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Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. In this blog, we cover the key differences between procurement and supplychain management, and explain where the biggest disconnects typically occur.
SustainableSupplyChain — The Ultimate Guide. The sustainablesupplychain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. However, how can companies demonstrate tier responsibility through the supplychain?
Maja Tepeh , Senior Brand Manager at supplychain risk management solution Prewave , shares what their customers are looking for from their digital procurement investment. On an environmental level, progress toward targets needs to be measurable: not just at the customers company, but across their entire supplychain.
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. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supplychain.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. It should also strengthen supplychain collaboration across global supplychains, multi-tier supplier networks, and high-value contracts.
The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychain management.
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.
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. However, what is it?
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.
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supplychain performance and achieving long-term business success.
First Name Email Download 51 Prompts → Or receive our famous weekly newsletter Global SupplyChain — Everything About SupplyChain Global supplychain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.
Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. TEI helps organizations measure ROI, NPV, and efficiency gains from implementing solutions like Ivalua’s Source-to-Pay (S2P) platform. What is Total Economic Impact?
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. Supplier Order Management Software: What it is?
Sustainable Procurement Analysis — The Ultimate Guide. However, what is it when it comes to sustainability? In this article, we will discuss what sustainable procurement analysis is. Once you finish reading this article, you will gain a deeper knowledge of what sustainable procurement analysis is.
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?
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.
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. What is Sustainability in SupplyChain?
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? . This article will tackle what sustainable manufacturing is.
Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.
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.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. They increase an organization’s efficiency during processes like sourcing, purchasing, supplier management, and spend analysis.
The Art of Supplier Collaboration: Best Practices to Build Lasting Partnerships Dynamic market changes and global events seem to create newer demands and greater pressure on procurement professionals. Growth Strategic supplier relationships are vital for supporting business growth.
Your customers, employees and shareholders want to know you have a plan to address supplychainsustainability. Supplychainsustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.
One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.
As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.
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.
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.
Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supplychain.
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. Forrester’s study of 500 Procurement Professionals looked into the opportunities for SVM software to help return business to sustained growth.
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.
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.
Additionally, we will tell you the advantages of having integrated logistics in your supplychain. Thus, this will enable you to implement it in your supplychain. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. What is Integrated Logistics?
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. A sales order is a confirmation document a supplier/seller issued to the buyer. A purchase order is a document created and issued by the buyer to a seller/supplier. What is a Sales Order?
As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supplychain management and internal stakeholders as well as external partners made a major contribution to this.
In the fast-paced world of entertainment, strategic supplychain management is crucial to ensuring seamless operations and success. SRM Entertainment, a leading player in the industry, has recently made a groundbreaking announcement regarding its supplychain measures.
Sustainable Procurement Maintain high profitability while moving toward sustainability 4. It is a powerful tool that helps procurement and supplychain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.
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. Regulations like the EU’s Corporate Sustainability Reporting Directive (CSRD) made procurement’s compliance efforts critical to financial reporting.
In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions. The digital transformer balances strategic thinking, project planning, and operational execution to ensure the successful implementation of technological solutions. The Quality and Sustainability Advocate.
Subscribe to SupplyChain Game Changer. SupplyChain Investment Challenges – Real and Imagined! Intelligent SupplyChain technologies article and permission to publish here provided by Dan Weinberger , UN SupplyChain Expert and CEO of Morpheus Network. Subscribe Here! Email Address.
Given the magnitude, complexity, and sustainability focus of their global supplychain, Volkswagen fully recognizes the strategic role of procurement in providing the company with a true competitive edge in an uncertain global market environment”, said David Khuat-Duy, founder and CEO of Ivalua. “The About Ivalua.
(IO) Understanding AWS Marketplace in the context of procurement solutions Many are more familiar with Amazon Business, a platform for sourcing indirect physical goods. Read Lead Analyst of Downstream Procurement Xavier Olivera’s quick breakdown of the solution.
However, for supplychain professionals, it will also be remembered as a summer of environmental, social and governance (ESG) legislation. Last year, Germany passed its Act on Corporate Due Diligence Obligations in SupplyChains. Also slated for 2023, is the EU SupplyChain Law. Interrogate supplier data.
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