IBM Supply Chain Blog

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Supply Chain Game Changer

MAY 29, 2022

What You Should Know Before Taking Out a Business Loan. Construction contracting has huge income potential. That is because, like all businesses, construction contractors take a huge risk by funding their projects using cash from their reserves. Business Credit Lines. Financing is the key. It’s very flexible.

Raw materials 86

Raw materials Purchase orders Contract Purchasing 86

World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. There is talk of a rise in Legal Operations and Legal Design type roles throughout 2022.

Contract management 52

Contract management Contract Management e2e 52

World of Procurement blog

JULY 27, 2021

Why you need a Contract Lifecycle Management System Contract Lifecycle Management (CLM) systems are a must-have for effective Contract Management. I know many of you might say "you need to have a good process in place in the first place" to implement Contract Management and you're kinda right but kinda wrong.

Contract management 52

Contract management Contract Management Contract administration 52

Planergy

JANUARY 19, 2024

In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization. It’s an essential tool for businesses to identify the best suppliers for your business needs, and build strong, long-term partnerships with them.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

Our dedicated team of professionals combines industry knowledge with advanced analytics tools to provide insightful recommendations, empowering businesses to make data-driven decisions and achieve tangible results. It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

World of Procurement blog

JUNE 17, 2021

What is Contract Management? Contract Management is the process of managing all of your contracts. For this article, we’re going to focus on Contract Management related to your Supply Chain Contracts, or Procurement Contracts. This is the management of the entire contracting process though.

Contract management 52

Contract management Contract Management Contract administration 52

IBM Supply Chain Blog

JANUARY 22, 2024

The GDPR doesn’t only apply to businesses using customer data for commercial purposes. The General Data Protection Regulation (GDPR) is a European Union (EU) law that governs how organizations collect and use personal data. Any company operating in the EU or handling EU residents’ data must adhere to GDPR requirements.

Data 86

Data Risk Influencing Contract 86

Zycus Cognitive Procurement

DECEMBER 1, 2020

There are many benefits of contract management software, especially in today’s world. Also, contract management software provides the legal, procurement, financial, sales, and contract administration teams with a useful set of tools to effectively and efficiently manage the entire contract management process.

Contract management 40

Contract management Contract Management Contract administration 40

The Thomas Blog

AUGUST 2, 2022

The pandemic, trade agreements, and changes in the economy have impacted the industry as a whole, but it's still on target for billion dollar growth in the years ahead. Determine the types of companies you’d like to do business with, then focus on the optimal industries, company size, location, and other factors that work best for you.

Buyers 144

Buyers Quality Ethics Export 144

IBM Supply Chain Blog

AUGUST 16, 2023

It is poised to transform businesses and industries, revolutionize how employees and other stakeholders collaborate, and drive digital transformation initiatives. In addition, companies can run up cloud costs because they provision more resources than necessary for their normal business functions.

Real-time Visibility 67

Real-time Visibility Budget Cost optimization Demand 67

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. Procurement is usually discussed in a business context because businesses buy whole lotta goods and services.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Empowering CPO

JUNE 27, 2023

Introduction Unveiling the untapped potential of spend analysis In the dynamic world of procurement, where businesses strive to optimize costs, drive efficiency, and foster long-term partnerships, one often overlooked yet powerful tool holds the key to unlocking untapped potential: spend analysis.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Zycus Cognitive Procurement

JANUARY 31, 2023

As businesses strive to remain competitive in times of economic uncertainty, there is an increased need for effective supplier relationship management. Supplier Relationship Management is an effective way to foster strong and collaborative relationships with suppliers, leading to improved business performance.

Supplier relationship management 40

Supplier relationship management Suppliers Management Supply Chain Efficiency 40

Supply Chain Game Changer

NOVEMBER 26, 2022

A tracking index for ETFs named VanEck Vectors Oil Services ETF allows you to keep tabs on these businesses. The need for oil and gas on a global scale has grown during the last few decades. This is due to a number of factors, one of which being an increase in global economic activity. Oil Field Services and what they are. From USD 135.1

Supply Chain Efficiency 70

Supply Chain Efficiency Price Quantity Supply Chain Optimization 70

Supply Chain Game Changer

MARCH 25, 2020

Many businesses often, when it is time to upgrade or get a new device, already know what array of features the machine should be equipped with, but the question of whether to buy or lease, can be one which isn’t quite so obvious. Email Address. Subscribe to Supply Chain Game Changer. Copy Machine Problems and How to Fix Them! Sponsored).

Purchasing 52

Purchasing Supply Chain Efficiency Supply chain Contract 52

Supply Chain Game Changer

SEPTEMBER 10, 2020

It contains vital information about the goods, such as the type, quantity, and destination. In international trade, a bill of lading can be considered as a legal transportation contract acknowledging the agreement between the carrier and the shipper on movement and delivery of goods. What is a Bill of Entry (BOE)?

