IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 86

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 86

SCMDOJO

MAY 6, 2022

Modern enterprises rely on supply chain software to track several activities, including manufacturing and distribution of goods. Many supply chain systems are closed-source, all-in-one, proprietary, expensive, and difficult to customize ( read Why ERP Sucks ). What are No-code Platforms?

supply chain software solutions 110

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 110

Supply Chain Game Changer

SEPTEMBER 22, 2022

Subscribe to Supply Chain Game Changer. Choosing suppliers. Fortunately, there are plenty of software Solutions out there to help streamline things and make it easier across the board. After that, a request for a proposal gets sent out to potential suppliers. Spend Visibility. Subscribe Here!

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. Supply chain optimization can achieve this with the help of data analytics. They can understand their supply chain operations with more precision. They can understand their supply chain operations with more precision.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This technology significantly reduces manual work, minimizes errors, and speeds up transaction times. Supply Chain Management (SCM) Software SCM software offers a comprehensive view of the supply chain, enabling companies to manage logistics, production, and distribution more effectively.

Supply Chain Efficiency 52

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

Skill Dynamics

OCTOBER 19, 2023

This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. Elevating Procurement Excellence Through Targeted Training Role-based procurement training is ideal because procurement and supply chain roles often come with role-specific challenges.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

World of Procurement blog

MAY 10, 2024

Conducting market research : AI can scan the web to collect pricing information, identify potential suppliers, assess supplier reputations, and keep up-to-date with market and industry trends. Enhancing contract management : Natural language processing enables AI to extract key data from contracts.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

APRIL 29, 2021

Subscribe to Supply Chain Game Changer. Supply Chain Investment Challenges – Real and Imagined! Intelligent Supply Chain technologies article and permission to publish here provided by Dan Weinberger , UN Supply Chain Expert and CEO of Morpheus Network. Subscribe Here!

Supply Chain Optimization 135

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 135

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). Supplier Master Files have changed, he said. Supplier Master Files have changed, he said.

Procurement strategies 93

Procurement strategies Innovation Strategy Procurement 93

World of Procurement blog

APRIL 23, 2024

Understanding Procurement Technology Procurement technology refers to the software and systems that automate and streamline procurement processes for businesses, covering everything from sourcing materials and services to managing contracts and analyzing spending. Software like Concord and Agiloft comes to mind.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

SCMDOJO

OCTOBER 14, 2023

Here, we’ll discuss how it becomes useful for SCMs and what are some blockchain supply chain examples. Understanding Supply Chain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supply chain.

Supply Chain Efficiency 89

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 89

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Procurement Software

MARCH 11, 2022

Procurement tools will plug those leaky holes in your spend with external suppliers. Here are just a few examples of how top procurement software solutions can move the needle and drive better results from your existing procurement team. Spend visibility i.e. through a spend analysis report or a spend analytics dashboard.

supply chain software solutions 52

supply chain software solutions Procurement Real-time Visibility Raw materials 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. You can unsubscribe at any time. Subscribe to news from Arkestro.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Arkestro

APRIL 25, 2023

The workforce shortage reached half a million this year , and many sectors continue to grapple with increased lead times, and volatile material costs. In fact, 71% of all companies said the cost of raw materials is the biggest threat to their supply chain in 2023. from February 2020 to August 2022.

Supply Chain Efficiency 52

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

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 97

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

Spend Matters

DECEMBER 21, 2023

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.

Procurement solutions 82

Procurement solutions Procurement e2e Real-time Visibility 82

Procurement Software

MARCH 26, 2024

This is where every month, we’ll ask the Founder or CEO of a procurement software company a few questions. Our aim here is to shine a light on some of the lesser-known solutions. This first one features Nick Verkroost, CEO of UK-based supplier data and SRM platform Canopy. Welcome to a new series of blogs!

Procurement team 52

Procurement team supply chain software solutions Real-time Visibility Suppliers 52

Jaggaer

NOVEMBER 12, 2019

Most software vendors have taken an applications-driven approach to delivering solutions. This has brought benefits but not sustainable value , especially when buyers have looked for “best-of-breed” point solutions with limited interoperability. Another disadvantage is that suppliers see little or no value.

Collaboration 78

Collaboration Suppliers Data supply chain software solutions 78

Una

AUGUST 2, 2022

According to Verified Market Research , the global procurement software market will grow from $5.5 Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Contract monitoring. billion (2020) to a projected $9.5 IoT proliferation. Self-service.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Pipefy

MAY 23, 2023

Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses. Savvy leaders are quickly adopting e-procurement solutions to lower the time, costs, silos, and strained supplier relationships that plague manual operations. Map process and approval workflows.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Empowering CPO

JUNE 26, 2023

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. Procurement data encompasses a wide range of information, including historical spend, transaction details, contracts, supplier information, and market intelligence.

Real-time Visibility 40

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

ivalua

AUGUST 5, 2020

Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. At each step of this Procurement process, data is gathered, suppliers are onboarded, and deliveries are accepted. Invoice to Pay from Ivalua.

supply chain software solutions 130

supply chain software solutions Real-time Visibility Suppliers supply chain budgeting 130

Empowering CPO

JUNE 27, 2023

By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.

Real-time Visibility 40

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

Empowering CPO

JULY 5, 2023

Our offerings, from spend analysis and sourcing support to contract and supplier management, are designed to optimize procurement operations, improve efficiency, and drive cost savings. The objective is to help businesses focus on their core competencies by transferring these complex, time-consuming tasks to experienced professionals.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

SCMDOJO

JUNE 14, 2023

As a result, businesses can optimize their logistics processes using Orchestration and save time and resources. This technology allows businesses to monitor their supply chain from order placement to final delivery in real-time. Automation eliminates manual intervention, reduces errors, and saves time and money.

Supply Chain Efficiency 78

Supply Chain Efficiency Real-time Visibility Supply Chain Optimization Logistics 78

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Planergy

MARCH 2, 2023

How to gain visibility and control of your indirect spend. Tail spend analysis helps companies identify areas of spend that are falling through the cracks and gain visibility into their overall spending. Tail spend is often unmanaged spend because it’s spread out across multiple departments and suppliers.

supply chain budgeting 52

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

HICX

DECEMBER 15, 2022

For this episode of the Supplier Experience Live Podcast, we were joined by David Yarkin , Founder and CEO of Procurated , and a former CPO. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers. However, this approach had its flaws.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52

Planergy

JANUARY 19, 2024

Modern Spend Management and Accounts Payable software. How to gain visibility and control of your indirect spend. Taking your time throughout the process ensures you get the best possible match. Read on to learn more about how effective vendor analysis can help you streamline your supply chain management efforts!

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 22, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Let’s look at our highly recommended small business inventory management tips! Subscribe Here! Email Address.

Inventory 98

Inventory Management Real-time Visibility supply chain software solutions 98

Jaggaer

JUNE 11, 2020

With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. Group, or link, suppliers for better supplier management.

Real-time Visibility 52

Real-time Visibility Procurement Spend management Supply Chain Efficiency 52

Empowering CPO

JULY 2, 2023

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. This involves everything from identifying requirements and sourcing suppliers to negotiating contracts, placing orders, and managing supplier relationships.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Software

JULY 11, 2023

In the best case, this leaves longer-term services contracts to be ignored beyond year 1 other than day-to-day management. In the worst case, this approach is wide open to front loading savings during the first year, resulting in increasing costs as the contract matures. In service industries, there’s no real viable alternative.

Procurement 52

Procurement Chief Procurement Officer Supply Chain Optimization supply chain software solutions 52