IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies.

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Sourcing Strategy Supply Chain Efficiency e2e 105

ivalua

MAY 9, 2023

But, the competitive landscape for procurement software is very different. There is quite a substantial effort to participate in a public tender process, so most vendors have a limit to how many unsuccessful tenders they are willing to respond to before giving up.

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Procurement Strategy Strategic sourcing Strategic sourcing 246

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency 178

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

ivalua

OCTOBER 22, 2020

This month Gartner published its eagerly awaited Magic Quadrant for Procure-to-Pay (P2P) Suites , ranking the top 14 vendors based on ability to execute and completeness of vision. This year’s edition comes at an interesting time, with the Covid-19 pandemic having shifted Procurement priorities and employee working practices.

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supply chain software solutions Procurement Real-time Visibility supply chain budgeting 147

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. What is Procurement Software?

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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. What is Procurement Software?

supply chain software solutions 52

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

ivalua

MAY 19, 2022

As part of Ivalua’s journey to bridge the gap between Finance and Procurement, Ivalua has partnered with TransferMate to reduce the financial friction within cross-border trade. This blog will answer these questions plus a few more. But why is this so important for business, and what does it mean for prospects and customers?

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Zycus Cognitive Procurement

JANUARY 16, 2023

The tools that you use often have poor user experience (UX) and plagued with broken processes. . Challenges in Streamlining Procurement Process. Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: .

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Sourcing Real-time Visibility Procurement Buyers 52

ivalua

DECEMBER 6, 2022

Author: Hubert Verweij , Head of Procurement Transformation, Capgemini Invent Sweden and Finland. Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. Internal re-processing costs . Maverick buying .

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Strategic Sourceror

JULY 11, 2022

Organizations that have utilized traditional procure-to-pay (P2P) solutions are experiencing the need to monitor spend efficiency more closely. Leaders are prompted to seek more robust solutions— while lowering costs —and find that a comprehensive source-to-pay (S2P) platform is the answer.

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IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. 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. What is a procurement strategy?

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Procurement strategies Strategy Procurement Supply Chain Efficiency 73

Strategic Sourceror

JANUARY 13, 2023

In one form or another, virtually all industries are utilizing automation to facilitate their work processes for greater efficiency, speed and accuracy and to lower costs. Given its ubiquity, a few questions arise: What will warehouse automation look like in 2023? Will warehouse occupancy grow to accommodate the infrastructure?

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supply chain software solutions Supply Chain Efficiency Strategic sourcing Strategic sourcing 62

Barkers Procurement

OCTOBER 18, 2023

As a small or medium enterprise, making your resources go as far as possible counts and procurement plays an integral part in this. In this blog we review why robust procurement is so crucial for SMEs. In the longer term, it will be easier to document operations in these aspects of procurement and follow them.

Import 52

Import Supply Chain Efficiency Procurement supply chain budgeting 52

ivalua

OCTOBER 4, 2021

New legislation and regulations that support these imperatives are adding to the urgency for businesses to adopt and execute on corporate social responsibility (CSR) initiatives — but there are barriers to overcome, especially in Procurement. Getting Business Priorities Straight. Take, for example, Boohoo, a major retailer in the U.K.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

ivalua

MARCH 28, 2019

As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.

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Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Zycus Cognitive Procurement

AUGUST 29, 2022

Procurement in government organizations across Australia has always been a challenge due to the ever-evolving government regulations. Staying within the bounds of these regulations and streamlining the process of procurement is now a key imperative for procurement leaders. Do all processes need to be digitized?

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Risk management Risk Suppliers Management 52

Zycus Cognitive Procurement

JULY 25, 2022

CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years. Here are the latest updates on digital procurement in 2022 : .

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supply chain budgeting Procurement Agile and Lean Supply Chain Management 52

Zycus Cognitive Procurement

FEBRUARY 21, 2022

Source to Pay is a complex initiative that can make or break your bottom line, depending on how you approach it. Why automate your procurement process ? Furthermore, it’s important to recognize how source-to-pay automation is within reach for nearly every organization today.

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Sourcing Real-time Visibility Supply Chain Efficiency Suppliers 40

Zycus Cognitive Procurement

OCTOBER 20, 2022

Cognitive procurement is a hot topic in the business world today. In simple words, cognitive procurement is the process of using disruptive technologies such as artificial intelligence (AI) to assist with procurement. But why is cognitive procurement becoming so popular, and what impact does it create on businesses?

