ivalua

FEBRUARY 10, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 105

Price Supply Chain Supplier Procurement Team 105

ivalua

JUNE 26, 2023

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.

Procurement 97

Procurement Strategic Sourcing Supply Chain Sustainability 97

ivalua

JULY 21, 2020

Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. Blending of IT and procurement teams.

Procurement Team 52

Procurement Team Collaboration Procurement IT 52

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. A recent webinar hosted by Supply Chain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives.

Supply Chain 52

Supply Chain Sustainability Supplier Balance 52

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. FCL is a wholesaling, manufacturing, marketing and administrative cooperative that has been recognized by a wide variety of awards.

Balance 52

Balance Sustainability Supply Chain Management 52

ivalua

MARCH 4, 2016

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies. Avoiding change is a common issue across the manufacturing industry in general. Time is Money.

Supply Chain 40

Supply Chain Supplier Manufacturing Strategic Sourcing 40

ivalua

AUGUST 11, 2022

The initial focus is on digitising the Procure-to-Order process with subsequent phases planned for invoicing and sourcing. Aegion’s procurement team planned a multi-phase transformation to deliver efficiency and transparency, while ensuring savings flow to the bottom line. Ivalua will also deliver implementation services.

Procurement 52

Procurement Supply Chain Procurement Team Efficiency 52

ivalua

MAY 6, 2020

How an agile Supply Chain drives a sustainable competitive advantage. As companies reassess their supply chains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. Zara’s Supply Chain Approach. Zara & fast-fashion.

Supply Chain 15

Supply Chain Procurement Retail Sustainability 15

Select GCR

SEPTEMBER 3, 2024

A sole source situation exists when specific criteria are met, emphasizing the need for thorough verification of the exclusivity of the source, especially in cases involving ‘sole brand’ or ‘sole manufacturer’ items that may have multiple distributors. This indicates the presence of competitive market alternatives.

Procurement 52

Procurement Supplier Price Competitive Bidding 52

ivalua

SEPTEMBER 13, 2021

35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. Survey participants included decision-makers in procurement in various industries, including CPG, finance, telecommunications, technology, and manufacturing/ automotive.

Consulting 52

Consulting Supply Chain Automotive Supplier 52

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” Start by Putting the Right Technology in Place.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

AUGUST 17, 2021

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

JULY 8, 2020

As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis. These challenges in the direct material supply chain pose a real threat, especially in a time of crisis.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings. please visit: [link]. About the study.

Supply Chain 65

Supply Chain Procurement Supplier Procurement Team 65

ivalua

MAY 11, 2021

Bashar El-Jawahari, PwC’s Middle East Procurement and Supply Chain Leader, explored the findings unique to the region. According to Dr. El-Jawahari, procurement’s priorities have shifted in the Middle East since the pandemic’s onset. Strategic Investments Target Risk Reduction.

Risk Management 52

Risk Management Supply Chain Procurement Management 52

ivalua

JUNE 6, 2019

While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and Supply Chain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.

Supplier 40

Supplier Automotive Supply Chain Data 40

ivalua

MAY 9, 2019

The most fundamental spend categorization in Procurement is the line between direct and indirect spend, but one effort that transcends this split is supplier management. This includes supplier information management, supply chain risk management/mitigation, and supplier performance management. Industry: Manufacturing.

Supplier 58

Supplier Management Supply Chain Purchasing 58

ivalua

DECEMBER 21, 2021

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. Together FCL and those local co-operatives form the Co-operative Retailing System (CRS).

Supplier 52

Supplier Integration Integrity Retail 52

ivalua

SEPTEMBER 28, 2020

So for the last decade the Procurement teams have been pushing the ‘No-PO, No Pay’ mantra, it’s now even ‘Government Policy’. However, ask any AP team member, in any company and they’ll tell you it’s impossible, ‘our business just doesn’t work like that!’ There are exceptions to every rule, and that rule just doesn’t work.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

ivalua

SEPTEMBER 24, 2020

Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. More than eight-in-ten (84%) UK businesses believe that the skill set required of procurement professionals has shifted from procurement-first to digital-first. About the study.

Procurement 12

Procurement Supply Chain Procurement Team Finance 12

ivalua

NOVEMBER 7, 2019

Enhancements enable manufacturers to launch more profitable, successful products. Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products.

Innovation 9

Innovation Management Quality Automotive 9

ivalua

MARCH 30, 2022

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .

Supplier 52

Supplier Supply Chain Procurement Team Tender 52

ivalua

NOVEMBER 29, 2022

The increase is directly correlated to the turbulent market caused by the pandemic, supply chain disruptions, and rapid inflation. When it comes to supply continuity, being proactive about mitigating disruptions is essential, yet many procurement organizations may still lack sufficient resources. Risk Metrics.

Supply Chain 52

Supply Chain Supplier Collaboration Transparency 52

ivalua

AUGUST 16, 2022

According to the SBTI, the next hurdle lies outside of organizations’ four walls in organizations’ supply chains. Companies also face engagement gaps between their suppliers and procurement teams.”. Spend Matters found that almost 70% of organization’s emissions come from their supply chain.

Supply Chain 52

Supply Chain Sustainability Supplier Collaboration 52

American City & Country

AUGUST 28, 2024

12 Responsible Consumption and Production , calls for a systemic approach and cooperation among all stakeholders along the supply chain to achieve sustainable production and consumption patterns. calls for the promotion of “public procurement practices that are sustainable, in accordance with national policies and priorities.”

Purchasing 52

Purchasing Sustainability E-procurement Procurement 52

ivalua

APRIL 23, 2021

At a recent roundtable with The Manufacturer magazine, the benefits of cross functional collaboration for procurement was raised as a discussion point for the session. . One of the most interesting suggestions is that a procurement team should take a service mindset when working with the budget holders within the organisation.

Collaboration 52

Collaboration Automotive Procurement Team Manufacturing 52