supply Chain 111

Supply Chain Supplier Media Procurement Team 111

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Financial Services.

Supplier 58

Supplier Management Supply Chain Procurement 58

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

Tendersinfo

APRIL 8, 2021

Government Procurement Professionals aim to achieve the best value for money in the process of procurement of goods and services for the public. A weightage-based criterion helps the procurement team to select the best out of the lot that gives the best value in terms of Cost, Quality, and experience.

Procurement Team 52

Procurement Team Evaluation Tender Procurement 52

Scottish Government Procurement

DECEMBER 12, 2024

And then in October, we held our 19 th annual Scottish Procurement conference, which explored The Transformative Potential of Technology, AI and Innovation in Procurement. Responsible procurement wise. But despite all of these things, our local government colleagues that are procurement teams continue to deliver.

Public Procurement 49

Public Procurement Procurement Supply Chain E-procurement 49

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.

Supply Chain 69

Supply Chain Procurement Supplier Procurement Team 69

ivalua

MARCH 29, 2019

Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. While profit is of course important, and the procurement goal of cost reduction plays a key role here, “you cannot cut your way to growth” (or ultimate success), as the saying goes.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

ivalua

SEPTEMBER 8, 2015

” provides a bold look into the near future of procurement organizations. This is a mindset shift for procurement teams, but it should not be such a stretch. Becoming “one” with an expanded ecosystem of suppliers. Digital platforms and technologies, Accenture emphasizes, are no longer just enablers.

Procurement 59

Procurement Supplier Procurement Team Innovation 59

ivalua

SEPTEMBER 28, 2020

After this came the next AP Automation project, and ever so slowly, innovation just became the norm, now it’s legacy Invoice Processing. Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

ivalua

NOVEMBER 7, 2019

Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. Enhancements enable manufacturers to launch more profitable, successful products.

Innovation 9

Innovation Management Quality Manufacturing 9

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a Complex Network of Direct Material Suppliers.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

MARCH 16, 2022

Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . CEOs Look to Innovation. The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

Oxford College of Procurement and Supply

JANUARY 14, 2025

Why Benchmarking Matters in Procurement Procurement is all about achieving value for money. But how do you determine whether your suppliers are truly offering the best value? Improve operational efficiency Pinpoint process inefficiencies and areas for improvement within the procurement function. What is Benchmarking?

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

Tracker Intelligence

NOVEMBER 20, 2024

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Procurement analytics is the collection, processing, and interpretation of procurement data to derive actionable insights.

Efficiency 52

Efficiency Procurement Data Supply Chain 52

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. The research, conducted by Vanson Bourne on behalf of Ivalua, found that 71% of respondents believed the rate of digitisation in Procurement is low. 0207 436 0420.

Procurement 65

Procurement Supply Chain Supplier Procurement Team 65

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

ivalua

AUGUST 29, 2019

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue.

Procurement 61

Procurement Procurement Team Supply Chain Supplier 61

ivalua

JUNE 10, 2021

Employees can search across internally hosted supplier catalogs, Amazon Business and other supplier sites to see and compare the results side by side on a single screen, having a true consumer e-commerce experience at work. Tail spend has always been difficult to control by procurement teams.

Integrity 52

Integrity Integration E-procurement Supplier 52

ivalua

JUNE 1, 2022

In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Focus on digital transformation and adopt procurement technology. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

AUGUST 17, 2021

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

MARCH 24, 2021

Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #4: Enabling Innovation. Realize the Possibilities.

Supply Chain 52

Supply Chain Manufacturing Collaboration Supplier 52

Oxford College of Procurement and Supply

JULY 28, 2023

AI can bring many benefits to procurement teams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurement teams to mine huge amounts of complex data. They can then identify the most relevant and appropriate AI solutions.

Procurement 52

Procurement Procurement Team Supply Chain Quality 52

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 52

Collaboration Automotive Supplier Procurement Team 52

Tracker Intelligence

DECEMBER 16, 2024

Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. If not resolved quickly, these issues could lead to higher costs, less innovation and missed opportunities to improve public services.

Public Procurement 52

Public Procurement Procurement Tender Framework Agreement 52

ivalua

MARCH 11, 2020

Effective management of safety, deep collaboration with field suppliers and engineers, and reducing supplier risk is crucial to optimizing performance. Procurement professionals in Oil, Gas and Energy companies require governance to ensure contract compliance, adherence to processes and develop sustainable supplier relationships.

Supplier 52

Supplier Demand Procurement Team Price 52

ivalua

JUNE 7, 2021

With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurement teams to prioritise supplier innovation and revenue growth opportunities. . Yet at most organisations procurement remains an afterthought when it comes to revenue growth.

Procurement 52

Procurement Supplier Collaboration Price 52

ivalua

APRIL 12, 2019

That is the data around spend, suppliers, contracts and so on that provides the ammunition or the fuel for AI to work on. Then the “intelligence layer” (machine learning, NLP etc) and finally the “engagement layer” (how we interact with AI across various procurement processes and tasks) sit on top of that. Help build a shopping cart.

Supplier 70

Supplier Capacity Procurement Team Procurement 70

ivalua

OCTOBER 18, 2022

In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.

Transparency 52

Transparency Supply Chain Data Procurement 52

ivalua

MARCH 1, 2022

We expect procurement organizations will continue to enhance visibility, agility, and capability. . Supplier spend is changing rapidly and organizations must manage supplier spend by identifying the shift in the current inflation (adjusted price of the supplier’s goods). REDUCE SPEND COST .

Supply Chain 52

Supply Chain Procurement Team Supplier Procurement 52

ivalua

NOVEMBER 18, 2020

For procurement and supply chain professionals, the biggest takeaway from 2020 is that no matter how hard you try, you cannot predict the future. COVID-19 disrupted supply chains on an unprecedented scale, and businesses became much more reliant on procurement teams to help mitigate the impact. .

Supply Chain 52

Supply Chain Supplier Collaboration Procurement 52

ivalua

NOVEMBER 12, 2019

Winner of Awards for Innovation in Digitization and Innovations in 3rd Party Management. 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.

Procurement 60

Procurement Chief Procurement Officer Transparency Innovation 60

ivalua

AUGUST 16, 2022

The report explains that: “Scope 3 emissions reduction is a key challenge for companies, often due to a lack of visibility and monitoring of suppliers’ data. Companies also face engagement gaps between their suppliers and procurement teams.”. This is why a smarter approach to procurement is critical.

Supply Chain 52

Supply Chain Supplier Sustainability Collaboration 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Supplier 52

Supplier E-procurement Supply Chain Procurement 52

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy.

Public Procurement 52

Public Procurement Efficiency Procurement Procurement Team 52

ivalua

APRIL 12, 2022

Procurement plays a key organizational role by ensuring compliance with Third Party Risk Management (TPRM) requirements, optimizing spend value, and leveraging a network of innovative suppliers.

Procurement 52

Procurement Procurement Team Risk Management Supplier 52

ivalua

JUNE 29, 2022

With this in mind, our research found far too few European suppliers are being regularly assessed on sustainability practices, with less than a quarter (24%) seeing themselves routinely measured on carbon emissions. Measure suppliers on carbon emissions.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52