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Real-time Visibility Procurement Procurement team Risk 59

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. from February 2020 to August 2022.

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Zycus Cognitive Procurement

JANUARY 29, 2021

But ERP controls are designed around configuration rules and access rights; they do not assess the quality of transactions, nor are they built to assist finance teams in driving process improvements. The secret sauce: A touch-less accounts payable process . 2) The Secret sauce: A touch-less AP process.

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Eprocurement Purchase orders Quality Purchasing 52

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Job Description, Skills, and Qualifications As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

Zycus Cognitive Procurement

JULY 27, 2021

Procure to pay automation has come a long way in the world of procurement. The influence of automation is increasing day by day. But today, in the age of Big Data, ‘reimagining’ the procure-to-pay process means a data-driven and fact-based approach for proven business results.

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Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Before we get into the automation part, let’s first simply try to understand – what is a 3-way invoice matching process in accounts payable. A 3-way invoice matching process is a way to make payments pledged to the suppliers while shielding the business from any sort of risk of unnecessary spending. So how does it work?

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Real-time Visibility Purchase orders Purchasing Suppliers 40

Zycus Cognitive Procurement

NOVEMBER 24, 2021

Organizations relying on manual and paper-driven processing cycles face inefficiencies across the accounts payable process cycle. This leads to delay in payment processing and also leads to errors or duplication in processing. Learn more: What’s next in account payable automation. Slow Processing.

e2e 40

e2e Purchase orders Purchasing Vendor relationships 40

IBM Supply Chain Blog

FEBRUARY 14, 2024

Voice-based queries use natural language processing (NLP) and sentiment analysis for speech recognition so their conversations can begin immediately. McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology.

Real-time Visibility 88

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 88

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. This blog will cover the current challenges facing CFOs and procurement teams and several strategies that can be implemented to drive cost savings and increase efficiency.

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Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Zycus Cognitive Procurement

JANUARY 24, 2023

So, the question remains: What are the key challenges and agenda items for procurement leaders in 2023, and how will they adapt to these challenges? Key thought leaders included Jacob Gorm Larsen , Ex-Director of Digital Procurement, Maersk Group; Prof. Now, more than ever before is the time for enterprises to invest in technology.

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Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Arkestro

NOVEMBER 14, 2023

Resources / Blog / Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry Thanksgiving is one of the most important holidays for the food and beverage industry in the U.S. Last year, the holiday brought in $2.8

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supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Procurement 52

ivalua

MARCH 14, 2019

It’s a question that you can answer for yourself at Ivalua Now – The Art of Procurement , being held, appropriately enough, at The Louvre, Paris 10 th – 12 th April. But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. So what’s “art” got to do with it?

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Procurement Innovation Strategic sourcing Strategic sourcing 100

Empowering CPO

JULY 2, 2023

Introduction In an increasingly interconnected and competitive business landscape, the role of procurement has transformed from a supporting function to a strategic powerhouse. Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost.

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Management Procurement Strategic sourcing Strategic sourcing 52

Procurify

MAY 12, 2022

Many people use the terms procurement and purchasing interchangeably. One focuses on transactional functions, for example, while the other focuses on the strategic process of product sourcing. In this guide, we clarify any confusion on the difference between procurement and purchasing, and deep dive into each area.

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Barkers Procurement

MAY 11, 2023

Procure to pay is a process that integrates accounts payable and receivable systems so that the organisation can achieve greater efficiency. Consider the bigger picture P2P is part of the wider procurement strategy, and your software should be as well. What do you need? What do you want? What is just nice to have?

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Cost of ownership Real-time Visibility Purchase orders Procurement strategies 52

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. Did the pandemic already write procurement’s future? By Eric Edwards | November 15, 2022.

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Let's Talk Supply Chain

JANUARY 11, 2023

Today I’m joined by Nipendo , a forward-thinking software brand that is on a mission to improve how buyers and suppliers work together to combat Source-to-Pay inefficiencies and costs. IN THIS EPISODE WE DISCUSS: [06.38] How and why Nipendo was founded, and what attracted Paul to the brand. “It People stop doing tedious things!…

Buyers 52

Buyers Suppliers supply chain budgeting supply chain software solutions 52

Zycus Cognitive Procurement

MAY 4, 2022

We’ve had such an explosive year so far – from onboarding multiple new customers, to getting first-hand recognition from Forrester & Gartner on enabling procurement transformation for large enterprises using AI, to expanding our global presence and opening our new center in Japan and much more.

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