Remove Government Remove Metrics Remove Procurement
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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

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.

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!

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Organizational Alignment: Overlooked, but So Important.

Supply Chain Shaman

In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. Layering CRM and SRM on top of ERP made sales and procurement more efficient but less effective in working with trading partners and serving the organization.

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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

Focus on functional metrics without alignment to a balanced scorecard to drive value. Over the last decade, in the building of global supply chains, organizations grew more political with gaming on metrics. Lack of clarity in governance for decision-making. Belief in efficient procurement. Mistake #3. Mistake #4.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?

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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. Over four-hundred days of war in Ukraine. Unrest in Sudan. Shift in cycles.

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A New Decade: Give Science A Chance

Supply Chain Shaman

In short, his vision of an end-to-end supply chain was transactional: better processing of order-to-cash and procure-to-pay. The movement from regional to global supply chains increased corporate politics with few having clear governance. He was controlling but lacking the understanding of a planning project. The So What?