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London, UK – June 18, 2020 – Ivalua, a leading provider of spendmanagement software, today announced the general availability of its new platform release 166. The release features a broad array of innovations to empower customers to better manage their spend and suppliers.
On the one hand, supplychain weaknesses are open to risk, and even the smallest challenges are magnified. 1) Gauge risks and value The first step in preparing for peak season success is clearly defining the risks. For many FMCG procurement teams, these risks are linked to inaccurate forecasting.
Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supplychainvisibility, riskmanagement, and flexibility in sourcing and logistics. SupplyChainVisibility and RiskManagement 3. Here’s why: 1.
They all include enhancements of: SpendManagement. The underpinning of effective spendmanagement is the capacity to formulate and execute an Annual Buying Plan. Historical Spend: A summary of the previous years’ expenses for procuring each commodity. This risk category appears to be eminent.
EPISODE 137 Using Visibility to Combat SupplyChain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
We explore Focal Point offers intake, project management and procurement performance; Lavenir AI offers ongoing, virtual negotiation training practice; Raindrop is a complete spendmanagement suite built on modern technology; FRDM focuses on supplychainriskmanagement; LUPR leverages Salesforce data for SRM.
With these purchases there is no supplychainvisibility resulting in the risk of repetitional damage if produced by a dodgy supplier and no control over shipping across borders, such as customs delays. Complex projects have a greater risk associated with them. Sourcing complex projects. Get started.
Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spendmanagement platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. FRDM FRDM is a software company specialising in supplychainriskmanagement.
This can result in products and services being purchased across the company with no consistency of supply or quality. Plus, the risks to a brand of sourcing from unethical sources is an increasing problem for organisations. Plus, with this approach to purchases there is no supplychainvisibility.
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