Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Procurement was tasked with supporting a board level initiative to accelerate innovation and increase margins. The same applies to Procurement.

Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

What does this mean for procurement and supplier management? Working collaboratively is often complex, involving internal stakeholders beyond the procurement function too, which highlights another critical success factor – the need for effective programme and project management.

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[Video] Procurement in the Digital Age

Talking Logistics

Brian Reed, VP Global Supply Chain Optimization at GEODIS, discusses procurement in the digital age. Podcast version (click to play): The post [Video] Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez.

Procurement in the Digital Age

Talking Logistics

There has been a lot of discussion the past couple of years about digital transformation, which is impacting all aspects of supply chain management, including procurement. What’s new and different with procurement in this digital age? How can external partners help companies achieve excellence in procurement? Read more Procurement in the Digital Age. The post Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Procurement can’t afford to be a digital laggard in today’s complex landscape

ivalua

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. However, as things stand, many Procurement teams aren’t digitally mature enough to provide this input to the business. Smart Procurement can unlock a strategic advantage .

Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK.

The Science and the Art of Procurement

ivalua

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

Procurement 2020… Will anything change?

All Things Supply Chain

It seems as though procurement has been anticipating the arrival of 2020 since the minute the ‘Y2K’ buzz wore off. Predictions and research, webinars and report titles… ‘Procurement 2020’ has… General Procurement Management Supply Chain Management procurement

Why Agility and Creativity are the New Vital Procurement Drivers  (but don’t sacrifice “effectiveness”)

ivalua

Peter Smith, Managing Director at Procurement Excellence Ltd. If Procurement people, functions and organisations are going to be successful, it is obvious that we have to adapt to the changing wider business and social environments.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?

Procurement Digitization: The Key To Price Transparency And Healthcare Transformation

ivalua

The initiative included the deployment of an innovative e-procurement platform to enable full digitization of their supply chain processes, transforming their procurement and account payable processes into virtually paperless operations. e-Procurement Procurement

Practical Advice to help Procurement Weather the Pandemic

All Things Supply Chain

Seemingly overnight, every procurement professional’s top priority has become helping their company get through the COVID-19 pandemic and start preparing for the business conditions that are to follow.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. .

Study 130

Strategies, Tips, and Pitfalls of Modern Transportation Procurement

Logistics Viewpoints

The post Strategies, Tips, and Pitfalls of Modern Transportation Procurement appeared first on Logistics Viewpoints. Procurement Transportation Management Systems TMS transportation procurementThe biggest constant in transportation today is changing. It is forcing companies to rethink how they plan, optimize, execute, and collaborate with trading partners.

Zara – The Benefits of Agile Procurement / Supply Chain

ivalua

The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes.

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. Procurement is strategic! Now is the time for Procurement to SELL! Procurement 101.

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.

Ivalua NOW Part 2 – Re-Imagining Offices and Transforming Procurement

ivalua

This, he said, was an example of using procurement to drive competitive advantage and revenue. By building the marketplace, which is powered by Ivalua technology, JLL’s technology and procurement skills are leveraged for the benefits of their customers.

8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. Tip #6 – Optimize around who really needs what data in Procurement. .

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members.

Procurement Terminology is a Mess!

Supply Chain Game Changer

Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. From one Procurement organization to the next, terminology differs. The way we buy and sell procurement technology needs to reflect this new era.

The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. It’s important that procurement teams take into account the new risk reality and challenges that face them, their organizations and their value chains. Operational procurement?

Digital Procurement – Pack your bag, you are going on a journey

ivalua

The Hackett Group and Ivalua have been working together for some months to assess the status of Digital Procurement transformation and lessons learned from early adopters. Digital Procurement – a place we are planning to visit soon (and hopefully stay).

How Procurement can help to drive Supplier-led innovation

ivalua

Procurement is essential for organisations looking to build relationships. To overcome these challenges, organisations need to invest in supplier collaboration and take a smarter approach to procurement so they can better-identify opportunities to collaborate.

Procurement – Creating organisational Value

Cranfield

With a wider view than purchasing cost management, procurement is the organisation’s gateway to external resources, which are typically valuable and rare.

Procurement Can Prepare for  Supply Chain Risk

ivalua

Alex Saric, Smart Procurement Expert, Ivalua. Procurement has a vital role to play in identifying and managing risk. Procurement has a vital role to play. To do this, organisations must adopt a Smart Procurement approach that provides complete visibility of suppliers.

21st Century Procurement Skills (Guest Post by Christoph Flöthmann)

SCM Research

Our guest post today comes from Christoph Flöthmann, an expert in strategic and digital procurement, who has recently co-authored a new report. Digitalization already has a major impact on procurement, as we write in our new report: 21st Century Procurement Skills. This is ultimately driving procurement effectiveness, efficiency and compliance. Practice Research Digitalization Procurement Report

Why Transportation Procurement is More than an Event

Talking Logistics

The shift began, and in procurement we saw an increase in bid activity that has continued into 2019. Transportation Procurement: Things to Keep in Mind. The post Why Transportation Procurement is More than an Event appeared first on Talking Logistics with Adrian Gonzalez.

Chainalytics Delivers Award-Winning Global Logistics Procurement Program

CHAINalytics

Chainalytics, a recognized global leader in supply chain … The post Chainalytics Delivers Award-Winning Global Logistics Procurement Program appeared first on Chainalytics.

Procurement Interview Questions & Answers

Supply Chain Game Changer

Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. Check out this list of 25 Procurement and Purchasing questions and answers. And you don’t need to purchase an expensive procurement technology suite to do so.

Category-based Procurement

Claritum

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Category-based Procurement Examples. The Inherent Challenges of Category-based Procurement. Characteristics of good Category Procurement Activity. Project Procurement.

Project Based Procurement

Claritum

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Table of the key differences between Project and Category based procurement. Types of activity suitable for Project based procurement. The inherent challenges of project-based procurement.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Procurement Automation. Internet of Things (the impact on procurement). Procurement Advocacy and Stakeholder Engagement. Getting to Grips with Cloud-Based Procurement.