IBM Supply Chain Blog

NOVEMBER 3, 2022

Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.

Supply Chain Efficiency 115

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 115

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. The AI Advantage Predictive Insights: AI algorithms analyze historical data to predict demand patterns, market trends, and supplier performance. Ethical AI practices build trust.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

Procurement Heads

JANUARY 4, 2023

I joined KPMG in their supply chain practice and spend the next 16 years on consulting assignments in a smaller firm. In 2020, I moved back into corporate life as Head Of Supplier Relationship Management with Coventry Building Society. We need cost efficiency internally and cost-effectiveness with our suppliers externally.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

ivalua

MAY 9, 2023

As the lynchpin to suppliers, they play a pivotal role in combatting the effects of inflation, ensuring supply continuity, complying with regulatory requirements, improving sustainability and other top business priorities. Furthermore, their rapidly shifting nature requires a new level of agility. The same applies internally.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Collaboration Supply Chain Efficiency 130

Supply Chain Game Changer

AUGUST 13, 2020

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Is COVID19 the death of Global Supply Chains? Subscribe Here! Email Address.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 121

Procurement Tactics

JANUARY 8, 2023

It can also help drive sustainability initiatives in your supply chain and procurement process. . Closed loop spend management (CLSM) is an approach geared towards injecting resilience and agility into business operations by optimizing overhead costs and transforming procurement and supply chain processes. .

Sustainability 207

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization 207

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. For example, today’s software can make recommendations based on past user or supplier behavior. 3) Optimize Decision-Making.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Procurement Tactics

NOVEMBER 20, 2022

Sustainable business is embraced by many big companies as consumers are more concerned about the ethical standards of companies in making and operating their business. Investments in socially ethical practices may initially cost money. Ultimate Supplier Plotting Checklist 2022. Or receive our famous weekly newsletter.

Sustainability 147

Sustainability Ethics Agile and Lean Supply Chain Strategy 147

Procurement Tactics

JUNE 28, 2023

It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. Supplier Performance The quality, timeliness, and adherence to contractual commitments of suppliers shall be monitored. This approach promotes efficiency throughout the whole procurement process.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

OCTOBER 24, 2022

Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. So what’s pressuring procurement and supply chain leaders the most?

Procurement 100

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 100

ivalua

SEPTEMBER 26, 2019

The examples that Musk mentions in the video show that modern supply chains are becoming more global and more complex. Some of this work should include building better relationships with suppliers and colleagues. Starkly put, the odds of supply chain disruption are growing and will grow even greater in the future.”.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Risk Supply chain Risk management 100

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

The Future of Procurement Technology Supplier Relationship Management (SRM) Enhancement: Justification : Strengthening supplier relationships through SRM initiatives fosters collaboration, innovation, and mutual growth. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

SupplyShift

APRIL 28, 2021

Through the pandemic, the weak points in an already fractured global supply chain, increasing ocean pollution, rapidly decreasing biodiversity, and the climate crisis have all been exposed and thrust into the spotlight. Have suppliers reported sustainability information in the past?

Sustainability 52

Sustainability Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

SupplyShift

APRIL 28, 2021

Through the pandemic, the weak points in an already fractured global supply chain, increasing ocean pollution, rapidly decreasing biodiversity, and the climate crisis have all been exposed and thrust into the spotlight. Supplier diversity, equity, and inclusion (DEI). The Pharmaceutical Supply Chain Initiative (PSCI) for pharma.

Sustainability 52

Sustainability Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Planergy

SEPTEMBER 8, 2022

How AP can improve relationships with your key suppliers. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. Best Practices & Tips Supplier Performance Supplier Relationship Management. Download Free Copy. Written by.

Suppliers 52

Suppliers Management Supplier relationship management supply chain budgeting 52

Barkers Procurement

MARCH 14, 2024

Indeed, studies have shown that the ethical principles of an organisation are one of the key considerations for the younger generation when researching roles and companies for which to apply. Suppliers Suppliers will need to embrace ESG to support their clients’ strategic aims.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Ethics Sustainability Innovation 52

Procurement Heads

SEPTEMBER 14, 2022

We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. Procurement and supplier management are carried out by separate teams under my leadership. This is why supplier relationship management is a particular passion of mine.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Suppliers Supply chain Risk 130

Let's Talk Supply Chain

MARCH 26, 2023

Today I’m joined by Blume Global , a market-leading, sustainability-focused software brand that is removing a huge $1 trillion of waste from the global supply chain, and making logistics processes more agile, dependable, and sustainable with innovative execution and visibility solutions. 27.19] The ideal client for Blume Global.

