Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

Ivalua CEO David Khuat-Duy on Tuesday kicked off Ivalua NOW 2019 Chicago, at the Renaissance Chicago Downtown Hotel and welcomed hundreds of customers, prospects and partners. The event was themed on “The Art of Procurement” relating to how the further procurement leaders mature in their transformations, the more their approach shifts from science to art. The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

The Science and the Art of Procurement

ivalua

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Much of our focus in the last twenty years or so within the procurement profession and within our specific procurement functions has been on what we might call the “Science of Procurement”. Author: Peter Smith , Managing Director at Procurement Excellence Ltd.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Procurement can’t afford to be a digital laggard in today’s complex landscape

ivalua

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue. However, as things stand, many Procurement teams aren’t digitally mature enough to provide this input to the business. Alex Saric, CMO, Ivalua.

Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. Leaders need to be more ambitious if they are to truly establish Procurement as a source of strategic value. The same applies to Procurement. The post Establishing Procurement as a Competitive Advantage appeared first on Ivalua.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Procurement 2020… Will anything change?

All Things Supply Chain

It seems as though procurement has been anticipating the arrival of 2020 since the minute the ‘Y2K’ buzz wore off. Predictions and research, webinars and report titles… ‘Procurement 2020’ has… General Procurement Management Supply Chain Management procurement

Why Agility and Creativity are the New Vital Procurement Drivers  (but don’t sacrifice “effectiveness”)

ivalua

Peter Smith, Managing Director at Procurement Excellence Ltd. If Procurement people, functions and organisations are going to be successful, it is obvious that we have to adapt to the changing wider business and social environments. Whilst we might question why there aren’t more CPOs on the Board and so on, there are far more Procurement professionals than 50 years ago, and the profession is much better recognised and established. August 2019.

Is Procurement Drowning in Data?

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Trillion USD, reported in 2018 ( wto.org 2019 ). Is Procurement drowning in data? Source: PwC 2019.

21st Century Procurement Skills (Guest Post by Christoph Flöthmann)

SCM Research

Our guest post today comes from Christoph Flöthmann, an expert in strategic and digital procurement, who has recently co-authored a new report. Digitalization already has a major impact on procurement, as we write in our new report: 21st Century Procurement Skills. This is ultimately driving procurement effectiveness, efficiency and compliance. Practice Research Digitalization Procurement Report

How Procurement can help to drive Supplier-led innovation

ivalua

Procurement is essential for organisations looking to build relationships. To overcome these challenges, organisations need to invest in supplier collaboration and take a smarter approach to procurement so they can better-identify opportunities to collaborate. Smart procurement software gives businesses a 360-degree view of suppliers, providing a deeper understanding of who they work with and which suppliers could help on each project.

8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. To cover your full master data needs, Procurement should work with all internal stakeholders to map out the supplier lifecycle from end to end. To get the full view of your master data needs, Procurement and other internal stakeholders should map out the end-to-end supplier life cycle.

Data 109

Procurement in the Digital Age

Talking Logistics

There has been a lot of discussion the past couple of years about digital transformation, which is impacting all aspects of supply chain management, including procurement. What’s new and different with procurement in this digital age? How can external partners help companies achieve excellence in procurement? Read more Procurement in the Digital Age. The post Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez.

Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. The event is free to attend and aims to attract hundreds of procurement and supply chain professionals to discuss and learn more about the latest industry trends and processes. In the process, these advances are enabling procurement leaders to look beyond their traditional remit.

Modern CPOs on their way to Smart Procurement

ivalua

Last week, the Ivalua team attended an interesting CPO Round Table organized by the CIPS MENA in Dubai on the theme “Enabling Smart Procurement Today.” What we can notice is that the application of Smart procurement technologies is becoming key for them to think strategically, act quickly and take the right decisions at the right moment in a permanently evolving environment. The post Modern CPOs on their way to Smart Procurement appeared first on Ivalua.

Inefficient Procurement processes are costing UK businesses almost £2m per year, reveals research

ivalua

29 th August 2019, London – Research from Ivalua , a leading provider of global spend management cloud solutions , has shown that Procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual Procurement processes, which is costing UK businesses on average £1.94m annually* and limiting Procurement teams’ ability to deliver more strategic value.

Procurement Can Prepare for  Supply Chain Risk

ivalua

Alex Saric, Smart Procurement Expert, Ivalua. Procurement has a vital role to play in identifying and managing risk. In January 2019, e.l.f. Procurement has a vital role to play. With almost three quarters (74%) of organisations saying they have faced some type of supply chain risk in the last 12 months, it’s clear that Procurement leaders must ensure organisations can react to, and proactively plan for, risk that could impact business operations.

7 Challenges Facing Supply Chain Leaders in 2019: What’s changed?

CHAINalytics

The post 7 Challenges Facing Supply Chain Leaders in 2019: What’s changed? Blog Feature AI Artificial Intelligence Blockchain dedicated fleet Freight Rates macroeconomic trends tms Transportation Procurement Transportation Ratesappeared first on Chainalytics.

Chainalytics Delivers Award-Winning Global Logistics Procurement Program

CHAINalytics

Atlanta, GA (June 25, 2019) — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has included a global logistics procurement program created and implemented by Chainalytics in the 2019 SCDE 100, an annual list of great supply chain projects.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

Procurement Trends 2019 – what’s your priority?

Eyvo

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Project-based procurement, consultative engagement, product and service specialization, need for geographic presence, among the many factors will permeate procurement.

