IBM Supply Chain Blog

DECEMBER 13, 2023

Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined. Procure-to-pay (P2P) software links procurement practices to accounts payable and can streamline steps such as supply management, purchase orders and invoicing. Be flexible.

Procurement strategies 72

Procurement strategies Strategy Procurement Supply Chain Efficiency 72

NLPA (Next Level Purchasing Association)

JULY 20, 2023

Contract Management: Effective contract management is essential for controlling spend and minimizing risks. Standardize contract templates, include clear terms and conditions, and define performance metrics and key performance indicators (KPIs).

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Additionally, organizations may struggle to manage their contracts effectively without contract management software, resulting in non-compliance and legal risks. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

SCMDOJO

APRIL 11, 2023

It covers the basics of procurement, including procurement strategies, contract management, and supplier selection. You’ll also learn about supply chain management and the various stages of the procurement process. Provides a solid foundation in the core principles of procurement and supply management.

Supply chain management 113

Supply chain management Supply chain management supply chain software solutions Supply chain 113

CPO Rising

JUNE 3, 2022

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

Spend management 52

Spend management Innovation Supply chain Supply management 52

Jaggaer

FEBRUARY 14, 2019

It is the essential link between all purchasing functions and accounts payable within an organization and includes essential functions such as supply management, requisitions, purchase orders, receiving, and invoicing. In the simplest of terms, P2P solutions deliver improved processes as it relates to purchasing.

Purchasing 49

Purchasing Sourcing Real-time Visibility Budget 49

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. It now plays a crucial role in cost savings, risk management, and value creation for organizations.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

OCTOBER 10, 2022

CSCP: Certified SC Professional CPCM: Certified Professional Contract Manager CPL: Certified Professional Logistician CPSM: Certified Professional in Supply Management SCOR: SC Operations Reference. Each of the certificates requires different experience levels and educational backgrounds.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Supply chain Supply 96

SCMDOJO

SEPTEMBER 18, 2023

Professionals in procurement are trusted with overseeing every aspect of sourcing, purchasing, and supply management, making their knowledge crucial in a variety of industries. It encompasses various functions, including sourcing, supplier selection, negotiations, and contract management. What is procurement services?

Procurement 97

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 97

Procurement Templates

APRIL 10, 2022

These meetings should be part of the contract management process, and while it may seem obvious what to do, it’s important to consider what you’re trying to achieve with these reviews. You may also like Team Meeting Agenda , High Performing Team , Purchasing Must Become Supply Management.

Purchasing 130

Purchasing Supply Chain Optimization Supply Chain Efficiency Supply chain 130

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing. Case studies on their website showcase integration with SAP specifically.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 69

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 69

Procurement Heads

JANUARY 4, 2023

So, before we’ve signed the agreement, my team ensures that we’ve got the correct service level agreements in place with suppliers that we subsequently performance manage. My team has regular governance meetings with our suppliers where we cover third-party risk management topics, performance, value and sustainability.

Supply Chain Efficiency 246

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Suppliers 246

Procurement Software

MARCH 5, 2024

The software was founded by a group of seasoned procurement professionals who have developed a full-suite spend management platform with two overriding principles: time to value and ease of use. FRDM FRDM is a software company specialising in supply chain risk management. The platform assists you in finding available parts.

Real-time Visibility 52

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

Empowering CPO

MAY 4, 2023

Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance. Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

NOVEMBER 28, 2016

Contract management. Supplier relationship management. Supplier risk and management. Procurement performance management. source: (p2) Supply Management – The dangers of tracklink indirect cost and tail spend. %. Outsourcing of non-core procurement activities. Spend analysis. Requisition to pay.

Procurement 50

Procurement Eprocurement Sourcing Networking 50

Procurement Templates

JUNE 18, 2023

Logistics and Transportation Management: Courses that delve into logistics and transportation management can provide valuable insights into managing the movement of goods, optimizing transportation networks, and understanding the logistical aspects of procurement.

Leadership 147

Leadership Procurement Agile and Lean Supply Chain Supply Chain Efficiency 147