Procurement Rising – The Time is Now

ivalua

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. Digitization is key to procurement transformation.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Ivalua is the Procurement empowerment platform.

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Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

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. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

Intalere Selects Consus & Ivalua to Drive Source to Contract Best Practices

ivalua

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. has gone live with Ivalua’s Source to Contract solution. Intalere required a fast, efficient and automated source-to-contract process to support the company’s enterprise goals.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Ivalua and Axbility Consulting partner to help companies create value through successful procurement transformation

ivalua

Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & Supply Chain Leaders. Axbility Consulting, headquartered in New York City, is the North American subsidiary of Axys Consultants, a major player in management consulting with 215 consultants with an annual turnover of $31 million.

Believe It Or Not, Procurement Impacts Every Single Person

ivalua

If you live in a city, state or country, which everybody does, your life and the lives of your family and friends is impacted directly by Procurement. No, I’m not referring to the Procurement department of your company (although, if Ivalua has anything to do about it, there are lots of interesting things happening there too). I’m talking about the organizations responsible for Procurement at the City, County or State level. Vishal Patel, VP Product Marketing, Ivalua.

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

During the pandemic, the supply chain discussions take new importance. The supply chain career is new. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. As an industry, we struggle to embrace new ways of thinking.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Ivalua is the Procurement empowerment platform.

Corporate Sustainability: Why Procurement Should Pave the Way

Jaggaer

According to a recent New York Times article , 181 CEOs jointly released a statement on “the purpose of a corporation.” Procurement is at the core of many companies’ efforts to increase green practices. ” For many organizations, green procurement is something of a wouldn’t-it-be-nice idea. The piece cites efficient energy sources as a large cost saver for many companies, and points to the increasing costs of trash disposal as an incentive to reduce waste. .

Procurement Digitization: The Key To Price Transparency And Healthcare Transformation

ivalua

Healthcare continues to be a source of major concern in the United States, with recent polling indicating it is the number one issue to voters in the 2020 elections. For example, approximately 85 percent of upstate New York hospitals operate at a loss. By ensuring the new system supported all spend categories, including unique processes involved with surgical devices, Baylor was able to drive significant gains in efficiency and transparency. Source: Health IT Outcomes.

Re-thinking supply chain risk: Protection at any cost?

Supply Chain View from the Field

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. commercially standard) parts that create excessive quality and procurement costs, to squirreling away MRO parts and inventory in places that no one will ever find them, including the operators, all in the name of risk!

How Locally Grown Products are Disrupting F&B Manufacturing

QAD

It means buying food that is sourced and/or grown within a geographical location that could be considered “local”. For example, a food label in a store in New York might read “ New York State Grown and Certified ”. The “locally grown” movement has been fueled by the perception that locally grown, produced and sourced foods contain many benefits. Some of the benefits often associated with buying locally sourced products include: Fresher products.

Ivalua Selected by State of Maryland to Power ‘eMaryland Marketplace Advantage’ e-procurement system

ivalua

Ivalua builds momentum as technology platform of choice for public sector procurement. Redwood City, CA March 14, 2019 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the State of Maryland has selected its Source-to-Pay platform to power a new statewide e-procurement system, eMaryland Marketplace Advantage. With Ivalua, it is finally possible to bring best practice procurement to the public sector.”.

Procurement Digitization: The Key To Price Transparency And Healthcare Transformation

ivalua

Healthcare continues to be a source of major concern in the United States, with recent polling indicating it is the number one issue to voters in the 2020 elections. For example, approximately 85 percent of upstate New York hospitals operate at a loss. By ensuring the new system supported all spend categories, including unique processes involved with surgical devices, Baylor was able to drive significant gains in efficiency and transparency.

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

Jaggaer

For example, in Brazil, where oil, machinery, and metals are among top exports , the death toll may climb to 125,000 as soon as August, according to the New York Times. 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. Tasked with reducing spend and keeping the business functioning, procurement leaders need clear steps for managing the crisis.

600 Dead in Bangladesh: Is there a soul to the enterprise?

Supply Chain View from the Field

” Fourteen million families depend on the jobs produced by the apparel industry, including women such as Shaheena, a single mother described in the New York Times article this morning. Procurement Sustainability Retail Logistics Strategic Sourcing Supplier Relationship Management Supply Chain Management Sustainability News of the increasing death toll in Bangladesh continues to pour in, with the latest at 600 found dead in the rubble of the Rama factory complex.

Desjardins Selects Ivalua & Fluxym to Enable Source-to-Settle Transformation

ivalua

The largest financial cooperative in Canada will leverage Ivalua to streamline sourcing execution processes to increase value across the supply lifecycle. To support the company’s strategic objective to better serve its clients and members, Desjardins requires a more efficient and streamlined sourcing and contracting process. Additionally, the organization chose Fluxym as the integrator to help increase value of procurement activities.

The future’s bright…but are we staring at the sun?

Proxima

Yogi Berra (New York Yankees baseball player). At Proxima, we’ve therefore been trying to envision what the future of procurement could look like and how Commercial teams can influence their organisations to drive ever more value out of their supply chains. It’s very tempting to see public sector procurement as being stifled by bureaucracy and regulation, unable to access the best suppliers and most innovative solutions or practices.

