IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. What is a procurement strategy? Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

Procurement strategies 73

Procurement strategies Strategy Procurement Supply Chain Efficiency 73

SCMDOJO

SEPTEMBER 18, 2023

Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] Diversifying Your Business Lingo: Synonyms for Procurement What are the synonyms of procurement, you might wonder? Sourcing plays a crucial role in building strong supplier relationships and achieving cost-effectiveness in the supply chain.

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Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. The ultimate goal is to realize contracted savings and ensure that suppliers ‘perform to contract’. Previously published on Capgemini’s website.

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e2e Suppliers Procurement Contract 130

Empowering CPO

MAY 11, 2023

This includes labor rights, fair trade, diversity and inclusion, and community development. Goals This blog post aims to provide a comprehensive understanding of sustainable procurement and how organizations can effectively integrate environmental and social factors into their procurement processes.

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Sustainability Procurement Supply Chain Efficiency Raw materials 52

Empowering CPO

JUNE 30, 2023

Our offerings range from spend analysis and supplier management to strategic sourcing and contract lifecycle management, each tailored to the unique needs and objectives of our clients. But what exactly does it entail? So, let’s embark on this enlightening journey together. So, why are managed procurement services necessary?

Supply Chain Optimization 52

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

Planergy

JANUARY 19, 2024

What's Planergy? That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations. What is Vendor Analysis? Modern Spend Management and Accounts Payable software.

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Vendor management Suppliers Quality Supply Chain Efficiency 52

Bonfire

JANUARY 25, 2023

So you want to create a vendor diversity program. What pieces should you have in place for success? The results became the City’s guide when creating their vendor diversity program. Gather, store, and use your data One critical piece of any procurement department is a system to collect vendor diversity data.

Bidding 52

Bidding Eprocurement Leadership Data 52

Planergy

SEPTEMBER 8, 2022

How AP can improve relationships with your key suppliers. Supplier Performance Management: How and What To Measure. Best Practices & Tips Supplier Performance Supplier Relationship Management. Best Practices & Tips Supplier Performance Supplier Relationship Management. Download Free Copy.

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Suppliers Management Supplier relationship management supply chain budgeting 52

Bonfire

MAY 17, 2022

Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurement teams to foster more diversity in their vendor pool. So how do you create vendor diversity initiatives in your organization?

Strategy 52

Strategy Contract Procurement team Suppliers 52

The Thomas Blog

JUNE 22, 2022

While your specific business goals might be different than your competitors or the thousands of other manufactures out there, everyone wants to bring on new customers. What markets do you serve? Some buyers only work with manufacturers or suppliers that have specific certifications , so make sure they're visible and up to date.

Buyers 64

Buyers Real-time Visibility supply chain budgeting Supply Chain Efficiency 64

The Thomas Blog

JULY 12, 2022

What about email digests? These are all valid questions manufacturing marketers find themselves asking when selecting the right format to meets their email marketing goals. Before we get into the nitty-gritty details of creating email newsletters, you will need to determine your goal. Most Common Email Marketing Types.

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Buyers Purchasing Strategy Import 134

Positive Purchasing

DECEMBER 6, 2023

Increasing consumer pressure is a huge part of what is driving organizations to develop their sustainability initiatives and support improved human rights. What else are you doing to minimize food waste? Customers are literally voting with their wallets by demanding ever more green and sustainable practices from their favourite brands.

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. The Pressures Facing CFOs No doubt about it – there is A LOT of pressure on your shoulders as a CFO.

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Skill Dynamics

AUGUST 15, 2022

Strategic supplier relationship management (SRM) is a key factor for driving competitive advantage for multi-national organizations. We’ve highlighted the most important elements to help improve supplier relationship management: Foster the right behaviors. Get the most out of strategic suppliers. Effective communication.

Supplier relationship management 52

Supplier relationship management Suppliers Strategy Management 52

Supply Chain Trend

DECEMBER 22, 2023

Many which I’ve highlighted over the years in blogs and articles. These principles are a first guide around the WHAT not necessarily the HOW of Intelligent IBP. The job of the planner I describe above is more enticing than what I still see today. However, what we call this evolution of IBP is not important.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. But, it’s far more than just buying.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

HICX

AUGUST 11, 2022

The last years have seen a fundamental and permanent shift in supply chain relationships and leading organizations recognize that their future growth relies on the strength of their supplier base. As such, SXM aims to identify and remove friction points for all suppliers. Higher levels of efficiency.

Suppliers 52

Suppliers Supply Chain Efficiency Management Innovation 52

Supply Chain Game Changer

SEPTEMBER 16, 2020

But as we chronicle on the Argentus blog, the field has changed. What once used to be a field strictly about getting goods from point A to point B has become one where the top performers use sophisticated technology and supplier relationship management to provide untold cost savings, risk mitigation and innovation. What’s more?

Supply chain 54

Supply chain Leadership Supply Supply chain management 54

SCMDOJO

JULY 24, 2023

In this blog, we will answer the question: what is Contract Logistics, and explore its definition, solutions, challenges, and opportunities, understanding why Contract Logistics is considered as the hub of logistics today and how it can help businesses thrive in an ever-evolving market.

Contract 90

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 90

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Why is diversity of supply important. Achieving results with supplier diversity. Strategic approach to supply diversity. Indirect spend and supply diversity. For example, roughly 97% of the Fortune 500 companies set percentage or dollar goals on supplier diversity.

