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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.
Learn how Körber leveraged Ivalua’s software tools to automate and streamline tactical activities while keeping strategy front and center. The global supplychain is undergoing an incredible transformation that will change the way we do business. 5 BU’s: Digital, Pharma, SupplyChain, Tissue, and Tobacco.
Finally, Ivalua’s eProcurementsolution enables users to create purchase orders quickly and accurately while providing visibility into status updates along each step of the procurement process. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.
Secondly come eProcurement, SupplyChain Collaboration, Invoicing, and Payments. Ultimately, businesses looking to enhance their agility and data-driven decision-making will find significant value in modernizing their S2P workflows. Digitalization also fosters greater agility in supplier management.
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supplychain management, 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.
eProcurementsolutions simplify catalog management, supplier onboarding, and requisition processes, while supplychain collaboration tools reduce delays and enhance communication with suppliers. Leveraging Technology to Power the P2P Process Modern P2P processes leverage advanced technologies to streamline workflows.
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. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •
Organizations are looking to CPOs to take on broader and deeper strategic initiatives to create a future proof supplychain. Software tools were used to capture, process, and store data. Learn more: AI and ML for Cognitive Procurement in the Value Chain. What Covid-19 did to firms globally is no secret.
This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions. Our survey shows that most procurement teams are there already with many applications: SRM, eSourcing, and eProcurement are in place.
Supplier KPIs Suppliers, by definition, comprise a crucial link in your supplychain. This constitutes a high risk for shortages and bottlenecks; potential customers will take notice as was recently shown with the most recent supplychain disruptions. After all, your shortages are their problem, as well.
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