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For Heads of Procurement, CSR is now a major consideration. In our survey, Heads of Procurement ranked supplychain fair labor practices (68% of respondents) and preventing bribery and corruption (52%) as a high priority in their CSR endeavors. Strategies to Improve Sustainability in Procurement.
But for businesses of just about every type, the disruptive impact of the epidemic was something more ominous: It presented an existential threat to their survival. Without an intact supplychain, a manufacturing business will starve for key inputs into its production process. A retailer will have empty shelves.
What Will Impact Procurement Processes in 2021? SupplyChain Transformation is ongoing but never more important than in 2021. SupplyChain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supplychains.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | ProcurementStrategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supplychain teams will play a crucial role in making this vision a reality.
Effective procurement practices allow the establishment of a closed-loop circular supplychain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.
During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. The Criticality of the SupplyChain (and Suppliers).
E-invoicing Mandate | France 2024 March 27, 2023 | | ProcurementStrategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?
Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement? Reporting results enhances accountability and assists in measuring the effectiveness of procurementstrategies.
With the vast amounts of external data that AI has access to, it can provide more information in real-time, which procurement teams can use to facilitate and improve their decision-making. When presented with properly organised databases, AI can provide powerful predictive analysis and projections based on historical data.
Having spent over $100 billion on information technology (IT) products and services in 2023, the federal government sees itself as a market driver able to steer industry policy through government-wide procurementstrategies. James Peake , M.D.,
Asking vendors to use “show, don’t tell” approaches such as oral presentations, pilots, or trials to demonstrate the technical capabilities of their AI products in action. James Peake , M.D., James Peake , M.D.,
We are eagerly anticipating her keynote presentation and the opportunity to be inspired by her words! 2023 Procurement Awards Ceremony Experience the future of procurement at Ivalua’s 2023 Awards Ceremony , where we recognize and honor innovators who have revolutionized their supplychainstrategies!
Identifying your agency’s position and mapping out an AI roadmap will be increasingly crucial to guiding your hardware investment strategy and ensuring your agency is prepared for the future, not just the present. One thing will become clear: A one-size-fits-all approach to hardware simply won’t cut it in the AI era.
A wave of recent changes in federal and state law pertaining to PFAS chemicals is likely to present both immediate and long-term challenges to the government contracting community. At the state level, a growing list of states are enacting total bans on the sale and distribution of such products and components.
Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, directly highlighting the impact of US tariffs on UK supplychains. For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance.
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