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. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

Procurement strategies 72

Procurement strategies Strategy Procurement Supply Chain Efficiency 72

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

The Good Spending

JANUARY 4, 2023

Indeed, we understand that leverage item attract negotiations, while non-critical ones are about sourcing process efficiency, buying channels, etc. Category strategy will elaborate on logistical and supply management aspects, i.e., inventory planning and supply chain configuration.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Procurement Software

MARCH 5, 2024

FRDM FRDM is a software company specialising in supply chain risk management. Their software is designed for multinational corporations managing complex supply chains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Jaggaer

SEPTEMBER 29, 2020

Whichever way you look at it, most SME (small to medium enterprises) and large companies alike have found managing supply chains and their spend very difficult compared to how it was just a few months ago. They have had to rethink their sourcing and supply chain strategies, with many inshoring or nearshoring.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Eprocurement Supply Chain Efficiency 52

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. . However, talent management and innovation are expected to be the long term investments. .

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Jaggaer

FEBRUARY 18, 2020

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk.

Suppliers 103

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supplier relationship management 103

Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. Reduced Sourcing A turbulent market, supply chain disruptions, and rapid inflation have all created challenging times for procurement professionals.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Una

JANUARY 29, 2024

I’m Kris Lance, VP & General Manager at Una, and I believe every Sourcing Hero (that’s you!) I’ve started this newsletter to share my thoughts on news and issues that affect the global supply landscape. I’ve claimed in the title of this issue that 2024 is going to be a doozy for supply managers. needs a sidekick.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Sourcing 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. Failure to conduct benchmarking can lead to missed cost savings, efficiency improvements, and process optimization opportunities.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

NOVEMBER 13, 2018

A typical Purchasing Function is limited to the transactional job of collecting information about the requirements of user departments and carrying out commercial checks and balances to finally procure the product & service based on c ost reduction only and focused on supply continuity. Deliver significant earnings to bottom line.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

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. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 14, 2018

This article will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP). The development of supplier relationship management (SRM) accompanied the stratification of the supply base into a number of different hierarchical models.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

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! Source: Accenture 2013. “An Circular Economy.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50