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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

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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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CSR is Good for Business, an Independent Consulting Study Reports, but Official Targets & Policies are Lagging Behind

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35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. However, only 33% have defined official sustainable policies and targets. Social and ethical priorities are close behind but still lag.

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The Top 5 Skills Every Procurement Manager Needs

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More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

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Why Procure-to-Pay Software is Critical Today

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This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.

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How China’s zero-Covid policy is affecting global supply chains

Proxima

However, this couldn’t be more different for China, as the country continues to pursue a strict zero-Covid policy through lockdowns, spanning across some of the country’s key port cities. The threat of sudden lockdowns continues to loom over procurement teams.

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Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

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As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.