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. And for gen X, data protection is of the utmost priority; 87% say it’s the primary factor influencing their purchasing behavior. But the paradigm has shifted.

Strategy 87

Strategy Ethics Purchasing Data 87

The Thomas Blog

JUNE 22, 2022

To start, industrial businesses will need an effective online marketing and sales strategy to help them achieve their business goals — because the B2B buyer behavior has changed. Buyers want to know as much about you as they can to help answer these questions: Are you reliable? Be Where Buyers Search For New Suppliers.

Buyers 64

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

Supply Chain Game Changer

FEBRUARY 8, 2021

Subscribe to Supply Chain Game Changer. Because certain strategies directly affect your budget. You can create a sensation for your prospective buyers by having a goal-oriented advertisement. You should know that your color scheme can also influence your customers. appeared first on Supply Chain Game Changer™.

supply chain budgeting 53

supply chain budgeting Budget Quantity Strategy 53

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

Skill Dynamics

JUNE 15, 2022

Ethics practices influence the role of procurement professionals in many ways including; They could experience enormous pressure from internal and external forces to act in unethical ways as they often have control of the budget. This may affect buyer’s decision to evaluate and select a supplier. Conflict of interest.

Ethics 52

Ethics Procurement Suppliers supply chain budgeting 52

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Supply Chain Efficiency 90

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 90

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

Jaggaer

OCTOBER 8, 2019

With budgets not growing at an adequate pace, or even shrinking, procurement cannot deliver the value that digital transformation promises. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) This is precisely the approach that JAGGAER has adopted with the launch of JAGGAER ONE.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 76

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 76

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

The Good Spending

JUNE 15, 2022

New Tasks The first-time buyer seeks a wide variety of information to explore alternative purchasing solutions to their organizational task. Modified Rebuy A buyer wants to replace or amend a product used in the organization. Straight Rebuy The buyer routinely reorders a product with no modifications.

supply chain budgeting 52

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

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant!

Supply Chain Efficiency 138

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 138

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

Procurement Templates

JANUARY 17, 2024

How is this considered throughout the supply chain and reported at a senior level. Organisation undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts. undertakes a full assessment of the waste within the supply chain in relation to risk-based existing contracts.

Demand 130

Demand Management Buyers Purchasing 130

Procurement Software

OCTOBER 17, 2023

Fast Moving Consumer Goods FMCG businesses (or CPG to our American readers) are built on slick supply chains which foster brand value and delight customers. That’s why Procurement often sits within the Supply Chain function. This person can then influence and persuade the C-Suite directly.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

Strategic Sourceror

DECEMBER 16, 2022

While the higher price of borrowing money is largely to blame for the sales decline, the drop in starts has also been influenced by how much more it's costing contractors to build. "[B]y 2024, we will have seen three years of dramatic price escalation," Hardman told Supply Chain Dive. that month.

supply chain budgeting 57

supply chain budgeting Price Influencing Buyers 57

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

Procurement Software

JANUARY 23, 2024

It supports them in budgeting, requesting, and ordering articles and services for their business, while benefiting from better purchasing conditions. Budget management and control features allow for transparent presentation and allocation of budgets. This enables teams to make decisions and remain in control.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Slimstock

MARCH 26, 2019

With stats like that, it’s easy to see why customer satisfaction influences customer loyalty, retention, and even your ability to attract new customers. As international supply chain executive Sara Ireton indicates in Industry Week , it’s important to recognize “the success of one partner helps the success of the other.”

Procurement 66

Procurement Chief Procurement Officer Supply Chain Optimization Inventory 66

HICX

MARCH 30, 2023

The impact of supply chains on climate change (and the World Economic Forum’s view that reducing greenhouse gas emissions within in them could be a game-changer) means there has been increasing scrutiny in this area and it is attracting more attention from those business executives committed to climate action.1

Suppliers 52

Suppliers Supply Chain Efficiency Data supply chain budgeting 52

World of Procurement podcast

OCTOBER 11, 2021

Cause I, when I first started out, I was doing like commercial work, which was a bit more of the legal staff doing procurement and I left that role and became a, it was like a buyer lead, or some buyer role. So, I think that comes to the value of procurement is far beyond what the costs are. 00:11 Tom Mills Thanks, Daniel.

Procurement 52

Procurement Procurement team supply chain budgeting Supply chain 52

Claritum

AUGUST 28, 2018

Has a supplier extended a current supply contract to include additional items, services or functionality, again to avoid a competitive process? Often this is where a supplier has had undue influence over the specification and perhaps undue influence over an individual within an organisation who is specifying the requirements.

Suppliers 32

Suppliers Bidding Procurement Contract 32