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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.
Since its inception in the late 1980s, strategicsourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategicsourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
The IT Innovative Procurement for StrategicSourcing contract covers the provision of IT systems and services in support of all non-national airspace system mission support 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. Please visit our website: www.cks-consulting.com/en.
However, few manufacturers ever sit back and ask, “How can our procurement or strategicsourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategicsourcing is the first place to start shaping the customer journey. Lastly, let’s discuss innovation.
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategicsourcing. The answer is simple – automation.
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 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.
Innovating. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth.
Development: Promote Supplier-Enabled Innovation and Accelerate Time to Market. Suppliers supplement in-house innovation capabilities to create product differentiation, reduce time-to-market, and decrease development costs. Maturity and Decline: Drive Ongoing Innovation and Maximize Margins.
Buying supplies, equipment, low preference items and the latest innovations to support high-value care delivery is expensive and while it’s not an area where you want to skimp, there are certainly ways to reduce these expenses without impacting quality of care. Establishing processes to identify and capture savings by category.
Friday, October 13, 2023 | 2:00PM EDT | 1 Hour | 1 CPE In 2022, the Department of Defense created a cross-functional team to accelerate the adoption of 5G and future-generation wireless networking technologies, laying the foundation for new opportunities to implement innovative solutions to military needs.
With more resources at their disposal, local talents can create innovative solutions that can further transform the regional economy. Developing and executing category strategies is critical to effective strategicsourcing.
At PwC, Isabelle has led and delivered strategicsourcing initiatives, system engineering, procurement transformation, and digital innovation. Prior to joining PwC, Isabelle spent 10 years at Capgemini where she ran a major digital and outsourcing program worldwide.
Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. Digitization Benefit #2: StrategicSourcing Alignment. Digitization Benefit #4: Enabling Innovation. Digitization Benefit #1: Inter-Enterprise Collaboration . Realize the Possibilities.
Innovating. If you work in product design or engineering, supplier collaboration is focused on integrating strategic suppliers into your product innovation efforts. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth.
Technology should enable business innovation, not stifle it”. Back to the marketplace – JLL chose Ivalua because of the cultural fit between the firms as well as the strong focus on customer experience, innovation , and data , which matched the JLL philosophy. Simplification of systems and tools was a key part of the programme.
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. They are the innovators and early adopters of technology. And they are the ones we are looking for.
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! Director StrategicSourcing Digital & Functional Transformation, .
With Tealbook, customers can now access an “always-on” source of quality supplier data. Customers will benefit from Tealbook’s innovative approach to autonomously gathering and validating supplier information from over 400 million websites and 600 data sources.
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. Lastly, Ivalua will ensure seamless integration with O-I’s existing ERP platform, as well as several third-party solutions. “At
The power of collaboration allows for more innovative solutions, improved efficiency and a reliable supply chain in even the most uncertain times. As businesses continue to pivot during the pandemic, creativity will be key.
In fact, the DOD created a cross-functional team to accelerate the adoption of 5G and future-generation wireless networking technologies in 2022, to prepare the department for new, innovative opportunities. In his current capacity, he serves as a trusted advisor to a multitude of clients in throughout the world.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for StrategicSourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
in “ The Forrester Wave™: Source-to-Contract Suites, Q4 2019.” Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for StrategicSourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
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. Customers also benefit from significant and accelerating levels of innovation. 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. Customers also benefit from significant and accelerating levels of innovation. Gartner Inc.,
JLL Digital is a cloud software company focused on bringing innovation to the industry to improve how companies manage properties and advise clients on investment strategy. Specialties: Jon specializes in Cloud Technologies, Supply Chain Strategy, StrategicSourcing and Procurement, and electronic payments.
His expertise spans across various roles at T-Mobile, AT&T, Verizon, and other major telecommunications companies, where he has consistently driven sales and developed innovative solutions to meet customer needs.
The rest of the agenda will focus on showcasing procurement leaders that have succeeded in one or more ways, and how current and new technological innovations can help. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways. It’s all possible and innovators are already delivering.
It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet. But now with strategicsourcing and category management, the process has become much easier to track, monitor and control.
This can create new revenue opportunities, unlock innovation and improve profitability. In today’s turbulent landscape, businesses must digitally transform procurement so they can identify opportunities to innovate, collaborate and grow revenues. No progress on digital transformation.
Regardless of the curveballs we’ve been thrown over the years (yes, including a pandemic), our team and clients continue to evolve, innovate, and prove our value, again and again. Bonfire’s Procurement Awards celebrates procurement professionals who excel, innovate, and showcase excellence in the eProcurement space.
This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Assess and mitigate risk across the supply chain.
With this capability, procurement departments can keep abreast of market trends and utilise strategicsourcing opportunities. Future Trends in Procurement Analytics The evolution of procurement analytics continues to reshape the procurement function, paving the way for innovative applications and strategic value.
While the procurement industry is consistently evolving and shifting, supply management professionals across the globe have had to quickly prepare for change and innovation in technology, business regulations, and the general speed of commerce. . More on that here. 5 Procurement Increasing Its Focus on and Use of Data.
Naturally, what you actually make and sell to your customers is critical – that is where Direct Procurement plays a critical role in the quality, innovation and profitability of those products. Just getting the goods is not enough – as we continue to experience the ongoing impact of COVID-19 on global supply chains.
As manufacturing executives continue to chart the future course of their companies, they often focus on reinventing the production line, improving the speed of innovation, evolving the skill sets of their labor force, achieving operational excellence, and so forth. Collaboration around margin enhancement.
Procurement is a gateway to probably the most significant source of innovation that any company has, its suppliers. Technologies such as strategicsourcing, procure-to-pay or full source-to-pay that are instrumental in managing spend must empower versus limit.
Far too much time is spent meeting to “update” rather than innovate and resolve issues. Take a look at Directworks and get a handle on what has proven to be possible when it comes to collaborating and engaging the right suppliers early and often in your strategicsourcing, product innovation, and launch cycles.
Best practices are great for the majority of processes, but for the most strategic doing things differently is the way to win. This is where helping organizations innovate, ensuring business agility and even growing revenue comes into play. Global automotive component supplier Meritor is a great example. Plan to avoid those.
Strategicsourcing professionals may end up doing tactical work, as well. That collaboration leads to more innovation, greater efficiencies and a higher-performing, resilient supply chain that can weather the challenges of a crisis like Covid. . Simplify approvals with clearly defined roles and responsibilities.
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