Ivalua Paints a Great Procurement Picture at Ivalua NOW Chicago 2019

ivalua

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. Just building great Procurement solutions that customers clearly love (in 2018 once again maintaining the industry’s highest retention rate, over 98%). The most eye-catching statistic of the event came from Duncan regarding procurement’s self-assessed v.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. Some of the emerging views on the “future of procurement” focus on the importance of being a strong internal consultant, the importance of building relationships, coaching suppliers, post-award contract management, and relational contracting. Vested is a Sourcing Business Model in.

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What Does Augmented Analytics Mean for Procurement?

Jaggaer

And even if you got that far, you would also need to understand the underlying data and how to extract the subsets you needed from the data source. And that, of course, includes procurement professionals. As is well known, procurement generates massive volumes of data.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. 31 March, 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 Effective Procurement Performance Measurement. Download the full study here.

Study 100

Unleash the Power of AI to Unlock the Potential of Procurement Enterprise

Jaggaer

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Download It Now.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. Autonomous Procurement: The Reality versus the Hype. Over the coming months, we will identify and describe the four levels of development stages on the road to autonomous procurement.

3rd CEE Procurement & Supply Forum

Supply Chain Movement

3rd CEE Procurement & Supply Forum. Global sourcing and sourcing in Central-Eastern Europe (CEE) has long been state of the art for international companies. How to effectively identify and benefit from these potentials will be the main focus of the 3rd CEE Procurement & Supply Forum. Download the brochure>> Register now >> Events BME CEE Central Europe Eastern Europe event Forum innovation logistics Procurement sourcing supply chain

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more. Procurement at the pivot point.

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

Jaggaer

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees big data as a major disruptor. To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . How Big Data Analysis Plays into Procurement. Sourcing with Big Data. Download it here now.

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. Ivalua is the Procurement empowerment platform.

Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

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. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing sourcing?and

How Big Data Analytics is Revolutionizing Sourcing Processes for Walt Charles

Jaggaer

To better understand the impact of big data analytics on procurement, we turned to industry veteran Walt Charles, CPO at Allergan, who sees big data as a major disruptor. To get the details on big data and augmented analytics, download the Gartner report, How Augmented Analytics Will Transform Your Organization: A Gartner Trend Insight Report. . How Big Data Analysis Plays into Procurement. Sourcing with Big Data. Download it here now.

Augmented Procurement is Making the Future Our New Reality

Jaggaer

Now this idea of augmented procurement – and eventually autonomous procurement – has surfaced , and many are asking when the change will happen, and more importantly what it means for them. . Now, just imagine that technology specifically tailored to procurement.

Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. You can download the full report at this link. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. These early insights dating back to the early roots of procurement evoke a situation that is still not uncommon to what we see today.

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Conducting Effective Procurement Spend Analysis in the Current Environment

Jaggaer

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. To get all the details on running a spend analysis, download our checklist, How to Conduct a Spend Analysis in 7 Steps. This data can be used to leverage competitive pricing and set sourcing strategies.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation.

Hello Automated Procurement, Goodbye Tedium

Jaggaer

Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional. Automated procurement means that procurement professionals are released from tedium while organizations enhance their efficiency and release additional value.

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016

Supply Chain Movement

The Global Procurement & Supply Chain Management for Oil And Gas Industry 2016. SCM and Procurement teams will need to build internal supply planning capabilities, create higher value and efficiency, and out- source to third parties at a reasonable cost to help consolidate their position within the business. Date: 11-12 April, 2016. Venue: Intercontinental Berlin, Germany. Organizer: Magvoy Energy – MagVoyages ltd. Url: [link].

Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM. 22,000 sourcing events. $50

DPS: An Answer to Public Procurement Burdens?

Jaggaer

On the one hand, public sector procurement needs to comply with a variety of local, national and federal rules. Virtually all procurement professionals have been under pressure to “do more with less,” the demand is particularly intense in public procurement.”. Virtually all procurement professionals have been under pressure to “do more with less,” the demand is particularly intense in public procurement. Public Sector Sourcing

Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis

Jaggaer

Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY. Finally, look for new sources of supply now, before you need them.

