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PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurementteams globally. “70%
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Below, we’ve lifted the main webinar takeaways from panel contributors and Vishal Patel, VP of Product Marketing at Ivalua. View Webinar Replay. Procurement 2022: Big Trends and Predictions. #1. More on that here.
Even in terms of the “improved sales / marketing” route, there are possibilities – maybe procurement can work with the marketing team to find innovative suppliers in areas such as digital marketing? For one European bank, the capability of their internal procurementteam has become a customer benefit that is winning new revenue.
Tightening the Alignment between Procurement and Corporate Leaders . Using procurement as a catalyst for change . In a recent webinar with PricewaterhouseCoopers (PwC), we compared 3 different global studies where Procurement and C-level Management stakeholders addressed digitalization, risk, and ESG. . CEO Priorities.
TOP TEN CPO PRIORITIES for 2022: Webinar Recap. In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . View Webinar Replay. REDUCE SPEND COST .
Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurementteams. . Lack of control or visibility into what is being spent and with which suppliers. Who purchased it.
Ivalua recently hosted a webinar to hear from procurement leaders about how eProcurement solutions can transform historically lengthy and manual processes, enabling governmental organizations to pivot quickly and adapt in times of crisis while, at the same time, providing long-term benefits. On Upcoming Trends.
We know that Procurement is going through a huge transformation, and we know that some departments are charging ahead while others are just getting started, but this is what The Hackett Group says Procurementteams are evolving into in 2019 and in the years to come.
Aside from mitigating risk and saving organizations money, Procurementteams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Ardent found that many didn’t even know how many suppliers are high risk.
In a recent webinar, “ How to Leverage S2P Platforms to Enable Supply Chain Resilience ,” procurement experts from Forrester, Ivalua and Procurement Leaders discussed how digital transformation and the technologies that enable it can help companies mitigate risk and be more agile and resilient.
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. Geopolitical manipulation on suppliers worldwide adds to the pressure.
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. Geopolitical manipulation on suppliers worldwide adds to the pressure.
Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurementteams to foster more diversity in their vendor pool. Here are the highlights of this discussion or you can watch the webinar here.
Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Supplier Selection. ESG Objectives for Buyers.
It may be a controversial statement to make, but the value that a procurementteam can deliver within a financial services organisation is lower than what can be delivered in other sectors. Register for the webinar today. This means that the whole process can be covered with complete visibility of a transaction.
The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. To maintain its upward trajectory, procurement must now show that it remains relevant as corporate priorities shift to restoring growth.
If the amount is over the threshold, sourcing is led by the procurementteam, whether through a public bid, NOI, or limited tendering option. Going forward, the agencies that use a patchwork approach are working towards adopting a single tool that will streamline their processes and support procurement success.
Chief Procurement Officers stand at the precipice of change and taking the next steps towards Procurement innovation is going to require strong leadership and expert guidance. There are 3 steps in the Procurement Digitization Journey. Adoption can stand in the way – stakeholders, suppliers and compliance can be tough.
80% of webinar attendees indicated that their organizations have implemented, or are in the process of implementing, rate increases. A lot of agencies view procurement as a transactional tool for negotiating with suppliers. I learned that the hard way at DC Water.”. It’s no wonder equity is top of mind for the panelists.
To help you navigate these opportunities and challenges, we reached out to two expert panelists: Joel Neavell , Director of Procurement for the Louisville Metro Government , and Ken Hillebrand , Deputy Director of the Louisville Accelerator Team. Preparing for the funding. Supporting stakeholders.
ESG initiatives significance in your Supplier Management Strategy. How to incorporate ESG data into sourcing, procurement, and supplier management decisions. For example, our integration with Tealbook can make the requirement to discover and include diverse suppliers efficiently as part of the source-to-pay process. .
During a recent webinar hosted by Ivalua, Partner Dr. 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.
By addressing these challenges, procurementteams can enhance transparency, ensure compliance, and deliver value for money. Source: [link] The Key Challenges In Public Procurement Regulatory Complexity With the Procurement Act 2023 evolving, procurement is treated with a lot of oversight.
GSA Provides Updated Instructions on Identifying SUP Free Packaging GSA has updated an Interact post that explains how suppliers can garner a Single Use Plastic (SUP) free icon for products on GSA Advantage! She also shares her views on effective leadership, offering insights into what makes leadership successful in the procurement field.
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