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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

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We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!

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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

ivalua

Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.

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3 Ways Procurement Can Help Grow Revenues (Part 2)

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In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Unlocking Supplier-Led Innovation. For example, supply chains may have to be adjusted to support new company sustainability or other CSR policies.

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Network Investment. Defining the ROI.

Supply Chain Shaman

Most of the network investment is in passing procurement transactional data. The global economy and multi-national supply chain flows were based on rational government policy. Many of the existing networks — GXS, E2Open, Elemica, and Exostar–suffered from PE investment that stalled innovation.

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The Impact of Employee Skill Proficiency on Business, Innovation, and Supply Chain Performance

Procurement Academy

Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance. A proficient team will drive innovation Skill proficiency and innovative thinking are closely intertwined.

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Ethics in Procurement: What are you doing to keep procurement ethical?

Procurement Academy

Ethics play a major role in procurement and with the increasing use of technology and consumer behavior changes, it’s something to take seriously as an organization. An example of how ethics comes into play in procurement is in supplier selection, evaluation, negotiation and ultimately awarding business. An ethics policy.