IBM Supply Chain Blog

FEBRUARY 13, 2024

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Zycus Cognitive Procurement

FEBRUARY 8, 2022

In today’s digitized environment, that true value of Procurement lies in becoming a strategic unit of the firm, which contributes towards growth and innovation. So how does AI help solve the procurement puzzle ? . This significantly reduces time spent on error detection and correction as well as saves the effort of all teams.

Real-time Visibility 40

Real-time Visibility Procurement Contract management Bidding 40

Bonfire

APRIL 3, 2023

As public procurement partners, we speak to many procurement professionals at public sector agencies, and we frequently hear one common refrain—that they feel imprisoned by their ERP. For many of them, their organizations have invested a lot of time and money in ERP systems that do many things well and are there to stay.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Empowering CPO

JULY 5, 2023

In an age where business operations are becoming increasingly digitized, procurement is no exception. Integrating technology into procurement processes is not just about keeping up with the times; it’s about realizing the potential for enhanced efficiency, accuracy, transparency, and strategic decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. These inefficiencies are not only costly, but they can trickle down and negatively impact purchasing and procure-to-pay processes.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s an important part of any organization’s financial management, as it helps identify wasteful spending and uncover potential savings.

supply chain budgeting 52

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

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization.

Agile and Lean Supply Chain 52

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

ivalua

JANUARY 12, 2023

As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy.

Strategy 130

Strategy Real-time Visibility Procurement Procurement team 130

Empowering CPO

JUNE 14, 2023

Definition and Purpose of Procurement Procurement is a multi-faceted function that goes beyond the simple acquisition of goods and services. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Spend Matters

FEBRUARY 22, 2024

Working within a resilient global supply chain results in complexities around basic matters like communication, time zones and languages, along with more challenging aspects like risk management, compliance and sustainability. Third-party risk management through a specialized vendor moves beyond the onboarding and intake process.

Supply Chain Efficiency 88

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 88

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ Source-to-Pay is typically broken into two parts – upstream and downstream. Downstream activities include e-procurement , purchase orders, invoice automation and accounts payable and payment processes.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Arkestro

JANUARY 9, 2024

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Reduce complexity. Get customized recommendations.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 16, 2023

Spend Analysis also plays a pivotal role in strategic sourcing and procurement optimization. In strategic sourcing, it provides key insights into supplier performance, contract compliance, and market trends, enabling procurement teams to select suppliers who offer the best value for money.

Procurement 40

Procurement Data Real-time Visibility Procurement strategies 40

SCMDOJO

AUGUST 21, 2023

This extensive reach provides businesses with the opportunity to connect with various demographics and target markets, enabling them to broaden their brand’s visibility and potential customer base significantly. His scope extends to creating procurement content, spanning from foundational concepts like “What is Procurement?”

Supply Chain Optimization 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Software

MAY 16, 2023

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Pipefy

NOVEMBER 24, 2023

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Empowering CPO

MAY 6, 2023

The Growing Influence of Technology in Procurement The rise of digital technology has had a profound impact on procurement, revolutionizing the way organizations manage their supply chains and make strategic decisions. By proactively addressing these risks, procurement teams can ensure a stable and resilient supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Procurement team Supply Chain Optimization 52

Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. The platform also offers supply and risk management insights.

Real-time Visibility 52

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

Procurement Software

FEBRUARY 6, 2024

Trackado Trackado is one of a few Nordic procurement startups based in Sweden. The company offers a simple and competitively priced contract management solution. These centralise all your company’s contract documents, giving you a top-down view of the entire contract portfolio.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Una

SEPTEMBER 22, 2022

Train members of your procurement team to gain a base understanding of IT language, along with the function’s challenges, priorities, and ways of working. Have procurement be a part of IT's planning cycles with monthly or quarterly touch points and proactively show IT what the function is capable of. Speak the IT language.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Empowering CPO

JUNE 25, 2023

It uncovers hidden costs, identifies maverick spending, and reveals patterns and trends in procurement data. By delivering a comprehensive overview of a company’s spend data, it helps procurement teams make informed decisions that align with the company’s financial and operational objectives.

Procurement 52

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

Procurement Software

FEBRUARY 20, 2024

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Una

JULY 6, 2022

A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. Benefits of a Group Purchasing Organization. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Pipefy

JUNE 15, 2023

Build a more efficient procurement with the Definitive Guide to P2P Optimization Download free guide What is cloud procurement? A cloud-based procurement system is a fully integrated solution that streamlines the way procurement teams operate and automate procurement processes.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Procurement Software

JULY 18, 2023

This is a great solution for either “lone ranger” procurement managers. Equally, it can help organisations that need a more structured sourcing process but without a dedicated procurement team in place. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

JANUARY 23, 2024

Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI. Inhubber enables you to create, sign and store contracts securely. It simplifies contracts, making them easy to understand, manage and interact with. Scalue aims to deliver total spend transparency.

Procurement 52

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

Empowering CPO

MAY 8, 2023

Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain. Types of Procurement Risks Supply Risks – Supply risks involve factors that can disrupt the availability, quality, or timely delivery of goods and services.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Supply Chain Game Changer

FEBRUARY 5, 2020

I will focus on Procurement for this article as it is the topic that I am most familiar and it seems even more relevant today as I build ProcurePro Consulting ( www.procurepro.ca). There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Now Systems.

Procurement 70

Procurement Agile and Lean Supply Chain supply chain budgeting Negotiation 70

Empowering CPO

JUNE 14, 2023

In the early stages, businesses primarily outsourced indirect procurement activities, such as office supplies or maintenance services, which did not directly impact their product or service offering. Partial Procurement Outsourcing: Here, only certain aspects of procurement are outsourced, such as strategic sourcing or contract management.

Procurement 52

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

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Digital procurement can be implemented using different technologies, which we will explore in detail later in this article. It can also provide real-time data and analytics.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Supply Chain Game Changer

DECEMBER 13, 2018

I will focus on Procurement for this article as it is the topic that I am most familiar and it seems even more relevant today as I build ProcurePro Consulting ( www.procurepro.ca). There are many reasons why Procurement Transformations fail, however, the below 3 keep coming up time and time again. Now Systems.

Procurement 59

Procurement Agile and Lean Supply Chain Negotiation Procurement team 59

Empowering CPO

JUNE 27, 2023

Improved Supplier Management: By analyzing spend data, organizations gain visibility into their supplier relationships and performance. This allows for more informed supplier selection, better contract negotiations, and enhanced collaboration with key vendors, ultimately driving improved supplier management.

Real-time Visibility 40

Real-time Visibility Data Quality Supply Chain Optimization 40