ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. Supplier Data Quality & Management in Decision Making. Managing a complex network of direct material suppliers.

Supply Chain 69

Supply Chain Procurement Procurement Team Supplier 69

ivalua

DECEMBER 2, 2015

Product manufacturers have become increasingly dependent on their strategic suppliers to create a competitive advantage in the market. These collaborative supplier partnerships present manufacturers with a number of opportunities to achieve greater product success.

Supplier 56

Supplier Strategic Sourcing Manufacturing Innovation 56

ivalua

JUNE 10, 2020

A reliable supply chain can decrease purchasing and production costs for manufacturers and sellers. With that in mind, let’s take a look at how supplier risk management can benefit your business and prevent the disruption of services. Understanding Supplier Risk Management. Form new supplier relationships.

Risk Management 59

Risk Management Supplier Supply Chain Management 59

ivalua

JUNE 6, 2019

If this foundation does not exist or if it is shaky, then buyers don’t know how much the company is spending with a given supplier, let alone how they can improve the efficiency or impact of a given spend category. Direct spend suppliers are large, global, and absolutely critical to the company’s operations and their competitive advantage.

Supplier 40

Supplier Automotive Supply Chain Data 40

ivalua

AUGUST 10, 2015

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. The audience was extremely engaged as many of them continue to look for better ways to generate the most value from the supplier selection process and ongoing supplier management.

Automotive 40

Automotive Supplier Manufacturing Quality 40

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic Sourcing 98

Strategic Sourcing E-auction Automotive Total Cost of Ownership 98

Oxford College of Procurement and Supply

JULY 17, 2024

To enhance our status and ensure that we are providing optimum value without reducing quality, we can work to a LEAN approach. This approach was first implemented in manufacturing in the 1950s after the Second World War. The logic behind LEAN is to reduce waste and make processes more efficient.

Inventory 59

Inventory Manufacturing Transportation Transportation 59

ivalua

JULY 27, 2015

So please forgive this regrettable oversight and kindly note that my opinions are born from firsthand discussions with manufacturers, a steady diet of market research, and a practical desire to identify and solve real customer challenges with enabling technology. I’m going with Supplier Value Management.

Supplier 59

Supplier Leadership Strategic Sourcing Management 59

ivalua

AUGUST 26, 2015

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. Here are three examples.

Supplier 40

Supplier Capacity Automotive Manufacturing 40

ivalua

APRIL 22, 2021

This has led many companies to consider diversifying their networks to include more onshore suppliers in order to reap the benefits of having a supply chain that’s a bit closer to home. . In many cases, international markets have different environmental and ethical regulations when it comes to how suppliers operate and treat their employees.

Supply Chain 52

Supply Chain Supplier Freight Ethics 52

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. Your suppliers can be a competitive advantage or a burden that keeps you from growing. Create a specific data map.

Supplier 40

Supplier Total Cost of Ownership Supply Chain Cost of Ownership 40

ivalua

NOVEMBER 25, 2015

.”) Customer experience initiatives often involve people from diverse parts of a manufacturing organization. However, few manufacturers ever sit back and ask, “How can our procurement or strategic sourcing initiatives contribute to the overall customer experience?” Suppliers are experts in their domain.

Strategic Sourcing 40

Strategic Sourcing Supplier Management Supply Chain 40

ivalua

JULY 27, 2015

So please forgive this regrettable oversight and kindly note that my opinions are born from firsthand discussions with manufacturers, a steady diet of market research, and a practical desire to identify and solve real customer challenges with enabling technology. I’m going with Supplier Value Management.

Supplier 40

Supplier Leadership Strategic Sourcing Management 40

ivalua

APRIL 20, 2023

Hutchinson is a global leader in the design, manufacture, and sale of smart mobility solutions for a variety of markets including automotive, aerospace, defense, rail and industries. Hutchinson started digitalizing procurement in 2014 with Ivalua’s supplier relationship management and spend analysis modules.

Eprocurement 52

Eprocurement Procurement IT E-procurement 52

Tendersinfo

APRIL 8, 2021

A weightage-based criterion helps the procurement team to select the best out of the lot that gives the best value in terms of Cost, Quality, and experience. It takes into account components like Cost, Quality, and Technicality of various bid proposals while deciding a contract award.

Procurement Team 52

Procurement Team Evaluation Tender Procurement 52

ivalua

MARCH 18, 2021

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

Strategic Sourcing 52

Strategic Sourcing E-auction Automotive E-procurement 52

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.

E-procurement 94

E-procurement Supplier Buyers Supply Chain 94

ivalua

DECEMBER 14, 2020

It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. Balancing New Priorities Makes Procurement More Valuable.

Procurement 52

Procurement Supply Chain Supplier Manufacturing 52

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.

Supplier 40

Supplier Management Supply Chain Buyers 40

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. . billion ($2.2

Collaboration 52

Collaboration Contract Supplier Supply Chain 52

ivalua

MAY 30, 2022

Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Digital supply chains use one integrated network for all relevant supply chain partners, including procurement, suppliers, service providers, and even customers.

