Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

The Procuretech Podcast

APRIL 26, 2022

Sometimes, an end-to-end source-to-pay (S2P) solution that joins up the dots, and automates a lot of otherwise manual processes, can give a huge productivity advantage. Providing a solid solution for source-to-pay in the mid market - Onventis has survived and thrived. Digital transformation doesn't necessarily have to be complex.

Sourcing 52

Sourcing Procurement team supply chain software solutions Procurement 52

ivalua

FEBRUARY 25, 2021

The Impact of emerging technologies on Procurement Processes: Change Management as a. In a time where emerging technologies are transforming procurement processes, it is fundamental for change managers to understand the true impact on end users, and to anticipate and overcome possible challenges to more effectively manage change.

Change management 100

Change management Influencing Strategy Sourcing 100

The Procuretech Podcast

JUNE 28, 2022

I’m talking to Dr. Wolfgang Schnellbächer from BCG, the author of a new book fresh off the presses - Profit from the Source: Transforming Your Business by Putting Suppliers at the Core. . Sales or sourcing? It’s a legacy issue that has to change. More details about Profit from the Source. And this supported the mandate.

Sourcing 52

Sourcing supply chain budgeting supply chain software solutions Supply Chain Efficiency 52

ivalua

JULY 14, 2022

Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider.

Supply Chain Efficiency 244

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 244

ivalua

FEBRUARY 13, 2020

Nitor is the leader in source-to-pay transformation with a dedicated focus on advisory, consulting, and change management. And throughout the process, our change management expertise ensures that everything is aligned for maximum results. Our consultants execute the plan across technologies, processes and people.

Change management 130

Change management Sourcing Management 130

SupplyShift

JUNE 6, 2023

Sustainability and responsible sourcing professionals often face the challenge of engaging their procurement teams in sustainability initiatives. With procurement professionals managing a significant portion of company revenue, they play a crucial role in supply chain sustainability.

Procurement team 93

Procurement team Sustainability Procurement Collaboration 93

Una

FEBRUARY 1, 2023

Mastering Change Management in Procurement Change management in procurement is an integral part of any sourcing manager’s job. Here are three steps to overcome resistance to change. Change management in procurement Change management is an integral part of any strategic procurement manager’s job.

Change management 98

Change management Management Procurement Leadership 98

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. Change Management: Employees need training to adapt to AI-driven processes. AI algorithms categorize expenses, identify cost-saving opportunities, and recommend strategic sourcing initiatives.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities. The solution to this conundrum is not a traditional S2P suite or best-of-breed application.

Procurement 79

Procurement Category management Procurement team Risk management 79

IBM Supply Chain Blog

MARCH 25, 2024

This blog and the IBM Institute for Business Value study The Revolutionary Content Supply Chain aim to answer these questions to help executives and their employees to better understand the changing landscape in content creation and embrace the power of generative AI models when it comes to optimizing their content supply chains.

Supply Chain Optimization 101

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 101

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives. Strategic Sourcing: Develop a strategic sourcing strategy for each defined category.

Category management 52

Category management Management Procurement Supplier relationship management 52

Supply Chain Game Changer

DECEMBER 15, 2020

The site is viewed as a key influencer platform in the arenas of Supply Chain, Logistics, Procurement and Management. It is a must read place source for Professionals, Students and Experts alike. Featuring Our 12 Best Change Management Articles! Featuring Our 12 Best Change Management Articles!

Inventory 98

Inventory Change management Leadership Supply chain 98

ivalua

MAY 11, 2021

Risk management has become critical, because it’s no longer just about sourcing efficiencies and cost reduction; it’s about ensuring the availability of products, and the materials needed to manufacture those products,” Dr. El-Jawahari said. . Strategic Investments Target Risk Reduction. Will digitization improve performance?

Risk management 130

Risk management Risk Supply Chain Efficiency Management 130

The Procuretech Podcast

OCTOBER 10, 2023

In the first section, he discusses fundamental challenges and opportunities in procurement, highlighting the change management process during digital transformations as a significant hurdle. 00:06:18] Change management and communication. [00:09:13] Timestamps: [00:01:52] Digital Procurement 101. [00:06:18]

supply chain software solutions 40

supply chain software solutions Stakeholder engagement supply chain budgeting Supply Chain Efficiency 40

Spend Matters

DECEMBER 15, 2023

Shaping the next generation of procurement professionals In 2024, as emerging technologies continue to redefine the workplace and professional landscape, and industries embrace AI, procurement departments will rethink their strategies to source top talent, retrain existing employees and attract the next generation of procurement professionals.

Procurement solutions 90

Procurement solutions Procurement Agile and Lean Supply Chain Contract 90

The Supplier Experience

MARCH 23, 2022

Iain a Managing Director at Sourcing Solved , an executive search consultancy company, where he works with clients to help them successfully optimize outcomes of their investments in procurement, technology and through areas such as innovative change management strategies, including advanced hiring practices.

Procurement 40

Procurement Change management Innovation Strategy 40

ivalua

JANUARY 23, 2019

In addition, Axbility Consulting will support Ivalua in strengthening its professional services leveraging Axbility Consulting’s unique methodology and change management capabilities to deliver best practices and tangible results for customers aiming to transform Procurement. Dan Amzallag, CEO at Ivalua. # # # #.