Can Blockchain become the solution for anti-counterfeiting and chain of custody?

NC State SCRC

Recent articles in the New York Times and in the I nternational Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain. New business models came about and new information. Critics are concerned that IBM will corner the market, although they have maintained an open source approach.

“One Word – Are you Listening? – Plastics”: A Critical Bottleneck to COVID Testing

NC State SCRC

Certain states have more testing available than others (New York is strong, Texas is light), but even places with higher infections rates don’t always seem to respond with investment in more testing resources.

Italy 52

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

I grew up in New York and graduated from the New York Institute of Technology. Then, after a short spell in New Orleans, I moved to Houston to work with supply chain in oil and gas. We found equipment and materials that can’t be sourced locally. The company searched for smart people who understand what the next new technology will be. I was involved with the procurement of equipment and materials.

Nitor and Ivalua Join Forces to Successfully Launch eMaryland Marketplace Advantage

ivalua

Nitor, the leader in source-to-pay transformation, and Ivalua, a leading provider of global Spend Management Cloud Solutions , announced the successful launch of the Maryland Department of General Services’ new e-procurement system, eMaryland Marketplace Advantage (eMMA), which deployed on schedule and on budget. eMMA is state-of-the-art procurement technology powered by the Ivalua Platform, a global leader in procurement technology.

Illuminating the Way Toward Sustainable Supply Chains

EcoVadis

Nearly 100 professionals in procurement, supply chain and sustainability gathered together for EcoVadis’ first North American Sustainable Procurement and Finance Roundtable Series to learn more about how to proactively and efficiently leverage sustainable procurement best practices and discover untapped value opportunities throughout the supply chain. . He emphasized the need to strategically align people and resources before initiating a new process or technology.

The Strategic National Stockpile that Failed Us

NC State SCRC

i] As the virus spread more quickly in Washington State, New York, San Francisco, and New Orleans, the administration quickly realized that the coronavirus would not be “magically going away.” ii] We observed an intense and immediate response by the Joint Acquisition Task Force to rapidly source supplies and quickly institute a robust vendor risk assessment process. Procurement’s Value Proposition, London: Kogan-Page; 2014. [ii]

Coffee Shops Are Already Running Out of America's Newest Milk Craze

Supply Chain Brain

operations, which are based in New York. Food & Beverage All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content North AmericaIt’s called oat milk, and baristas love its light, hearty flavor that lets the java beans take center stage. As more consumers choose plant alternatives to dairy, it’s gotten so popular that just in the last month, some coffee shops were left without oat milk for days, even weeks.

Highlighting the Impact of eProcurement in the Public Sector

ivalua

It’s no secret that procurement organizations across industries were hit hard with challenges arising from Covid-19. The panel examined two real-world case studies: The Los Angeles Department of Water (LADWP) and New York City. .

Catastrophic Impacts of COVID19 in Bangladesh Apparel Supply Chain

NC State SCRC

One set of orders to a major New York brand was due on February 17, and was shipped and received by the buyer. Future procurement practices should focus on order stability for proper planning, timely payment of orders, and full respect for workers’ rights. The lack of trust that has come about as a result of this failure of the brands to adhere to contractual payment terms will likely remodel the entire sourcing contractual and payment terms that exist today.

A Year In Events: Looking Back At 2016 (US Edition)

EcoVadis

From California to Connecticut, and Novi to New Orleans, EcoVadis was on the ground contributing to the advancement of sustainable procurement and CSR/sustainability practices in global supply chains during our most active year on record in the US. We are grateful for all the friends, colleagues, peers, and partners that we met along the way, and we are eager to reconnect and break new ground in 2017. Ethical Sourcing Forum (New York, NY).

Getting that “Swing” in Supply Chain Management

Talking Logistics

The New York Times best-selling book The Boys in the Boat by Daniel James Brown tells the story of how the University of Washington’s eight-oar crew team overcome great odds and adversity to win the gold medal at the 1936 Olympics in Berlin. What you find instead are functional groups — such as Manufacturing, Distribution, Sales and Marketing, and Procurement — operating in silos, like a boat full of rowers each doing their own thing.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

Apple: Still a Penny Wise and Pound Foolish?

Talking Logistics

Bankruptcy Court District of New Hampshire. For example, here are a couple of the contract terms he references in the declaration: - The pricing for sapphire [which GTAT was to produce] was the lesser of (i) the price agreed between the parties, (ii) the “not to exceed” price listed on a schedule, (iii) 95% of the lowest price offered by GTAT to any of its customers or (iv) 99% of the quoted price in a bona fide offer to Apple from another qualified source.

The American Revolution and the Supply Chain

Enterra Insights

If left to further its own evolution, they could have served as a source of competition to British Manufacturers. The work of procurement and supply chain professionals continues to make the world go around, just as it did [242] years ago: connecting people with finished goods and turning raw materials into desirable products.” Today in America, we commemorate the signing of the Declaration of Independence in 1776.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. Those that look for new marketing opportunities despite the brittle trading conditions. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

BlueYonder

A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans. Because the virus is so new and there is very little historical data, Blue Yonder’s data science team is very busy feeding data into the AI-driven control tower to help visualize and predict current and future impacts of the coronavirus. That is because lots and lots of people are needed to help an AI system learn so that it can eventually act on its own.