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Ivalua Launches Innovations to Improve Sourcing Decisions, Savings Capture and Supply Chain Visibility

ivalua

Innovations focus on supporting smarter and faster decisions around supplier relationships and sourcing initiatives, improving the capture and recognition of savings, increasing accounts payable automation and ensuring accessibility for all. Sourcing optimisation tools have traditionally been for the select few due to the complexity involved.

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Stringent Reporting Regulations Require Data Integrity

Logistics Viewpoints

The Corporate Sustainability Directive will also require companies to report on materiality conceptual guidelines, double materiality, impact materiality, and financial materiality. Finding this data may reveal that double the work is being completed to source information that already exists in other branches.

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

ivalua

Evaluating each step of the procurement process, identifying pain points, and seeking opportunities for improvement should also help to streamline workflows, eliminate bottlenecks, and establish clear guidelines for future operations. An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

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Infrastructure Planning Guidelines for Supply Chain!

Supply Chain Game Changer

Whether you are planning to start from scratch or looking to revamp the existing infrastructure for your business, here are some guidelines to help with your infrastructure planning. Considering automation for operations like manufacturing, raw material sourcing, distribution, and delivery is a good idea.

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How “Process Robots” are Enabling Supply Networks

The Network Effect

and 18 months of effort given standard ERP development guidelines. Falling back to sourcing options, you determine that you could hire the 20 FTE’s in the US for $1.5M You determine that automating the process makes the most sense until IT comes back with a quote of $1.5M Thus this is a non-starter with a nine month deadline.

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The Future Of The Supply Chain Starts With Sustainability.

The Logistics & Supply Chain Management Society

While it’s undeniably important to source products responsibly and produce recyclable or reusable products, companies also need to focus on making the transportation and distribution of products more sustainable. Ensure Your Materials Are Ethically Sourced. About the Author About Blume.

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It’s Long Overdue: Time to Bridge the Link Between Planning and Execution

Logistics Viewpoints

However, without clear guidelines, rules management, and collaborative frameworks, decision-making paralysis ensues, impeding progress and stifling innovation. Bridging this technological divide requires a concerted effort to harmonize data flows and establish a unified source of truth.