Spend Matters Awards Chainalytics For Transportation Procurement Innovation

CHAINalytics

Atlanta, GA (April 22, 2019) — Chainalytics, a recognized global leader in supply chain consulting, analytics, and market intelligence, is excited to be named a 2019 Provider to Watch by Spend Matters. “We’re Our inclusion in this year’s list is another testament to the … The post Spend Matters Awards Chainalytics For Transportation Procurement Innovation appeared first on Chainalytics.

A Procurement Resolution – Realize Your True Potential

ivalua

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. A Forrester study on enabling smarter procurement found only 22% believe their reporting and analysis is where it should be and only 22% that they have the required agility to respond to changing requirements. Alex Saric, Chief Marketing Officer, Ivalua.

Procurement and the Need for Speed

ivalua

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. So, what should “speed” mean for Procurement leaders, and why is it so important for us today, as well as for Ferrari and McLaren? . Author: Peter Smith , Managing Director at Procurement Excellence Ltd.

The Potential and Risks of Cryptocurrency in Procurement

All Things Supply Chain

There has been a… General Procurement Management Supply Chain Management cryptocurrency procurement“Change of this magnitude is hard. You know you’re on to something when so much pressure builds up.” – David Marcus, Co-creator of Libra on Twitter.

Trends 2019: Manufacturing

Enterra Insights

Look for this trend to accelerate in 2019 as the fastest-growing manufacturers who have succeeded in winning new customers turn to robotics to fulfill the high volume orders of their new, and often foreign-based customers.”[4]. In 2019, technology is becoming smarter, with the cloud, IoT, AI, and machine learning delivering instant intelligence. Accordingly, manufacturing supply chains will become more intelligent in 2019, as well.”[6].

Trends 100

6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress. Here’s a look at some of the Procure- to-Pay metrics procurement leaders should watch in order to better understand their digital progress.

Procurement Trends 2019 – what’s your priority?

Eyvo

There is no shortage of predictions from procurement experts and companies. Anyone can purchase products and services so procurement, as a department, has the challenge of showing value in every aspect of their existence. The race for procuring, pun intended, the best talent has been challenging. Project-based procurement, consultative engagement, product and service specialization, need for geographic presence, among the many factors will permeate procurement.

Ivalua and Axbility Consulting partner to help companies create value through successful procurement transformation

ivalua

Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & Supply Chain Leaders. NYC, NY – January 23, 2019 – Ivalua, a leading provider of global Spend Management Cloud solutions, and Axbility Consulting announced today that they have signed a partnership agreement welcoming Axbility Consulting to the Ivalua Alliance Partner Program.

Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Overall, the first quarter of 2019 proves yet again that there’s never a dull moment in this industry. In case you missed them the first time around or want to read/view them again, check out the top posts and new episodes from Q1 2019. The post Top Talking Logistics Posts & Episodes (Q1 2019) appeared first on Talking Logistics with Adrian Gonzalez.

Video 87

WEBINAR: AI in Procurement – Thursday, 24 October 2019 | 2:00 – 2:45 PM CET

Bristlecone

Join Bristlecone experts for a webinar and live system demonstration on 24 th October 2019 at 2:00 PM CET to learn how to leverage advanced technologies to address critical day-to-day procurement challenges – and see some of these technologies in action. Register Now > The post WEBINAR: AI in Procurement – Thursday, 24 October 2019 | 2:00 – 2:45 PM CET appeared first on Bristlecone. Webinars artificial intelligence procurement supply chain webinar

Supply Chain Optimization: What does it mean in 2019 and beyond?

River Logic

The value of predictive analytics allows companies to view the history of a seasonal product’s raw materials, for example, and predict how procurement needs to source the upcoming season’s inventory. Procurement gets a win for reducing costs, but the company doesn’t necessarily benefit if the product has overall lower margins than other SKUs, which could have been promoted.

Key Automotive Attractions and Pit Stops at Explore 2019

QAD

We have a lot in store for you and your colleagues, so please consider this roadmap of key attractions and pit stops for this year’s automotive sessions at QAD Explore 2019. Procure to Pay – A Day in the Life. Be sure to check out the complete Explore 2019 Agenda for more information on these sessions as well as the other breakouts, training classes, demos and networking activities.

Procurement – Creating organisational Value

Cranfield

With a wider view than purchasing cost management, procurement is the organisation’s gateway to external resources, which are typically valuable and rare. Cranfield School of Management Featured Learning Featured Leadership Featured Sidebar Leadership Featured Sidebar All Featured Sidebar Learning Featured All exec-feature Procurement Supply Chain value added purchasing cost management supply management value-adding procurement

MACHINE LEARNING AND PROCUREMENT

Eyvo

MACHINE LEARNING AND PROCUREMENT. Importance of Machine Learning in Procurement. Procurement, on the other hand, has been famously known to increase efficiencies and time and cost savings. Digital procurement has automated the processes and has abolished the tedious methods of traditional procurement. Therefore, procurement is already familiar with such technological advancements and adopting machine learning could be a welcome change.

Procurement not Advancing to the Next Level

Prophetic Technology

procurement supply chainGlobal competition has changed the way executives value the improvements reached by Purchasing and Supply Management processes. What are the benefits? Many: A more competitive Supply Chain ( SC ), improved- product development , plus the low-cost advantages related to sourcing from other countries, and quicker times to market , to mention a few.