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Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
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.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
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 supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. on time payments) and spend visibility.
Like every industry Procurement & Supply Chain software vendors are having to find new approaches in the pandemic world, and firms are coming up with ways of holding events virtually, some of which work better than others. The May 5 th programme is open to everyone, while the 6 th is limited to current Ivalua customers. .
John Cockerill was looking for a unified end-to-end spend management platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimize collaboration between internal stakeholder and suppliers in a highly secure environment.
As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.
Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Zara’s Supply Chain Approach.
Inevitably, the procurement process is complex and challenging to manage. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Streamlined Component Procurement. A more complex purchasing activity is hard to imagine!
Ivalua has announced the findings of a worldwide survey of supply chain, procurement and finance business leaders, on the status of their digital transformations, the obstacles encountered and keys to success. To download the full “The Path to Effective Procurement Transformation” study* please click here. About Ivalua.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. The study revealed the challenges procurement teams face when it comes to achieving business objectives and the wide and growing gap in performance between advanced and less mature teams.
This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. Procurement teams have a particularly important role in supporting companies’ sustainability goals. As such, procurement is the biggest lever companies can use to control greenhouse gas emissions.
With a 37-year career, primarily focused on supply chain, he brings vast expertise in areas such as sales, customer service, logistics, distribution, global trade, procurement, sustainability, supplier diversity, and supply chain strategy leadership.
Europe relies on Russia for around 35% of its natural gas. Increased shipping lead time: More than 6,000 miles of railroad runs through Russia and connects Eastern China with Western Europe. You will need to engage your procurement, sourcing, and finance teams as part of such an effort. This further adds to lead times.
Over the years, individual locations—the company has several manufacturing locations in Europe and North America—have behaved increasingly autonomously. Meanwhile, customers’ procurement operations were seeing a new generation of talent come of age who were pushing for better value-added services and shipment visibility.
The Suez Canal is the shortest route for container traffic from Asia to the Mediterranean and Europe, and is also used for some volumes from the Far East or Southern Asia to North America. Europe and Mediterranean volumes with these carriers as well. What to expect from shipping in the Suez Canal & Red Sea? Asia – N.
The deepening power crisis has already taken 900,000 tons of smelting capacity offline in North America and Europe. As the US and Europe enter peak winter season in Q4, issues on the energy front are expected to be more severe. About 73% of the aluminum cans in the US come from recycled scrap. What’s Next?
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalise procurement and use it as a growth driver.
Massy, France 05 July , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation. About Ivalua. Learn more at www.ivalua.com.
Raj Subbiah is Head of Product for Uber Freight , Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. Raj Subbiah is Head of Product for Uber Freight, Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. About Raj Subbiah.
8 April, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on restoring growth. Now is the time to digitalize procurement and use it as a growth driver.
has selected Ivalua’s platform to drive its Procurement digital transformation journey with PwC as implementation partner. procurement digital transformation started on December 2020 with the Go-Live of the Ivalua Supplier Management module. in realizing its digital procurement vision.” REDWOOD CITY, Calif.,
At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”. Automation and innovation are at the forefront of the supply chain industry with procurement acting as a key enabler in the process. Körber at a Glance….
A scenario where procurement and consumers directly order a product from the network becomes feasible in this configuration. Valentijn is the focal point for ARC’s Benchmarking Consortium in Europe. The post Industrie 4.0 Breakthrough: Networks of Flexible Plants appeared first on Logistics Viewpoints.
I know that your primary focus is procurement. For LKQ Europe , as shown in Figure 1, testing on brake pad distribution showed that the bullwhip effect was 48% between channel demand and the customer order. Bullwhip Effect at LKQ Europe Summer 2022 Testing So, why do we not measure it? ” Anna, this blog post is for you.
Empowering Procurement & Supply Chain Leaders Across the Globe. Hundreds of the most admired companies from Europe, the U.S., Ivalua was again positioned as a Leader by Gartner in the 2020 “Magic Quadrant for Procure-to-Pay Suites. Ivalua was also again positioned as a Leader by Forrester Research Inc.
If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.
Part I: Bridging the Gap between Procurement and Finance. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . A New Vision for Amrest. Where to begin?
Part I: Bridging the Gap between Procurement and Finance. Amrest, a restaurant operations leader in Europe, was looking to create one business, one team, with one mission. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . A New Vision for Amrest. Where to begin?
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
In Europe, more than 500,000 road carriers are in the market, 99% of them with less than 50 employees. Most of the shippers procure their transport through long-term contracts with selected carriers. Thus, freight buyers need to do more to integrate decarbonization into their procurement practices.
If interested in receiving a full table of contents, please contact Conrad Hanf ( chanf@arcweb.com ) if you are located in North America, Latin America, or Asia; or Ann-Kathrin Blech ( ABlech@ARCweb.com ) if in Europe. Growth Drivers. E-Commerce Fulfillment Demands.
Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. Fortunately, the report shows that procurement is putting actions behind words.
I left supply chain and went to Europe for four years, and thought it would change. The new vision will not come from sales talking to procurement buyers. I was talking to a client yesterday about the evolution of technologies for the extended supply chain. She stated, “ We are having the same conversation over and over again.
Alex Saric, Smart Procurement Expert, Ivalua. Procurement has a vital role to play in identifying and managing risk. To mitigate, businesses across Europe had to work with suppliers to find alternative short-term supply to ensure the shortage did not affect consumers. Procurement has a vital role to play.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too.
Amrest, a restaurant operations leader in Europe, has shown growth and resiliency despite economic downturns. Suppliers can support company growth as part of the Amrest procurement journey. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. . Part 1 HERE. Part of the Solution.
PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurement teams globally. “70%
In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging.
Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia.
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