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. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Be flexible.

Procurement strategies 74

Procurement strategies Strategy Procurement Supply Chain Efficiency 74

Empowering CPO

JULY 2, 2023

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.

Risk management 40

Risk management Risk Suppliers Management 40

Empowering CPO

JULY 16, 2023

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

Empowering CPO

JULY 16, 2023

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

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

Pipefy

MAY 23, 2023

The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows. After all, it’s there to simplify and streamline.

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

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. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 86

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 86

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. . ProcureWare.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

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 62

Real-time Visibility Management e2e Supply Chain Efficiency 62

Pipefy

JANUARY 9, 2024

Because of this complexity, it can also be prone to errors, risks, and costly inefficiencies. The benefits include cost savings increase, better decision making and risk management. Smart procurement can leverage automation for processes like contract management, vendor management, request management, and procure-to-pay.

Supply Chain Efficiency 52

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

Procurement Software

MARCH 5, 2024

Their solution is made up of five modules: Payables Supplier management Analytics (spend, contract, and supplier intelligence) e-Sourcing Contract management Key Data: Founder / CEO: Vijay Caveripakkam Date Founded: 2019 Visit Raindrop profile in our Software Finder 4.

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

It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line. Globalization has made supply chains more complex and harder to manage.

Procurement 52

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

Spend Matters

JUNE 19, 2023

By generating these insights, spend analytics solutions proactively help reduce costs in the form of input costs and unnecessary consumption, mitigate both internal and supplier risk/non-compliance and design better processes, policies and practices. Additionally, top performers advance knowledge management via AL/ML or advanced algorithms.

Real-time Visibility 76

Real-time Visibility Data e2e Quality 76

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. Enhancing visibility and control. Managing procurement is a complex undertaking.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

JANUARY 23, 2024

If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database , with all data points searchable. 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