ivalua

DECEMBER 1, 2022

Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships.

Risk Management 52

Risk Management Management Supplier Supply Chain 52

Art of Procurement

OCTOBER 15, 2023

“You need to know your suppliers, what they can and what they can’t do, and what they’re ready to do. The post Relationship Building: The Key to Effective Risk Management in Procurement appeared first on Art of Procurement.

Risk Management 52

Risk Management Management Procurement Supplier 52

ivalua

SEPTEMBER 19, 2022

Organizational abilities to effectively assess risk and engage suppliers to mitigate it are woefully lacking in most cases. For example, nearly half (43.9%) of CPOs responding to a recent survey by Ardent Partners indicated that they do not know what percent of their suppliers are high risk. Few knew until impacted.

Supply Chain 52

Supply Chain Risk Management Management Supplier 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

Art of Procurement

DECEMBER 5, 2022

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

Supplier 88

Supplier Procurement Contract Risk Management 88

Art of Procurement

OCTOBER 22, 2023

“Developing trustworthy and reliable suppliers is critical to your business, and maintaining those relationships is beneficial to the organization as. The post Achieving Next Level Supplier Relationships appeared first on Art of Procurement.

Supplier 64

Supplier Procurement Risk Management Management 64

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.

Supply Chain 105

Supply Chain Supplier Risk Management Inventory 105

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. .

Supplier 52

Supplier Management Supply Chain Risk Management 52

ivalua

NOVEMBER 12, 2019

New Risk Center adds capabilities and integrations to extend existing leadership in enabling holistic management of supplier risk. The latest innovations extend the existing strength of Ivalua’s Supplier Management solution, which had already been recognized as a Leader by Forrester Research Inc.

Risk Management 8

Risk Management Supply Chain Management Supplier 8

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. They may also lack visibility into overall spend, spend categories and suppliers. .

Risk Management 52

Risk Management Supply Chain Procurement Management 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

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

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.

Supplier 52

Supplier Management Collaboration Supply Chain 52

ivalua

AUGUST 1, 2022

The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.

Supplier 52

Supplier Management Supply Chain Sustainability 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

Art of Procurement

DECEMBER 1, 2024

The post Is Supplier Relationship Management the Key to Procurement’s Success? “If you want to be a customer of choice, it’s not going to come down to the contract, it’s going. appeared first on Art of Procurement.

Supplier 52

Supplier Management Procurement Contract 52

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Additionally, procurement technology can help organizations improve compliance with regulations and reduce risk.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

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

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 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. Redwood City, CA, 25 April, 2023. Follow us on LinkedIn and Twitter.

Supplier 52

Supplier Management Supply Chain Media 52

ivalua

APRIL 23, 2020

The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.

Supply Chain 18

Supply Chain Procurement Supplier Risk Management 18

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 Manufacturing 40

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 40

Automotive Supplier Manufacturing Quality 40

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 Procurement Management 52

ivalua

JANUARY 8, 2023

The new set of regulations add an additional layer of compliance and risk management to the procurement process. Procurement teams will need to be prepared and equipped to conduct supplier due diligence to meet the requirements of the act. Further, it is essential that supplier management and data is holistic (i.e.,

Supply Chain 97

Supply Chain Procurement Procurement Team Ethics 97

ivalua

DECEMBER 18, 2019

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Master supplier data doesn’t just matter to Procurement. Accurate supplier data is the fuel that drives critical business processes that impact the bottom line. Supplier data improvements can reduce these costs and minimize the opportunity for error. Operations.

Supplier 40

Supplier Data Management Procurement 40

ivalua

MARCH 29, 2019

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? When it comes to improving existing products (or services), suppliers are often better placed than the business itself to identify opportunities.

Supplier 40

Supplier Collaboration Procurement Procurement Team 40

ivalua

MARCH 16, 2022

Not surprisingly, risk management and cost reduction are considered the most important priorities for Procurement professionals (see image 1). . Therefore, you would expect that Procurement is ready to play an active role in managing supplier risk. Risk Management is Top of Mind. Main Corporate Risks.

Procurement 52

Procurement Risk Management Supplier Procurement Team 52

ivalua

MARCH 31, 2020

Only 16% of beginners proactively monitor suppliers’ contracts for expiration and risk, versus 94% of advanced – this is critical for helping organizations manage today’s global supply chain challenges, such as the Coronavirus outbreak. Ivalua is a leading provider of cloud-based Spend Management solutions.

Procurement Team 18

Procurement Team Procurement Supply Chain Supplier 18

ivalua

NOVEMBER 5, 2015

Which got me to thinking… If you are a manufacturer, what supplier management practices might you eliminate if you had a clean slate? Here are some to consider: Segmenting suppliers by spend – By segmenting on total spend, and only focusing on those who you are spending the most with, glaring gaps open up.

Supplier 40

Supplier Management Supply Chain Buyers 40

ivalua

JULY 22, 2015

This week’s signs deal with supplier relationships. You Have Imbedded a Cost Management Mindset into Every Supplier Relationship. Instead, today’s sourcing pros must facilitate cost improvements through a more sophisticated and complete understanding of cost management strategies involving: Materials. alternatives.

Strategic Sourcing 58

Strategic Sourcing Supplier Supply Chain Manufacturing 58

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. There are many supply chain management lessons to learn from the Covid-19 crisis. Risk & Performance Management.

Supply Chain 69

Supply Chain Procurement Supplier Procurement Team 69

Oxford College of Procurement and Supply

FEBRUARY 19, 2024

Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations. KPIs also motivate suppliers.

Import 59

Import Procurement Supplier Supply Chain 59

Tracker Intelligence

FEBRUARY 22, 2025

Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

Public Procurement 52

Public Procurement Transparency Procurement Tender 52

Tracker Intelligence

NOVEMBER 20, 2024

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. This knowledge enables procurement professionals to streamline operations, optimize spending patterns, and improve supplier performance.

Efficiency 52

Efficiency Data Procurement Supply Chain 52

ivalua

NOVEMBER 23, 2020

One of the most important issues the pandemic exposed has been that most manufacturers have only a limited view into any of their suppliers beyond Tier One. Most have little understanding of who is supplying their suppliers or those suppliers’ suppliers. How do you assess that risk? Check supplier finances.

Supply Chain 52

Supply Chain Supplier Risk Management Evaluation 52

ivalua

JULY 22, 2020

According to the EBA guidelines, outsourcing an activity shall never: Transfer bank’s senior management responsibility of running core management functions (e.g, risk strategy & oversight of business operations). Impair risk management obligations. Perform a supplier due diligence.

Supplier 52

Supplier Risk Management Management Contract 52