Remove 2021 Remove Procurement Remove Sourcing
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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.

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Navigating the Complex Landscape of ESG and Forced Labor Regulations: Insights from IBM’s Conference

Logistics Viewpoints

The Uyghur Forced Labor Prevention Act (UFLPA), signed into law on December 23, 2021, aims to prevent goods made with forced labor from entering the U.S. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.

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Most Popular Logistics Stories from 2021

Logistics Viewpoints

So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). year-on-year in 2020 with a 39% increase in Q1 2021.

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New Study Shows Global Trade Compliance Is Not Slowing Down Any Time Soon

Logistics Viewpoints

The UFLPA, signed into law on December 23, 2021, specifically targets goods from the Xinjiang Uyghur Autonomous Region (XUAR) in China. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. market unless proven otherwise. from Canada and Mexico.

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Unmasking the Supply Chain: How Blockchain Brings Transparency and Trust

Logistics Viewpoints

Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.

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Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

ivalua

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%

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

The peak disruption was in December 2021. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. (Yes, Build in-market sourcing.