Quantity 54

Quantity Contract Supply chain Management 54

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. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

World of Procurement blog

OCTOBER 13, 2020

Most of the time, if we look at the type and cost of such investments, they are mainly considered as a one-shot purchasing action, for example: buying manufacturing tools or upgrading IT infrastructure. Yet, it might not be the case for some small or medium-sized businesses. This article may bring a new perspective.

Management 52

Management Procurement Buyers Negotiation 52

Supply Chain Game Changer

JUNE 28, 2021

Getting a business loan article and permission to publish here provided by Harry Stark. Many people dream of owning their own business or expanding their existing business, but few follow through with those dreams. Unless you’ve been saving for years, then you’ll need a business loan. Business ownership will be yours.

Risk 53

Risk Negotiation Inventory Supply chain 53

Claritum

FEBRUARY 24, 2020

Claritum Article - Procurement Blog. Types of activity suitable for Project based procurement. Types of activity suitable for Project based procurement. Planning the procurement project, including project risk assessments and assessment of the relative importance of the project to the business. when should I use it?

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Procurify

JUNE 21, 2022

In fact, 75 percent of companies claim the supply chain disruptions have had negative or strongly negative impacts on their businesses. In order to float and not sink in the current business environment, companies may need financing solutions to deliver purchase orders. Let’s get to it. The importance of purchase orders.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52

Positive Purchasing

APRIL 11, 2022

Jonathan O’Brien considers procurement within an inflationary environment and suggests ways to cope with unparalleled changes and increased expenditure. How can we renegotiate with existing suppliers or break away and form new relationships? In many cases, there are hubs for manufacturing and services while the rest of the company works elsewhere.

Raw materials 52

Raw materials Supply Supply Chain Efficiency Price 52

Claritum

NOVEMBER 23, 2017

Claritum Article - Procurement Blog. Businesses that use email for purchasing lack visibility of their spending. As all correspondence between buyer and seller is conducted via email, details such as specification, delivery details, price, contract terms and approvals are buried within an employees email account. Visibility.

Real-time Visibility 32

Real-time Visibility Procurement Buyers Negotiation 32

Empowering CPO

JUNE 27, 2023

In this blog, we will take a comprehensive dive into the realm of category spend analysis, exploring its significance, benefits, and how EmpoweringCPO, a leading procurement services company, excels in delivering exceptional spend analysis services. Why is spend analysis so important in procurement?

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Procurement strategies 40

Supply Chain Game Changer

SEPTEMBER 30, 2020

Unfortunately for many, basic supplier insights, such as contract, spend, performance, risk, and compliance data isn’t so easy to get a hold of, or begin to analyze. Unfortunately for many, basic supplier insights, such as contract, spend, performance, risk, and compliance data isn’t so easy to get a hold of, or begin to analyze.

Suppliers 53

Suppliers Data Innovation Supply chain 53

SCMDOJO

SEPTEMBER 4, 2023

We’ll delve into the realm of LSPs in this blog, examine their various categories, and compare the benefits and drawbacks of the most popular kinds. Depending on the organizational need and request there are a set of different types of LSP, ranking from 1PL up to 6PL.

Logistics 94

Logistics Supply Chain Efficiency Supply Chain Optimization Negotiation 94

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement function.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

IBM Supply Chain Blog

APRIL 4, 2024

Business Process Management (BPM) is a systematic approach to managing and streamlining business processes. BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. BPM is often confused with other seemingly similar initiatives.

Real-time Visibility 58

Real-time Visibility Management e2e Supply Chain Efficiency 58

IBM Supply Chain Blog

FEBRUARY 1, 2024

That’s what most small businesses need ultimately—a reliable service that answers DNS queries. Yet at a certain point, any thriving business starts to outgrow the standard DNS offering provided by most registrars. As businesses scale, they need to help ensure constant access to the customers who drive revenue growth.

Networking 66

Networking Data Quality Contract 66

IBM Supply Chain Blog

JANUARY 17, 2024

The main principles of cryptography establish trust when conducting business online. When it comes to data security , the ancient art of cryptography has become a critical cornerstone of today’s digital age. Non-repudiation: The creator/sender of encrypted information cannot deny their intention to send the information. are kept secure.

Data 89

Data Management Negotiation Contract 89

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. Supplier risk management should be focused on addressing the various areas where issues with suppliers may arise.

Risk management 52

Risk management Risk Suppliers Management 52

Jaggaer

NOVEMBER 5, 2019

This can feel impossible when viewing a diverse field of suppliers and transaction types, but it is entirely possible to offer your suppliers the flexibility they need while adhering to your own organization’s requirements. Throughout 2019, digitalization and automation have been a major theme in relation to accounts payable.

Management 61

Management Suppliers Purchasing Purchase orders 61

Supply Chain Game Changer

AUGUST 12, 2022

Nonetheless, its underlying functions are significantly larger, involving “smart” digital contracts, logistics and force chain provenance and security, and identity theft prevention. In 2022, businesses are estimated to spend $11.7 Subscribe to Supply Chain Game Changer. 4 Ways Blockchain is Revolutionizing Supply Chain!

supply chain budgeting 97

supply chain budgeting Supply chain Networking Contract 97