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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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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.
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.
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.
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.
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.
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%
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.
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.
What Will Impact Procurement Processes in 2021? Supply Chain Transformation is ongoing but never more important than in 2021. In 2021, organizations will look to further capitalize on their investments by realizing additional cost benefits. This was due in large part to the way they were designed. “For
Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. A digital supply chain platform enables these interactions between planning, sourcing, and procurement ? Let’s face it ? the traditional supply chain model is falling short.
The Commercial Vehicle Safety Alliance (CSVA) International Roadcheck is set for May 4-6, 2021. 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.
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. Supply chains will get more regional and focus more on alternate sourcing/ substitution options.
Ivalua NOW 2021 – Premier event for Procurement & Supply Chain practitioners will showcase latest spend management innovations and extensive line-up of industry leaders . The 2021 series will take place virtually, on March 23-25 for European time zones and on April 27-29 for America’s time zones.
I provided a glimpse of the study content in an article in October that lists the top 20 warehouse automation suppliers , based on ARC’s estimates of 2021 revenues. In fact, retail and other verticals such as logistics providers (parcel) experienced rapid growth from 2019 – 2021. percent four-year CAGR. Growth Inhibitors.
The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography.
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.
What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis.
Trey and his Co-founder Taha Zinifi started Amplio in Summer 2021 to help solve one of the most critical supply challenges facing the industry. Trey and the Amplio team believe that sourcing electronic components should be easy and predictable. Streamline procurement. Access diverse sources of supply. Amplio on LinkedIn.
Between the Carbon Border Adjustment Mechanism ( CBAM ) and the Corporate Sustainability Reporting Directive ( CSRD ), any large company that intends to conduct business in the European Union will be responsible for reporting on data that encapsulates environmental risk, procurement statistics, and supply chain impacts.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). 5 Procurement Increasing Its Focus on and Use of Data.
in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. Mr. Niebur’s and Thiessen’s presentation was taped in November of 2021 and then played online in February.
On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019. Especially grievous are the gaps between finance and operations, manufacturing and procurement, and the operations and commercial teams. Build Strong Supply Chain Sourcing Development Practices.
If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. And, what should you do about those COVID-related swings in your historical … The post Freight Procurement in a Pandemic: Preparing for the Bid appeared first on Chainalytics.
Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Agile Procurement in Canada. Social Procurement Framework in European Union.
Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. All within the same automated workflow, tightly linked to the invoice and procure-to-pay process.
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.
When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. As shown in Figure 1, the results for the period of 2012-2021 tell the story. Shown in Figure 2, we track the results for the period from 2006-to 2021.
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. Ivalua was again positioned as a Leader by Gartner in the 2020 “Magic Quadrant for Procure-to-Pay Suites. Redwood City, CA.
2021 came with a new set of challenges as global and local supply chains were hit by raw materials shortages, accompanied by longer lead times and higher shipping costs, lack of labor, and the pent-up demand actualizing as record-breaking sales. It provides a single source of truth with visibility and analytics based on the same data.
Customer Polaris Named Supply & Demand Chain Executive’s 2021 Top Supply Chain Project with ToolsGroup JUNE 2021 – Supply & Demand Chain Executive, the only publication covering the entire global supply chain, selected Polaris to receive a “Top Supply Chain Projects Award for 2021” for its project with ToolsGroup.
Massy, France 05 July , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation. About Ivalua. Learn more at www.ivalua.com.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. Most of the shippers procure their transport through long-term contracts with selected carriers. Synopsis: GeTS Webinar 9th Sept 2021.
Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .
He has extensive experience in the industrial supply chain and distribution space, as he was recognized as a Supply Chain Pros to Know by Supply and Demand Chain Executive in 2021, 2022, & 2023. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.
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.
Thuy Mauge is a Supply Services Manager for the Los Angeles Department of Water and Power (LADWP), the largest municipal utility in the United States, overseeing various procurement programs for Supply Chain Services (SCS) division. The post 2021 – AMER – Thuy Mauge appeared first on Ivalua.
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. Attack GNFR Spend.
8 April, Redwood City, CA – 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 restoring growth. Now is the time to digitalise procurement and use it as a growth driver.
8 April, Redwood City, CA – 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 restoring growth. Now is the time to digitalize procurement and use it as a growth driver.
Matt is the Co-Founder and CEO of popcapacity , which is dedicated to simplifying the process for sourcing warehouse space. Matt and his partner, Derek Loftus started popcapacity in 2021 with the goal of delivering frictionless 3PL warehousing and fulfillment capacity by leveraging marketplace style technology and AI. popcapacity.
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.
VP, Indirect Procurement. For many organizations, Covid-19 created a detour along procurement’s transformation, shifting priorities and disrupting plans. Aurea has a degree on International Business, and within 20 years at Flex, has developed a career in several Supply Chain positions, currently as VP of Indirect Procurement.
May 3, 2021 /PRNewswire/ — Ivalua, a leading global spend management cloud provider, and PwC, a trusted Ivalua implementation partner, today announced that Arkad S.p.A. has selected Ivalua’s platform to drive its Procurement digital transformation journey with PwC as implementation partner. REDWOOD CITY, Calif.,
A 2021 Cargo Owners and freight forwarders survey, confirms this. It is clear that complex, manual payment processes are critical sources of costly mistakes and over billing. As if this wasn’t enough, 2021 has added its own set of complexities. LogiSYM Supply Chain Magazine – November 2021. Lack of trust.
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