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
A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurementteams need to pivot and modify the way they handle SCM decisions.
Lack of system integrations and actionable insights are stopping organizations from accurately measuring performance. The study revealed the challenges procurementteams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.
The latter has delivered workplace benefits such as over 60 Modern Apprentices and all current suppliers now commit to paying the real Living Wage (RLW) to directly engaged employees. From being an integral part of the UK system, consultations now only happen in around 5% of Adult Disability Payment applications.
A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. But most sourcing and procurementteams need to pivot and modify the way they handle SCM decisions.
With this integration, Ivalua enables a diverse market of users by offering an integrated search experience. 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.
A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. Reach out to us today to discuss all of our Source-to-Pay and Procure-to-Pay solutions.
After a close collaboration with Amazon Business over the last year, it is exciting to officially announce the next phase of our collaboration, truly integrated search between Ivalua and the Amazon Business marketplace. Reach out to us today to discuss all of our Source-to-Pay and Procure-to-Pay solutions.
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!
Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR. So for the last decade the Procurementteams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. There are exceptions to every rule, and that rule just doesn’t work.
Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurementteams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
New Ivalua study shows technology challenges are hindering procurementteams from achieving business objectives. Lack of system integrations and actionable insights are stopping organisations from accurately measuring performance . on time payments) and spend visibility. on time payments) and spend visibility.
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.
AI can bring many benefits to procurementteams and their companies. In this post, we take a look at the benefits of using AI in procurement departments. Information AI allows procurementteams to mine huge amounts of complex data.
Sustainable Procurement Practices: Procurement groups will play a vital role in supporting compliance with the CSRD. They will need to align their sourcing strategies with sustainability objectives and collaborate with suppliers to ensure adherence to environmental and social standards. supply chain)- or affect your business.
Limited supplier reach: ERP systems don’t go far enough when it comes to reaching and managing suppliers. There’s often little visibility into supplier performance and risk, limited supplier collaboration and communication, and little or no ability to manage supplier contracts and agreements.
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. The deployment of Ivalua’s platform has been tightly integrated with JFC’s backend SAP ERP systems to ensure seamless flow of information and maximum automation.
ESG initiatives significance in your Supplier Management Strategy. How to incorporate ESG data into sourcing, procurement, and supplier management decisions. As a solutions provider, we seek to provide solutions that integrate this into a single workstream so this can be addressed as one process effectively and quickly. .
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?”. Centralized and decentralized procurement & supply chain organization. 2B EUR Revenue in 2021. Growth and Challenges.
As public procurementteams 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.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any Manufacturer looking to stay ahead of the game. Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle. Let’s explore further.
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 .
Our experts at Ivalua are here to provide guidance and assist in your selection process through their extensive knowledge of providing thought leadership advice around procurement technology solutions. Integration When selecting a procurement software, integration is essential to ensure the product meets your business needs.
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. Ardent found that many didn’t even know how many suppliers are high risk.
The Challenge: Limited Resources, Lengthy Research, and Cumbersome RFP Process The Town of Epping faced a significant challenge in streamlining its procurement operations due to the intricate and heavily regulated nature of government purchasing. This is a widespread issue across government procurementteams.
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?
With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supply chain. . Ivalua’s global reach of buyers and their suppliers helps us deliver on our mission-providing access to working capital to businesses so they can grow and thrive. It Pays to Partner!
The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers. This places limitations on the value that procurement generates for your organization and impacts the resilience and agility of the supply chain. Ensure 360-Degree Supplier Visibility.
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world.
It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Balancing New Priorities Makes Procurement More Valuable. Historically, Procurement was perceived as adding value when it could effectively control costs.
Michelin Group’s Hélène Vermont joined the discussion to share how applying these practices has propelled her procurementteam to emerge as a leader in sustainability a nd Corporate Social Responsibility. The percentage of purchased goods emissions by suppliers with science-based targets. Supplier Selection.
Minimizing any cost trade-offs and driving ongoing improvements, collaboration gives your suppliers more flexibility when meeting requirements, setting progressive ESG goals and actively communicating. Digitization is key to enabling efficient, effective collaboration with a broad set of suppliers, not just a few strategic ones.
The Criticality of the Supply Chain (and Suppliers). Teams also need to to mitigate supply chain risk by prioritizing digital transformation and adopting procurement technology. #4. Building stronger supplier relationships in 2022 will set leading organizations apart from others. More on that here.
Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Environmental impact Another facet of social value procurement is environmental sustainability.
“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. .
“Time spent on process redesign and change management will bring more value to a digital transformation project, than the technical aspects of choosing the solution and technology integrator,” said Dr. El-Jawahari. . High-Potential Transformation Use Cases Will Impact Procurement’s Future.
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with Transfermate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world.
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Breakout Sessions.
Integration and migration plans should be communicated months ahead of time, and may need to be repeated to make sure the core messages get through to end users. Each process or system that is transitioned needs to be managed independently to minimize the impact to suppliers and preserve the integrity of centralized data.
We start by organising user groups with participants from both procurement and suppliers, and we bring them together regularly to validate our hypotheses or to innovate on the basis of user ergonomics. This is why we pay as much attention to this second aspect of things; that is, what users feel.
Navigating sole source procurement? When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This step is crucial to ensure that the selection of a single supplier is justified as the only available source for a product or service.
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