Remove Contract management Remove e2e Remove Quality management Remove Risk management
article thumbnail

How to build a successful procurement strategy

IBM Supply Chain Blog

Understand the organization’s needs—whether it’s increased sales, managing cash flow, shorter time-frames, improved forecasting, quality management or sustainability—and how they align with the overall business strategy and long-term plan. Be flexible.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

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.

article thumbnail

How Digital Procurement Tools Can Eliminate Busy Work

Procurement Software

Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. Blockchain can be used across various industries, including both finance and end-to-end supply chain management.