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The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
How an agile SupplyChain drives a sustainable competitive advantage. As companies reassess their supplychains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. Zara’s SupplyChain Approach.
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. With regulatory requirements, sanctions regimes, and public scrutiny on the rise, sustainability is a top priority for every organization globally.
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
Joe Niehaus, senior vice president of logistics solutions at LMI, has been named chair of WashingtonExec’s SupplyChain Council for 2024-2025. At LMI, he leads logistics consultants developing and delivering advanced logistics solutions in acquisition and sustainment; infrastructure, energy, and environment; [.]
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
What are Green SupplyChain Strategies? A recent survey that Ivalua did in the UK, “ Gaining the green view, How smart procurement can kick-start sustainability initiatives ” showed that 87% of UK businesses see “greener” supplychains as a competitive advantage.
As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supplychain. Consumers are putting ever increasing pressure on supplychains to perform ethically and are now more aware than ever of what they are buying. This could be positive or negative.
The world continues to change and evolve, and supplychains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supplychain. . Now is the time to act, and to engage your supplychain on this important global issue. .
In recent years, sustainability has increasingly become a top priority for many organisations. Businesses must start looking to the supplychain to ensure this renewed focus on transparency and accountability. Yet currently, this line of alignment on green initiatives does not exist between many across the supplychain.
Under the contract, the company said Tuesday it will help the Air Force Sustainment Center Logistics Directorate improve supplychain readiness, facilitate the decision-making process and provide optimization tools to help meet the goals of AFSC 2.0 and the Digital Depot Vision for Industry.
SupplyChain Transformation is ongoing but never more important than in 2021. SupplyChain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supplychains. What Will Impact Procurement Processes in 2021?
Amazon Web Services (AWS) is supporting the Government of Pará, Brazil, in designing and deploying SeloVerde (Green Seal) , a cutting-edge tool to address climate change challenges and traceability in deforestation-risk supplychains. that it deployed in the AWS Cloud in 2023. SeloVerde 2.1 post-2008 deforestation). SeloVerde 2.1’s
As the demands on supplychains continue to increase, so do the expectations of consumers. Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Leveraging Technology to Transform The SupplyChain.
If you missed our webinar that highlighted the story of Rolls-Royce ’s success overcoming the supplychain challenges during COVID-19, you can still access the full recording and learn more about how they worked to create more resilience and efficiency by modernizing and digitizing their supplychain using Ivalua tools. .
The right cloud technology leads to more sustainable IT and business operations. As a foundation for innovation, the cloud supports the delivery of sustainable products, services, and business models, and gives organizations the opportunity to transform themselves with sustainability at the core of their operation.
She joined the space security and sustainability company after a two-year stint at Ball Aerospace, where she was responsible for overseeing cybersecurity operations, supplychain risk management,
The global supplychain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supplychain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY. Körber at a Glance….
The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Assessing Risk across the SupplyChain.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurement strategy, their benefits and challenges during implementation.
LMI announced it will offer highly specialized services and analysis to the Air Force and the Air Force Sustainment Center to support its Readiness-Spares Packages and Readiness-Based Sparing programs under a $33.9 The company will analyze supplychain data and provide in-depth insights to improve supplychain readiness and management [.]
I will be doing the post on vehicles sometime later this week Contract type 15 - food products, catering and automated vending For food procurement, the text of the Resolution and contract type 15 include a reference to the need to have 'short supplychains'. So what is a 'short supplychain'?
16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices.
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. According to SupplyChain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.
The vision aims to transform the country into a leading economy, a hub for commercial and cultural activities, and a model for sustainable development. Procurement and supplychain teams will play a crucial role in making this vision a reality.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
Following the global climate protests that swept the world in 2019, sustainability rose to become a business priority. In our latest study of UK-based procurement, supplychain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak.
billion indefinite-delivery/indefinite-quantity contract to provide comprehensive supplychain and pharmaceutical management technical assistance services to the U.S. Guidehouse has secured a prime position on a potential 10-year, $2.2 Agency for International Development.
SupplyChain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S. As an advocate for such laws, I recognise the urgent need to make supplychains fairer and more ethical.
In recent years, Körber’s global supplychain management network has been intergrated increasingly into all relevant processes – from product development to requirements processing – due to its significant contribution to the company’s success.
Watch our latest Procurement on Demand webinar that provides insight into sustainable procurement and how it is not just about being green! Sustainable Procurement is changing how businesses acquire the resources they need and how they make careful choices in ‘greening’ their supplychains.
The examples that Musk mentions in the video show that modern supplychains are becoming more global and more complex. Many countries have also introduced new regulations on sustainability (modern slavery, conflict minerals), or diversity, which add new risk factors in terms of compliance. CSCMP’s SupplyChain Quarterly.
Additionally, by researching new suppliers every few months or so, they can ensure they’re always getting the best deal possible on the goods and services they need to sustain their operations. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.
Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supplychain on this important global issue. Sounds interesting? Sign up HERE.
The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and SupplyChain leaders.
We will continue to promote the use of sustainability tools and Climate Literacy training uptake across the sector. This commitment extends to their procurement and supplychain management, which is a vital part of sector activity. Together, we can achieve ambitious goals and usher in a sustainable tomorrow for all.
CTA April 28, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supplychains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.
In recent years, sustainability has increasingly become a top priority for many organizations. Businesses must start looking to the supplychain to ensure this renewed focus on transparency and accountability. Yet currently, this line of alignment on green initiatives does not exist between many across the supplychain.
Photo credit: Flickr While carrying out research on the impact of digital technologies for public procurement governance, I have realised that the deployment of artificial intelligence to promote sustainability through public procurement holds some promise. And it should then put that evidence base to good use.
In today’s rapidly changing world, sustainability has emerged as a critical factor for businesses seeking to thrive and make a positive impact. To demonstrate their commitment to sustainable practices, many organizations are turning to certifications and ecolabels.
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supplychain, procurement and finance business leaders on Effective Procurement Performance Measurement. About Ivalua.
Collaboration means working closely with supply partners to understand the BOM cost drivers and reduce part costs through design changes, operational improvements, and other means to sustain desired product margins over time. Supplier collaboration can unlock tremendous value in multiple aspects of your business.
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