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Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party.
billion in costs through category management in fiscal 2024, nearly 29% above their goal for the year. When the government first started its modern journey toward category management almost exactly a decade ago, the goal was relatively easy to describe, if hard to achieve: Reduce the amount of complexity in the federal procurement system.
Jim Blastos , formerly vice president of global supply chain at Autocar Trucks, has been named VP of supply chain management at Austal USA. He will oversee procurement, strategicsourcing, warehousing, logistics, material management and production control, the shipbuilder said Monday.
Strategicsourcing is one of the foundations of modern procurement. When executed well, it’s about holistically managing the entire acquisition. The post How to Build A StrategicSourcing Strategy (that Goes Beyond Category and Supplier Management) appeared first on Art of Procurement.
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.
Big data is more than a buzz term, and if you are a strategicsourcing professional, it is a concept that should not be ignored. This magnifies drastically when you multiply across all of sourcing, as well as suppliers, engineers, and managers. Think about all the emails you send, quotes you submit, analyses you save.
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.
Strategicsourcing is a contemporary approach to supply chain management. In this post, we explain what strategicsourcing is, why it is important and how it can be implemented. In this post, we explain what strategicsourcing is, why it is important and how it can be implemented.
Doug Keeley, Product Marketing Manager, Ivalua. So what does “good” strategicsourcing look like? The primary difference between StrategicSourcing and “good” StrategicSourcing is contextualized flexibility. Good” strategicsourcing….
Wide-ranging digital procurement transformation will streamline Crelan’s sourcing processes . Redwood City, CA, 4th October, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Crelan, a cooperative Belgian bank, has selected its platform to digitize the entire source-to-contract process.
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.
Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.
Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party. About Ivalua.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. I’m going with Supplier Value Management. Let’s get busy working on Supplier Value Management. If so, in my (imperfect?)
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.
Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?
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.
Our panelists included: Hend Salem , Manager of StrategicSourcing – Non Clinical at The Ottawa Hospital Carol Izzio , Director of Procurement at Sheridan College Christine McParland , Director of Residence and Ancillary Services at St. Find the summary of their advice in this article or watch the full conversation here.
A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Objectives for Supplier Risk and Performance Management. Employ more structured processes around supplier risk management.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. I’m going with Supplier Value Management. Let’s get busy working on Supplier Value Management. If so, in my (imperfect?)
Bill Mertz Chief Procurement Officer, Peraton Bill Mertz is responsible for all aspects of the companys procurement organization, including supply chain operations, strategicsourcing and subcontractor management.
The strategicsourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?
Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. In Q3 2021, The Hackett Group conducted a comprehensive performance study of third-party risk management across a wide demographic of companies. What is Third-party Risk Management? .
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. The post Altering the When, How and Why of Supplier Information Management appeared first on Ivalua.
Subsequently, he was assigned to the Office of Naval Research in Arlington, Virginia where he joined the Expeditionary Maneuver Warfare and Combating Terrorism Department, serving as the Deputy Program Manager, and Program Manager (acting) of the Command & Control, Communications, Computers (C4) and Cyber Program.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Developing and executing category strategies is critical to effective strategicsourcing.
Ivalua Spend Management Insights [ivory-search] Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment May 9, 2023 | | Public Sector /by he I have spent most of my career in the private sector and started to get in contact with the space in recent years. Where to Start?
If you work in strategicsourcing and supplier management, supplier collaboration enables you to achieve (or beat!) Smart manufacturers are evolving their supplier management processes to incorporate a higher level of collaboration and capitalize on the benefits.
Managing suppliers through qualification activities will confirm their ability to produce and deliver components at the proper quality and quantities to support customer demand.
Massy, France 05 July , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation. Ivalua is a leading provider of cloud-based Spend Management solutions.
It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. Share on Twitter. Big Opportunity Ahead.
As part of the partnership with Consus, REV has implemented Ivalua, a leading provider of global Spend Management Cloud solutions, to achieve a more focused and faster source-to-contract cycle. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes. Enforcement of procurement compliances.
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.
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. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management.
12, 2019 — Ivalua, a leading provider of global Spend Management Cloud solutions, today announced another record year. Manufacturing clients adopted capabilities that help to launch and deliver more innovative, profitable products faster and better manage associated supply risk, including robust Bill of Materials (BOM) capabilities.
Featured Speakers: Ben Camerlin × Ben Camerlin SATCOM Program Manager Ben Camerlin is the Mobility and Satellite Communications (SATCOM) Program Manager in the Office of Enterprise Technology Solutions, Information Technology Category (ITC), Federal Acquisition Service (FAS). Close SATCOM Program Manager, U.S.
“While it is good that the requirement generated significant industry interest with over 250 proposals received, the established acquisition strategy and evaluation methodology were not suitable to result in a manageable number of prime contract awards. It is in neither the U.S.
Redwood City, 17 August, 2022 – Ivalua, a global leader in spend management , today announced that O-I Glass Inc, an American Fortune 500 company headquartered in Perrysburg, Ohio, has selected its solution to streamline its Global Direct and Indirect Source-to-Pay (S2P) Processes. in 2021 and 24,000 employees. About Ivalua.
Others may still be applied to help businesses better manage the effects of the crisis. And to maximize the impact of these and other objectives, Procurement needs to be managing all spend and all suppliers. Spend under management is key. Apply those lessons you can to better manage the rest of the crisis.
JLL is a long-established global real estate services provider and manager, with revenues approaching $20 billion. He talked about the JLL Marketplace, which the firm offers to its clients and firms occupying the buildings it manages. He gave some really useful experienced-based insight into managing a transformation.
Our customers have seen anywhere between 4-24% cost reduction across a portfolio of initiatives including reduction in procure to pay (P2P) cycle time, increased transparency in the complete procurement life cycle, access to alternate local and global suppliers and effective ways of managing supply chain risks.
Subsequently, he was assigned to the Office of Naval Research in Arlington, Virginia where he joined the Expeditionary Maneuver Warfare and Combating Terrorism Department, serving as the Deputy Program Manager, and Program Manager (acting) of the Command & Control, Communications, Computers (C4) and Cyber Program.
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials.
Offering customers a market leading source-to-pay platform coupled with powerful supplier discovery, diversity and data enrichment from Tealbook. Redwood City, CA –December 8, 2020 — Ivalua , a global leader in Cloud Spend Management solutions and Tealbook Inc. , About Ivalua.
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