ivalua

SEPTEMBER 28, 2020

Over time the focus has shifted from the real challenge of Invoice matching to creating the perfect supplier invoice relying on OCR. It breaks the bond between Buyer and Supplier, resulting in fragile supply chains and lots of mistrust. No PO, no Pay was born to force suppliers to add PO’s to Invoices by forcing Buyers to create PO’s.

Supplier 94

Supplier E-procurement Buyers Supply Chain 94

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.

Supply Chain 88

Supply Chain Management Total Cost of Ownership Warehouse 88

ivalua

JULY 22, 2015

This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers. You Appreciate the Real Impact of a Successful Supplier Diversity Program. alternatives. alternatives.

Strategic Sourcing 58

Strategic Sourcing Supplier Supply Chain Manufacturing 58

ivalua

DECEMBER 16, 2015

For manufacturers, key functions such as sourcing and supplier management have become more challenging as the result of increasing supply chain complexity. Unfortunately for manufacturers, there are many areas in need of improved visibility such as customer demand, inventory, total cost, and supplier risk.

Supply Chain 49

Supply Chain Manufacturing Supplier Capacity Capacity 49

ivalua

APRIL 9, 2021

For organisations, top-line growth is being limited by procurement systems that are too rigid to support new ideas (75%); processes and systems that don’t enable effective, scalable supplier collaboration (71%); and a lack of integration among source-to-pay systems (71%). Inaccurate data leads to inventory management challenges.

Procurement Strategies 52

Procurement Strategies Supply Chain Procurement Inventory 52

ivalua

APRIL 8, 2021

For organizations, top-line growth is being limited by procurement systems that are too rigid to support new ideas (75%); processes and systems that don’t enable effective, scalable supplier collaboration (71%); and a lack of integration among source-to-pay systems (71%). Inaccurate data leads to inventory management challenges.

Procurement Strategies 52

Procurement Strategies Supply Chain Procurement Inventory 52

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. 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

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. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

Supply Chain 52

Supply Chain Manufacturing Supplier Procurement Team 52

ivalua

SEPTEMBER 19, 2022

Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks. Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. Rather than disrupt supply, let’s disrupt supplier management. But a radical rethink is needed to succeed.

Supply Chain 52

Supply Chain Risk Management Management Supplier 52

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. Real time pricing and inventory ensures items selected are available.

Integration 52

Integration Integrity E-procurement Supplier 52

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.

Supply Chain 52

Supply Chain Supplier Collaboration Media 52

ivalua

APRIL 20, 2021

Leveraging purchasing power to capture volume- based pricing within a competitive supply chain builds sticky relationships with healthy suppliers, keeps input costs low, and acts as a hedge against inflation. This is a great place to begin the conversation about supplier trade credits and terms. Is it worth it? Absolutely!

Efficiency 52

Efficiency Buyers Supply Chain Supplier 52

ivalua

NOVEMBER 3, 2021

Ahlsell, a prominent international retail solutions provider, has led a complete digital transformation overhaul with a central focus on trading goods supplier management. Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell. billion in annual sales.

Procurement 52

Procurement Retail Supplier Supply Chain 52

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. With real-time pricing and inventory information to ensure that the items selected are available. All without leaving Ivalua.

Collaboration 52

Collaboration Integration Integrity Eprocurement 52

ivalua

NOVEMBER 29, 2021

Lack of control or visibility into what is being spent and with which suppliers. Extra work processing supplier invoices, creating higher costs. Delays in paying suppliers as they cannot be matched with an order or an initial requestor. Poorly utilized preferred suppliers with negotiated pricing. Who purchased it.

Buyers 52

Buyers Supplier Purchasing Procurement Team 52

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. With real-time pricing and inventory information to ensure that the items selected are available. All without leaving Ivalua.

Collaboration 52

Collaboration Integration Integrity Eprocurement 52

ivalua

OCTOBER 8, 2021

Historically, Procurement for retail has been largely centralized: Stores request and receive inventory from corporate as needed. Disrupted supply chains had many retailers looking for alternative local suppliers for equipment, materials, supplies, and more. . Decentralize Procurement. Attack GNFR Spend.

Retail 52

Retail Procurement Supply Chain Supplier 52

Oxford College of Procurement and Supply

JULY 17, 2024

Inventory Inventory relates to stock. From our perspective we can help reduce defects by ensuring we conduct our due diligence on suppliers, set KPIs to manage performance and work closely and cross-functionally with our stakeholders to ensure needs are understood and requisitions are actioned. How much stock is being held?

Inventory 59

Inventory Manufacturing Transportation Transportation 59

ivalua

JUNE 12, 2020

The need for Procurement to improve collaboration with suppliers, and other stakeholders, has gained broad acceptance in recent years. As supply chains were disrupted, those organizations that had the closest relationships with suppliers were most likely to gain preferred access to keep goods flowing, and effectively forecast.

Collaboration 52

Collaboration Supplier Supply Chain Procurement 52

ivalua

MAY 6, 2020

Deep Collaboration: Suppliers are all close to Zara factories and collaborate tightly, so Zara can order on an everyday-need basis. . Demand Forecasting: Zara reaps the benefits of very efficient inventory management models that help them determine the exact quantity of items needed for every store.

Supply Chain 15

Supply Chain Procurement Retail Sustainability 15

ivalua

JANUARY 24, 2022

So, then we must ask ourselves, how can you partner with your suppliers to leverage this insightful data? Reaching those key suppliers, accurately assessing inventory, and making that data visible to stakeholders via a high level of integration is imperative for successful supply chain forecasting. Timeliness is also important.

