Art of Procurement

FEBRUARY 14, 2023

The post Revisiting the Importance of Supplier Watchlists appeared first on Art of Procurement. When the Chinese surveillance balloon was finally ‘removed’ from the sky over the Atlantic Ocean on February 4th, we all.

Import 96

Import Supplier Procurement Risk Management 96

Select GCR

SEPTEMBER 3, 2024

Navigating sole source procurement? When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This article cuts through complexity to address when sole sourcing is necessary, the justification process, and how to manage the associated risks.

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Procurement Supplier Price Competitive Bidding 52

Art of Procurement

AUGUST 4, 2024

“What’s interesting in financial services is that third-party risk management is very different than supplier risk management. The post Establishing a Single Source of Truth for Third-Party Risk in Financial Services appeared first on Art of Procurement. When a financial.

Risk Management 52

Risk Management Supplier Management Procurement 52

ivalua

MAY 11, 2021

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Strategic Investments Target Risk Reduction. On average, companies in this region plan to invest $1.5

Risk Management 52

Risk Management Supply Chain Procurement Management 52

Art of Procurement

JULY 13, 2023

The post Russia’s Wagner Group as Rogue Supplier appeared first on Art of Procurement. On June 23rd, news broke that the Wagner Group, a private militia operating on behalf of Russia in the war.

Supplier 52

Supplier Procurement Risk Management Management 52

ivalua

JANUARY 29, 2021

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 procurement teams globally. “70%

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Supplier Supply Chain Procurement Team Risk Management 78

ivalua

MARCH 16, 2022

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. .

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

ivalua

JANUARY 8, 2023

What Lieferkettengesetz Means for Procurement? The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. Further, it is essential that supplier management and data is holistic (i.e.,

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. The wave of globalization has made businesses more reliant upon their suppliers than ever before. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. .

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Supplier Management Supply Chain Risk Management 52

Art of Procurement

DECEMBER 5, 2022

The post [Pod] Who is responsible for making sure suppliers break even? w/ Philip Ideson and Kelly Barner appeared first on Art of Procurement. In challenging economic times, each company has to eke the most value out of every contract. But are there limitations.

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Supplier Procurement Contract Risk Management 88

ivalua

APRIL 25, 2023

Ivalua, a global leader in spend management , and KPMG Norway today announced that Aker BP has gone live with Ivalua’s S2C and Supplier Relationship and Risk Management (SRM) solutions to streamline its direct and indirect procurement operations. Follow us on LinkedIn and Twitter.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

DECEMBER 18, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. It plays a role in a number of necessary business functions and is a key enabler of automation throughout the Procure-to-Pay (P2P) process. Who Should Own Supplier Master Data? Risk management.

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Supplier Data Management Procurement 52

The Procurement School

FEBRUARY 6, 2024

P rocurement, a critical component of supply chain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field.

Supply Chain 52

Supply Chain Efficiency Procurement Management 52

ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. Most companies recognize that good supplier relationships are more than simply arm’s length transactions between opposing parties. The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration.

Supplier 52

Supplier Supply Chain Management Warehouse 52

ivalua

APRIL 8, 2021

Supplier diversity is not a new concept. The real challenge is that supplier diversity has generally been viewed as competing with other objectives, such as cost reduction or lowering risk. With diverse suppliers generally being local, that meant supplier diversity competed against the core supplier strategy.

Supplier 52

Supplier Freight Transportation Transportation 52

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Why Should Procurement Prioritize Scope 3? POs, and invoices).

Procurement 52

Procurement Supplier Category Management Purchasing 52

ivalua

JANUARY 30, 2023

Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Why Should Procurement Prioritize Scope 3? POs, and invoices).

Procurement 52

Procurement Supplier Category Management Purchasing 52

ivalua

MARCH 29, 2019

Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. While profit is of course important, and the procurement goal of cost reduction plays a key role here, “you cannot cut your way to growth” (or ultimate success), as the saying goes.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?