Supply 36

Supply Agile and Lean Supply Chain Suppliers Contract 36

Claritum

AUGUST 23, 2019

Claritum Article - Procurement Blog. Why is diversity of supply important. Achieving results with supplier diversity. Strategic approach to supply diversity. Indirect spend and supply diversity. For example, roughly 97% of the Fortune 500 companies set percentage or dollar goals on supplier diversity.

Supply 32

Supply Agile and Lean Supply Chain Suppliers Supply chain 32

Supply Chain Game Changer

JUNE 8, 2021

Your customers will tell you what you need to do Don’t overthink things – take action early Communicate, communicate, communicate Be absolutely clear on roles and responsibilities With new Customers, manage expectations from the start Have the courage of your convictions. Do what you love! Michael Massetti, VP at Gartner.

Supply Chain Efficiency 97

Supply Chain Efficiency supply chain budgeting Supply chain Leadership 97

IBM Supply Chain Blog

MARCH 13, 2023

High-quality ESG reporting requires real visibility, not only into a company’s own operations but into those of its suppliers. Ready or not, here they come. Mandatory regulatory disclosures regarding environmental, social and governance (ESG) factors are on the horizon for businesses everywhere.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Sustainability Supply Chain Optimization 52

Empowering CPO

JUNE 14, 2023

When performed adeptly, it can lead to optimal business outcomes, fostering solid relationships with suppliers, ensuring quality and timely delivery, and aligning costs with budget constraints. They are the guardians of the organization’s resources, ensuring that purchases align with the strategic goals of the business.

Negotiation 40

Negotiation Strategy Procurement Import 40

Planergy

AUGUST 18, 2023

How AP can improve relationships with your key suppliers. 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? What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

How AP can improve relationships with your key suppliers. 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? What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Supply Chain Game Changer

NOVEMBER 29, 2022

What is POS Development? The emergence of new POS systems is necessary, given the diversity of payment options and consumer demand. Order Fulfillment in the Backend and Supplier Relationship Management. They gain a better understanding of their individual sales goals and targets. Advanced Retail Statistics and Reports.

supply chain software solutions 63

supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Inventory 63

Claritum

FEBRUARY 24, 2020

Claritum Article - Procurement Blog. And what challenges will I face? Project-based procurement occurs when there is a specific project activity and goal. Supplier and Market research. Including identifying potential suppliers and any areas to be focused on at the Category or a Strategic level within the business.

Procurement 41

Procurement Purchasing Suppliers Sourcing 41

Bonfire

NOVEMBER 25, 2021

What is vendor-paid eProcurement? Let’s take a look at what some of those risks are. . Craig says the goal of eProcurement should ultimately be “to make things easier for the vendors” – not to saddle them with additional barriers to entry. And be sure to tune into the full episode for all the details. powered by Sounder.

Eprocurement 52

Eprocurement Risk Bidding Influencing 52

Supply Chain Brain

JULY 9, 2018

While consolidating that mishmash of software was an obvious goal, paring down the diverse architecture to what Whiting terms “a federation of core ERPs” wasn’t the top priority. Much of the effort toward digitization has been aimed at the supplier base. The first task was to address middleware.

supply chain software solutions 40

supply chain software solutions Agile and Lean Supply Chain Supply Chain Optimization Supply chain 40

Supply Chain Game Changer

MARCH 6, 2019

Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. The responsibility of sourcing responsibly is shared between stakeholder, supplier, buyer and society at large. So… out with the old and in with the new!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Supply Chain Game Changer

NOVEMBER 7, 2019

What is the Digital Supply Chain? To ensure that digitalization within an organization, is systematic and calculated, it’s important to have a digital strategy as a framework and understand what kind of ecosystem you’d like to/need to create. Subscribe to Supply Chain Game Changer. which always disrupts the initial undertaking.”

Agile and Lean Supply Chain 55

Agile and Lean Supply Chain Procurement Innovation Sourcing 55

The Thomas Blog

AUGUST 24, 2022

By understanding what your buyers have on their plates, you can more easily accomplish one of your most important tasks — generating more leads and contributing to your bottom line. In this post we'll share what you should know to meet their needs and create more meaningful connections to win more business. The buyer realizes a need.

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Buyers Buying process Suppliers Sourcing 128

Positive Purchasing

JUNE 5, 2023

Jonathan’s 1st question of the moment : Supplier diversity – are we getting it right? Supplier diversity has been on my mind a lot over the last couple of years. In effect, we are unconsciously driving churn, and many diverse suppliers are smaller businesses who can ill afford the costs of unsuccessful sales pitches.

Sourcing 89

Sourcing Procurement Negotiation Suppliers 89

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. Procurement is emerging as a particularly helpful and strategic function to sustainability efforts and setting supply chain sustainability goals. So where do you start?

Sustainability 52

Sustainability Supply Chain Efficiency Supply chain Supply 52

SupplyShift

OCTOBER 13, 2021

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. At the core of any successful supply chain sustainability plan, there are four main areas: The breaking down of data siloes and subsequent goal setting. So where do you start?

Sustainability 52

Sustainability Supply Chain Efficiency Supply chain Supply 52

ivalua

APRIL 17, 2023

Having supplier information scattered across multiple systems can lead to data quality issues and even duplicate records for the same supplier. Taxpayers and legislators demand transparency, and suppliers appreciate it. At Ivalua, we understand the importance of having a single source of truth for your data.

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Sourcing Procurement Leadership Suppliers 130