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Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChainResilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Why is visibility so important?
In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supplychainresilience and agility in times of crisis. There are many supplychain management lessons to learn from the Covid-19 crisis.
New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . Procure-to-Pay. AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. 212-239-8594.
So it’s no surprise that the future of manufacturing now lies in a technology that combines all of those high-end innovations: Predictive Procurement. What Is Predictive Procurement and How Is It Reshaping High-Tech Manufacturing? Predictive Procurement is the latest evolution in digital procurement processes.
Yet despite the availability of new platforms and analytics tools, supplychain risk management strategies remain in their infancy post-pandemic. The study also found that suppliers will be vital for successfully ensuring supply continuity. Download the Ivalua “ Supply Continuity – A Visual Spotlight ” study.
Procurement success in 2023 with our Strategy Course. Procurement Conference — 10 Best Procurement Conferences. Attending a procurement conference allows you to meet like-minded professionals and industry peers in procurement. However, what are the reasons why procurement professionals attend a conference?
Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. CPO roundtables, SIG University workshops) and real-world procurement execution (e.g., It focuses on practical supplychain challenges (e.g.,
It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025. Analytics and insights from procurement data were minimal.
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth.
How Intake and Orchestration AI Are Reshaping Procurement If youve been paying attention to technology developments in procurement, youve probably come across the term Intake & Orchestration. They now expect procurement to follow suit, with solutions that are not just smarter, but increasingly self-driving.
We are quickly becoming familiar with a landscape of political, economic, social and climate unrest, plus unpredictable global events. There were incredible displays of innovation, ESG & supplychainresilience in abundance. Our world is tumultuous to put it mildly, so challenging the status quo can seem scary.
The appetite for third-party risk management (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. These highly newsworthy events serve to highlight why businesses are nervous about this risk.
What Will Impact Procurement Processes in 2021? SupplyChain Transformation is ongoing but never more important than in 2021. SupplyChain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supplychains.
The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supplychainresilience and continuity, reduce costs and protect the bottom line.
Hear from distinguished speakers on the essence of procurement flexibility and explore strategies for staying agile. Dont miss this opportunity to rethink adaptability in procurement! Key Takeaways: Understand the strategic impact of tariffs and reshoring on supplychain operations. RSVP now to secure your spot!
From the sessions and keynotes to the electrifying nighttime events–we want to extend a heartfelt thanks to all our customers, sponsors, partners, attendees, and team for making Ivalua NOW “Breaking New Ground” a huge success. We can’t recreate Ivalua NOW 2023 Nashville–but we’ll always have the memories!
The global supplychain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supplychainresilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Körber at a Glance…. Körber + Ivalua.
We are quickly approaching JAGGAER’s flagship event REV2025 in Miami , and I am thrilled that so many of you have registered and plan to attend. This year’s event promises to be our best yet, with exceptional speakers, networking opportunities, and of course, these newly announced customer awards.
In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on SupplyChainResilience!
In response to these challenges, the leaders must rethink their supplychain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on SupplyChainResilience!
Third-party risk management (TPRM) is often an afterthought for organizations or a measure only taken after a risk event occurs. To customers — Halo Ai serves customers in North America and Canada and maps the supplychain to the fourth tier. This content is for members only. Visit the site and log in/register to read.
Supplier diversity programs are something many procurement professionals in the United States (U.S.) have accepted as a key element of procurement. These programs are as familiar to procurement professionals as concepts like spend analysis or category management. Part I: Building Business Cases and Driving Momentum.
This is due to factors such as fragmented procurement, lack of centralized contracts, supplychain disruptions, and rapid adoption of new technologies 3 5. Direct materials are usually managed with formal procurement processes and long-term contracts, which dampen price volatility and create predictability.
33 Procurement Interview Questions in 2023. Financial SupplyChain — The Ultimate Guide of 2023. Supplychain collaboration is definitely new to many newcomers in the supplychain industry. It may be an overused term in the supplychain but still confuses a lot of people. . LEARN MORE.
Enhancing supplychainresilience as well as supplychain visibility is crucial in today’s interconnected world. SupplyChainResilience refers to a supplychain’s ability to withstand and recover from unexpected events. She holds a degree of MBA and MCIPS.
The caveat is that the black swan event of 2020 was not only a catalyst for disruption but also an indication of future pain points within the supplychain itself. And that is what really matters. Brought to you by the StrategicSourceror.
This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.
Shoring up staff is a good way to increase supplychainresiliency, which companies are trying to do more of today to ensure theirs has what it takes to stay together when it's taxed in the future. Brought to you by the StrategicSourceror.
Spend Matters is once again delighted to release the ‘ 50 Procurement Providers to Know ’ and ‘ 50 Procurement Providers to Watch ’ lists, announced at the SIG Global Executive Summit on October 17. Together, they manage an annual procurement volume exceeding $16 billion, engaging with more than 350,000 suppliers.”
Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. But in 2024, the role has never been more important.
Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. Sustainable bidding.
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers.
With the same enthusiasm and innovation as always, we gathered together this year to explore a new frontier of possibilities in procurement. We were delighted to see an overwhelming show of support for the event, with a record-breaking turnout! For now, our “Breaking New Ground” Ivalua Now 2023 Recap provides a great summary below.
On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them. Every one helps!
In a series of interviews which took place during World Procurement Congress 2022 (WPC) in London, we spoke to a number of thought-leaders and experts from the Procurement and SupplyChain industries about their opinions on Supplier Experience Management (SXM) and the future of Procurement.
So, the question remains: What are the key challenges and agenda items for procurement leaders in 2023, and how will they adapt to these challenges? Key thought leaders included Jacob Gorm Larsen , Ex-Director of Digital Procurement, Maersk Group; Prof. Now, more than ever before is the time for enterprises to invest in technology.
In a series of interviews which took place during World Procurement Congress 2022 (WPC) in London, we spoke to a number of thought-leaders and experts from the Procurement and SupplyChain industries about their opinions on Supplier Experience Management (SXM) and the future of Procurement.
Resources / Blog / A Masterclass on Automotive Procurement: Trends, Tips, and Tactics to Get Ahead A Masterclass on Automotive Procurement: Trends, Tips, and Tactics to Get Ahead Automotive procurement is rapidly changing. No spam, just relevant procurement news and tips. Subscribe to news from Arkestro.
What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.
In a series of interviews which took place during World Procurement Congress 2022 (WPC) in London, we spoke to a number of thought-leaders and experts from the Procurement and SupplyChain industries about their opinions on Supplier Experience Management (SXM) and the future of Procurement.
We’d all like the latest digital procurement tools. But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. The reality is that procurement tech doesn’t have to be expensive. There’s plenty of digital procurement solutions out there for every budget. Let’s dive in.
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