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Supply Chain Supplier Manufacturing Procurement Team 97

ivalua

OCTOBER 17, 2022

Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua. Markus Leutert.

Supply Chain 52

Supply Chain Efficiency Manufacturing Procurement 52

ivalua

APRIL 12, 2022

5 Top Tips: How to Increase Procurement Agility in Financial Services. Procurement plays a key organizational role by ensuring compliance with Third Party Risk Management (TPRM) requirements, optimizing spend value, and leveraging a network of innovative suppliers.

Procurement 52

Procurement Procurement Team Risk Management Supplier 52

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.

Supplier 58

Supplier Management Supply Chain Procurement 58

ivalua

MAY 9, 2023

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. 78% engage suppliers more collaboratively than they did 3 years ago.

Procurement 52

Procurement Supplier Collaboration Supply Chain 52

ivalua

APRIL 13, 2021

In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Unlocking Supplier-Led Innovation. As organizations become increasingly dependent on suppliers, the potential value continues to increase.

Supply Chain 52

Supply Chain Procurement Supplier Collaboration 52

ivalua

JUNE 11, 2021

Sustainability is one of the most evolving and growing trends of our time, and it will dominate procurement business discussions well into the foreseeable future. The post Accenture x Bulgari x Ivalua – Five immediate actions to take towards Sustainable Procurement appeared first on Ivalua. Sounds interesting? REGISTER NOW.

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Sustainability Procurement Risk Management Transparency 52

ivalua

DECEMBER 20, 2019

One size does not fit all when it comes to supplier onboarding. Best practices have evolved to a tiered approach that segments suppliers and adapts to dynamic business needs. . A tiered approach to supplier onboarding helps Sourcing and Procurement leaders develop a sensible list of checks and resources.

Supplier 40

Supplier Supply Chain Balance Innovation 40

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. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.

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Supply Chain Procurement Procurement Team Supplier 69

ivalua

OCTOBER 22, 2020

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.

Procurement 59

Procurement Supply Chain Purchasing Supplier 59

ivalua

MARCH 31, 2020

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.

Procurement 52

Procurement Supply Chain Procurement Team Finance 52

ivalua

AUGUST 10, 2015

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. Manufacturers need better supplier information. But the lack of timely & accurate supplier information stood as a great impediment.

Automotive 63

Automotive Supplier Manufacturing Quality 63

ivalua

NOVEMBER 26, 2020

Supply Chain Risk Management on the World Stage – Lessons Learned. We are now redefining the concept and levels of safety stock and strategic inventory within warehouses and at suppliers to ensure a bulwark against future disruptions. . Managing Risk Across the Supply Chain Remains Challenging.

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Supply Chain Supplier Risk Management Inventory 105

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain 52

Supply Chain Supplier Procurement Team Freight 52

ivalua

JANUARY 21, 2020

What will the new year bring for public sector procurement at the city and county level? Taking steps to modernize procurement systems will increase approval rates, and processes enabled by right-fit technology also enable higher levels of value creation through increased visibility, analytical capabilities and results.

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Procurement Supplier Eprocurement Transparency 40

Art of Procurement

AUGUST 15, 2024

The post Fishing for Truth in the Seafood Supply Chain appeared first on Art of Procurement. Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is.

Supply Chain 137

Supply Chain Procurement Risk Management IT 137

ivalua

SEPTEMBER 2, 2019

Peter Smith, Managing Director, Procurement Excellence Ltd. The European Banking Authority (EBA) has published new guidelines on outsourcing , a document that has wide-ranging implications for every banking organisation, and requires careful consideration by procurement leaders and functions.

Procurement 56

Procurement Supplier Management Buyers 56

ivalua

SEPTEMBER 14, 2022

With 30% of respondents indicating their organizations are suffering from an inability to assess risk across suppliers, many are investing in new strategies to minimize the frequency and impact of disruption. The study also found that suppliers will be vital for successfully ensuring supply continuity.

Supply Chain 52

Supply Chain Supplier Collaboration Media 52