Digital transformation doesn’t just affect your own business, it has a major influence on your relationships with suppliers and partners too. We talked to Dan Amzallag, COO at Ivalua , to discuss the impact of digital transformation on the supplier ecosystem and procurement processes. BN: What challenges do companies currently face managing suppliers and evolving and innovating in the procurement process? DA: Suppliers have become increasingly critical to companies. Whether controlling costs in the face of inflation, reducing their carbon footprint or keeping products flowing, suppliers are critical to success. They are also a source of potential risk, exposing organizations to possible sanctions violations or unethical labor practices. As the lynchpin to an organization’s suppliers, Procurement plays a pivotal role today. Yet many procurement teams struggle to effectively assess, engage and monitor suppliers. Data is typically dispersed across many systems and of questionable quality. Growing data requirements, such as carbon emissions, exacerbate the challenge. Visibility into suppliers’ supply chains, the sub-tier, is extremely limited. And sharing information and collaborating with suppliers is typically manual so limited to only the largest and most strategic suppliers, minimizing the impact. Furthermore, procurement staff’s time is still mostly consumed by manual, tactical activities, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
