IBM Supply Chain Blog

JANUARY 26, 2024

Vegetation management aims to mitigate these risks. But what exactly does vegetation management mean? In this blog, we’ll explore the importance of vegetation management, its impact on multiple industries, the challenges it presents and how technology can streamline this manual and laborious process.

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Management Budget Data Risk 70

IBM Supply Chain Blog

SEPTEMBER 6, 2023

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” ” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. It’s not about dismissing traditional budgeting.

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Budget Collaboration Data Strategy 89

IBM Supply Chain Blog

APRIL 14, 2023

However, their manual planning and budgeting process in spreadsheets posed several challenges, including lack of control, delayed data, poor execution, and the need for continuous follow-up with IT for actual data. They faced obstacles such as a prolonged budget process, manual forecasting, and no product profitability.

Raw materials 73

Raw materials Budget Data Management 73

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 61

Budget Data Cost optimization Collaboration 61

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

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supply chain budgeting Management Procurement Chief Procurement Officer 52

World of Procurement blog

APRIL 23, 2024

In the complex structure of modern businesses, the role of a procurement manager is pivotal for efficient operations and cost management. Here, we dive into what a procurement manager is, what their job entails, the typical day in their life, the career path, and, of course, the remuneration that comes with this crucial role.

supply chain budgeting 52

supply chain budgeting Management Procurement Chief Procurement Officer 52

The Good Spending

APRIL 2, 2023

Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. When discussing value generation , we mainly mention category management, stakeholder relationships, and supplier innovation.

Procurement 98

Procurement Demand Planning Budget Category management 98

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264

Price Strategy Sourcing Real-time Visibility 264

IBM Supply Chain Blog

OCTOBER 24, 2023

However, dispersed, unreliable data and time-consuming, error prone processes can lead to bloated budgets, ineffective planning and missed opportunities. IBM Consulting is uniquely positioned to provide exceptional FinOps and TBM services, from strategic planning to operating model implementation and managed services.

Collaboration 84

Collaboration e2e Budget Leadership 84

Procurement Software

APRIL 16, 2024

It’s often difficult to balance the right type of content, while also protecting the budget for learning & development (L&D). On top of that, it didn’t require any travel budget. It enables them to maximise the bang for their buck with travel budget, while also deliver the advantages of personal connection.

Procurement 52

Procurement Budget Procurement team Negotiation 52

IBM Supply Chain Blog

FEBRUARY 15, 2024

The comprehensive platform links Kubota’s KSIS, an IoT system, with IBM’s facility maintenance and asset management platform. Kubota is also looking to reduce the budgets of municipalities with water supply facilities by using the IoT data that analyzes breakage, trends and past repairs of their equipment and maintenance.

Sustainability 64

Sustainability Budget Data Quality 64

Procurement Leaders

APRIL 8, 2024

The issue leaders continue to grapple with, however, is identifying and prioritising use-cases for the technology – particularly when budgets are limited. Data management was another obstacle identified by attendees in Miami, with 37% of respondents saying this, above anything else, was holding back AI implementation.

Budget 130

Budget Data Procurement Management 130

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

Finale Inventory

NOVEMBER 20, 2023

Many sellers excel in providing top-notch products and services but find financial management, especially detailed accounting, daunting. This blog will explore how class tracking can simplify financial management for ecommerce businesses and how sellers can gain clarity and control over their diverse inventory.

Inventory 52

Inventory Budget Price Management 52

World of Procurement blog

APRIL 23, 2024

It is a complex journey from identifying needs to managing contracts and supplier relationships. It's essential to accurately define these requirements to avoid over or under-procuring, which can have significant implications on budgets and operations.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

It is a complex journey from identifying needs to managing contracts and supplier relationships. It's essential to accurately define these requirements to avoid over or under-procuring, which can have significant implications on budgets and operations.

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Purchase orders Procurement Quantity Budget 52

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

AUGUST 16, 2023

As a result, IT budgets are experiencing decreases along with overall operational budgets. With the right guidance and cost management approach, a cloud migration can and should decrease overall IT costs , while increasing operational efficiency and improving IT services.

Real-time Visibility 69

Real-time Visibility Budget Cost optimization Demand 69

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. If you deal with products that have expiration dates, such as food items, improper inventory management can lead to significant losses.

Inventory control 79

Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

Arkestro

JUNE 6, 2023

Resources / Blog / What Does Finance Think of Procurement? On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. What Does Finance Think of Procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain budgeting 52

IBM Supply Chain Blog

JANUARY 25, 2024

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. Over time, inventory managers have tested different approaches to determine the best fit for their organizations. A 35% decrease in maintenance budgets.

