IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Lack of Visibility Beyond Tier 1. And, only 15% had visibility into tier 2 or beyond.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

MAY 23, 2023

Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. Carrying out this process manually makes it susceptible to bottlenecks — (one out-of-office manager can delay the order by days — and introduces costly errors and risks.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

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

Procurement Tactics

OCTOBER 18, 2022

Additionally, it allows managers to build better relationships with suppliers based on the importance of each supplier. . SRM is usually used by many supply chain professionals who constantly deal with suppliers in areas such as procurement, project management, and operations. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Spend Matters

FEBRUARY 22, 2024

With the advent of AI, and especially generative AI within that broader term, and the continued globalization of supply chains, the pace of change has sped up, forcing businesses and workers to adjust quickly. It’s no longer good enough to focus on just one area. That alone increases efficiency,” he continued.

Supply Chain Efficiency 83

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 83

IBM Supply Chain Blog

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

Real-time Visibility 58

Real-time Visibility Management e2e Supply Chain Efficiency 58

Pipefy

JANUARY 9, 2024

Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency. Internet of Things (IoT) IoT refers to the global network of smart devices that collect and share data.

Supply Chain Efficiency 52

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

Procurement Software

MARCH 5, 2024

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

Real-time Visibility 52

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

Pipefy

NOVEMBER 24, 2023

According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization. In fact, 98% have plans for investments or upgrades in analytics and insights tools, automation, and AI-driven optimization of purchasing decisions. What are e-procurement tools?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

JUNE 15, 2023

This is especially true for leaders and teams wanting to become much more agile and resilient in light of the challenges created following recent supply chain disruptions. Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement?

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Empowering CPO

JUNE 25, 2023

Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Globalization has made supply chains more complex and harder to manage.

Procurement 52

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

Pipefy

JANUARY 5, 2023

Build better procurement processes with the Definitive Guide to Workflow Management Download now. Digital procurement is the use of technology to optimize and automate procurement processes and workflows. Enhancing visibility and control. What is digital procurement? Benefits of digital procurement. Containing costs.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Spend Matters

JUNE 19, 2023

Data Modeling The ability to build more sophisticated analyses on cost drivers, demand, contracts, working capital, risk, supply chain and overall procurement performance while maintaining data that is flexible and rich enough to fully support this type of spend analytics.

Real-time Visibility 72

Real-time Visibility Data e2e Quality 72

Procurement Software

JANUARY 23, 2024

The 10 Hottest Germany-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI.

Procurement 52

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