Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Suppliers 147

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. Let’s get started.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

FEBRUARY 1, 2024

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. Our approach encompasses the development and implementation of cutting-edge procurement dashboards and tools.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Value is usually secured via three implementation routes – internal business change, supplier management and sourcing. Business requirements.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

ivalua

JUNE 26, 2023

Our team also welcomed MBDA, Ametek, Blue Crest Capital, Sainsbury’s, ISG, Genel Energy, and Motorola Solutions. They asked, what can organizations do to optimize their strategic sourcing processes? They asked, what can organizations do to optimize their strategic sourcing processes?

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ivalua

JUNE 24, 2015

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. Now let’s turn to why you, as a sourcing professional, should care more about big data. The heart of any big data solution is the analytics that can be automatically derived from it.

Strategic sourcing 138

Strategic sourcing Strategic sourcing Data Sourcing 138

Spend Matters

APRIL 10, 2024

This Spend Matters Vendor Analysis gives an overview of Matchory, a solution built to simplify and accelerate the supplier discovery process. The post Matchory: Vendor Analysis — Supplier discovery solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters.

Suppliers 83

Suppliers Supply Chain Efficiency Supply Chain Optimization Strategic sourcing 83

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 105

Sourcing Strategy Supply Chain Efficiency e2e 105

World of Procurement blog

APRIL 24, 2024

In the intricate tapestry of the procurement process, early engagement is not merely a step but a fundamental strategy that can significantly shape the outcome. The role of procurement has evolved from transactional to strategic, signaling a transformative shift in its impact on business success. A: Absolutely.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

ivalua

MAY 9, 2023

There is quite a substantial effort to participate in a public tender process, so most vendors have a limit to how many unsuccessful tenders they are willing to respond to before giving up. In light of existing rules, vendors can deter competition by driving prices down in competitive tenders.

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

Procurement Heads

DECEMBER 7, 2022

We have a two-sided consumer and merchant network and specialise in enabling businesses and consumers to connect and transact seamlessly through payment processing, digital wallets, and online cash solutions. The two key functional areas are strategic sourcing and category management. Then we also have vendor management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 77

Strategy Strategic sourcing Strategic sourcing Management 77

World of Procurement blog

APRIL 23, 2024

A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

A significant driver of this evolution has been the integration of advanced technologies into procurement processes. From automated systems to data analytics, technology is reshaping procurement, making it more strategic, efficient, and adaptable to changing market demands. Types of Technology Transforming Procurement 1.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

ivalua

OCTOBER 1, 2019

processes and solutions. Louis Wong, Solutions Consulting, APAC. For more information on Ivalua’s Solutions please visit: Learn More About Ivalua. Ivalua Strategic Sourcing. I valua Complete Source to Pay. Eric Seah, Sales Director APAC. IvaluProcure to Pay.

Strategic sourcing 153

Strategic sourcing Strategic sourcing Sustainability Sourcing 153

ivalua

SEPTEMBER 20, 2021

Redwood City, CA September 21 , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions , today announced that Asian Paints successfully deployed Ivalua’s Contract Management and Supplier Information solutions to enhance their strategic sourcing processes. About Ivalua .

Contract 130

Contract Collaboration Sourcing Contract management 130

ivalua

JULY 6, 2015

The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?

Sourcing 138

Sourcing Strategic sourcing Strategic sourcing Suppliers 138

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Well-trained staff can effectively implement new tools and strategies, making the transformation process smoother and more successful.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Empowering CPO

MARCH 21, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. ” Implementing a robust compliance tracking process is essential to realizing projected savings on the ground as envisioned during strategic sourcing.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle. So, in this stage actual savings realization curve remains almost near to the baseline.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Empowering CPO

MARCH 17, 2024

The complexity of numerous categories, baseline assumptions, and resistance from healthcare providers impedes the realization of projected savings from strategic sourcing efforts. Typically, this involves four major stages in the savings lifecycle. So, in this stage actual savings realization curve remains almost near to the baseline.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Optimization Sourcing 52

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution.

Sourcing 80

Sourcing Strategic sourcing Strategic sourcing Ethics 80

Spend Matters

APRIL 4, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Meet AI’ In the ‘ Meet AI ’ series, the Spend Matters analyst team explored the implementation of AI in various segments of the procurement process. Not all implementations are the same, however.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

Barkers Procurement

DECEMBER 10, 2023

As part of this award, there was a commitment from all partners to work as part of a sustainable supply chain group where suppliers would collaborate on areas such as strategic sourcing, innovation and knowledge share/ transfer. SOCIAL VALUE Delivering social value was fundamental to the process.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Collaboration Innovation 52

Empowering CPO

FEBRUARY 23, 2024

Introduction In the dynamic world of procurement, artificial intelligence (AI) is rapidly reshaping the sourcing landscape. As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. Data governance ensures reliable insights.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

The same Hackett Group study also found that companies with mature category management processes had 20% lower procurement costs and 30% shorter procurement cycles. Additionally, category management fosters a focus on strategic sourcing , allowing teams to explore new sourcing opportunities that align with business growth objectives.

Category management 52

Category management Management Procurement Supplier relationship management 52

Procurement Software

APRIL 23, 2024

There are plenty of affordable spend analytics solutions on the market who cater to mid-market businesses. We look at 7 of them who offer spend analytics software solutions tailored towards the mid-market. Mithra-Ai Mithra-AI Solutions B.V. Mithra-Ai Mithra-AI Solutions B.V.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

ivalua

JUNE 29, 2020

hospitals are overspending on supply chain products and related operations, processes, and procedures by $25.7 Add to this a set of complex and unique processes such as bill only transactions, which are often fairly resource intensive. Not to mention the automation of time consuming processes, tailored specifically for healthcare.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. However, it is sometimes overlooked and usually done through a manual process. . Enhancing strategic sourcing through data analysis.

Contract management 130

Contract management Contract supply chain software solutions Management 130

Spend Matters

DECEMBER 22, 2023

This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. Having the business user interacting with LLMs is only the first step.

Procurement solutions 83

Procurement solutions supply chain budgeting Procurement Budget 83

Procurement Tactics

JUNE 7, 2023

It is a common concept in cost accounting and is used to evaluate the efficiency of a company’s purchasing process. Effective Strategic Sourcing Strategic sourcing can have a positive impact on purchase price variance by helping companies to improve their procurement processes and negotiate better prices with suppliers.

Price 130

Price Purchasing Raw materials Negotiation 130

ivalua

JULY 27, 2015

The always astute Pierre Mitchell from Spend Matters recently called out an unnamed solution provider for “trying to create some thought leadership about upstream value creation and downstream value capture.” This reminded me of a prior post I wrote about the subject and I wondered if Pierre was writing about me. If so, in my (imperfect?)

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130