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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.
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.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
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.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. If you work in product design or engineering, supplier collaboration is focused on integrating strategicsuppliers into your product innovation efforts. Innovating.
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. Please visit our website: www.cks-consulting.com/en.
The vision aims to transform the country into a leading economy, a hub for commercial and cultural activities, and a model for sustainable development. In this blog post, we will explore how sustainable procurement practices can help organizations reduce greenhouse gas emissions and achieve their sustainability goals.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. If you work in product design or engineering, supplier collaboration is focused on integrating strategicsuppliers into your product innovation efforts. Innovating.
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. Ivalua is a leading provider of cloud-based Spend Management software.
Quite often there can be a general lack of spend and vendor management and strategicsourcing activities. For example, unique workflow and fields in a requisition to capture doctor, patient, product serial numbers & procedure details and route specific product types to specialized buyers/suppliers.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. This knowledge enables procurement professionals to streamline operations, optimize spending patterns, and improve supplier performance.
They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.
Where a business directs its spend can make the difference between an unsustainable imbalance and a sustainable balance to develop society, the environment and the economy equally. Overall, Procurement organisations can influence entire ecosystems of suppliers to develop with this balance in mind. Building Resilience.
Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for StrategicSourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
Ivalua is now the only vendor positioned as a Leader in four separate reports — the Gartner Magic Quadrant for StrategicSourcing Application Suites, Gartner Magic Quadrant for Procure-to-Pay Suites, The Forrester Wave™: eProcurement Platforms, Q4 2019 and this report.
Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier. Monitoring and measuring value is where the procurement organization takes a holistic view of the Source-to-pay process and supplier relationships. What is Direct Procurement?
The city of New York adjusting normally cumbersome processes to secure new sources of supply for unprecedented numbers of ventilators. Dankse Bank accelerated supplier payments to help small businesses stay liquid. Sprint’s strategicsourcing transformation, presents a great example, in multiple ways.
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. That also brought additional functionality in new areas such as risk, and supplier performance. “We
Kicking off the day with our first keynote, Ivalua’s Founder and CEO David Khuat-Duy will present his reimagined vision in a post-pandemic world, leveraging digital transformation to restore growth, and igniting new opportunities for procurement teams and suppliers. Director StrategicSourcing Digital & Functional Transformation, .
And to maximize the impact of these and other objectives, Procurement needs to be managing all spend and all suppliers. For example, 46% of advanced Procurement departments had bonuses tied to KPIs on supplier risk performance and supply chain disruptions, versus a third of less mature organizations. The same applies to suppliers.
Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.
System will improve the experience for employees and suppliers while supporting sustainable growth in shareholder value. The initial scope which was delivered in a 5-month project included Supplier Risk and Performance Management, Sourcing and Contract Management.
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