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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.
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. While supplychain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.
Customers can now ensure greater supplychainresilience through improved supplier discovery and collaboration, increase efficiency across each step of the source-to-pay process and better understand and optimize cost drivers for goods and services purchased. About Ivalua. Learn more at www.ivalua.com. Media Contact.
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supplychains to strike a balance between resilience and efficiency.
The COVID-19 pandemic, along with disruptions such as Brexit, trade wars, and geopolitical tensions, has highlighted the need for business leaders to take a closer look at their supplychains to strike a balance between resilience and efficiency.
The global economy runs on efficient supplychains. The SCMDOJO SupplyChain Track offers a comprehensive supplychain training program to equip you with the knowledge and skills to excel in this dynamic field. It’s your one-stop shop for a complete supplychain management pathway.
Supplychains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supplychainresilience as well as supplychain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
In a recent Forbes article , three common supplychain weaknesses are highlighted: Being reactive rather than pro-active. As t he S&OP mindset study I conducted with SupplyChain Movement in 2017/2018 show similar results. Lack of visibility. Lack of accountability. It is free to download here.
In the healthcare supplychain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.
However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supplychain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supplychain.
This year, our discussions covered Invoice Automation, Scope 3 Emissions, Contract Management, SupplyChain Collaboration, Indirect/Services Procurement, and Supplier Management–Customer of Choice. After catching up with colleagues and acquainting ourselves with some new faces, we dove into solution breakout sessions.
It can open doors to career advancement and leadership roles. Targeted Learning: SCMDOJO offers a range of courses and learning paths focusing on specific procurement areas, such as e-auctions, contract negotiation, cost optimization, and supplychainresilience.
In a rapidly changing world, the realm of supplychain management stands at the forefront of innovation and adaptability. The YouTube video titled “embrace Uncertainty: SupplyChain Superheroes & Future Innovations!” Embracing uncertainty is the mark of a true supplychain superhero.
Our speakers covered: Scope 3 emissions, Invoicing, SupplyChainResilience, Contract Management, Supplier Management, and the Procure-to-Pay Roadmap. Eloise graduated from Providence College with a dual degree in Finance and Political Science.
At its core, procurement strategies are all about managing the change aimed at driving continuous improvement in the supplychain. Procurement Leadership Agenda and Narratives (PLAN) 2023 aimed to help organizations realize a continuously improving procurement function by exploring the latest trends and challenges in the sector.
What is SupplyChain Management (SCM) SupplyChain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimizedsupplychains lead to improved profit margins.
At Barkers our ESG Health Check concentrates on the activity within your supplychain. Assessing your supplychain performance is strategically important for your organisation as studies show that the majority (80%) of emissions and ESG risk lies in a business’ supplychain.
At its core, procurement transformation is all about managing the change aimed at driving continuous improvement in the supplychain. Procurement Leadership Agenda and Narratives (PLAN) 2023 aimed to help organizations realize a continuously improving procurement function by exploring the latest trends and challenges in the sector.
Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. How can procurement help achieve those aims through better supplier relationships and spending optimization? Conduct supplychain audits and due diligence on high-risk categories.
Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes. Process Optimization: Redesigning procurement processes to eliminate inefficiencies, minimize manual interventions, and enhance collaboration among stakeholders.
The industrial sector is facing a perfect storm when it comes to their supplychains: an outdated reliance on manual processes, raw materials demand that will likely outpace supply, as well as potential resource constraints. Delays in repairs can often mean supplychain disruptions.
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