IBM Supply Chain Blog

MARCH 29, 2024

Imagine a future where artificial intelligence (AI) seamlessly collaborates with existing supply chain solutions, redefining how organizations manage their assets. If you’re currently using traditional AI, advanced analytics, and intelligent automation, aren’t you already getting deep insights into asset performance?

Data 88

Data Supply Chain Efficiency Management Supply Chain Optimization 88

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

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

Procurement Tactics

JUNE 28, 2023

Procurement Tracking is the process of monitoring and managing procurement activities. It enables managers and businesses to minimize costs, prevent and mitigate risks, and essentially identify issues and problems early on in the procurement process. Documents concerning the contracts shall also be undertaken.

Supply Chain Efficiency 178

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

Jaggaer

JULY 17, 2023

Watch this video to see how Tealbook and JAGGAER are partnering together to deliver AI-powered, automated supplier data.

Contract 52

Contract Management Suppliers Data 52

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. Procurement Strategy Take the lead with our proven 5-step procurement strategy 3.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

IBM Supply Chain Blog

APRIL 25, 2024

About 85% of execs say generative AI will be interacting directly with customers in the next two years. Those who implement self-service search into their sites and tools can become exponentially more powerful with generative AI. Generative AI can learn from vast datasets and can produce nuanced and personalized replies.

e2e 70

e2e Inventory Data Contract 70

IBM Supply Chain Blog

JANUARY 15, 2024

Two critical elements driving this digital transformation are data and artificial intelligence (AI). AI plays a pivotal role in unlocking value from data and gaining deeper insights into the extensive information that governments collect to serve their citizens.

Contract 68

Contract Data Contract management Networking 68

Procurement Tactics

JUNE 22, 2023

ChatGPT & AI in Procurement Course Unleash the power of ChatGPT & AI within procurement What is a Blanket Purchase? The only thing that differentiates a BPO from a regular PO is that BPO is treated as a long-term contract between a business and the supplier, whereas a regular PO is an agreement for a one-time project.

Purchase orders 191

Purchase orders Purchasing Quantity Buyers 191

IBM Supply Chain Blog

APRIL 1, 2024

We’ll discuss select high-impact product use cases that demonstrate the potential of AI to revolutionize the way we develop, market and deliver products to customers. Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level.

Innovation 82

Innovation Business strategy Data Strategy 82

World of Procurement blog

APRIL 24, 2024

Late engagement often means procurement is brought in as a tactical function rather than a strategic partner, leading to suboptimal supplier relationships and contracts. AI-driven intake orchestration thus acts as a bridge connecting the initial spark of intent with the strategic foundations of procurement.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

IBM Supply Chain Blog

APRIL 25, 2024

It should not be confused with business process management (BPM) , a more incremental approach to optimizing processes, or business process improvement (BPI), a broader term that encompasses any systematic effort to improve current processes. This blog outlines some BPR examples that benefit from a BPM methodology.

Supply Chain Efficiency 47

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 47

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Zycus Cognitive Procurement

JANUARY 16, 2023

You must have found yourself struggling with limited visibility into preferred or contracted suppliers, contract utilization status, budgeting issues, and multiple requirements for sourcing low dollar items or services. They have to match the Purchase Requisition with the underlying contracts and quotations .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

The IBM Supply Chain Intelligence Suite , powered by artificial intelligence (AI) and blockchain, helps compile supplier data to drive Scope 3 accuracy, improve circularity by reducing waste and inform end consumers of carbon and other ESG impacts. This technology can also help reduce the risk of regulatory non-compliance.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Supply Chain Game Changer

JUNE 30, 2021

How AI, Machine Learning and Automation Will Impact Business! When discussing technology replacing professionals, what crosses the mind instantly is the Artificial Intelligence (AI) and Machine Learning (ML) that have even started making their space in the legal industry. How AI & ML Are Changing The Law Industry?

Supply Chain Optimization 96

Supply Chain Optimization Supply Chain Efficiency Contract supply chain software solutions 96

The Good Spending

DECEMBER 14, 2023

Contract management should be exercised continuously. Contract Terms and Renewals Clarity on contract terms, renewal conditions, and exit strategies is imperative. Negotiations focus on fair renewal pricing, termination clauses, data migration, continuity plans upon contract expiration, and transition support.

