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Managing Supply Chain Disruptions: U.S., U.K. Manufacturers Accelerate Procurement

ivalua

Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supply chain.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

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Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

ivalua

Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The post Procurement & Supply Chain Experts lined up for Ivalua NOW Virtual 2020 on May 5th!

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Why is Benchmarking key for Optimum Business Value?

Oxford College of Procurement and Supply

In order to evaluate whether suppliers offers are giving a business the optimum value, benchmarking is required. When thinking about benchmarking the most common area that is reviewed is price, but as we know (and as mentioned in previous blogs) price is not the sole factor. Contact us to learn more and enrol today!

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Understanding Firm Fixed Price Contracts: Benefits and Risks for Government Suppliers

Public Contracting Institute

Firm fixed price (FFP) contracts are a common type of agreement used in government contracting. Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project.

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Why DoD treats non-traditional innovation suppliers as just plain commercial

Federal News Network

Just this month, the Defense Pricing and Contracting unit issued a memo underscoring that authority. Interview Transcript: Tom Temin Dan, let’s just begin with why you would want to treat nontraditional suppliers as commercial in the first place. And so you need maybe some prompting to break free from that and use the authority.

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The New ABCs of Supplier Segmentation

ivalua

From the moment that manufacturers began outsourcing the making of parts and components that go into their products, supplier segmentation took on extreme importance. Suppliers were quickly categorized in many ways… by quality, performance, price, riskiness, and so on. What is ABC 2 for supplier segmentation?