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Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. Ivalua’s events have been consistently strong for several years now.
Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources. university, presented at an FNL freight forwarder event, which found that 80% of the data collected in procurement events goes unused.
Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Driver #3: Supply Chain Innovations The Supply Chain industry has been undergoing significant changes since 2020, prompting solution providers to adapt their products to navigate these challenging times.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. In order to establish a unified and consistent source-to-pay process throughout the entire Group, Körber was looking for a fully integrated e-procurement solution.
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 supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Premier event for procurement & supply chain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. to a virtual event, taking place on May 5 and 6, 2020. to a virtual event, taking place on May 5 and 6, 2020. Redwood City, CA.
Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Costs reduction of sourced materials is one way to drive down costs but manually conducting price lookups on multiple options for hundreds of products can prove untenable very quickly.
For Procurement leaders, that typically translates into saving a few percent here. For Procurement leaders today, those missed opportunities can be great. But for the most part, Procurement objectives remain too incremental rather than transformative. . So how can Procurement leaders drive such change? Lose a few pounds.
This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.
But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? This past March, Tim Carroll, Product Availability Team Captain at AutomationDirect, was presented the 2020 World-Class Culture Award at the Atlanta Supply Chain Awards (ASCA).
Premier event for Procurement & Supply Chain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. REDWOOD CITY, Calif. , March 4, 2020 /PRNewswire/ — Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the agenda for the U.S.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “AI allows you to integrate real-time data from various sources, helping you devise more efficient delivery routes and schedules.
February 17, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced another record year in 2020. Empowering Procurement & Supply Chain Leaders Across the Globe. In 2020, Ivalua continued to be recognized as a leader by top analyst firms and industry organizations.
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. About Consus. Consus Global. Saurabh Mehta.
Fewer organizations achieved their business goals in 2023 than in any recent year, aside from 2020. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. With the continued challenges facing supply chains, that is no surprise.
What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?
The fall ritual precedes the dropping of the ball on Times Square to ring in 2020. Most can only measure functional costs—transportation, manufacturing, and procurement. The process definitions that got us to 2020 will not drive leadership in the next decade. Employees are busy with strategic planning and annual budget reviews.
Against this backdrop, our 2020 predictions represent insights from across the ToolsGroup community for technology and practices that support greater supply chain resilience. We believe this sophisticated “algorithmic supply chain planning” as Gartner calls it, will start to enter mainstream adoption in 2020. I hope you enjoy the read!
Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. About Consus. Consus Global. Saurabh Mehta.
What Contractors Need to Streamline Procurement in 2025 By Ian Summers (pictured) Content Writer 111 Views You’re on-site before dawn, the framing crew’s ready, but the steel shipment’s stuck in limbo, the invoice isn’t approved, and your project management app just pinged you for the fourth time.
In todays complex and often volatile global environment, procurement leaders face mounting pressure to cut sourcing costs while navigating geopolitical instability, inflation, tariffs and talent shortages. The truth is, sourcing smarter isnt just about softwareits about strategy, support, and best practices.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
Premier event for procurement & supply chain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. to a virtual event, taking place on May 5 and 6, 2020. to a virtual event, taking place on May 5 and 6, 2020. Redwood City, CA.
Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. People should be thankful, and procurement practitioners proud. Examples abound.
London, UK – June 18, 2020 – Ivalua, a leading provider of spend management software, today announced the general availability of its new platform release 166. Specific release highlights include: Sourcing Decision Center (SDC) – Ivalua’s Sourcing solution now includes intuitive and powerful sourcing optimisation capabilities.
With the added pressure for speed, service and timeliness, paired with a tight economy and produce season coming at full speed, it’s a problematic situation that will continue the 2020 capacity crunch through early summer 2021. What Can Shippers Do About the Safety Blitz.
The discipline, first defined in 1982, includes source, make, deliver, and planning functions. The Company’s revenue forecast for February 2020 is $335M. Coupa is well funded and performed well in the indirect procurement software market. Technology innovation in indirect procurement is not relevant to direct.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. As most of the common pain points and challenges from 2020 continued to be still relevant in 2021, many retailers accelerated their search for next-generation planning capabilities.
In earlier articles in this series on GenAI we have discussed its benefits and how it differs from other forms of artificial intelligence, as well as how in future these will converge to create highly sophisticated solutions, not least in procurement. Procurement, too, is vulnerable. Not the least of these are the cybersecurity risks.
I caught up with a former colleague recently to discuss her procurement project which comprised a year-long strategic sourcing engagement. During the project, she was able to rationalize the supply base, boost procurement efficiencies and drive positive financial results. Gain Efficiencies with Automation.
Source: 2019 Supply Chain Data Quality and Governance Study. According to Spend Matters’ Pierre Mitchell in 2019 “over 40% of senior Procurement leaders have been pursuing advanced digital technologies (AI, RPA, blockchain and others) even though they’ve not always tackled the basics!” But it’s not easy.
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. JFC leverages only best-in-class processes and technologies, with its full operational procurement system used over the years to support its rapidly growing store network in the Philippines.
During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.
Just when things couldn’t possibly get any crazier, 2020 finally came to a close. We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. Published 10 November 2020 – ID G00735109.
The World Procurement Awards celebrate excellence in procurement and represent the pinnacle of professional achievement. The awards spotlight the best practices and transformative strategies shaping the future of procurement. The whole team is thrilled that our work has been showcased in this way.
has selected Ivalua’s platform to drive its Procurement digital transformation journey with PwC as implementation partner. procurement digital transformation started on December 2020 with the Go-Live of the Ivalua Supplier Management module. The digital transformation journey has reached the Go-Live of the Sourcing module.
In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. QAD Adaptive ERP addresses issues procurement teams face involving supply and sourcing decisions, supplier quality, and the means to improve integrated supplier activities.
His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.
PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%
Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. This article will focus on European Union trade regulations because the EU leads in this area.
Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
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