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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.
Supplychains are the backbone of global trade that ensure the smooth movement of goods and materials across industries. One of the most effective strategies for building resilience is integrating project management into supplychain operations. Enhance visibility across the supplychain through structured reports.
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.
New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Redwood City, CA – 11 July, 2022 – Ivalua , a global leader in Cloud Spend Management solutions , announced the general availability of its new platform release 174.
Supplychains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supplychain and your customers’ end markets. How can you create a more efficient supplychain and gain a better understanding of overall performance?
They should do this by regularly tracking changes in the economy and taking proactive steps to mitigate any potential risks associated with inflation. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
Subscribe to SupplyChain Game Changer. SupplyChainRisk Management is a Cirque Du Soleil Calibre Act! In today’s world, supplychains are more important than ever. In fact, 89% of businesses encountered a supplier risk event in the last five years. Subscribe Here! Email Address.
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.
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. According to Jones, there four key areas in which modern software will enable and empower procurement: 1) Optimize automation.
How Private Equity Shapes Modern SupplyChains Money from private equity doesnt just change ownership. Picture a logistics firm suddenly equipped with cutting-edge software that tracks shipments in real time, often thanks to fresh investment. Sometimes these overlap or even contradict each other.
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.
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. Best Supplier Collaboration Software 1.
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.
Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Procurement is no longer judged solely on cost savings but also on metrics like risk mitigation, supplier diversity, and innovation impact.
Modern Spend Management and Accounts Payable software. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Efficient supplychains play a major role in keeping schools running smoothly. What's PLANERGY?
As the procurement industry and supplychains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supplychain management in the coming year.
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.
This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.
The appetite for third-party risk management (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)
The most recent Hackett Group Report highlights key priorities reshaping procurement in 2025, including technology adoption, the rise of Generative AI, and managing emerging risks. Demand Management: Work with internal stakeholders to understand their needs and identify opportunities to reduce consumption or find alternative solutions.
As I've experienced with NetSharx clients transitioning to Unified Communications as a Service (UCaaS), scalable solutions allow businesses to grow without major overhauls, ensuring the procurement tool can support evolving needs and integrating emerging technology like AI and SD-WAN. Better records mean better outcomes.
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). Ivalua is a leading provider of cloud-based Spend Management software. About Ivalua.
Supplychain design and optimization projects present significant challenges, ranging from complex network structures, and multiple databases to diverse business objectives. However, achieving these objectives requires a strategic approach and a deep understanding of dynamics within the supplychain ecosystem.
Modern Spend Management and Accounts Payable software. As procurement teams mature, theyre no longer just fulfilling orders or controlling spendtheyre enabling growth, mitigating risks, and aligning closely with finance and business leadership. 9] Risk mitigation is another driver. What's PLANERGY?
Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supplychain variables. . Disruptions in global supplychains, labor market shortages, strong consumer demand. The Criticality of the SupplyChain (and Suppliers). What can we expect in 2022?
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.
For businesses to succeed, supplychain optimization is essential to succeed. Supplychain optimization can achieve this with the help of data analytics. They can understand their supplychain operations with more precision. They can understand their supplychain operations with more precision.
Modern Spend Management and Accounts Payable software. Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement SupplyChain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring? What's PLANERGY?
The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. Financial RisksRisks in this category range from an unexpected change in the exchange rate to supplier bankruptcy. This can also include economic instability.
Many more traditional supplychain strategies originated in a steadier business environment. Predictable business cycles and stable demand allowed supplychain professionals to focus less on solving challenges and more on cost reductions. The transition to cloud solutions in supplychain management.
Subscribe to SupplyChain Game Changer. Defining the New Normal in SupplyChain! Resilience article and permission to publish here provided by Sam White at Argentus. As everyone in SupplyChain Management knows today, the field has come a long way. Subscribe Here! Email Address. Get Our EBOOK HERE.
With AI’s lightning-speed evolution, supplychain attacks are expected to become even more sophisticated and harder to detect, putting procurement and logistics professionals on high alert. These attacks will target vulnerabilities within supplier networks, compromising software, hardware, and third-party vendors.
Importance of Risk Management in Procurement Procurement plays a critical role in the success of any organization, as it involves acquiring goods and services necessary for business operations. Finally, we will provide practical tips for incorporating risk management best practices into your organization’s procurement process.
Since the effects of the Coronavirus pandemic hit businesses across the globe, supplychain digitalization has moved to the top of many boardroom agendas. As companies look to build resilientsupplychains, they are turning to technology to mitigate the impact of future disruption. Warehouse management systems.
Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement. Schott is a great example.
Supplychain managers and inventory management professionals face a constant barrage of supplychain crises, with one always waiting around the corner. With every crisis comes the potential for supplychain disruption that can cause chaos for stock-holding businesses. Global supplychains.
The past few years have seen unprecedented supplychain challenges largely stemming from COVID-19 disruptions. Consequently, companies are becoming more focused on anticipating, reacting to, and planning for the unexpected through their supplychain strategies. SupplyChain Digitalization.
At its core, procurement strategies are all about managing the change aimed at driving continuous improvement in the supplychain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supplychain.
Analytics + real-time signals = perpetual planning to optimize supplychain flows ” They are describing the space to which manufacturers, retailers, distributors, and even service providers are rapidly moving with value network analytics.
The new software has a reduced bias and error scatter compared to previous models. The Environmental Agency has set out it’s own risk management strategy to support the nation for flooding and coastal changes. Monitor and adapt: Procurement teams should monitor the changing risks and adapt their strategies accordingly.
But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. You don’t need a 6-figure software budget or a large sum to hire consultants for implementation. There’s plenty of digital procurement solutions out there for every budget.
What is SupplyChain Management (SCM) SupplyChain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supplychains lead to improved profit margins.
According to the Logistics Bureau , strategically reducing supplychain costs can substantially boost net profits, while the scope for potential reductions remains wide open. This is especially the case as supplychains become increasingly complex and digitalized.
At its core, procurement transformation is all about managing the change aimed at driving continuous improvement in the supplychain. It also provided insight into building resilience through technology, people, and processes concerning the continuous improvement of the supplychain.
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