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83% fear the biggest disruption from Brexit is yet to come, while increasing supplychain disruption caused revenues to drop by an estimated 18%. Increasing supplychain disruption meant that 28% of UK businesses lost revenue in the last 12 months, with these businesses estimating an average drop in revenue of 18%.
Ivalua SpendManagement Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Accelerated digital transformation of healthcare supplychains to lower the cost of care and improve patient outcomes now possible. Redwood City, CA June 16, 2020 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced the availability of a pre-packaged suite of solutions for healthcare providers.
Competitors or new market entrants can use it to attack you these days – you don’t need a chain of retail shops on the high street, just a good idea, a great website and an outsourced logistics operation. So the need for businesses to act with speed and agility has never been greater.
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. What we learned about agility and resilience can be applied to future-proof the source-to-pay (S2P) process and help organizations meet any new challenge with confidence.
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. My own contribution was to lead a discussion around collaboration.
Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #1: Inter-Enterprise Collaboration .
Network Member Question Aside from the basics of spend analysis and eliminating redundancy, Im curious to hear of others experiences in dealing with merger/acquisitions and how the cultural elements were addressed in terms of promoting the use of preferred vendors and the adoption of expense management policy.
In recent years, Körber’s global supplychainmanagement network has been intergrated increasingly into all relevant processes – from product development to requirements processing – due to its significant contribution to the company’s success.
February 17, 2021 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced another record year in 2020. Empowering Procurement & SupplyChain Leaders Across the Globe. Significant advancements in AP Automation to improve automation and cash management. Redwood City, CA.
Ivalua, a global leader in spendmanagement, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. About Ivalua.
Yet despite the availability of new platforms and analytics tools, supplychain risk management strategies remain in their infancy post-pandemic. Yet despite the availability of new platforms and analytics tools, supplychain risk management strategies remain in their infancy post-pandemic.
Well be talking about the importance of collaboration, and how Reveel and Deposco make it happen through deep integration. And, from driving savings to enhancing the customer journey, well be shining a light on the many tangible benefits of the Reveel and Deposco collaboration. Guest bios: Marc Aliotta, VP of Partnerships at Reveel.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's PLANERGY?
Ivalua SpendManagement Insights [ivory-search] Get Ready for Success! Change management plans should anticipate potential resistance and facilitate adoption by nurturing a culture of collaboration and buy-in.
Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic.
On the one hand, supplychain weaknesses are open to risk, and even the smallest challenges are magnified. 2) Prioritise visibility At the heart of managing demand is supplychain visibility. The function must have a clear view of the supplychain through accessible, accurate and reliable supplier data.
Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Ensuring supplychain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic.
Ivalua SpendManagement 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. Furthermore, their rapidly shifting nature requires a new level of agility.
A prime example of this is sustainability: since a large portion of emissions lie within the supplychain, procurement holds a crucial lever here think Scope 3. Proper orchestration of supplychains enhances corporate resilience. Procurement professionals are increasingly evolving into strategic value creation partners.
Best practice supplychain & procurement capabilities now available for rapid deployment to manufacturers. Redwood City, CA July 10, 2019 – Ivalua, a leading provider of global SpendManagement Cloud solutions, today announced the availability of a pre-packaged suite of solutions for manufacturers.
Ivalua SpendManagement Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | SupplyChain by Vishal Patel Cost, Risk, and Sustainability. Meanwhile, the pace of business is accelerating, requiring organizations to be more responsive and agile.
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. Secondly come eProcurement, SupplyChainCollaboration, Invoicing, and Payments. But digital transformation also has longer-term benefits for supplier collaboration.
Improving business resilience and reducing supply disruption to protect revenue and profitability has become a top priority in 2022. We expect procurement organizations will continue to enhance visibility, agility, and capability. . REDUCE SPEND COST . IMPROVE PROCUREMENT AGILITY . ENABLE CORPORATE SUSTAINABILITY .
Ivalua SpendManagement Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
Heres the breakdown: Nipendos Contribution Capabilities: Nipendo, an Israeli B2B payments automation firm, excels in supplier collaboration, invoice processing, and payment execution, integrating seamlessly with ERPs (e.g., Its spendmanagement was fragmented, often requiring tools like Concur. PO syncing, bill pay).
The coming wave is perhaps best illustrated by the vendor that acquired the largest share of the procurement technology market by pioneering the very concept of “spendmanagement” and an S2P suite: SAP with its acquisitions of SAP Ariba, Fieldglass (for contingent labor spendmanagement) and Concur (for “expense management”).
Ivalua SpendManagement Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! Collaboration is key to a successful solution and we are able to achieve this with innovative partnerships. May 18, 2023 | | Ivalua NOW by Eloise Barnum They say city lights got nothin’ on country nights—and well–they ain’t wrong!
It is a process that creates efficiencies across all spend categories, minimizes supplychain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. This helps businesses to recognize supplier risks and create plans to prevent supplychain interruptions.
In no order of preference, other than by the date they arrived in our inbox, today let’s hear from: Donna Wilczek, EVP Strategy and Innovation at Coupa , spendmanagement suite provider and one of Spend Matters 50 Procurement Providers to Know.
Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spendmanagement, as well.
Also included: supplier improvement plans, innovation plans and overall supplier collaboration. Contract Management: The piece that connects the upstream and the downstream, where value starts being captured. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay.
With another busy year of procurement and supplychain events tidily packed away behind us, Spend Matters is pleased to provide a round-up of the main events we attended in 2023, with a short recap of each and key takeaways. He then went on to discuss the huge impact of tech on the supplychain industry.
Finally, procurement teams are responsible for anticipating and responding to disruptions in the supplychain and their own process. From procure-to-pay software to spendmanagement and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychainmanagement, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
With new legislation being introduced for 2023 in Europe, such as the SupplyChain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Investment in technology is crucial and requires even more during the time of an economic downturn. “
The primary drivers of this strategic move heavily lean on increasing efficiency, improving productivity, reducing errors, and generating greater cost savings. Between this limited capacity and a need for agility, outsourced work primarily falls to strategic activities, transactional activities, and tech or support systems.
Spendmanagement and procurement will play a key role in enabling banks to achieve their efficiency targets while managingsupplychain risks,” he added. Moreover, the bank lacked any collaborative supplier relationship management or sourcing tool.
With the increasing complexity of supplychains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Improve spendmanagement by implementing a buying plan Effective spendmanagement is crucial for any organization’s financial health.
How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supplychains and drive efficiencies.
If you work in procurement and supplychain , you know there are hundreds of technology solutions geared toward making the purchasing process easier and more efficient. It is also common for procurement and IT teams to run lean, making it very easy for tech contracts to be left unmanaged. By Mackenzie Oakley | June 28, 2022.
With the continuing supplychain challenges of recent years, these problems have only been thrown into sharper relief. In order to combat volatility, inflation, and shortages, having agile technology is a must. How Can Finance & Procurement Collaborate?
The Execution and Collaboration modules give you the ability to track tasks and approvals individually, bringing you closer to project completion. Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spendmanagement platforms.
No matter the size of your company, how you structure your purchase process has a direct impact on your company’s ability to control costs, manage risks, and maintain process resilience as supplychains evolve. These include increased agility, specialized purchasing, and supplier diversity. Purchasing agility.
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