Supply Chain Optimization 81

Supply Chain Optimization Inventory Agile and Lean Supply Chain supply chain budgeting 81

IBM Supply Chain Blog

OCTOBER 3, 2023

Teams can build trust with automation to scale more efficiently, allowing them to build, deploy and manage applications and services anytime, anywhere while balancing performance and cost. You can ensure everyone is within budget.

Real-time Visibility 96

Real-time Visibility Cost optimization Budget Data 96

IBM Supply Chain Blog

MAY 9, 2023

Our partners are making a difference In my last blog , I talked about how far we’ve come with our partner program and our efforts to meet clients where they are. See more about Think 2023 here The post At IBM Think, partners are front and center appeared first on IBM Blog.

Vendor relationships 101

Vendor relationships Strategy Budget Quality 101

Barkers Procurement

OCTOBER 18, 2023

In this blog we review why robust procurement is so crucial for SMEs. Procurement creates consistency and transparency as the business grows A good procurement strategy that addresses contract management, supplier selection and supplier management can deliver consistency and transparency as the business grows.

Import 52

Import Supply Chain Efficiency Procurement supply chain budgeting 52

IBM Supply Chain Blog

NOVEMBER 10, 2023

A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend. But there’s another option: cloud management platforms and FinOps to better manage costs.

Demand 75

Demand Cost optimization Purchasing Budget 75

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.

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Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

World of Procurement blog

APRIL 23, 2024

RFP Process The RFP process can be broken down into several key steps: Preparation: Define the scope, budget, and timeline of the project. Can small businesses manage RFP processes? They are particularly useful when the buying organization lacks detailed knowledge about the solutions available in the market.

Procurement 52

Procurement Vendor relationships Budget Bidding 52

World of Procurement blog

APRIL 23, 2024

RFP Process The RFP process can be broken down into several key steps: Preparation: Define the scope, budget, and timeline of the project. Can small businesses manage RFP processes? They are particularly useful when the buying organization lacks detailed knowledge about the solutions available in the market.

Procurement 52

Procurement Vendor relationships Budget Bidding 52

TYA Suite

DECEMBER 16, 2022

Modern technologies have been developed to address industry challenges and issues like project management, health, and safety. It can also help control costs and budget allocations. Project management across multiple worksites has always been difficult in construction. So they can better manage future projects' time and costs.

Raw materials 52

Raw materials Budget Purchase orders Project management 52

Supply Chain Game Changer

NOVEMBER 25, 2022

Effectively managing credit card balances is more than a notion. Establish a budget. By the same token, you simply must create a budget so that you know how much you’re spending and what you’re spending on. The post How to Manage Credit Card Debt! Many of us have a dysfunctional relationship with them.

supply chain budgeting 98

supply chain budgeting Management Budget Supply chain 98

Supply Chain Game Changer

SEPTEMBER 22, 2022

Using an automated system for procurement and procurement management is critical to succeeding in today’s business world. As a procurement manager, you’re going to be responsible for the entire procurement process running smoothly. Understanding The Procurement Process. What Is Automated Procurement? Spend Visibility.

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

IBM Supply Chain Blog

MAY 16, 2023

To help companies better deliver on their marketing vision and scale their marketing business processes, managed marketing services (MMS) offshore has become a fast growing trend. What are managed marketing services (MMS)? Managed marketing services provide the hyper-personalization needed to build customer loyalty and reduce churn.

Management 75

Management Data Strategy Budget 75

Arkestro

MAY 23, 2023

Resources / Blog / Overcoming Construction Struggles With Predictive Procurement Overcoming Construction Struggles With Predictive Procurement In years past, the construction industry lagged behind the pack when it came to predictive procurement and digital transformation.

Procurement 52

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

IBM Supply Chain Blog

OCTOBER 30, 2023

Cyber Risk Management Policies and Procedures In addition to updates to Form 8-K reporting, the new SEC regulation calls for the inclusion of specific policies and procedures to manage cybersecurity in Form 10-K Amendments. million, representing a 15.3% increase from 2020.

Data 81

Data Leadership Risk management Risk 81

Planergy

AUGUST 18, 2023

How better management in AP can give you better flexibility for cash flow management. Download Free Copy Office Management: What Is It, Roles, Best Practices Guide, and More Written by Rob Biedron 19 min read HR Management & Leadership Download PDF IN THIS ARTICLE What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

How better management in AP can give you better flexibility for cash flow management. Download Free Copy Office Management: What Is It, Roles, Best Practices Guide, and More Written by Rob Biedron 19 min read HR Management & Leadership Download PDF IN THIS ARTICLE What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

IBM Supply Chain Blog

MAY 1, 2023

Google Cloud Platform (GCP) enables customers to build, manage and deploy modern, scalable applications to achieve digital business success. Fundamentally, as a Cloud Operator, you need to ensure great end-user experiences while staying within budget.

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Supply Chain Optimization supply chain budgeting Cost optimization Budget 88