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Ivalua Launches Collaboration and AI-Powered Innovations to Help Organizations Improve Supply Chain Resilience and Profitability

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New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

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They should do this by regularly tracking changes in the economy and taking proactive steps to mitigate any potential risks associated with inflation. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

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Ivalua Recognized as A Leader in Supplier Value Management Platforms, Q1 2022 report

ivalua

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. Ivalua is honored to be recognized in this important evaluation covering a broad range of Procurement and Supply Chain processes.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Additionally, they can track risk and supplier performance issues in real time, enabling them to take proactive measures such as looking for alternative sources of supply before experiencing disruption to their supply chains. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.

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Digital Procurement Tools: How much do they cost?

Procurement Software

May also have integrations with other data points, or offer vendor intake or contract management capability. In some cases, you can also get SRM platforms that have supplier quality modules and supplier financial risk. Interos Interos offers a comprehensive platform designed to enhance supply chain resilience.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience. Furthermore, close collaboration with suppliers enables proactive risk mitigation, ensuring business continuity and reducing vulnerabilities.

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The Big Interview with James Ball

Procurement Heads

Definitely areas like supply chain resilience, which is a big topic at the moment; we have undertaken a lot of supply chain mapping and created a lot of real-time data and if factors were to happen, what an organisation and procurement should do to counteract them.