Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. To stay at the forefront of today’s rapidly evolving business environment, procurement tracking plays a crucial role in monitoring the procurement process.

Supply Chain Efficiency 178

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

Spend Matters

JANUARY 12, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Amazon Business. Spend Matters is publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market.

Procurement solutions 91

Procurement solutions Procurement supply chain budgeting Procurement team 91

Pipefy

OCTOBER 27, 2023

For years, businesses have relied on a standard set of tools to automate and optimize their processes. Today, many businesses are adding artificial intelligence and no-code automation platforms to their process management toolbox. How do these leaders evaluate process and workflow automation tools?

Innovation 52

Innovation Data Management 52

IBM Supply Chain Blog

MARCH 25, 2024

Supply chain or other business interruptions due to extreme weather might also hit balance sheets in listed companies. Companies can follow this three-step process to address the implications of climate change in their business: 1. Financial services firms can use the tool for “what if?”

Risk 95

Risk Data Strategy Risk management 95

ivalua

OCTOBER 13, 2022

A new report, “Data-Enabled Supply Chain Transparency” has revealed that 77% of respondents indicated their organization considers supply chain transparency to be critically or highly important. Redwood City, CA, 13 October, 2022. About the research.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting supply chain software solutions 130

IBM Supply Chain Blog

OCTOBER 17, 2023

In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. ” 1 Business and data analysts are intimately familiar with the growing business need for precise, real-time intelligence. .”

Data 84

Data Raw materials Supply Chain Optimization Supply Chain Efficiency 84

IBM Supply Chain Blog

JUNE 29, 2023

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. Strategic planning Integrated Business Planning starts with strategic planning.

supply chain software solutions 83

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

Spend Matters

JULY 24, 2023

Given that few businesses intend to expand the size of the Procurement function any time soon,” it says, “and despite the significantly increased expectations placed upon it, Procurement chiefs have a difficult time ahead.” It frames analytics as “transcending descriptive business intelligence tools (e.g.,

supply chain budgeting 80

supply chain budgeting Budget Agile and Lean Supply Chain Risk 80

IBM Supply Chain Blog

APRIL 26, 2023

They are also interested and involved in the holistic application of emerging technologies like additive manufacturing, autonomous technologies, and artificial intelligence. They are a technologically motivated enterprise, so it’s no surprise that they would apply this forward-thinking view to their finance reporting as well.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply chain Data Leadership 84

Pipefy

MARCH 28, 2024

Business automation software, also referred to as no-code business process automation (BPA), has made digital transformation possible for many organizations. In the past few years, however, businesses have amassed vast amounts of data while watching their workflows and tech stacks increase in both number and complexity.

e2e 52

e2e Real-time Visibility Data Sourcing 52

IBM Supply Chain Blog

APRIL 18, 2024

This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work. Imagine a world where machines aren’t confined to pre-programmed tasks but operate with human-like autonomy and competence.

Data 90

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 90

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. Can you spot the mistakes! She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. A PQQ is the first stage, followed by an ITT.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

IBM Supply Chain Blog

SEPTEMBER 6, 2023

Every one of these assets plays a vital role in business operations—and any of them could contain vulnerabilities that threat actors can use to sow chaos. Security teams often use attack surface management platforms or other asset discovery tools to automate this process.

Management 109

Management Networking Risk Strategy 109

IBM Supply Chain Blog

MARCH 25, 2024

With content demands expected to grow in the next few years, organizations need to create more content at a faster pace to meet customer expectations and business needs. The FOGI concern revolves around trust, and whether they can trust the AI tools and technology to augment employees.

Supply Chain Optimization 106

Supply Chain Optimization Supply Chain Efficiency Supply chain Supply 106

Pipefy

JANUARY 30, 2024

Because procure-to-pay teams lacking business agility, internal resources, or adequate tools are hungry for solutions that can help them streamline operations, increase strategic influence, gain spend control, innovate sourcing streams, improve efficiency, and increase time for more “high-value” work. billion by 2028.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

APRIL 4, 2023

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business.

Supply Chain Analytics 110

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Procurement Heads

DECEMBER 16, 2022

In times like these, it’s crucial to turn to the latest technologies, which facilitate greater ease of operations to reduce strain on current employees and attract the top talent and supplies to your business. Market Research Future reports that the procurement software market is projected to reach $14.10 billion (£11.8

Procurement 130

Procurement Supply Chain Efficiency supply chain software solutions Procurement team 130

IBM Supply Chain Blog

OCTOBER 16, 2023

Artificial intelligence (AI) adoption is still in its early stages. As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks.

Risk 77

Risk Management Ethics Real-time Visibility 77

IBM Supply Chain Blog

FEBRUARY 20, 2024

An earlier model built through the IBM-NASA partnership became a tool to help scientists map urban heat islands in the United Arab Emirates and monitor reforestation in Kenya. Predictions range as high as 5 degrees Celsius or more by the end of the 21st century, according to the Climate Science Special Report from the U.S.

Risk 122

Risk Sustainability Strategy Data 122

IBM Supply Chain Blog

JULY 26, 2023

AI tools like ChatGPT are grabbing headlines, but other AI techniques and tools specifically designed for enterprises are quietly helping companies meet their sustainability goals. Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting.

