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In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs.
What Lieferkettengesetz Means for Procurement? The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. For procurement organizations, the German SupplyChain Act presents both challenges and opportunities.
33 Procurement Interview Questions in 2022. SustainableSupplyChain — The Ultimate Guide. The sustainablesupplychain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. SupplyChainSustainability: What is it?
33 Procurement Interview Questions in 2023. SustainableProcurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. However, what is it when it comes to sustainability? Defining SustainableProcurement Analysis.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Bullwhip Effect — Everything About SupplyChain Bullwhip effect can disrupt your supplychain and you must consider yourself lucky if you still have not experienced this.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter SupplyChain Network Design — Everything About SupplyChainSupplychain network design helps businesses to mitigate disruptions by configuring the supplychain.
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. With regulatory requirements, sanctions regimes, and public scrutiny on the rise, sustainability is a top priority for every organization globally.
As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.
51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! In this article, we will define what the global supplychain is. We will discuss why it is important and the benefits you can gain from the global supplychain. Additionally, we will tell you some tips on how to improve your global supplychain.
33 Procurement Interview Questions in 2022. SustainableSupplyChain Consulting — The Ultimate Guide. Sustainablesupplychain consulting firms are hired by many big businesses to help them with their goals. In this article, we will discuss what sustainablesupplychain consulting firms are.
33 Procurement Interview Questions in 2022. Sustainable Manufacturing — Everything You Should Know. Sustainable manufacturing is gaining popularity as a growing number of manufacturers are realizing its substantial financial and environmental benefits. However, what is sustainable manufacturing? But what really is it?
Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. This series shapes a five-phase approach to aligning finance and procurement. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration.
Ivalua, a global leader in spend management , and Capgemini, a global IT services and consulting firm, today announced that after a comprehensive evaluation of available technology solutions, the Volkswagen Group has chosen Ivalua’s platform to digitize its global indirect procurement processes for the Group’s entire brand portfolio.
Spend Matters honors a vast array of procurementsolution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Get to know all the procurement tech providers that made our lists this year.
Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Exploring the world of procurement tech in Q1 Spend Matters Insider coverage in Q1 included more than just our staple Vendor Analyses. The success of the Procurement team at Utz Brands, Inc.,
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. SustainableProcurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. However, what is it? Why is Managing Your Warehouse 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 supplychain resilience and continuity, reduce costs and protect the bottom line.
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.
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.
Procurement has evolved from a back-office function to a strategic driver of innovation and value. While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Real transformation demands a mix of creativity, strategy and much patience.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supplychain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. SustainableProcurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. SustainableProcurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. This software enables companies to create more efficient and transparent relationships with their suppliers, improving the overall performance of their supplychain.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Integrated Logistics — What You Should Know Integrated logistics is gaining popularity throughout the years to the point of replacing the traditional logistics concepts. However, what is it?
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?
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.
Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.
Following the global climate protests that swept the world in 2019, sustainability rose to become a business priority. In our latest study of UK-based procurement, supplychain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak.
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. SustainableProcurement Maintain high profitability while moving toward sustainability 4. While these two may seem similar, they serve different purposes and are used at various stages of the procurement process.
The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supplychains. For many Chief Procurement Officers (CPOs), the real message was clear: Volatility is back, and this time, it demands faster, more coordinated and more data-driven responses. That is where technology can help.
ESG Sustainability Reporting As procurement’s intelligent source-to-pay and supplier collaboration platform, JAGGAER One enables customers and stakeholders to achieve their environmental, social, and governance (ESG) objectives by simplifying, automating, and embedding sustainability principles directly into our softwaresolutions.
Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. SustainableProcurement Maintain high profitability while moving toward sustainability 4. So, let’s dive in and learn how to reduce procurement costs. What is a Should Cost Model?
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
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.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Fourth Party Logistics — Everything You Should Know Fourth-party logistics (4PL) help businesses to optimize their entire chain. In this article, we will discuss what 4PL means. 4PL: What is it?
The pandemic wreaked havoc on businesses and their supplychains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supplychain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.
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