This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process.
Since its inception in the late 1980s, strategicsourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategicsourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.
Strategicsourcing is a contemporary approach to supply chain management. It formalises the gathering, analysis and application of information to assist companies in aligning their purchasing strategy with their goals and securing the best possible value. What is strategicsourcing?
Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategicsourcing process. Tom Reynolds / Robert Fretwell. 0207 436 0420.
The platform gives us and our business colleagues full control of our indirect purchasing operations, allowing us to better measure supplier performance, improve user experience, and boost overall efficiency”. Learn more at www.ivalua.com. Follow us at @Ivalua. Global Media Contact. Corporate Communications media@ivalua.com.
If you happen to be a strategicsourcing professional within the manufacturing industry, you probably are experiencing many challenging days at the office. The needs and desires of the purchasing public (business or consumer) quickly evolve and change. The post Want to be a StrategicSourcing Rising Star?
And while no one would say government purchasing has exactly become simple in the intervening 10 years, category management and best-in-class contracting have done their share of work toward making things better. The increase in the value of best-in-class contracts over the past four years. of spending was characterized as under management.
By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. Developing and executing category strategies is critical to effective strategicsourcing.
The National Science Foundation seeks to inform industry regarding the upcoming Unified Network for Innovative Technology and Engineering, or UNITE, blanket purchase agreement procurement opportunity and has issued a draft solicitation for the strategicsourcing effort.
The strategicsourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing.
Engaging suppliers in strategicsourcing events and collaborative cost improvement efforts will ensure that purchased component costs are appropriate to achieve targeted gross margins. Maturity and Decline: Drive Ongoing Innovation and Maximize Margins.
Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategicsourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.
According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Demand planning capabilities.
As is, the healthcare supply chain is complex with multiple players involved such as manufacturers, distributors and group purchasing organizations (GPOs) supporting and interacting with multiple departments and care delivery points. Quite often there can be a general lack of spend and vendor management and strategicsourcing activities.
There isn’t a place for procurement and its stakeholders to build solicitations and RFPs collaboratively, no place for suppliers to see your solicitations or submit bids, no support for sealed bids, no bid evaluation tools, and no integrated way to track internal and external communication that may be needed later to support a purchasing decision.
In his role he works closely with multiple government agencies to address their unique enterprise and mission enabling communications requirements, as well as commercial industry partners to identify capabilities and emerging technologies to address customers’ mobility and SATCOM requirements.
attempt to make a point about the relative value of strategicsourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. The co-dependency that is increasingly common between suppliers and their customers is gradually eroding out-of-date bullying tactics in purchasing.
Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategicsourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.
It is either a data input, such as what we gather and use in spend analysis, or it is a process by-product, such as the information we gather from prospective suppliers during strategicsourcing. Instead, it tells us about our own purchasing habits. It does not tell us much about the suppliers.
Insurance: You can also purchase insurance to protect against disruptions in the supply chain. Prior to his time at Ivalua, Jarrod held various roles in category and supplier management—including strategicsourcing and procurement team management where he led teams to implement shared service procurement models and Source-to-Pay systems.
Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. The company has corporate offices in Houston, Texas, with offices in Brazil, Luxembourg and Nigeria.
But now with strategicsourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in. appeared first on Ivalua.
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. “We Gartner Inc.,
With Ivalua already positioned as a Leader in the latest Gartner Magic Quadrant for StrategicSourcing Application Suites, Ivalua is now recognized as a Leader by Gartner in two Magic Quadrants citing the Source-to-Pay space. Procure-to-Pay (P2P) suites include both eprocurement and einvoicing capabilities. “We Gartner Inc.,
Director StrategicSourcing Digital & Functional Transformation, . Honeywell Group will address the audience with “Rethinking Procurement” , sharing their vision toward setting the right foundation to ensure procurement leaders can be prepared for tomorrow. .
In his role he works closely with multiple government agencies to address their unique enterprise and mission enabling communications requirements, as well as commercial industry partners to identify capabilities and emerging technologies to address customers’ mobility and SATCOM requirements.
In his role he works closely with multiple government agencies to address their unique enterprise and mission enabling communications requirements, as well as commercial industry partners to identify capabilities and emerging technologies to address customers’ mobility and SATCOM requirements.
Prior purchase data is also used for demand forecasting improving resource management and operational efficiency. With this capability, procurement departments can keep abreast of market trends and utilise strategicsourcing opportunities.
Let Ivalua help make orchestrating all these puzzle pieces easier so you can get back to driving real ROI through sophisticated purchasing strategies. With smooth integration across multiple platforms comes valuable insights from combining disparate datasets. Can the software grow with you as your needs change?
This is precisely where organizations see the benefits of a TPRM program built into or working seamlessly with a StrategicSourcing or Source-to-Pay solution. The importance of a single supplier database and a 360 degree view of all information and activity is often underestimated.
An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.
Natacha Trehan, who leads the Purchasing Master’s degree at the University of Grenoble Alpes, will deliver a keynote providing further insights based on her experience working with and advising dozens of procurement organizations over the past decade. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways.
Among the most digitalised tasks are transactional processes like invoicing (55%), purchasing (42%) and budget management (33%). But even these numbers show significant improvement is needed, as these manual, repetitive tasks are a constant drain on employee productivity and prevent spending time on more strategic objectives. .
This month Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ).
demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategicsourcing from a category management perspective.
Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ).
If you are getting started, you are likely looking to start with technology to address a specific process ( StrategicSourcing or P2P for example). For advanced respondents looking to build a competitive advantage, the top obstacles are integration of S2P tools followed by Procurement’s change resistance (13%). Plan to avoid those.
Mike Smith, a former director of strategicsourcing at DHS and now executive vice president at GovConRx, said with the successes of the DHS and other pilots, he hoped the FAR Council would take up this project and support CPARs reforms. But if everyone is rated satisfactory, then CPARs has little to no real value.”
The only exceptions are for contracts solely for the purchase of Commercial Off-the-Shelf items or contracts under the $10,000 micro-purchase threshold. After receipt of proposals, the contracting officer determined that the class waiver of the NMR did not apply to the equipment it was purchasing.
Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. When I joined Bonfire over 9 years ago, we were a small startup with a handful of clients. But I could never have known just how successful Bonfire would be. Driving impact with eProcurement.
Army contracts: the Information Technology Enterprise Solutions 3 Services (ITES-3S) and the Responsive StrategicSourcing for Services (RS3). This multiple award indefinite delivery/indefinite quantity (MA-IDIQ) consolidation of two current U.S.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content