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Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?
To manage tariffs effectively, companies must align their tariff strategies with their broader business goals, including product design, pricing, supplychainresilience and sustainability objectives. This article explains how this affects Procurement. This content is for members only.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
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. Procure-to-Pay.
So it’s no surprise that the future of manufacturing now lies in a technology that combines all of those high-end innovations: Predictive Procurement. What Is Predictive Procurement and How Is It Reshaping High-Tech Manufacturing? Predictive Procurement is the latest evolution in digital procurement processes.
Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. This year’s theme focused on reshaping the procurement industry’s approach to innovation, tackling challenges, and uncovering fresh paths to success.
Customers can now ensure greater supplychainresilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. About Ivalua. Learn more at www.ivalua.com. Media Contact.
It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.
His colleague, Jack Birch , Senior Manager – Interim Recruitment, shares his update on David’s insight and looks at: Why interims are still in demand IR35 – the repeal of the repeal and its impact Where we are currently seeing demand for interim procurement and supplychain professionals Current interim procurement professional day rates.
The Role of Agentic AI in SupplyChainsSupplychains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting. Agentic AI takes this a step further by enabling autonomous supplychain systems.
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. CPO roundtables, SIG University workshops) and real-world procurement execution (e.g., It focuses on practical supplychain challenges (e.g.,
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth.
Ivalua Spend Management 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.
4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms.
Procurement Insights isnt just an opinion engine. Its the institutional memory of the procurement profession and the only advisor offering contextual guidance built from decades of archived intelligence. It fills critical gaps in depth, agility, and contextual insight that most traditional analysts and association models overlook.
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
As both a practitioner, provider, and industry analyst with 43 years in high-tech and procurement, I was recently asked the following two questions: Are you suggesting that you could do a better job of reversing the high generational failure rate of ProcureTech solutions? From The Sidelines To. And just remember, YOU asked me!)
Public procurement departments are navigating a complex landscape of challenges, including regulatory shifts, inefficiencies, difficulty building resilientsupplychains, and an increasing demand for sustainability and transparency. There are over 300 regulations relating to public procurement in the UK.
How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. They now expect procurement to follow suit, with solutions that are not just smarter, but increasingly self-driving.
Reviewing pandemic responses and strategies, some CPOs and Procurement teams managed a bit better than their peers as uncertainty and change mounted. But most sourcing and procurement teams need to pivot and modify the way they handle SCM decisions. Why is Supplier Information so important?
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supplychainresilience and continuity, reduce costs and protect the bottom line.
Let’s set sail on a journey towards efficient and effective supplychain management. By harnessing the power of data analytics and strategic insights, organizations can proactively mitigate the impact of tariffs on their supplychains while enhancing operational efficiency and cost-effectiveness.
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.
What are the pros and cons, and what supplychain strategy will pave the way to higher margins, improved supplychain risk management in healthcare and improved patient care? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . View Webinar Replay.
Supplier Value Management (SVM) platforms include the various applications used to automate and manage activities with suppliers, including Supplier Risk & Performance Management (SRPM), Source-to-Contract (S2C), and Procure-to-Pay (P2P).
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. It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers.
The global supplychain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supplychainresilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Körber at a Glance…. 2B EUR Revenue in 2021.
This is due to factors such as fragmented procurement, lack of centralized contracts, supplychain disruptions, and rapid adoption of new technologies 3 5. Direct materials are usually managed with formal procurement processes and long-term contracts, which dampen price volatility and create predictability.
The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. Don’t Panic!
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, SupplyChain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. With its strategic advantage, procurement is poised to be the driving engine in our collective journey towards success!
Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Part I: Building Business Cases and Driving Momentum.
His colleague, Jack Birch , Senior Manager – Interim Recruitment, shares his update on David’s insight and looks at: Why interims are still in high demand IR35 – the repeal of the repeal and its impact Where we are currently seeing demand for interim procurement and supplychain professionals Current interim procurement professional day rates.
33 Procurement Interview Questions in 2023. Financial SupplyChain — The Ultimate Guide of 2023. Supplychain collaboration is definitely new to many newcomers in the supplychain industry. It may be an overused term in the supplychain but still confuses a lot of people. . LEARN MORE.
These awards celebrate the innovative ways our customers leverage our technology to transform their procurement operations and drive business value. These procurement leaders are identified and highlighted for others to seek out during the REV2025 event.
was set up by the UK Government to design and construct the railway and is responsible for procuring and coordinating a supplychain of designers and contractors to deliver billions of pounds worth of contracts. As a public funded project, supplychain transparency is critical. Develop the supplychain.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?
A well-managed supplychain does not just survive crises it thrives in them. Why Project Management is Essential for SupplyChainResilience The approach provides a structured approach to handling complex tasks, timelines, and resources.
Discover the pivotal elements that can transform procurement into a strategic asset for any organization. Automate and Plan the Purchase Process In my experience as the CEO of NetSharx Technology Partners, one of the primary features businesses should look for in procurement systems integration capability.
A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.
A recent webinar hosted by SupplyChain Now, “Balancing Cost, Risk and Sustainability in the Midst of Uncertainty, ” took an in-depth look on what it takes to transform Procurement into a highly efficient function that supports these key initiatives. She also explained how Ivalua was instrumental in making that happen.
Strategies for Building ResilientSupplyChains Recurring disturbances in recent years have highlighted the need for manufacturers and contract manufacturers to build resilience into their supplychains. Decision-makers must plan supplychainresilience strategies for a wide range of risk scenarios.
For Procurement Heads ‘ latest Big Interview, James spoke with James Dobbin about all things procurement – including his own procurement career, insights into Portland, current hot procurement topics and what he looks for when hiring into his team. How did you get into procurement?
RSupply chains run on more than trucks and warehousesmoney drives the innovation that keeps goods moving. Most investors see opportunity when technology and logistics converge, especially as private equity takes a front seat in procurement, distribution, and manufacturing. How do smart teams spot red flags before contracts get signed?
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