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
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.
Strategicsourcing is a contemporary approach to supply chain management. In this post, we explain what strategicsourcing is, why it is important and how it can be implemented. In this post, we explain what strategicsourcing is, why it is important and how it can be implemented.
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.
However, few manufacturers ever sit back and ask, “How can our procurement or strategicsourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategicsourcing is the first place to start shaping the customer journey.
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.
It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. When you work with local experts and access nearby resources, you can ensure top-quality products.
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. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
Buying supplies, equipment, low preference items and the latest innovations to support high-value care delivery is expensive and while it’s not an area where you want to skimp, there are certainly ways to reduce these expenses without impacting quality of care. For many it’s likely that the opportunity is much larger.
Managing suppliers through qualification activities will confirm their ability to produce and deliver components at the proper quality and quantities to support customer demand.
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. This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)
Ivalua prides itself on enabling customers to trust and control supplier data, improving quality of existing data and enabling 360-degree supplier visibility. With Tealbook, customers can now access an “always-on” source of quality supplier data.
The excitement over this potentially $5 billion multiple award indefinite delivery, indefinite quality contract among industry was a high as any opportunity on the street over the last few years. The Air Force was 18 months into the Enterprise Cyber Capabilities acquisition and on the brink of making awards.
This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . Digitization Benefit #2: StrategicSourcing Alignment. The role that procurement plays in manufacturing organizations is a difficult one.
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.
He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategicsourcing. Simplification of systems and tools was a key part of the programme. Rogers had no less than 10 (!)
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. Additionally, having a way to improve the quality of supplier master data is important to consider.
Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategicsourcing processes.
With this capability, procurement departments can keep abreast of market trends and utilise strategicsourcing opportunities. Ensuring Data Quality and Governance Poor data quality undermines the value of procurement analytics.
For manufacturers, the Direct Procurement process typically begins with the new product introduction (NPI) process which includes product design, product sourcing, quality and product launch and continues through production all the way to the product’s end-of-life.
For instance, the rapid adoption of edge computing can be attributed to 5G’s superior qualities. This has provided a huge boost to digital transformation in both the public and private sectors.
At Ivalua, we understand the importance of having a single source of truth for your data. Having supplier information scattered across multiple systems can lead to data quality issues and even duplicate records for the same supplier.
The main categories of risk are covered in Figure 1 to include supply chain, information security, location, CSR or ESG, financials, regulations, quality and reputation. 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.
Last year, 62% of enterprises that made an investment in supply management technology over the past two years took the suite-based approach (strategicsourcing suite or full Source-to Settle suites. to analyze market data, industry factors, and sourcing information to identify and find pricing trends. More on that here.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality.
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s StrategicSourcing Application Suites Magic Quadrant.
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contract management and supplier risk and performance management (SRPM), similar in scope to Gartner’s StrategicSourcing Application Suites Magic Quadrant.
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. “The But if everyone is rated satisfactory, then CPARs has little to no real value.”
“We’d like to thank FCL for their trust and our partners for a rapid deployment of this innovative solution that helps avoid supply disruptions in times of crisis, improve the quality and efficiency of savings from strategicsourcing, but also drives supplier innovation and enhances ESG programs“, said Dan Amzallag, Ivalua’s COO.
Healthcare Spotlight: DHA MEDLOG Team Supports Supply Chain Functionality for MHS DVIDS reported on the work of the Defense Health Agency’s (DHA) Medical Logistics Directorate, known as MEDLOG, to help ensure that the Military Health System (MHS) delivers high-quality care to its approximately 9.5
Army contracts: the Information Technology Enterprise Solutions 3 Services (ITES-3S) and the Responsive StrategicSourcing for Services (RS3). If an order is not set aside the contracting officer must document the reason and coordinate the decision with the PCR.
The Department also plans to focus strategic efforts on goals that support DoD’s hierarchy of needs (see below). The external goals exist to ensure that quality data is developed, which is then managed with responsible governance.
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