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 52

Empowering CPO

JULY 3, 2023

These services often encompass a wide range of tasks, from supplier management and contract negotiation to spend analysis and process improvement. As globalization accelerates and supply chains become increasingly complex, procurement’s role has expanded from a mere transactional function to a strategic one.

Innovation 52

Innovation Strategy Procurement Management 52

Una

JANUARY 8, 2024

They know how to discover niches in the business where they can best add targeted value, and they see supplier relationships as a value-creating goldmine rich with the potential for innovation and competitive advantage. By actively seeking suppliers that bring innovation, quality, and reliability to the table.

supply chain budgeting 52

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

Empowering CPO

MAY 6, 2023

As global supply chains become more complex and interconnected, procurement professionals play a critical role in ensuring businesses remain competitive and resilient. Predictive analytics, for instance, allows procurement professionals to forecast demand, identify potential supply chain disruptions, and optimize inventory levels.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability. Is that all?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

World of Procurement blog

JANUARY 19, 2022

With solutions such as Tealbook , which creates a supplier data foundation that isn’t dependent on a supplier going into a portal and updating information, we will see a shift in procurement teams opting for options such as this. With better data comes more precise insights into your Supply Chain. Two ways seem realistic.

Procurement 52

Procurement Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 29, 2022

Subscribe to Supply Chain Game Changer. One of the easiest but most effective changes is to go with a different supplier. Instead of the excess emissions caused by such a long journey, you can go with Avocet Battery Materials , a European-based supplier, for more sustainable sourcing. Subscribe Here! Email Address.

Sustainability 84

Sustainability Agile and Lean Supply Chain Ethics Supply chain 84

Jaggaer

OCTOBER 22, 2020

Spend management and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Empowering CPO

JULY 2, 2023

However, with time, the function evolved, incorporating strategic elements such as supplier relationship management, risk management, and sustainable sourcing. Managed procurement services can cover a vast range of functions – from sourcing and supplier management to purchasing, invoicing, and payment processes.

Management 52

Management Procurement Strategic sourcing Strategic sourcing 52

Una

AUGUST 9, 2023

Mistakes to Avoid When Pursuing Speed in Procurement Here are some key things to avoid as you attempt to accelerate savings in procurement: Neglecting due diligence Rushing through the supplier selection process without thoroughly vetting potential partners can lead to a host of problems down the road. What Makes a Supplier Strategic?

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

IBM Supply Chain Blog

DECEMBER 20, 2023

Broad cost leadership strategy example: Walmart When Sam Walton, the founder of Walmart, started his retail career in the 1940s, he had a simple idea: To find less expensive suppliers than those who served his competition and pass those savings on to the customers in his variety stores.

Business strategy 75

Business strategy Strategy Leadership Ethics 75

Empowering CPO

JUNE 9, 2023

Procurement metrics can cover a wide range of aspects, from cost-saving measures to supplier performance, and are crucial for making data-driven decisions. These metrics are typically data-driven, ranging from numerical values like cost savings, to more qualitative assessments like supplier reliability and product quality.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JUNE 22, 2023

It not only helps businesses to reduce costs and increase efficiency, but also strengthens supplier relationships, and enhances value creation. Risk Mitigation: Spend analysis can reveal dependencies on certain suppliers, leading to better risk management and more diversified supplier portfolios.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

OCTOBER 17, 2022

Continuous Improvement and Risk Management Systems have long been essential to realizing supply chain and organizational success. This is especially true at a time when organizations are preoccupied with ensuring reliable supply lines, cost reduction, risk mitigation, business continuity, and so on. . PDCA stands for: .

supply chain budgeting 52

supply chain budgeting Risk Agile and Lean Supply Chain Risk management 52

Positive Purchasing

NOVEMBER 9, 2023

Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. I am sure you are comfortable being flexible and agile when buying something different, or sourcing from an alternative more sustainable supplier.

Sustainability 111

Sustainability supply chain budgeting Category management Influencing 111

Procurement Software

MAY 23, 2023

Part of this is ensuring that we operate effectively through our optimised stakeholder and supplier relationships. If we’re to deliver the increasingly challenging expectations of managing the supply base, we need to have executive level sponsors and world class management of our strategic suppliers. Big tech gets it.

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Barkers Procurement

FEBRUARY 25, 2024

If the supply partner in question has attracted a wealth of spend, or operates in a sector with few alternatives or high barriers to entry, the Procurement function must ensure that they survive, too. As a result, cost transformation values the involvement and development of supplier relationships, to collaboratively drive down costs.

Procurement 52

Procurement supply chain software solutions Contract Agile and Lean Supply Chain 52

SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.

Supply Chain Efficiency 57

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 57