ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

SCMDOJO

JANUARY 9, 2025

Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience. Studies show that involving suppliers early can reduce development costs by 10-20%.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

Jaggaer

FEBRUARY 5, 2025

It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. A well-executed S2P strategy reduces costs, increases visibility, and ensures compliance. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined. Are you evolving with the times?

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. This course is taught by Maryna Trepova, who is a procurement expert who provides consulting training, especially in procurement management courses.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Procurement Tactics

SEPTEMBER 7, 2022

Pollution and waste management. Environmental resource management. Water and marine resources management. The total cost of ownership. Life cycle costing. Organizations can also be saved from the economic costs of disruptions in sustainable procurement such as noncompliance with environmental organizations.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

SCMDOJO

APRIL 11, 2023

If you’re a supply chain management professional, you’re probably aware of how important it is to continuously improve your skills and knowledge in this field. Fortunately, there are numerous courses available to help you develop your expertise in supply chain management, regardless of your level of experience.

Supply chain management 116

Supply chain management Supply chain management supply chain software solutions Supply chain 116

IBM Supply Chain Blog

OCTOBER 27, 2023

Can’t he use only one management tool? Unified Endpoint Management (UEM) is a technology that provides one single platform to manage and protect all types of devices such as smartphones, tablets, laptops, desktops and IoT, running multiple types of operating systems from one single console throughout their lifecycle.

Management 81

Management Cost of ownership Inventory Data 81

Supply Chain Game Changer

AUGUST 4, 2020

These are the Critical Supply Chain lessons we discuss in our latest video: The Importance of Supply Chain Talent Designing in Supply Chain Flexibility Taking Total Cost of Ownership Seriously Mission Critical and Strategic Inventory Positioning Disaster Planning Taken Seriously Exhaustive End to End Supply Chain Mapping Design Your Supply Chain for (..)

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

Una

JANUARY 9, 2023

Managing Tail Spend to Avoid "Porcelain Dalmatians". 5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. However, if properly managed, tail spending can significantly reduce costs by as much as 10 percent or more of a company’s indirect expenses. .

Management 97

Management Spend management Purchasing Procurement team 97

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

SCMDOJO

MARCH 14, 2025

Identify the Lowest Evaluated Bidder / Best Value Proposal Select based on cost and additional benefits. Consider total cost of ownership (TCO) rather than just initial cost. Contract Signing Finalize agreements and establish contract management mechanisms.

Bidding 59

Bidding Contract Contract management Price 59

Procurement Tactics

APRIL 5, 2023

Risk management Refusing to adopt sustainability has its own consequences and can severely affect the brand value, reputation, market capitalization, market share, legal exposures, price fluctuations, access to supply, ethical exposures, financial liabilities, and the risks associated with operating licenses.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Procurement Tactics

MAY 2, 2023

We will show you the various types of sustainability requirements that you can use in your specifications: Descriptive requirements – Specifies a characteristic of goods or services such as organic or sustainably managed wood.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

IBM Supply Chain Blog

APRIL 5, 2024

Part 2 of this four-part series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management.

Data 64

Data Management Cost of ownership Budget 64

Una

NOVEMBER 1, 2022

And, like Milton, management assumed procurement people were happily left alone in dank office spaces, content having their red staplers by their side. TCO takes into account the long-term costs and expenses incurred during a product’s useful life and eventual disposal. Increased cost savings. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

ivalua

MARCH 18, 2021

Massy, France 18 March , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, and CKS BeNeLux today announced that Punch Powertrain has successfully deployed Ivalua’s platform to support the digital transformation of the strategic sourcing process. About Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Procurement Tactics

APRIL 3, 2023

Business sustainability, also known as corporate sustainability , is the management and coordination of environmental, social, and economic demands. Economic Benefits Businesses can increase their profits by adopting a total cost of ownership approach to life-cycle cost. So what are you waiting for, enroll now!

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

Procurement Tactics

SEPTEMBER 21, 2022

Businesses of all sizes need to save money and reduce costs as much as possible. Sustainability in procurement helps reduce the total cost of ownership through the reduction of energy costs, minimized consumption, over-specification, and environmental and social compliance cost. Risk reduction.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. How better management in AP can give you better flexibility for cash flow management. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. What's PLANERGY?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

SCMDOJO

JULY 29, 2022

That the only relevant costs are holding costs, setup and ordering costs : [3]. We recommend taking a very detailed course by SCMDOJO Expert Corey Weekes on T otal Cost to Ownership & Serve. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. References. Bowersox, David J.