Supply Chain 52

Supply Chain End to End Transparency Logistics 52

ivalua

AUGUST 17, 2021

Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. What is Direct Procurement?

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

The Softly Spark

JULY 1, 2024

made products are superior quality and more eco-friendly, consumers are increasingly seeking the “Made in the USA” label. Because there is no government-backed symbol for Made in the USA , there are some references that are considered an implied claim – like EPA’s Energy Star , a US flag, map, or other reference to US manufacturing.

Supply Chain 52

Supply Chain Manufacturing Import Sustainability 52

ivalua

JUNE 29, 2020

It is also helping to bridge the supply chain management gap that has traditionally existed between healthcare providers and other industries such as manufacturing. Often this variation is valid and leads to better quality of care but often it is not. Share on Twitter. Big Opportunity Ahead. Watch a BSW webinar here.

Supply Chain 87

Supply Chain Distribution Strategic Sourcing Quality 87

ivalua

SEPTEMBER 26, 2016

There is a lot of talk these days about the benefits of collaboration for manufacturers. These systems were designed for accomplishing functional-specific activities like product design, supplier quoting, materials ordering, (slowly) paying invoices, etc. At Directworks , we serve manufacturers who build highly engineered products.

Collaboration 45

Collaboration Supply Chain Supplier Manufacturing 45

ivalua

APRIL 26, 2019

Industry-focused solutions are coming soon too – manufacturing in May, financial services and healthcare Q3. Chassis Brake International is one of the largest global manufacturers of braking solutions, with 5500 staff, €1 billion euros annual revenues, and 23 sites in 16 countries. Transparency and legibility towards suppliers.

Purchasing 60

Purchasing Supplier Procurement Automotive 60

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. When you work with local experts and access nearby resources, you can ensure top-quality products.

Procurement 19

Procurement Supply Chain Eprocurement Manufacturing 19

ivalua

MAY 11, 2021

“Risk management has become critical, because it’s no longer just about sourcing efficiencies and cost reduction; it’s about ensuring the availability of products, and the materials needed to manufacture those products,” Dr. El-Jawahari said. . They may also lack visibility into overall spend, spend categories and suppliers. .

Risk Management 52

Risk Management Supply Chain Procurement Management 52

ivalua

NOVEMBER 2, 2016

There is a lot of talk these days about the benefits of collaboration for manufacturers. These systems were designed for accomplishing functional-specific activities like product design, supplier quoting, materials ordering, (slowly) paying invoices, etc. At Directworks , we serve manufacturers who build highly engineered products.

Collaboration 40

Collaboration Supply Chain Supplier Manufacturing 40

ivalua

MAY 28, 2014

This is an especially important message for manufacturers’ supply chain organizations. In sourcing, successful manufacturers exploit all available information and analytics to make informed, strategic decisions in support of future success. The world around us is becoming digital at an increasing pace.

Supply Chain 40

Supply Chain Innovation Total Cost of Ownership Cost of Ownership 40

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.

Supply Chain 40

Supply Chain Supplier Manufacturing Strategic Sourcing 40

ivalua

JUNE 2, 2016

CPO’s are now being asked to manage not only the transactional piece of the supply chain, but to also create partnerships with suppliers who are beginning to become more deeply vested in the entire product lifecycle. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Globalization.

Supply Chain 45

Supply Chain Procurement Supplier Global Sourcing 45

ivalua

DECEMBER 5, 2019

Businesses more reliant than ever on suppliers as the pace of innovation increases, but two-thirds view their relationships as primarily transactional. The research , conducted by Vanson Bourne on behalf of Ivalua, found that 60% of UK businesses say they consider the role of suppliers important when it comes to driving innovation.

Supplier 9

Supplier Innovation Collaboration Supply Chain 9

ivalua

JULY 8, 2020

In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurement team to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Supplier Data Quality & Management in Decision Making.

Supply Chain 10

Supply Chain Procurement Procurement Team Supplier 10

ivalua

FEBRUARY 17, 2021

significant experience in Communication Networks and Manufacturing, as well as over 10 years of experience in Market Research, Purchasing, Global Contract Deployment and Management, Supplier Relationship Management and Supplier Performance indicators.

Quality Management 10

Quality Management Purchasing Supplier Manufacturing 10

ivalua

NOVEMBER 7, 2019

Enhancements enable manufacturers to launch more profitable, successful products. These include new Advanced Product Quality Planning (APQP) and New Product Introduction (NPI) capabilities, as well as enhancements to its existing Bill of Materials (BOM) Lifecycle Manager.

Innovation 9

Innovation Management Quality Automotive 9

ivalua

MARCH 16, 2020

For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. The goal was to increase efficiency across the Group’s Business Areas.

Supply Chain 19

Supply Chain Procurement E-procurement Supplier 19