This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability. However, one critical element often overlooked in these discussions is public procurement. Foster sustainability by prioritizing green and energy-efficient technologies.
Currently, the Bank conducts procurement for these investment projects, putting pressure on internal procurement capacity at the Bank, and missing an opportunity for domestic procurementteams to modernise their own countrys systems and upskill procurementteams. How can the Bank leverage this opportunity?
Bravida is the Nordic region’s leading supplier of end-to-end technical solutions in service and installation.They help their customers to create effective and sustainable properties by providing installation and maintenance services for critical infrastructures. About Bravida Holding AB. Learn more at www.ivalua.com. Follow us at @Ivalua.
The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. These organizations must also conduct regular supply chain audits to ensure sustainable and responsible operating measures. .
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Roach and her team chose Ivalua because of its flexibility from both a procurement and stakeholder perspective.
Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.
In recent years, sustainability has increasingly become a top priority for many organisations. 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.
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.
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!
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 procurementteams continue to deliver.
Across the country, state and local procurementteams are taking up the call to expand electric vehicle (EV) infrastructure. Additionally, the rapid pace of technological advancements in the EV sector can make it difficult for procurementteams to keep up, leading to concerns about the long-term viability of their investments.
Progress on sustainability is notoriously hard to measure for organizations, but the needle is moving in the right direction. Companies also face engagement gaps between their suppliers and procurementteams.”. Laggards in sustainability will quickly find themselves left in the dust of competitors.
Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Also, proper data analysis can help find potential hazards in the supply chain, sustain continuity, and reduce disruptions.
Procurementteams will be empowering a strategy advisor to provide a framework for how to leverage technology, retain talent, and drive sustainable value. Ultimately, it is the combination of these two that drives sustained success. ENABLE CORPORATE SUSTAINABILITY . ACCELERATE PROCUREMENT’S DIGITAL TRANSFORMATION
In recent years, sustainability has increasingly become a top priority for many organizations. 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.
Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurementteams 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.
And I’m really proud to see procurement play a pivotal role in our drive towards a sustainable economy and delivering for the people of Scotland. And then, innovation has always been at the heart of what we do. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team.
Procurement professionals in Oil, Gas and Energy companies require governance to ensure contract compliance, adherence to processes and develop sustainable supplier relationships. Accelerate innovation. Improve control. Increase efficiency. Lower risk. Enable growth.
CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.
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. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings.
Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement? It also aligns with global goals like reducing greenhouse gas emissions and promoting sustainable development.
After a 2-year hiatus, Ivalua is thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. . Today, we are stronger, more united, and more determined to lead and innovate together! As an added bonus, our event will take place in early Spring, a fantastic time to explore Paris in bloom!
Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.
A global pandemic, water shortages, wildfires, deadly floods across the globe, and labor & human rights issues have propelled sustainability into the spotlight. . Organizations are investing sustainability and diversity concepts into their business processes, and they are committed to the success of these programs.
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. The goal is to sustainably create value and share that value with the Group’s entire ecosystem.”.
There will be unique challenges public procurementteams will need to address to ensure the bill delivers on its full promise. Chief among these challenges is the need to modernize procurement processes and tools. . Total estimated infrastructure bill allocations: Source.
“My heartiest congratulations to JFC and the entire Project Ruby Team,” explains Shantanu Bhowmick, Chairman & CEO at Consus Global. “I I believe that the combined team of Ivalua, Consus and JFC have delivered a long-term and sustainable solution to digitise the enterprise wide Source-to-Receipt Process at JFC.
We cannot wait to connect with procurement leaders, innovators, customers, and colleagues in our beautiful nation’s capital! . Today, we are stronger, more united, and more determined to lead and innovate together! Anthony Long, Vice President and Chief Procurement Officer and Mark Krause, Sr. Breakout Sessions.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. Modifying your approach to procurement can make your business permanently more efficient. This was a game-changer. “As
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.
It also increased the efficiency and speed to market for all sourcing users, while providing visibility and ability for procurement professionals in the center-led procurementteam to provide strategic support. Learn more at www.ivalua.com. Follow us at @Ivalua. About Optis Consulting.
As organizations look beyond the panic and shocks created by Covid-19, procurement leaders must show that they can contribute to restoring growth and supporting a broader list of objectives. The reality is that too few procurementteams have experience here. It’s all possible and innovators are already delivering.
“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. .
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.
And I’m really proud to see procurement play a pivotal role in our drive towards a sustainable economy and delivering for the people of Scotland. And then, innovation has always been at the heart of what we do. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team.
Governments aim to support ethical, sustainable businesses while getting the best value. Fairness: Equal Opportunity for All Public procurement is built on fair competition. Awarding the Contract The winning supplier is selected based on clear criteria, ensuring fair and competitive procurement.
This removes risk when buying from innovative or SME suppliers while creating a larger supplier base to target with early payment opportunities via C2FO marketplace. They can also set up agreeable terms for suppliers who align with their overall diversity and sustainability missions. Better Margins = Direct impact to their bottom line.
Also included: supplier improvement plans, innovation plans and overall supplier collaboration. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured.
In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient. Watch the full webinar on-demand here.
Equally, companies are hungry for new technologies that can help them achieve sustainability. In short and unsurprisingly, investors (and their counsel) continue to call for predictability and innovation in LatAm. Igor Oliveira added how the digitisation of public administration in Brazil is a game-changer for the existing bureaucracy.
Sustainable Excellence Award – Presented to a government agency or contractor that has made outstanding contributions that meet the Federal Government’s sustainability goals. GAO sustained the protest. [1] The training covers ten innovativeprocurement techniques. Learn more and register here.
In February, I also had the opportunity to meet with colleagues from the Procurement Supply Group. A very productive meeting with a great conversation covering community health and social care procurement, as well as updates to the sustainableprocurement on environments and on modern slavery standards.
These awards recognise the achievement, innovations and successes that make the UK a world leader in effective public procurement. This year several new award categories have been added to the list, reflecting the diversity of procurement across the UKs public sector.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content