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“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing ProcurementTeams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.
Public procurement will either propel us toward the digital future Gates describes or hold us back with outdated processes and institutional inertia. To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurementteams to lead the way.
Kent Crabtree Vice President of Procurement and Vendor Management, Maximus As Maximus continues to increase annual revenue and set new company records, the companys procurementteam kept pace under the leadership of Kent Crabtree.
Over the course of the year, the Art of Procurementteam is privileged to speak to a LOT of people. The post 3 Key Messages for Procurement Leaders in 2023 appeared first on Art of Procurement.
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.
These multifaceted issues underscore the need for a diverse, well-informed procurementteam that can navigate the technical, ethical, legal and community aspects of implementing effective public safety tools while ensuring responsible use of taxpayer resources.”
Procurementteams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?
Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurementteams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurementteams continue to deliver.
A frequent thought leadership contributor for the Ivalua Blog, Jarrod has worked across multiple industries, including higher education, public sector, retail, manufacturing, and engineered products.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. ProcurementTeams Step-up. Help staff sell procurement’s value during recovery.
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. Conclusion.
“The most successful procurementteams have a strong ability to articulate what they’re doing in the context of overall business. The post Deloitte’s 2023 CPO Survey: Orchestrators of Value appeared first on Art of Procurement.
Historically, so much of what Procurementteams did went unnoticed. Of course, over the last few years, the role of Procurement has become more visible, in large part due to broader recognition of the value and closely monitored and tracked performance metrics that are now more mainstream. Here are some of my takeaways.
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. . Ready to arm your Public Procurement Professionals with the tools they need for modern challenges?
Known for its quaint charm and strong sense of community, the town is managed under the dedicated leadership of Town Administrator Jake Rogers. However, he quickly identified a major hurdle: the town’s procurement process was hampering his team’s productivity and efficiency. personnel hours to complete a solicitation project.
Soft skills and leadership are key enablers for procurementteams and are as important as technological competence. Noël is looking to have non valuable tasks automated and pointed out that this could benefit not just the procurementteam but the total supply chain.
– CIPS – SME book reviews: Global supply chain, Diversity Management & Strategic Programme Leadership. David has over 30 years’ experience at senior executive/director level driving value and change through procurement and organisational transformation. The GBS procurement population is c.180
Our first day will feature Ivalua’s Founder and CEO, David Khuat-Duy , offering his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurementteams and suppliers. Breakout Sessions.
The new innovations extend the leadership of Ivalua’s solutions for Manufacturing and Direct Materials. Ivalua’s BOM Lifecycle Manager enables teams managing direct materials spend to work collaboratively to design and deliver products that meet quality requirements, delight customers, and yield maximum profitability.
The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.
In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO). Pursuing a sustainability plan When a procurementteam is committed to green purchasing, there are a variety of strategies that can be considered.
Choosing the right procurement software solution may seem daunting with so many options on the market, but you don’t have to make this decision alone. Integration When selecting a procurement software, integration is essential to ensure the product meets your business needs. .”
“This represents a significant milestone in our procurement transformation, which will allow us to deliver more value to the organisation, employees, customers and suppliers,” explains Susan Tanmantiong, Chief Procurement Officer of JFC. Ivalua’s platform empowers us with the leading technology needed to deliver on our vision.”. “My
If you’re interested in reading more on leadership in sourcing, the future of work or just want to learn more about SIG, feel free to subscribe at sig.org/subscribe. New leadership skills and traits will be necessary to ensure business continuity, and to inspire teams to work together to support each other and remain productive.
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. A core goal of Ivalua’s in 2021 is to help more leaders do so.
As a center-led procurement function FCL used Ivalua’s solution to enable non-procurement professionals within various different business sectors to conduct sourcing activities in accordance with FCL’s procurement governance. About Federated Co-operatives Limited and the Co-operative Retailing System.
The most common thing preventing procurementteams from creating these initiatives is not having a starting point. Create champions in your organization Demonstrating the value of the program to those in the C-suite, on city council, your direct leadership, or whoever will listen can make sure you have a network of support.
Leading organizations include ESG key performance indicators (KPIs) in procurement performance reviews and compensation; laggards omit them. Altering procurement’s management by objectives (MBOs) is also a good test of whether executive leadership is willing to put its money where its mouth is. Collaborate to Win. Key Takeaways.
With this, businesses can unlock new opportunities and innovations by finally closing the cash gap between procurement and suppliers. By paying suppliers on-time, procurementteams can use payments to build strong, reliable, and performance-driven supply chains.
This leadership role is critical and Gartner identifies ownership as one of seven obstacles to success with master data. Application leaders that support the master data management should work with the Procurementteam to establish metrics for tracking data completeness and the frequency of updates.
Chief Procurement Officers stand at the precipice of change and taking the next steps towards Procurement innovation is going to require strong leadership and expert guidance. Procurement digitization is the result of having innovative leaders such as Sylvie Noel, CPO of Covéa. Here are the key takeaways.
Don’t miss your chance to join us to discover groundbreaking techniques to maximize the potential of your procurementteams and processes. Braving the unfamiliar, and pushing boundaries – we’re embracing this opportunity to make a lasting positive mark upon the world!
The remainder of indirect spend includes the ‘usual suspects’ like office supplies, travel and IT/telecom but often with a heavy services Procurement need. Not unlike financial services, Procurementteams in healthcare organizations are predominantly focused on indirect spend. Healthcare.
With this, businesses can unlock new opportunities and innovations by finally closing the cash gap between procurement and suppliers. By paying suppliers on-time, procurementteams can use payments to build strong, reliable, and performance-driven supply chains.
After the conference, I happened to follow up with a mid-manager who functioned as a liaison between IT and the Procurementteam. Leadership has nothing to do with titles; it has to do with vision and moxie. Organize a cross-functional committee today to drive change in your organization. Settle no more!
With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurementteams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.
Staffing for the core team members and project leadership must flex with the needs of the implementation effort. How will the project schedule and phases align with team members’ other work responsibilities? The same thought process should be extended to the larger procurementteam. Implementation Staffing Levels.
That’s a great example of how Procurement solution providers are supporting Procurementteams to be faster and more effective, without sacrificing robust capabilities or the flexibility to grow over time. . Our users and indeed our own teams also want speed in terms of rapid access to data and information.
Leadership from several GSA FAS categories will be in attendance to discuss their upcoming priorities, programs, and initiatives. This year’s event will feature VA leadership from the VA Federal Supply Schedules (FSS) program as well as the National Contract Service (NCS). The training covers ten innovative procurement techniques.
Furthermore, we can imagine smart electric consumption meters that would enable procurementteams to know detailed needs in real time, enabling optimisation of the associated consumption and cost.
According to NewVantage Partners’ Data and AI Leadership Executive Survey 2022 , 92% of organizations are investing in data and AI, but only 19% have successfully established a data culture. It’s the entry-level analysts, the caseworkers, the logistics person, the procurementteam.
Where Ill be taking a look back at some of the recent developments and a quick look forward at what’s coming up across the public procurement community. First up, the Minister for Public Finance, Ivan McKee, recently brought together the leadership of public bodies, elected and operational leadership of Local Government.
From a leadership perspective, this isn’t just a technological shift; AI is forcing a fundamental reimagining of how government operates, interacts with citizens, and safeguards national security.
Her commitment to balanced and thoughtful acquisition policy has set a standard for integrity and innovation in Federal procurement, and her transparent approach has fostered trust and collaboration among industry partners and stakeholders. Listen to the full podcast here.
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