This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
A First of its Kind Invest Engagement Survey Published Its Findings on Ensuring Seafood Companies Supply Chain Traceability The FAIRR Initiative, supported by investors with $75 trillion in assets, is working with seven major seafood companies to improve supply chain traceability, addressing risks like human rights violations and overfishing.
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.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supply chain.
A new survey shows 55% of enterprises anticipate a major supply chain disruption to strike any time. With disruptions looming, procurement and supply chain managers are stepping up their game. This new report from The Economist and GEP explores how procurement and supply chain professionals are responding to shifting business dynamics.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supply chain research should be readily available and not locked behind a paywall.) (If One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing.
Key Takeaways: The Strategic COO: Navigating Disruption and Driving Change Kearney’s third annual COO survey, in collaboration with AWS, reveals that while COOs anticipate organizational growth in 2025, they foresee significant hurdles related to skills gaps and execution challenges.
The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization.
Download this report, from a GEP-sponsored survey from ISM, to check your performance and see how your peers are reaching their transformation goals. Is your digital transformation working, or is it still a work in progress?
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. on time payments) and spend visibility.
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.
A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. Challenges in hiring digital skills in procurement.
Our latest survey of UK businesses, conducted by Vanson Bourne, emphasizes these issues. The survey found that more than half of UK businesses (51%) say the number of products or services launched has increased over the last 12 months. Procurement is essential for organisations looking to build relationships.
PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. This exceeds the 55% previously reported in the Supply Chain Insights surveys. When he speaks of the supply chain, he means procurement. The trend is clear.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.
Tightening the Alignment between Procurement and Corporate Leaders . Using procurement as a catalyst for change . In a recent webinar with PricewaterhouseCoopers (PwC), we compared 3 different global studies where Procurement and C-level Management stakeholders addressed digitalization, risk, and ESG. . Procurement Priorities.
Ivalua has announced the findings of a worldwide survey of supply chain, procurement and finance business leaders, on the status of their digital transformations, the obstacles encountered and keys to success. To download the full “The Path to Effective Procurement Transformation” study* please click here. About Ivalua.
In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Survey existing suppliers, third-party logistics providers and customers.
A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. Procurement leaders recognize the imperative in front of them, but what does it mean for the future skills profile of the profession?
A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiatives. Additionally, over half (55%) of UK businesses say that digital skills in procurement are less advanced compared to other departments. Challenges in hiring digital skills in procurement.
In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. Shift in cycles. Over the past three years, supply chain cycles shifted.
Read more The post [Video] Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez.
Here is a look at some more key findings from the survey completed with Transporeon , as well as my interview with Transporeon CEO Stephan Sieber. As part of this research, we surveyed 106 individuals across a variety of industries and countries. Wait Times and Costs Can Add Up Quickly.
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.
PWC has been publishing the annual procurementsurvey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.
In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. 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.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
These findings lay bare the significant toll of supply chain disruption on UK businesses,” comments Alex Saric, smart procurement expert at Ivalua. Yet, according to a study from Procurious , only 24% of executive teams have fast-tracked investments in new technology for procurement.”. ” About the research.
A World Economic Forum (WEF) survey of risk specialists identified environmental concerns, such as extreme weather events, biodiversity loss and ecosystem collapse, as one of the top three risks the world now faces.[5] The WEF survey ranked state-based armed conflict as the most pressing concern for 2025. .”[7]
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. View Webinar Replay. More on that here.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.
This on-demand SAP Taulia webinar dives into the growing trend of supplier-driven early payment requests and what it means for procurement leaders. The post The Shift to Supplier-Driven Early Payments: What Procurement Leaders Need to Know Webinar appeared first on Taulia.
of adult Americans according to a recent survey ). For Procurement leaders, that typically translates into saving a few percent here. For Procurement leaders today, those missed opportunities can be great. But for the most part, Procurement objectives remain too incremental rather than transformative. . Lose a few pounds.
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. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.
In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. In conjunction with the new product launches, phasing out existing products and components is another area where supply chain and procurement need to work together.
Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization. Keep reading to learn: What Is ERP in Procurement?
For instance, Joe pointed out that only about half of the survey respondents include their data requirements when sending out an RFP. Only after the contract has been signed does procurement start raising relevant questions around data. The post Is Your Procurement Data Fit for Purpose? appeared first on Ivalua.
8 April, 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 restoring growth. Now is the time to digitalise procurement and use it as a growth driver.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content