Procurement 145

Procurement supply chain software solutions Supply Chain Efficiency Spend management 145

Procurement Software

APRIL 18, 2023

This demonstrated just how much the wider business could benefit from implementing such changes. Within just six months of adopting an entirely new way of sourcing, the team saved between 12% and 22% across every product and service. E-sourcing platforms have eAuctions built in as part of the overall RFx process.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Spend Matters

MARCH 18, 2024

AI in CLM, direct sourcing and so on), the upcoming launch of a module dedicated to external workforce management (beyond the current SoW capabilities of the solution) and a GenAI-backed intake module. These include enhancing several existing capabilities (e.g.,

Procurement 91

Procurement Raw materials Sustainability Risk 91

Procurement Insights

JANUARY 22, 2024

– [link] MUSING #2 How agile is your sourcing program? (Part 1 of 3) – [link] Are you chasing solutions or solving problems? Part 2 of 3) – [link] What’s The Cure For Solution Map Migraine? Are you optimizing your negotiations amidst all of the chaos? ” – The Number 1 Question.

Supply Chain Optimization 75

Supply Chain Optimization Agile and Lean Supply Chain Negotiation Supply chain 75

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. There is also a separate team that looks after sourcing, contracting and payment activities. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. There is also a separate team that looks after sourcing, contracting and payment activities. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Una

MARCH 14, 2023

We’ve chatted with experienced sourcing veterans, junior employees just finding their feet, CPOs wielding enormous buying power at Fortune 500 companies, and trail-blazers bravely carving out greenfield procurement functions. Leadership Intrapreneurs are natural leaders who are able to inspire and motivate others to achieve a common goal.

Procurement 97

Procurement Purchasing Innovation Risk 97

ivalua

DECEMBER 8, 2020

The city of New York adjusting normally cumbersome processes to secure new sources of supply for unprecedented numbers of ventilators. Sprint’s strategic sourcing transformation, presents a great example, in multiple ways. Technology has become easier to use and leaders place more focus on change management.

Procurement 130

Procurement Leadership Innovation Agile and Lean Supply Chain 130

Zycus Cognitive Procurement

JANUARY 24, 2023

2) Effective risk management should be a priority After the Covid-19 pandemic, enterprises have been firefighting to manage risks and have invested in developing supply chain resilience. However, the coming years will see a shift towards a more-structured approach to supplier relationship management.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Heads

FEBRUARY 6, 2023

Then I moved from there and set up a company called Sharemax which was an e-sourcing provider when it all first happened (the eCommerce bubble). People, process, technology, source to contract system, the P2P environment etc. They are the key features really, the other one is that I am quite good at sourcing and I like doing it.

Procurement 130

Procurement Price Negotiation Management 130

Una

JANUARY 1, 2024

5 Meaningful New Year's Resolutions for Procurement Sourcing Heroes can set their organization up for success by creating meaningful and realistic new year’s resolutions for procurement. Check if the survey results confirm or contradict other sources of information. Once you’ve made the change, survey again to measure its impact!

Procurement 52

Procurement supply chain software solutions Contract Suppliers 52

Una

DECEMBER 11, 2023

Why not start with an episode or two of The Sourcing Hero podcast? On the flip-side, you could offer to become a mentor to new team members, which can be a great option if no leadership or people management opportunities are available. News buffs unite Subscribe to relevant news sources. Project commander Put your hand up!

Procurement 52

Procurement Agile and Lean Supply Chain Leadership Negotiation 52

Una

OCTOBER 26, 2023

At present, ESG reporting in the US is predominantly mandatory but this is likely to change – last year, the US Securities and Exchange Commission (SEC) proposed rules to enhance and standardize climate-related disclosures for investors. In addition, the conversation is shifting around the value that ESG can bring.

Management 52

Management Procurement Supply Chain Efficiency Stakeholder engagement 52

ivalua

JANUARY 29, 2021

The other key change from the pandemic around strategic priorities was that supplier sourcing and supplier risk management were the only other major strategic priority to increase. The feedback from the survey was that process adaption and change management are the most important factors.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

JUNE 16, 2021

As MENA organizations continue to move aggressively toward digital transformation, many are adopting eProcurement platforms, to digitize and automate routine, time-consuming tasks throughout the source-to-pay process. While starting with a clear strategic vision is essential, these challenges will still need to be addressed.

Eprocurement 130

Eprocurement Supply Chain Optimization Agile and Lean Supply Chain Procurement team 130

Procurement Heads

JULY 19, 2023

Our Coupa Supplier Portal is now running 55% of our group spend and by the summer it will be up to 75%, that is three part – source to contract, information model and the procure to pay. What’s more, we have set a target that we want to source 12% of our spend into diverse suppliers as a minimum by 2025, we are already at 8%.

Real-time Visibility 130

Real-time Visibility Procurement Sustainability Import 130

Una

JUNE 15, 2023

10 Procurement Outsourcing Services Explore ten procurement outsourcing services available to help your sourcing function save more money, time, and effort. The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52

ivalua

SEPTEMBER 2, 2019

Orsay (France), September 02, 2019 – Viparis has chosen e-Procurement software vendor Ivalua and Consulting firm CKS to optimize the management of supplier relations, source-to-contract (purchase orders, calls for tender and contracts), expense analysis and measurement of Procurement performance.

e2e 133

e2e Procurement Purchase orders Project management 133

Supply Chain Game Changer

OCTOBER 28, 2021

Change requires Change Management. Change can be an uphill battle. As Woodrow Wilson once said, “If you want to make enemies, try to change something”. Change is uncomfortable, uneasy, and — often — applied, not chosen. Maybe existing strategies and processes need to shift before you can adopt new processes.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89