John Cockerill selects Ivalua spend management to digitize all procurement processes and cover all spend in one single system

ivalua

Key factors in the decision were positive user feedback and rapid adoption, demonstrated ease of integration to SAP and other backend systems, robust capabilities and flexibility to cover a diverse range of business activities across multiple geographies and industries. “As

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4 ways IT & Procurement team collaboration increases resilience

ivalua

The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. Procurement has been uniquely placed on the business front line of this crisis in helping to pivot supply chains from producing make-up to face masks and to finding thousands of items of remote working equipment overnight, or from manufacturing parts for car engines to ventilators. Blending of IT and procurement teams.

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

Using Procurement Analytics to Simplify Your Supplier Reconciliation

Logility

However, with a simple software-based supplier reconciliation process using procurement analytics in place, an organization can automate this cumbersome process to save hundreds to thousands of man hours every year. Tracking results in the system to improve overall supplier processes.

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.

A Humble 2020 Procurement Resolution – Transform the World 

ivalua

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. . So how can Procurement leaders drive such change? Digitization of Procurement and supply chain is an area that is ripe for incrementalism. Procurement Procure-to-Pay procurement supplier relationship management

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

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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. Whilst we might question why there aren’t more CPOs on the Board and so on, there are far more Procurement professionals than 50 years ago, and the profession is much better recognised and established.

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.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re The system automates the assignment of drivers to trucks based on a scoring algorithm which evaluates information such as the driver’s current location, personal calendar, and hours of service.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Lack of system integrations and actionable insights are stopping organisations from accurately measuring performance . 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.

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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

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. To cover your full master data needs, Procurement should work with all internal stakeholders to map out the supplier lifecycle from end to end. Note that the data model doesn’t need to contain every piece of information on a supplier, but mainly on data that two or more systems must use.

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Unleash the Power of AI to Unlock the Potential of Procurement Enterprise

Jaggaer

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Autonomous Procuremen

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.

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. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business. Check out this list of 25 Procurement and Purchasing questions and answers. Subscribe Here! Email Address.

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). There is no doubt that Digital Procurement is a reality for many organisations. It’s boring, and it’s so not sexy, but everyone knows that adage, rubbish in, rubbish out and this just as true for Digital Procurement.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. What’s more, supplier management information is often inadequately integrated with supply chain planning systems.

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement

Hybrent’s E-Procurement Solution Integrates with Accounting System to Eliminate Double Keying

Hybrent

Our current healthcare system already requires so much time away from patients. The Hybrent solution, though, is an e-Procurement system that reduces that workflow to a single step. Hybrent doesn’t stop by just streamlining the procurement side. After these paper-based audits are done, all of this information then goes into another system – the accounting software. Blog Articles e-Procurement Invoicing Requisition

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!

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. He asked stakeholders and procurement staff where they thought the firm was in terms of procurement maturity. He believes that you must “come with a clear procurement value proposition”.

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

Procurement Bots – Transformer or Destroyer?

Supply Chain Game Changer

Check out What Exactly Is Procurement? The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) which are disrupting the legacy procurement processes involving human interface. Subscribe Here! Email Address.

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.

The Benefits of Procure-to-Pay

ivalua

It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. A procure-to-pay solution offers a seamless process from point of order to payment. What are the symptoms of poor procure-to-pay processes?

The Benefits of Procure-to-Pay

ivalua

It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. A procure-to-pay solution offers a seamless process from point of order to payment. What are the symptoms of poor procure-to-pay processes?

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. A large amount of focus for these systems has been on return on investment (ROI) calculations. The procurement portal has to have enough transactional volume running thru it. acknowledge the order in the customer’s system and then enter it into your company’s ERP)?

John Cockerill selects the Ivalua suite to digitize all processes and cover all spend in one single system

ivalua

John Cockerill was looking for a unified end-to-end spend management platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimize collaboration between internal stakeholder and suppliers in a highly secure environment. The post John Cockerill selects the Ivalua suite to digitize all processes and cover all spend in one single system appeared first on Ivalua

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White Paper: Procurement Diagnostics: Assess, Compare, Identify and Plan Your Way to Procurement Visibility and Process Efficiency

Bristlecone

Diagnostics are a quick yet effective way to gain sufficient visibility into the procurement function, understand gaps and efficiently bridge such gaps through proven methodology?. In times like these, with unexpected disruptions and volatility, procurement diagnostics offer not only an impartial opportunity to evaluate yourself, but also see how you stack up against industry best practices. White Papers Diagnostics Digital Transformation Procurement Supply Chain Transformation

A Procurement Resolution – Realize Your True Potential

ivalua

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. A Forrester study on enabling smarter procurement found only 22% believe their reporting and analysis is where it should be and only 22% that they have the required agility to respond to changing requirements. Alex Saric, Chief Marketing Officer, Ivalua.

Procurement and the Need for Speed

ivalua

In my last two articles ( here and here ) I’ve been talking about the need for Procurement to think about how we can move beyond our historical transactional role and embrace approaches to help drive competitive advantage and real value for our organisations. So, what should “speed” mean for Procurement leaders, and why is it so important for us today, as well as for Ferrari and McLaren? . Author: Peter Smith , Managing Director at Procurement Excellence Ltd.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

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. Bartolini’s view of modern procurement is one of an industry at a crossroads. While digitalization has dramatically increased procurement performance over the last decade, the function is beginning to approach a plateau. “We’re way that procurement organizations are?organizing