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.

Supplier 58

Supplier Management Supply Chain Procurement 58

ivalua

AUGUST 1, 2022

The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.

Supplier 52

Supplier Management Supply Chain Sustainability 52

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

Supply Chain 18

Supply Chain Procurement Supplier Risk Management 18

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration.

Supplier 52

Supplier Supply Chain Management Warehouse 52

ivalua

FEBRUARY 8, 2023

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. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

ivalua

DECEMBER 20, 2019

One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources.

Supplier 40

Supplier Supply Chain Balance Manufacturing 40

ivalua

AUGUST 10, 2015

The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management. Manufacturers need better supplier information. But the lack of timely & accurate supplier information stood as a great impediment.

Automotive 40

Automotive Supplier Manufacturing Quality 40

ivalua

JANUARY 8, 2023

The new set of regulations add an additional layer of compliance and risk management to the procurement process. Procurement teams will need to be prepared and equipped to conduct supplier due diligence to meet the requirements of the act. Further, it is essential that supplier management and data is holistic (i.e.,

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

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. When it comes to improving existing products (or services), suppliers are often better placed than the business itself to identify opportunities.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

MARCH 16, 2022

CEOs Look to Innovation. Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). .

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

ivalua

JULY 22, 2015

This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. Instead, today’s sourcing pros must facilitate cost improvements through a more sophisticated and complete understanding of cost management strategies involving: Materials. alternatives.

Strategic Sourcing 58

Strategic Sourcing Supplier Supply Chain Manufacturing 58

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.

Supplier 40

Supplier Management Supply Chain Buyers 40

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. There are many supply chain management lessons to learn from the Covid-19 crisis. Risk & Performance Management.

Supply Chain 69

Supply Chain Procurement Supplier Procurement Team 69

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. This knowledge enables procurement professionals to streamline operations, optimize spending patterns, and improve supplier performance.

Efficiency 52

Efficiency Procurement Data Supply Chain 52

Tracker Intelligence

FEBRUARY 22, 2025

Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

Public Procurement 52

Public Procurement Transparency Procurement Tender 52

ivalua

APRIL 13, 2021

Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability.

Supply Chain 52

Supply Chain Procurement Supplier Collaboration 52

Oxford College of Procurement and Supply

JANUARY 14, 2025

But how do you determine whether your suppliers are truly offering the best value? In procurement, benchmarking involves assessing supplier performance, costs, and processes against industry standards or competitors to ensure you are receiving the best value. The answer lies in benchmarking. What is Benchmarking?

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

ivalua

JULY 2, 2020

GRMS (Global Risk Management Solutions) is the recognized leader in providing innovative supplier risk assessment programs that assist companies to reduce exposure to global business risk and liability. The post GRMS appeared first on Ivalua.

Risk Management 40

Risk Management Supplier Innovation Management 40

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

Federal News Network

OCTOBER 1, 2024

I expect there to be fallout on the supply chain risk management side no matter what happens to Carahsoft. These include nearly every major technology supplier to the government from Adobe to AWS to Dell to Google to Microsoft to Splunk. They do a great service and provide innovation.”

Supply Chain 115

Supply Chain Price Government Government 115

ivalua

JUNE 1, 2022

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

MARCH 16, 2021

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Be proactive to mitigate supply chain risk by understanding your suppliers.

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. 78% engage suppliers more collaboratively than they did 3 years ago.

Procurement 52

Procurement Supplier Collaboration Supply Chain 52

ivalua

OCTOBER 27, 2020

Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion.

Procurement 10

Procurement Supply Chain Supplier Chief Procurement Officer 10

ivalua

JANUARY 20, 2016

The world of manufacturing is quickly evolving, driven by production modernization, materials innovation, big data, and a new type of workforce. Manufacturers who master collaboration both internally and with suppliers will gain a sustainable advantage. Risk management.

Manufacturing 40

Manufacturing Supplier Collaboration Risk Management 40

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. Supplier Data Quality & Management in Decision Making.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

JULY 7, 2020

Be it stronger support or stricter policies around supplier management for sustainability and diversity or more efforts to improve the communities involved in and around a business. Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind. Building Resilience.

Supply Chain 52

Supply Chain Balance Supplier Procurement 52

Federal News Network

JANUARY 2, 2024

However, I can say that there’s incredible plans underway to continue to deliver more value to our citizens, to our customers, to create a much more equitable, inviting, successful marketplace for suppliers and to continue to make it easy for people who do business with the government. We have to share this data with each other.

Supply Chain 99

Supply Chain Balance Supplier Data 99

ivalua

JULY 13, 2022

Arnaud (Ivalua) – Buyers’ objectives have expanded over the years – initially responsible for savings and cost avoidance, Byers were then tasked with handling risk management, and also expected to contribute to the organization’s sustainability initiatives. . Supplier Selection.

Sustainability 52

Sustainability Buyers Supplier E-procurement 52

ivalua

JUNE 2, 2016

CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management.

Supply Chain 45

Supply Chain Procurement Supplier Global Sourcing 45

ivalua

FEBRUARY 4, 2020

In another recent report, Gartner predicted that by 2023, organizations that don’t really tackle the issue of supplier master data management will very likely have the wrong information for half of their suppliers. Provide an enterprise view of clear, comprehensive and accurate supplier information.

Supply Chain 52

Supply Chain Data Quality Supplier 52

ivalua

MARCH 14, 2019

Today, they are tackling new priorities like risk management, supplier compliance, actionable insights. When it comes to compliance, smart procurement can help CPOs keep on top of regulations and work with suppliers to make sure they’re also toeing the line. But for this to happen, CPOs need full visibility of suppliers.

Procurement 40

Procurement Supplier Capacity Risk Management 40

The Procurement School

FEBRUARY 6, 2024

These professionals excel in managing supplier relationships, understanding contract nuances, and mitigating risks. Our learners emerge as well-prepared professionals, ready to drive organizational efficiency and innovation. Conclusion At The Procurement School, we believe in the transformative power of education.

Supply Chain 52

Supply Chain Efficiency Procurement Management 52

Tracker Intelligence

DECEMBER 8, 2024

Artificial Intelligence (AI) systems have become a crucial part of the digital economy driving change, and providing new opportunities supported by technological innovation. In addition to this, the same study suggests that through spending and supplier analysis, organisations will have the ability to reduce cost processing by 40 per cent.

Public Procurement 52

Public Procurement Procurement Ethics Tender 52

ivalua

MAY 7, 2020

Downstream customers, such as the big 3 automakers in the US, who relied on Japanese suppliers had to find alternate channels to meet their production requirements. 89% of respondents judged to be “Innovative Performers” believed their organization was “effective” or “very effective” at leveraging these technologies.

Supply Chain 52

Supply Chain Supplier Consumer Demands Procurement 52

The Procurement School

OCTOBER 22, 2024

The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement. Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown.

Participation 52

Participation Procurement Strategies Procurement Buyers 52