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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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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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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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The Strategic Importance of Global Procurement

Logistics Bureau

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.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations?

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From Siloed to Interconnected: Bring Planning, Sourcing and Procurement Together with a Common Platform 

Logility

Now more than ever, the conventional silos of planning, sourcing, and procurement teams must be connected into one cohesive network. A digital supply chain platform enables these interactions between planning, sourcing, and procurement ? Let’s face it ? the traditional supply chain model is falling short.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

A comprehensive Source-to-Pay platform is a critical component of an organization’s IT environment. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. This is essential reading for all procurement and supply chain leaders.

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The What, Why and How of Total Procurement Orchestration

By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions.