IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 102

Sourcing Strategy Supply Chain Efficiency e2e 102

Spend Matters

OCTOBER 23, 2023

In this Spend Matters Vendor Analysis we provide an overview of AnyData Solutions and its solution for spend analytics, contract management, supplier relationship management and ESG/performance tracking. In the world of business, procurement departments play a pivotal role in shaping an organization’s success.

Contract management 95

Contract management Contract Supplier relationship management Management 95

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Jaggaer

JANUARY 12, 2022

The post SGN Selects JAGGAER to Manage Sourcing and Contract Management appeared first on JAGGAER.

Contract management 52

Contract management Contract Sourcing Management 52

Spend Matters

MARCH 11, 2024

In this Spend Matters Vendor Analysis we provide an overview of VORTAL and its source-to-pay (S2P) solution. To overcome these challenges organizations often look for a technology solution that offers automation, centralized data management and streamlined workflows. This content is for members only.

Procurement solutions 103

Procurement solutions Sourcing Procurement Market analysis 103

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. S2P: Where to Start Ivalua provides a comprehensive set of integrated solutions that span the entire Source-to-Pay lifecycle.

Price 264

Price Strategy Sourcing Real-time Visibility 264

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. Asian Paints conceptualized a technology solution using Ivalua’s Supplier Information Management , Sourcing and Contract Management solutions to streamline the end-to-end contract management and sourcing processes. .

Contract 130

Contract Collaboration Sourcing Contract management 130

World of Procurement blog

JANUARY 12, 2022

Over Christmas, I started thinking about the top Contract Management trends for 2022. One general observation I have of us Contract Managers is that there is a fantastic opportunity to become more closely aligned with our Legal colleagues. I’ve been reviewing a lot of contracts.

Contract management 52

Contract management Contract Management e2e 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

ivalua

APRIL 25, 2023

Ivalua provides us with greater transparency and data-driven insights which will allow us to improve our sourcing decisions and contract management, and also optimize supplier management”, said Niklas Selle, Digital transformation lead in Supply Chain at Aker BP. “We Learn more at www.ivalua.com.

Contract 130

Contract Suppliers Supply Chain Efficiency Sourcing 130

Procurement Insights

DECEMBER 14, 2022

Titled “Moving Contract Management Beyond Dormant Enforcement,” I talk about the transformation of contracts from being a “tool of enforcement” to becoming a source of “actionable insight” to facilitate greater cooperation and success for buyer and seller. Justin Hiatt, Terzo.

Contract management 47

Contract management Contract Management Buyers 47

Value Match

AUGUST 11, 2022

Look to the future, long term contract needs, long term levers to manage the relationships and flexibility to adjust requirements and create commercial flexibility. For critical contracts, ensure there are executive sponsors and internal transparency around service and commercial performance.

Contract management 52

Contract management Contract Management Bidding 52

RPF360

DECEMBER 29, 2022

Procurement technology includes a range of interesting solutions including contract management, data sources, RFP management systems, spend analytics and more. Explore our favorite procurement technology solutions in this blog. The post The top 23 procurement technology tools for 2023 appeared first on RFP360.

Procurement 216

Procurement Contract management Contract Sourcing 216

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

ProcurePort

APRIL 13, 2021

Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. The post Category Management vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog. Both are valid options of developing […].

Strategic sourcing 130

Strategic sourcing Strategic sourcing Category management Sourcing 130

Arkestro

APRIL 25, 2023

Resources / Blog / Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Reducing Construction Costs & Improving Sourcing Efficiency with Predictive Procurement Construction companies face a host of challenges in the post-COVID era. What Procurement Challenges Do Construction Companies Face?

Supply Chain Efficiency 52

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

Spend Matters

APRIL 19, 2023

Categories: eProcurement / Procurement , Procurement Systems & Architecture , Sourcing Tags: PRO Public sector industries are certainly a different beast from their private sector cousins, and information technology is no exception. The public and government sectors’ practices, methods and procedures have specific characteristics.

Market analysis 66

Market analysis Sourcing Eprocurement Procurement 66

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Templates

APRIL 15, 2024

Stage 6: Risk Management Days 51-60 Risk Assessment: Conduct a comprehensive risk assessment to identify potential risks related to suppliers, contracts, and operations. Contract Management: Review and standardize contract management processes to improve compliance and reduce contractual risks.

Procurement team 130

Procurement team Contract management Innovation Suppliers 130

Procurement Tactics

MARCH 16, 2023

Category Management Category management sorts your spending into areas with the same supplier markets. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Suppliers 147

Procurement Templates

NOVEMBER 13, 2022

These are the 7 important steps in the procurement process: Step 0: Defining the need Step 1: Request to purchase Step 2: Pre- sourcing Step 3: Procurement process. Step 4: Evaluation and contract. Step 5: Contract management. Step 6: Invoice approvals and disputes.

Procurement 130

Procurement Contract management Contract Purchasing 130

Procurement Templates

NOVEMBER 13, 2022

Review the c ategory management opportunities. Execute the pre- sourcing steps. Undertake Sourcing. Carry out Contract Management. Procurement helps an organisation aggregate the spend to help create efficiencies. The first step is to pull a spend report. Make sure its strategic.

Procurement 130

Procurement Contract management Contract Sourcing 130

World of Procurement blog

APRIL 23, 2024

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Making : The manufacturing step where raw materials are converted into finished products.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Sourcing : Choosing suppliers that provide the goods and services needed to create the product. Strategic sourcing and cost management are integral parts of this phase to ensure the company remains cost-efficient and competitive. Making : The manufacturing step where raw materials are converted into finished products.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Spend Matters

MARCH 1, 2023

Categories: Contract Management , E-Sourcing , Procurement Systems & Architecture , Solution Providers , Technology Tags: PRO This addendum to the Spend Matters PRO Vendor Analysis for Raindrop and its source-to-pay (S2P) solution notes its newest capabilities and growth as of early 2023. Read on to learn more.

Contract management 76

Contract management Contract Sourcing Suppliers 76

Zycus Cognitive Procurement

JANUARY 12, 2021

What is Source to contract? Source to contract (S2C) refers to the set of procurement processes that come into play while sourcing a product or service. How is Source to contract affected during a crisis? How is Source to contract affected during a crisis? 2] Collaborative Sourcing.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

ProcurePort

NOVEMBER 3, 2021

Creating, negotiating, managing, and settling contracts is an essential part of any business. Contract management is also a critically underpinning element of sourcing in the supply chain. So, what are Contract Lifecycle Management CLM or simply contract creation tools?

Contract 130

Contract Contract management Negotiation Supply chain 130

CPO Rising

MARCH 10, 2023

The Best-in-Class contract management approach is multi-tiered, relying on an interconnected series of capabilities that ultimately drive visibility and insights and are founded on repeatable principles via the standardization, automation, and linkage of key processes (e.g.,

Contract 52

Contract Strategic sourcing Strategic sourcing Contract management 52

Una

APRIL 18, 2023

” In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Mark Trowbridge. Mark is an experienced procurement leader with a broad area of focus including sourcing, supply management, contracts management, supplier relationship management, risk management, and inventory management.

Risk 133

Risk Supplier relationship management Contract management Supply Chain Efficiency 133

Zycus Cognitive Procurement

FEBRUARY 21, 2022

Source to Pay is a complex initiative that can make or break your bottom line, depending on how you approach it. Furthermore, it’s important to recognize how source-to-pay automation is within reach for nearly every organization today. How to start source-to-pay automation from where you are right now.

Sourcing 40

Sourcing Real-time Visibility Supply Chain Efficiency Suppliers 40

Spend Matters

JANUARY 16, 2023

Categories: Analytics , Contract Management , Procurement Systems & Architecture Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of the software as a service (SaaS) management solution provider Tropic and its SaaS sourcing and procurement platform.

Procurement solutions 73

Procurement solutions Contract management Procurement Market knowledge 73

Procurement Tactics

JUNE 28, 2023

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.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

FEBRUARY 25, 2021

Creating Lasting Value Across Your Source-to-Contract Process. The source-to-contract process is where Procurement identifies and creates value for their organization. Join this session to learn more about: Running efficient sourcing projects and RFXs. Improving sourcing decisions and outcomes with optimization.

Category management 100

Category management Contract management Contract Negotiation 100