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.

A Humble 2020 Procurement Resolution – Transform the World 

ivalua

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. So how can Procurement leaders drive such change?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

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.

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 Procurement can help to drive Supplier-led innovation

ivalua

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. Alex Saric, Chief Marketing Officer, Ivalua.

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?

Global Supply Chain Survey 2013

SCM Research

I recently received this year’s Global Supply Chain Survey by PricewaterhouseCoopers (PwC). strategic procurement, sales and operations planning and research and development); (5) Companies in emerging markets should introduce differentiating processes; (6) Companies are increasingly interested in next-generation technologies and sustainable supply chains.

Survey 120

The Governing Institute 2019 Procurement Survey Sponsored by Ivalua

ivalua

The post The Governing Institute 2019 Procurement Survey Sponsored by Ivalua appeared first on Ivalua

Vendor Profiling Survey Now Open

Supply Chain View from the Field

If you’re interested in this topic, be sure to take the survey. All participants will receive a best practices report after the survey is closed, in May 2015. MBA Supply Chain Organizing for Supply Chain Procure to Pay Strategic Sourcing Supplier Relationship Management A group of my MBA students are working on a project benchmarking vendor profiling approaches. The goal of the study is to. Understand different information companies ask from suppliers.

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.

Why Agile Procurement is Essential for CPOs in 2020

Jaggaer

His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agile procurement. Learn how data can drive your roadmap with our survey, “ Digital Transformation: How Close Are We? ”.

Digitized Procurement: Your Setting-off Point to Autonomy

Jaggaer

In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement.

WHITE PAPER: Digital Transformation in Procurement – A CPO’s Agenda

Bristlecone

The ability to save on labor costs, accelerate processes, enhance supplier relationships and improve decision-making are all drivers for digital procurement transformation. The post WHITE PAPER: Digital Transformation in Procurement – A CPO’s Agenda appeared first on Bristlecone.

Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Check out What Exactly Is Procurement? As we’ve chronicled on the Argentus Blog, it’s no secret that the world of Procurement is changing and fast. Procurement, you’ve come a long way, baby!

Software Solutions To The Procurement Puzzle: Getting The Right Mix

HICX Solutions

Many have had to completely rethink the way they buy goods and services, which has lifted procurement as a theme up the organisational hierarchy. This is partly due to the vast amount of data that flows through procurement departments. All-in-one suite or bespoke procurement system?

Procurement: The Startup’s New Best Friend?

ivalua

Yet, these initiatives are rarely owned by Procurement. On the contrary, Procurement often plays the bad cop role, creating barriers to onboard new and innovative suppliers, asking for endless compliance documents, ending the magic of the incubation.

Procurement Transformation Delays – The Role of Personality!

Supply Chain Game Changer

Article provided to Supply Chain Game Changer by Katalin Brennan at Eyvo E-Procurement. We’ve all heard of the need for Procurement to embrace the Digital Transformation for many years. There are few procurement-specific personality surveys available. Subscribe Here!

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

In this post, I’d like to suggest a mapping of a digital procurement ecosystem, dive into the necessity for these functionalities, and draw some conclusions as to how these focus areas can drive performance in an overall procurement organization. Source: Deloitte CPO Survey 2018.

Artificial Intelligence to Improve Decision-Making in Procurement

Jaggaer

The Gartner research note published in September 2018, entitled “ The Impact of Artificial Intelligence on Procurement Software Applications ” argues that while the benefits of such automation are significant, they are not able to deliver sustainable competitive advantage.

7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

7 KPIs Your Procurement Team May Be Ignoring! Procurement is a business function that has undergone a lot of change in the last few years. As a believer in the power of procurement, this recognition makes me happy. The survey of more than 1,100 U.S. Subscribe Here!

The Brexit Storm - Results from the CIPS Brexit Surveys

Supply Chain 24/7

With Brexit negotiations underway, CIPS has taken a view of areas of impact that are affecting the day to day operations of Procurement and Supply chain specialists

Survey: How to benefit from electronic invoicing

SupplyOn

A scientific survey details the positive effects of electronic invoicing for the invoice’s issuer and the recipient Despite all the buzz over catchwords like Industry 4.0, To gain a clearer picture on the real effects of e-invoicing, we conducted a scientific survey. The majority of the participants was handling invoice creation or processing in the accounting, procurement and logistics departments.

Achieving Best-in-Class Procurement

ivalua

In my last post , I discussed how to successfully launch a digital Procurement transformation. Why do so many Procurement organizations struggle to make progress? In this post, I’ll look at the key challenges and how to accelerate your journey to best-in-class Procurement. .

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. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! The Procurement Value Chain Continuum. Procurement 101.

Successfully Launching a Digital Procurement Transformation

ivalua

In an earlier post , I wrote about the importance and overall success factors involved in digitally transforming Procurement. The one tried and true approach is for Procurement leaders to build and sell the business case. Alex Saric, CMO, Ivalua.

Show Me the Money: MH&L’s 2018 Salary Survey

Material Handling & Logistics

Our annual salary survey reveals that the typical material handling and logistics professional earns $93,697. purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00.

What Does Augmented Analytics Mean for Procurement?

Jaggaer

And that, of course, includes procurement professionals. So, let’s examine Gartner’s words in more detail, but from the specific perspective of procurement. As is well known, procurement generates massive volumes of data. In the past, if a procurement professional wanted to run a query against data to determine what might happen in future (e.g. An obstacle to more rapid progress is the lack of relevant skills in many procurement organizations.

Making Procurement Autonomous: Embracing the Future in the Present

Jaggaer

For more, and to learn about all four steps of the autonomous procurement process, register for our webinar, “ Four Steps to Autonomous Procurement “ In modern procurement teams, many are wondering what will happen when AI technology is truly integrated into purchasing systems.

Collaboration between Finance and Procurement Leaders is more important than ever

Proxima

For procurement leaders, finance leaders are often a key stakeholder or indeed the person they directly report to. But do finance leaders value the performance of procurement? This suggests that the mindset is certainly there among finance leaders for views of procurement to shift.

7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

Procurement bridges the gap between product, internal stakeholders and customers. In order to support the weight of internal and external expectations, Procurement teams must be prepared to perform as a key value adder within an organization. Procurement ROI. Subscribe Here!

Challenges Facing Procurement Leaders

Material Handling & Logistics

From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.

Reducing Survey Fatigue with Smart & Scalable Supply Chain CSR Solutions

EcoVadis

In the recently released EcoVadis/HEC Sustainable Procurement Barometer , 97% of organizations surveyed consider sustainable procurement important or critically important. It is clear that mass adoption of sustainable procurement has arrived.

Digitalization in Procurement: Your Questions Answered

Jaggaer

Last week JAGGAER hosted a webinar reviewing the findings of our recently released 2019 Digital Procurement Survey Report. We reviewed the key takeaways and provided recommendations for how procurement professionals can begin to take advantage of next-generation technologies. 35% of respondents said it was their main challenge in modernizing their procurement process. Digital transformation in procurement is not just automation. Procurement Resources