Data 52

Data Procurement Supply Chain Supplier 52

ivalua

MARCH 31, 2020

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. On February 4, Hyundai Motors announced suspension of production at seven of its plants in Korea. But recovery may be fragile.

Supply Chain 52

Supply Chain Retail Manufacturing Supplier 52

Great Government Through Technology

DECEMBER 15, 2023

Where to start The first step, per M-23-02, is for agencies to inventory their active cryptographic systems and re-inventory them annually through 2035. The Highly Adaptive Cybersecurity Services (HACS) Special Item Number (SIN) also offers quick access to vendors who have been technically evaluated to do such inventories.

IT 40

IT Inventory Supplier Data 40

Federal News Network

JUNE 4, 2024

So for contractors, I think it becomes a challenge of making sure they understand the inventory of the customers that they’re working with and how the economic and funding environment is affecting those particular agencies so they can operate smarter, be more strategic about where they’re competing.

Government 131

Government Government Supply Chain Manufacturing 131

AWS Public Sector

AUGUST 19, 2024

This effort focused on enabling the deployment of Choppies’ state-of-the-art Farmer’s app across its supplier network. This data is critical for maintaining accurate inventory levels and ensuring products are readily available. Lambda functions react to incoming IoT data by triggering requests for inventory addition.

Public Private Partnership 69

Public Private Partnership Inventory E-procurement Supply Chain 69

The Procurement School

APRIL 17, 2023

Alternatively, bring in external advisors or suppliers to look at status quo problems. Imagine running an inventory cycle count where the physical count and book values are reconciled on a daily basis. The status quo in many organizations is only the annual inventory count- the anchor.

Procurement 52

Procurement Inventory Competitive Bidding Influencing 52

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . The Message Center is an embedded chat functionality that will enable collaboration and contextual discussions amongst internal users and suppliers.

Supply Chain 52

Supply Chain Collaboration Innovation Supplier 52

The Coalition for Government Procurement

APRIL 11, 2024

Currently, these use cases are not listed on the VA’s public inventory, which the department is required to update annually. In addition, the VA is currently conducting tech sprints focused on voice recognition technology during clinical encounters and community care document processing that leverage AI.

E-procurement 98

E-procurement Procurement Procurement Contracts Supply Chain 98

Government Contracts Legal Forum

JANUARY 5, 2024

Instead, the Industrial Base Policy M&A office merely has broad discretion to assess “covered transactions” involving “major defense suppliers” as defined in DoD’s M&A policy under Directive 5000.62. The pilot program must be established within 90 days of enactment.

Government 40

Government Government Export Data 40

Procurement Notes

OCTOBER 10, 2022

He states, “there may be circumstances where an accommodation can be reached by mutual agreement of the contracting parties, perhaps to address acute impacts on small business and other suppliers[.]” [52] Now, he is getting to the heart of the issue, which is what to do about fixed-price contracts already in existence. 53] Bingo.

Government 40

Government Government Price Contract 40

Federal News Network

NOVEMBER 7, 2024

” Other tracking tools But NADACS isn’t the only tool NAVSUP uses to track its inventory; Ballou said Navy ERP is the accountable system of record, and the go-to for shore facilities to ensure an accurate count. So I would plug in the NIN in One Touch and then there’s a tab in there that says inventory.

Inventory 105

Inventory Integration Integrity Logistics 105

The Coalition for Government Procurement

OCTOBER 12, 2023

The hallmark of that effort to date had been a proposed rule that would, if finalized, require thousands of Federal contractors to inventory, publicly disclose, and, in some cases, seek reductions in GHG emissions (see our prior discussion here ). 57405, 57405 (Oct. 15, 2021) (emphasis added).

Supply Chain 52

Supply Chain E-procurement Price Procurement 52

The Coalition for Government Procurement

FEBRUARY 29, 2024

We also are concerned that commercial item suppliers will be forced to assume expensive compliance obligations without proportionate benefits to industrial security. Our principal concern is that compliance with the Final Rule will be prohibitively expensive such that innovative small businesses are forced out of the Defense Industrial Base.

Price 52

Price Data Contract Accountability 52

Oxford College of Procurement and Supply

MARCH 24, 2025

For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance. Suppliers may struggle with increased operational costs or choose to focus on markets with fewer trade barriers.

Supply Chain 52

Supply Chain Export Automotive Supplier 52

Government Contracts Legal Forum

OCTOBER 3, 2023

The hallmark of that effort to date had been a proposed rule that would, if finalized, require thousands of federal contractors to inventory, publicly disclose, and, in some cases, seek reductions in GHG emissions (see our prior discussion here ). 57405, 57405 (Oct. 15, 2021) (emphasis added).

Bidding 52

Bidding Evaluation Procurement Supply Chain 52

The Coalition for Government Procurement

MARCH 7, 2025

Suppliers take into consideration many factors, including pricing to address excess inventory, pricing to meet sales goals or drive market penetration, and pricing in response to the buyers requirements. There are many variables that drive best value pricing.

Price 40

Price Efficiency Purchasing Inventory 40

Procurement Notes

JUNE 13, 2022

88] Fifth, construction contractors/subcontractors are also supposed to “[d]ocument and maintain a record of all solicitations of offers for subcontracts from minority and female construction contractors and suppliers, including circulation of solicitations to minority and female contractor associations and other business associations.” [89]

Export 40

Export Evaluation Contract Government Contracts 40