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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, blockchain-backed contract management, when combined with automation, creates efficiencies and offers a high level of security.

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How Managed Procurement Services Enhance Supplier Risk Management

Empowering CPO

One of the key areas we focus on is enhancing supplier risk management through our managed procurement services. Supplier risk management is an integral aspect of procurement, tasked with identifying, assessing, and mitigating risks associated with a company’s supply chain.

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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Contract Lifecycle Management Evisort , which was once a promising contract analytics upstart looking to disrupt the market with its strong AI and post-signature capabilities, has evolved into a well-rounded, end-to-end CLM provider that can compete for both mid-market and large enterprise customers.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

Contract Management Contract Management is tracking the contractual lifecycle, including contract creation, renewal, and termination dates. Compliance with the agreed terms and conditions of a contract, as well as respect for the obligations arising from it, shall also be monitored.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

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The Role of Procurement Outsourcing Services in Global Business Operations

Empowering CPO

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.