InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

State of Flux: An Expert in Procurement and Supply Chain Practices

Now days, it is essential for organizations to develop a vital relationship with their suppliers to effectively manage their supply chain. Due to primary focus on customer relationship management and higher sales, enterprises historically may have overlooked the opportunities and benefits that better Supplier Relationship Management (SRM) can deliver. However this is changing and many organizations have started realizing the importance of building strong relations with their suppliers. This realization has turned into the need for streamlined and improved processes between buyers (organizations) and suppliers, and organizations are striving to create innovative strategies to effectively manage their supply chain. However, very few companies around the globe have proven excellence in delivering innovative supplier relationship management strategies. One of them is State of Flux, an expert in delivering supply chain and SRM solutions.
Headquartered in London, UK, State of Flux has been supporting clients in procurement for over 14 years. It has grown into a leading procurement and supply chain consultancy, providing contract lifecycle management, category management and strategic sourcing, and supplier management services. It works with clients globally, and has offices across Europe and Asia Pacific.
The company helps large organizations achieve both financial as well as non-financial benefit by working with strategic suppliers to identify innovative and collaborative ways to compete in an ever changing market environment.
An Adroit Leadership
Alan Day, Chairman and Founder, is responsible for State of Flux’s major client accounts and developing its business outside of the UK. Having entered procurement and supply chain with a desire to learn about organizations operations from customer need to fulfillment, he now has over 25 years of experience in designing and implementing best practice.
Prior to founding State of Flux in 2004, Alan held roles as Director of Procurement and Supply Chain at Cable & Wireless, and Director of Accenture’s Supply Chain European Centre of Excellence, where his clients included British Airways, Shell, Microsoft, BSkyB and Morgan Stanley.
Alan started his supply chain career at Fisher & Paykel, the leading New Zealand-based manufacturer of domestic appliances. His passion for learning is truly appreciable. To retain his passion, he is currently undertaking a course on block chain at Oxford University.
An Award Winning Collaborative Platform
State of Flux provides a collaborative platform called Statess for managing supplier relationships, performance and productivity. In 2012, it became the first SRM software solution to receive a Gartner Cool Vendor Award. It was also the first company to introduce a fully integrated supplier innovation capability in 2013. More recently, State of Flux was presented a Spend Matters ‘Company to Watch’ award and was nominated for the Procurement Leaders Collaboration Award.
Through this novel platform, State of Flux envisions continuing to focus on growth and innovation in solutions that help drive productivity across clients’ supplier management programs. It also strives to expand its partner ecosystem of best-in-class providers of spend analysis, sourcing, P2P and sustainability / corporate social responsibility (CSR).
Fulfilling Clients Needs with Hands on Approach
State of Flux understands that each client is different and therefore their offerings are tailored to the organizations they work for. They have learned something new and overcome new challenges with each and every past project, supporting procurement functions with procurement transformation, navigating complex organizations, helping to raise existing levels of maturity, readiness for deployment and managing resistance to change. Every project has added to its experience and strengthened its proposition.
Driving Future with Emerging Technologies
State of Flux is growing internationally and envisages helping more clients with supplier management and supplier technology challenges. According to a survey carried out by the company in its annual SRM research, 8 out of 10 global companies are looking to drive benefits from supplier innovation. To respond these needs, its collaborative platform, Statess 2.0, license and support packages offer flexible plans which enable organizations to apply technology to the areas of utmost business need. Packages start with the core elements of relationship management including a space for collaborative working for both buyers’ and sellers’ and a dynamic dashboard of live data showing the status of the relationship, which is tailored depending on the user.
State of Flux has more recently created a flexible choice of modules for its customers in terms of performance, risk, contracts, innovation, CSR, program management, benefits management and category management. This is a scalable approach where an organization can start with performance and add risk or contracts management later.
Longer term, State of Flux believes that supplier management is becoming more of a professional discipline with its own set of qualifications, structure and career path. With the emergence of technology, the company is observing that more organizations are opting for supplier management as a service and embracing supplier management technology. Within these technologies there is further emergence of AI capability and block chain opportunities including smart contracts. The company is investing in these areas and envisions delivering smarter procurement solutions to help clients meet these needs worldwide.
Source :-The 10 Best Performing Supply Chain Solution Providers 2018

Previous Post

Source Intelligence: Disrupting Supplier Risk Assessment

Next Post

The 10 Best Performing VMware Solution Providers 2018 June2018

Next Post
Cover Page | The 10 Best Performing VMware Solution Providers 2018 | Insights Success | Business Magazine

The 10 Best Performing VMware Solution Providers 2018 June2018

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia
Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia

Elon Musk, the CEO of Tesla and SpaceX, is slated to visit Indonesia in November as he wraps up operations...

Read more
Asian-Equities

Asian Equities Struggle Following Crippling China Statistics

Elon-Musk

Elon Musk’s Legal Issues Are Causing Tesla and Twitter Stock to Fall

Google-logo

300 European Publishers Sign Content Deals with Google

A-apple-smartphone

Under a New Digital Watchdog, the UK Is Pushing for Stricter Tech Regulations

Path Breakers

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson | CEO | GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Josh Usheroff | Co-Founder | Black Box Productions

Black Box Productions: Crafting Visually Engaging Stories

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.