Simplicity is beauty in the crazy world of procurement automation

Claritum

Claritum Article - Procurement Blog. Crazy World of Procurement. Assessing procurement automation solutions and service providers often includes comparison of features and functions, with weighting being given to those systems that have more features. 2 Crazy World of Procurement. There are few functions within an organisation that can claim to have such a wide-ranging impact on a business than that of Procurement. on demand procurement.

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

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. 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.

Who is Your Best Supplier?

Supply Chain Game Changer

Some procurement professionals can quickly identify their key, or champion, supplier partners. As you may know or experience, the complexities of a global supply chain and global supplier base can pose challenges for even the most mature of procurement organizations. Subscribe Here!

eBook 52

Sustainable Supply Chain Summit 2015, 10-11 November London

Supply Chain Movement

Back now for its 10th year, it’s the go to event for professionals working in supply chain, procurement, sourcing, sustainability or CSR. The 2015 event will address some of the key issues and opportunities, including: impact measurement, supplier development, responsible sourcing, R&D innovation, consumer engagement, scaling up, and resource efficiency. Confirmed speakers include: AkzoNobel , Director Procurement, Dick Bartelse.

A List of Must Read Procurement White Papers

Claritum

Claritum Article - Procurement Blog. We’ve compiled a list of some of the best must read procurement white papers and analyst reports (in no particular order of importance or preference) covering a variety of topics such as supply chain management, tail spend and the future and digitization of procurement.  Download here.  Download here. Sourcing Innovation – Dr Michael Lamoureux.  Download here.

Source to Pay… The Real Value for Purchasing

Jaggaer

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are two terms often used within the software industry to describe digital solutions that create efficiencies within procurement. Source-to-Pay includes all of what P2P has to offer, and expands capabilities to include the “sourcing” of products and services. As a procurement leader, you are all too aware of the repercussions of inefficient spending. Source-to-Pay

What on Earth is “Autonomous Procurement,” Anyway?

Jaggaer

With hot new buzzwords coming and going year after year, it’s hard to blame any procurement professionals who are becoming disillusioned. One of the latest, “autonomous procurement,” has been the focus of writings by industry experts both enthusiastic and less optimistic. To learn more about autonomous procurement and the journey to get there, download our new white paper. What is autonomous procurement? Autonomous f rom Source to Pay .

Coronavirus Supply Chain Response: Near-Term Actions to Take Today

Jaggaer

Download the COVID-19: Your Ten-Point Procurement Response Guide here. As global companies continue to feel the impacts, procurement is at the center of it all. Some organizations have found creative approaches to overcome the distance using their procurement tools.

Sustainable procurement programs on the rise, still face challenges: EcoVadis Barometer results

EcoVadis

Culminating months of research, the 2017 EcoVadis/HEC Sustainable Procurement Barometer is now live and it’s worth a thorough read. Sustainable procurement programs are no longer optional or a mere nice-to-have, but an integral business function. That’s according to the survey research results from the new EcoVadis/HEC Sustainable Procurement Barometer , which collected input from procurement and supply chain professionals across the globe.

The Key to Successful Procurement Negotiations? Be Prepared!

Jaggaer

Supplier negotiation skills are essential for anyone working in procurement. To assess whether your current tools and processes have what it takes to help you be on top of your game for your next negotiation , download our checklist , Negotiate Right ! The post The Key to Successful Procurement Negotiations? Contract Management Sourcing

Leveraging Data in a Digital Transformation: Lessons from JAGGAER’s Fireside Chat

Jaggaer

Digital procurement platforms are capable of producing incredible amounts of data, from spend history to supplier scores , delivery rates and more. For more on leveraging data, download JAGGAER’s 2019 Digital Procurement Survey Report. Download it now.