Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

JANUARY 8, 2024

The value here isn't just held in the initial cost but in the total cost of ownership, environmental impact, and overall efficiency. Office Furniture Cost-First Crusader You decide to pinch pennies on office furniture. This efficiency doesn’t just cut costs; it enhances the overall productivity of the business.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

IBM Supply Chain Blog

NOVEMBER 24, 2023

While rebuild results in maximum benefit, there is a need for high degree of investment, whereas rehost is about moving applications and data as such to cloud without any optimization and this requires less investments while value is low. We will explore key areas of acceleration with an example in this article.

Real-time Visibility 98

Real-time Visibility Data Cost of ownership Strategy 98

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Subscribe Here! Email Address. 7 KPIs Your Procurement Team May Be Ignoring! Circular Economy.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

IBM Supply Chain Blog

MAY 13, 2024

Access to multiple options enables rapid adaptation when new trends or strategic shifts occur, maintaining agility and resilience. Optimize costs across use cases : Different models have varying cost implications. By accessing a range of models, businesses can select the most cost-effective option for each application.

Cost of ownership 75

Cost of ownership Ethics Risk Innovation 75

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Cost savings: Digital procurement systems can help identify opportunities for cost reduction, enabling businesses to optimize their spending.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

IBM Supply Chain Blog

MARCH 14, 2024

By using fit-for-purpose databases, customers can efficiently run workloads, using the appropriate engine at the optimal cost to optimize analytics for the best price-performance. With watsonx.data, customers can optimize price performance by selecting the most suitable open query engine for their specific workload needs.

Data 82

Data Innovation Cost of ownership Management 82

The Good Spending

NOVEMBER 5, 2021

TLC analysis requires a deep understanding of supply chain costs - customs, duties, tariffs, and 3PL services. Total Cost of Ownership (TCO) TCO considers all costs associated with acquiring, operating, and maintaining evaluating bids. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52