Negotiation 59

Negotiation Procurement Contract Price 59

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Get customized recommendations. Improve cost savings.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

IBM Supply Chain Blog

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Ethics 56

Ethics Data Risk management Risk 56

Procurement Insights

JANUARY 12, 2024

Managing them effectively requires specialized expertise and purpose-built tools, honed to streamline requisitioning, negotiation ** , and supplier engagement. For those of you who have been following this blog over the past 16 years – and those who have been following me longer, you know where I am going with this post.

Chief Procurement Officer 64

Chief Procurement Officer Negotiation Procurement Buyers 64

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

IBM Supply Chain Blog

JANUARY 10, 2024

Red Hat OpenShift Container Platform (RH OCP) has emerged as a leading solution for supporting the application development lifecycle, provisioning and managing container images and workloads into a platform for containerized applications and ecosystem.

Data 76

Data Innovation Collaboration Risk 76

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 86

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 86

SCMDOJO

SEPTEMBER 4, 2023

Accordingly, if organizations want to succeed and grow in the long-term, they need to cooperate, organize, and manage their logistics very wisely and mitigate its problems and risks simultaneously. LSPs generally endow tremendous inventory management and warehousing solutions, conveyance of orders and international logistics.

Logistics 94

Logistics Supply Chain Efficiency Supply Chain Optimization Negotiation 94

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Here are some compelling reasons why diving into supply chain management is a fantastic career choice. Click here to access the course: How to Start a Career in Supply Chain Management? It is the era of digitalization.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

Zycus Cognitive Procurement

FEBRUARY 2, 2021

Supplier Risk Management. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. From a risk management and vaccine distribution point of view, the supply chain will continue to be a CXO priority as we step into 2021. Why Contract Management?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract management Contract 52

Arkestro

SEPTEMBER 29, 2023

In this blog, we’ll explore how autonomous procurement is reshaping procurement execution, freeing organizations to spend less time on routine tasks — and more time on high-value activities that further overall business goals. How can you leverage AI to optimize procurement? billion in the U.S.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

IBM Supply Chain Blog

NOVEMBER 8, 2023

I am excited to announce, therefore, that a few months ago I took on the role of IBM Power general manager. SAP is accelerating this journey by offering the current ERP, S/4HANA, as a managed service offering with SAP RISE. Let’s dig in to some specifics.

Leadership 96

Leadership Data Cost of ownership Strategy 96

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Cost management should be predicated predominantly on improving operational efficiencies. You must apply cost management strategies at Level 3 or 4 or Level 5 for it to be effective, as you may have a different approach for each sub-level. Renegotiate vendor contracts. Contract compliance. Eliminate non-essential spend.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

In the ever-evolving landscape of business operations, staying ahead in managing procurement processes efficiently is crucial. Enter Procurement Software, a transformative suite of tools designed to streamline purchasing activities and supply chain management.

supply chain software solutions 52

supply chain software solutions Supply Chain Efficiency supply chain budgeting Procurement 52

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

APRIL 24, 2024

Learn how IBM OpenPages Data Privacy Management can improve compliance accuracy and reduce audit time. Example A social media site creates a self-service data management portal. Identity and access management (IAM) solutions can help enforce granular access control policies across the organization.

Data 69

Data Real-time Visibility Risk Networking 69

Empowering CPO

JULY 5, 2023

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Procurement Insights

DECEMBER 14, 2022

The following is an excerpt from the December 13th article I wrote for the Terzo blog. One of the most interesting revelations regarding contract management in the post-Covid world is that most organizations were only using 20% of their CLM platform – mainly under the control of the legal department. Justin Hiatt, Terzo.

Contract management 45

Contract management Contract Management Buyers 45

Zycus Cognitive Procurement

OCTOBER 20, 2022

In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. With so much at stake, it’s no wonder why many businesses are turning to AI to help improve the accuracy of their procurement decisions.

Real-time Visibility 59

Real-time Visibility Procurement Procurement team Risk 59

Zycus Cognitive Procurement

FEBRUARY 8, 2022

To enable procurement teams to be more strategic, firms must put AI at the center of their arsenal and use it to assist with forecasting demand trends, optimizing bids for estimated savings, calculating supplier scores based on negotiated contract terms, monitoring budget performance, and much more. 1 ) AI-Assisted Sourcing.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40