Sustainability 80

Sustainability Route optimization Inventory Demand 80

IBM Supply Chain Blog

FEBRUARY 12, 2024

Businesses that place the emotional needs of the buyer persona at the forefront of the customer experience strategy fosters great relationships. Forrester reports that customer experience is a high priority for about 75% of global business and technology professionals and their organizations.

Sustainability 77

Sustainability Strategy Real-time Visibility Data 77

IBM Supply Chain Blog

FEBRUARY 13, 2024

Before long, smartphones became a way of life for organizations worldwide because of all they offer for business productivity and communication. Generative AI ( artificial intelligence ) promises a similar leap in productivity and the emergence of new modes of working and creating. Automate tedious, repetitive tasks.

Data 125

Data Ethics Quality Project management 125

IBM Supply Chain Blog

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. Why should businesses act now on climate change? There are likely to be direct expenses, along with missed opportunities and lost business.

Risk 67

Risk Sustainability Data Demand 67

Spend Matters

JANUARY 5, 2023

Categories: Category Intelligence (Direct) , Category Intelligence (Indirect) , Market Intelligence , Procurement Strategy & Planning , Sponsored Article Tags: Sponsored Article A global recession is looming, according to most economists. The US , China, and the euro area are likely to stall. Read more. ).

Innovation 76

Innovation Chief Procurement Officer Procurement Category management 76

Empowering CPO

FEBRUARY 14, 2024

Introduction In the ever-evolving realm of modern business, where procurement plays a pivotal role in shaping success, the choice of the right procurement service and dashboard tool is more crucial than ever. Our seasoned experts bring a wealth of experience and an innovative, results-driven approach to the table.

Procurement 40

Procurement Procurement strategies Supply Chain Efficiency Supply Chain Optimization 40

ivalua

MAY 30, 2022

In today’s dynamic business environment, consumer behavior and expectations are changing dramatically. This group reports an almost 7% increase in supply chain cost savings on a recurring basis, along with almost 8% in revenue increases. As the demands on supply chains continue to increase, so do the expectations of consumers.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

IBM Supply Chain Blog

APRIL 24, 2024

One cannot overstate the importance of data privacy for businesses today. Meanwhile, businesses that prioritize information privacy can build trust with consumers and gain an edge over less privacy-conscious competitors. Yet many organizations struggle with privacy protections despite the best intentions.

Data 83

Data Real-time Visibility Risk Networking 83

IBM Supply Chain Blog

DECEMBER 14, 2023

By understanding the organization’s unique risk landscape, IBM helps develop a strategic roadmap that aligns cybersecurity investments with business objectives, ensuring optimal protection while optimizing resources. To combat these ever-growing risks, the concept of cyber resiliency has gained significant importance.

Data 86

Data Risk Collaboration Import 86

IBM Supply Chain Blog

FEBRUARY 16, 2024

And why do both matter for your business? Customer experience , or CX, is a holistic accounting of customers’ perceptions resulting from all their interactions with a business or brand, whether online or in-store. So what are the key differences in customer service vs. customer experience?

Purchasing 98

Purchasing supply chain software solutions Strategy Influencing 98

Spend Matters

MARCH 11, 2024

We use solution provider and practitioner intelligence, alongside our first-hand knowledge from endless demos within the tech industry (culminating in our Vendor Analyses ) to steer our research and analysis which informs the best decisions of the best decision makers. Supplier Master Files have changed, he said.

Procurement strategies 98

Procurement strategies Innovation Strategy Procurement 98

Pipefy

OCTOBER 25, 2023

Procurement teams have a critical role to play in business strategy. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and stay competitive. To do any of these effectively, they need the right tools. But what does that look like?

Procurement team 52

Procurement team Agile and Lean Supply Chain Business strategy Procurement 52

Procurement Insights

MARCH 19, 2024

Using great tools like solution maps to choose the right solution provider is equivalent to trying to count the stars in our universe and reliably distinguishing one from another. What do I do when receiving calls from providers wanting to discuss, demonstrate, and promote their ESG reporting capabilities?

Supply Chain Visibility 75

Supply Chain Visibility Supply chain Procurement Import 75

IBM Supply Chain Blog

FEBRUARY 14, 2024

When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system.

Real-time Visibility 88

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

IBM Supply Chain Blog

JULY 5, 2023

Cloud cost optimization combines strategies, techniques, best practices and tools to help reduce cloud costs, find the most cost-effective way to run your applications in the cloud environment, and maximize business value. Cloud optimization helps reduce waste and avoid overspending by identifying unused resources and neglected tools.

Cost optimization 71

Cost optimization Real-time Visibility Price Budget 71

Procurement Insights

NOVEMBER 23, 2023

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002). But that is a discussion for another day.

Suppliers 62

Suppliers Buyers Risk management Supply Chain Optimization 62

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top performing solutions, leveraging its SolutionMap dataset.

Procurement solutions 89

Procurement solutions Procurement supply chain budgeting Real-time Visibility 89

Fraxion

JUNE 30, 2023

In today's rapidly evolving business landscape, financial managers play a critical role in ensuring the financial health and success of their organizations. As a financial leader, you face numerous challenges that require proactive strategies and effective tools to navigate complex financial environments.

Strategy 52

Strategy Innovation Management Risk 52