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. Policies serve as guidelines for the procurement team, ensuring consistency and adherence to ethical standards.

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Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

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Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

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Zycus Cognitive Procurement

JULY 25, 2022

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . Here are the latest updates on digital procurement in 2022 : .

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Empowering CPO

JUNE 9, 2023

KPIs in procurement are a set of quantifiable measurements that demonstrate how effectively an organization is achieving its operational and strategic goals in procurement. They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives.

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Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Una

JANUARY 8, 2024

Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being. We can play a role in building a supply chain that reflects the positive workplace culture you want to foster within your organization.

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

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

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Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing Procurement: Challenges and Best Practices. Marketing procurement focuses on bringing in sales, where standard procurement focuses on things needed to keep the business running. Download Free Copy.

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Una

MARCH 6, 2024

This is super handy in industries where workloads can change in a snap, like customer support or software development. Being able to adapt fast keeps businesses agile and ready for whatever the market throws their way. Strategic Sourcing Need some expert advice? billion by 2027 , growing at a CAGR of 8.8%.

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Empowering CPO

JUNE 27, 2023

Agility and Adaptability: Digital transformation equips organizations with the agility and adaptability required to respond to changing market dynamics and evolving customer needs. Digital tools enable real-time insights and scenario modeling, enabling procurement teams to make data-driven decisions swiftly.

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Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

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Pipefy

JANUARY 5, 2023

Companies that still rely on manual procurement processes are at a competitive disadvantage. That’s because manual procurement processes tend to be inefficient, fragmented, and error-prone. Fortunately for procurement teams, the shift from manual to digital procurement has never been easier or more cost-effective.

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Procurement Software

MAY 23, 2023

Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly. Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings.

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Supply Chain Game Changer

FEBRUARY 5, 2020

Subscribe to Supply Chain Game Changer. What’s the Difference between Procurement and Purchasing? Why Procurement Transformation Fail article created by, and permission to publish here provided by, Jill Button at [link]. What do I mean by Foundation in Procurement Transformation? Subscribe Here! Now Systems.

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Supply Chain Game Changer

DECEMBER 13, 2018

Too often companies will underestimate the leadership and experience needed to lead and manage a successful Procurement Transformation. They will hire an inexperienced and inexpensive resource, within their budget to lead the Procurement Transformation. What do I mean by Foundation in Procurement Transformation? Now Systems.

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Procurement Software

MARCH 7, 2023

Key advantages of using Procure-to-Pay and Source-to-Pay technology Hard Cost Savings Value Drivers Possible Disadvantages of using P2P and S2P software Can you combine P2P and S2P in procurement software? What’s the best S2P or P2P software for mid-market and SMEs? What is P2P in procurement?

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Procurement Software

DECEMBER 5, 2022

Possible Disadvantages of using P2P and S2P software. Can you combine P2P and S2P in procurement software? What’s the best S2P or P2P software for mid-market and SMEs? What is P2P in procurement? P2P refers to the Procure-to-Pay process, not to the technology itself. Reduction in maverick spend (H4).

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