IBM Supply Chain Blog

APRIL 25, 2024

Done correctly, this process also contains critical activities that can significantly reduce costs and satisfy a business’ key metrics for success. Navigating ethical personalization Personalization in commerce is no longer optional. Does the brand make it convenient to do business with them post purchase?

Strategy 89

Strategy Ethics Purchasing Data 89

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. This approach often resulted in inefficient use of resources, limited visibility into supplier performance, and difficulty in managing complex supply chains.

Supply Chain Efficiency 52

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

Empowering CPO

MAY 31, 2023

In essence, SRM is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. The main objective of SRM is to streamline and improve processes between a buyer and its suppliers. Now, what are the benefits of effective SRM?

Supplier relationship management 52

Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

IBM Supply Chain Blog

MARCH 29, 2024

The goal is to activate first-time buyers and then keep customers from switching to a competitor. Communicate mission and values Many customers, particularly millennials and Gen Z buyers, are more invested in an organization’s mission and values. Some of the steps to building an effective customer retention strategy are: 1.

Strategy 63

Strategy Purchasing Buyers Import 63

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Subscribe Here! Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Procurement Tactics

JUNE 30, 2023

This will eventually cause a negative impact in the lumber industry as the supply chain is plenty while the demand is below average. Furthermore, pandemic home buyers are expected to stay in their homes rather than move and buy expensive houses to keep their low mortgage rates.

Price 177

Price Suppliers Negotiation Quality 177

Empowering CPO

JUNE 14, 2023

They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Therefore, the success of supplier performance management directly affects the quality of the entire supply chain.

Suppliers 55

Suppliers Management Quality Import 55

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships. Sustainable/ethical procurement.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

ivalua

MAY 18, 2022

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers.

Suppliers 130

Suppliers Management Supply Chain Efficiency Collaboration 130

Value Match

SEPTEMBER 29, 2022

The Public Sector, at an aggregate level, is the single largest UK buyer of goods and services that are not consumer focused. From a procurement lens, this is not fulfilling the most basic obligations of delivering Value for Money, managing whole life costs, and delivering public services in an ethical and responsible manner.

Procurement 52

Procurement supply chain budgeting Ethics Supply Chain Efficiency 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. The role of a procurement professional, sometimes known as a purchasing agent or supply chain manager, is crucial in any organization.

Negotiation 40

Negotiation Strategy Procurement Import 40

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Procurement Software

MAY 23, 2023

Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings. Identify projects which help both improve supplier financial performance and deliver cost savings. Reduce Cost (yes, it’s always going to be our job!)

Procurement 52

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers 52

Slimstock

MARCH 26, 2019

This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Building and maintaining supplier relationships can streamline processes and improve your overall efficiency.

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Inventory 66