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Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function.

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How Smart Procurement Software Can Help UK Companies Overcome the Digital Skills Shortage

ivalua

A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. Challenges in hiring digital skills in procurement.

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New research from Ivalua shows UK businesses’ cost focused approach with suppliers is blocking innovation 

ivalua

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.

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Building More Than Contracts: Two Six Technologies’ Mandy Walter-Beam is Modernizing GovCon for Speed, Strategy and Security

WashngtonExec

Mandy Walter-Beam, Two Six Technologies As vice president of contracts and procurement at Two Six Technologies, Mandy Walter-Beam helps to shape the company’s strategic direction, foster growth and lead the complex world of compliance in government contracting. She started her career in the U.S. Air Force as an Arab linguist.

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Ivalua Continues Global Expansion with New Office in Sydney, Australia

ivalua

Throughout his career, he has worked with clients across multiple industries including Real Estate, Financial Services, Telecommunications, Retail and Distribution, Oil, Manufacturing, CPG and Government industries within Australia , New Zealand , Europe and USA. Ivalua is the Procurement empowerment platform.

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CSR is Good for Business, an Independent Consulting Study Reports, but Official Targets & Policies are Lagging Behind

ivalua

One of the main challenges that is holding organizations back is the inability to effectively assess individual supplier CSR performance and measure supply chain performance. Survey participants included decision-makers in procurement in various industries, including CPG, finance, telecommunications, technology, and manufacturing/ automotive.

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Almost three quarters of UK businesses have been exposed to Supply Chain Risk in the last 12 months

ivalua

Supplier failure and supply shortages are the biggest risks, yet many businesses are unprepared to mitigate these events in the future. The most common threats organisations faced include supplier failure (48%), supply shortage (46%) and environmental impact, such as pollution or waste (33%). This is only set to increase further.