Quantity 131

Quantity Supply chain management Supply chain management Supply Chain Efficiency 131

Arkestro

NOVEMBER 12, 2024

Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets. While this approach has been effective for managing large portfolios, it creates blind spots. However, this convenience comes with a downside.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. This led me to create the model described below.

Price 98

Price Suppliers Cost of ownership Quality 98

IBM Supply Chain Blog

AUGUST 11, 2023

But they are also focusing on cost allocation and expecting greater cost discipline from their CIOs and IT teams, leading CIOs to face increasing pressure to justify their expenditures and keep track of spending. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 74

Import Management Budget Real-time Visibility 74

ivalua

OCTOBER 28, 2015

This includes sourcing, supply chain, logistics, product management, and even key senior executives. Suppliers generate incremental value by supporting innovation, product design, cost management programs, and even taking on market risk as part of growing the relationship. Create a specific data map. See below for examples.

Suppliers 100

Suppliers Cost of ownership Collaboration Price 100

Una

MAY 10, 2023

Highlights In this interview, Cory shares his knowledge about leading packaging innovations: What other materials – in addition to corrugated cardboard – come up frequently in conversations with experts How sustainable packaging intersects with corporate sustainability/ESG efforts The metrics and KPIs used to measure improvements in packaging (..)

Sustainability 98

Sustainability Cost of ownership Supply chain Sourcing 98

Jaggaer

FEBRUARY 5, 2025

They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly. Contract management systems often play a role in this stage by helping to standardize and streamline the creation of contracts based on the awarded terms.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Jaggaer

FEBRUARY 5, 2025

In the end-to-end source-to-pay (S2P) process , strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. Your focus here is to get security of service at a good price. Finally, in the bottom left we have basic suppliers, or your tail spend.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

ivalua

MAY 28, 2014

The Cloud: Gartner stated that in 2013 cloud adoption rose by 40%, driven by the low total cost of ownership, which reduced both infrastructure and overall maintenance costs. Commodity managers, engineers, and quality managers are always on the road, where they still need to communicate and get their work done.

Supply Chain Optimization 100

Supply Chain Optimization Innovation Supply chain Cost of ownership 100

Supply Chain Game Changer

NOVEMBER 23, 2018

In any company or industry that sells products the cost of the raw materials and components is often the single largest expense. Despite the magnitude of this cost however there is a wide range of focus put on managing this expenditure from proactive and strategic to reactive and tactical. How do you manage your materials spend?

Category management 61

Category management Strategy Raw materials Management 61

Supply Chain Game Changer

JULY 2, 2020

Order Management article and permission to publish here provided by Dave Joseph at veridian.info. An order management system (OMS) is the system of record for maintaining orders and handling inventory. In the omnichannel supply chain, order management improvement leads to confident inventory management across all channels.

Management 54

Management Real-time Visibility supply chain software solutions Supply Chain Optimization 54

Procurement Tactics

MARCH 29, 2023

People Pillar The people pillar of sustainability covers all the issues that are associated with the personnel management functions of a company. When we talk about this pillar, it focuses on three dimensions which are the Corporate, Character, and Community dimensions. The need to make an effective team is a requisite of a solid pillar.

Sustainability 130

Sustainability Supply Chain Efficiency Ethics Cost of ownership 130

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Procurement Templates

SEPTEMBER 14, 2023

Resource Conservation : Assess how suppliers manage and reduce resource consumption, including water, energy, and raw materials. Risk Management : Supply Chain Resilience : Evaluate suppliers’ strategies for mitigating risks related to environmental disruptions, such as natural disasters or resource scarcity.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

Spend Matters

JANUARY 8, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Sushank Agarwal, Managing Director of INVERTO. As businesses seek greater control over risk, sustainability, availability and costs, some businesses are contemplating full backward integration in the value chain.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

Skill Dynamics

NOVEMBER 17, 2022

Any professional footballer will tell you that improvements are driven by a whole host of people – the managers in the dugout, the physios in the recovery room, the strategists ready to adapt and fine tune training plans to push the team to the next level. Carve out time for one-on-ones between learners and managers.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96