Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

ivalua

MAY 28, 2014

In my last blog post, “ Will your supply chain lead in the next decade? ,” I talked about Gartner’s first-day focus at their Supply Chain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supply chain organizations.

Supply Chain Optimization 100

Supply Chain Optimization Innovation Supply chain Cost of ownership 100

Supply Chain Game Changer

JULY 2, 2020

Subscribe to Supply Chain Game Changer. Order Management article and permission to publish here provided by Dave Joseph at veridian.info. An order management system (OMS) is the system of record for maintaining orders and handling inventory. follow these five best practices when looking to improve order management.?.

Management 54

Management Real-time Visibility Supply Chain Optimization supply chain software solutions 54

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Digital transformation of the supply chain will change everything – for the better.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Una

OCTOBER 12, 2023

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

JANUARY 14, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series here at Supply Chain Game Changer.

Leadership 66

Leadership Agile and Lean Supply Chain Supply Chain Optimization Supply chain 66

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

To succeed in this field, procurement professionals must possess a variety of competencies, ranging from negotiation and supplier management to risk assessment and financial analysis. Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Empowering CPO

JULY 16, 2023

Introduction Brief Explanation of Managed Procurement Services In today’s interconnected business world, the seamless acquisition of goods and services is paramount to the smooth operation of any organization. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

IBM Supply Chain Blog

JUNE 12, 2023

Done right, our take is that the cloud can deliver unparalleled benefits in performance and total cost of ownership without compromising resiliency, security and compliance. IBM believes that dependability, reliability and trust need to be at the heart of every cloud strategy. The future for financial services is bright.

Strategy 85

Strategy Cost of ownership Risk Data 85

IBM Supply Chain Blog

MAY 8, 2024

Today, our enterprise-grade platform is optimized to help clients manage mission-critical workloads while addressing resiliency, performance, security, compliance and total cost of ownership. ” – Tomas Alberola, Virtual Agents Manager, Masorange.

Cost of ownership 61

Cost of ownership Data Innovation Management 61

Supply Chain Game Changer

AUGUST 30, 2022

Subscribe to Supply Chain Game Changer. The Single Point of Failure in Supply Chain – Semiconductor Fabrication! Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. What is a Total Cost of Ownership Model?

Cost of ownership 103

Cost of ownership Supply Chain Optimization Procurement Price 103

IBM Supply Chain Blog

AUGUST 1, 2023

Here are five things you need to know about how IBM Cloud is helping clients make the right workload-placement decisions based on resiliency, performance, security, compliance and total cost of ownership. Addressing risks, evolving compliance standards and new regulatory dynamics in highly regulated industries Recently, the U.S.

Innovation 63

Innovation Cost of ownership Risk Data 63

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. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

NOVEMBER 24, 2023

While rebuild results in maximum benefit, there is a need for high degree of investment, whereas rehost is about moving applications and data as such to cloud without any optimization and this requires less investments while value is low. We will explore key areas of acceleration with an example in this article.

Real-time Visibility 89

Real-time Visibility Data Cost of ownership Strategy 89

Supply Chain Trend

DECEMBER 22, 2023

2% of managers apply best practice decision methods. We will decide and response faster in our supply chain and make higher quality operational and strategic decisions. I believe that soon enough it will become a must to provide new roles to young graduates for them to be interested in working in supply chain.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Supply Chain Game Changer

NOVEMBER 13, 2018

Strategic Sourcing is a proven approach to understanding and delivering significant cost reduction based on Total Cost of Ownership (TCO), building a sustained value – creating relationship with the suppliers and category spend reduction in order to create and sustain a competitive advantage. So what are the new realities?

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Una

JANUARY 8, 2024

We’re seeing the tactical, day-to-day aspects of procurement increasingly automated as artificial intelligence gets smarter, meaning an old-school purchasing manager risks obsolescence. The initial investment pays off not just in the quality of prints but in lower servicing costs and a nod to sustainability.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

ivalua

FEBRUARY 25, 2021

Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Supply Chain Game Changer

NOVEMBER 24, 2018

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action ” Interview series at Supply Chain Game Changer. I gave Brad that promotion into his first management job.

Leadership 53

Leadership Supply Chain Optimization Supply chain Cost of ownership 53

IBM Supply Chain Blog

NOVEMBER 8, 2023

I am excited to announce, therefore, that a few months ago I took on the role of IBM Power general manager. SAP is accelerating this journey by offering the current ERP, S/4HANA, as a managed service offering with SAP RISE. We also have a new release of AIX — AIX 7.3 Read more here.

Leadership 93

Leadership Data Cost of ownership Strategy 93

Supply Chain Game Changer

MARCH 12, 2019

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. We design forward and reverse logistics supply chains. How has Business and Supply Chain changed over the course of your career?

Leadership 43

Leadership Supply Chain Optimization supply chain software solutions Supply chain 43

Supply Chain Collaborator

FEBRUARY 24, 2017

Your TMS still requires too much manual intervention to manage exceptions in the freight payment process. So, even though it may be delivered in the cloud, the transaction-based pricing model prevents you from capturing the cost savings promised by SaaS delivery in the first place. But wouldn’t 75% to 90% automation be better?

Cost of ownership 60

Cost of ownership Bidding Logistics Price 60

IBM Supply Chain Blog

APRIL 5, 2024

Part 2 of this four-part series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management.

Data 64

Data Management Cost of ownership Budget 64

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 78

Category management Management Supplier relationship management supply chain software solutions 78

IBM Supply Chain Blog

AUGUST 11, 2023

But they are also focusing on cost allocation and expecting greater cost discipline from their CIOs and IT teams, leading CIOs to face increasing pressure to justify their expenditures and keep track of spending. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 75

Import Management Budget Real-time Visibility 75

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Subscribe Here! Email Address.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Cost savings: Digital procurement systems can help identify opportunities for cost reduction, enabling businesses to optimize their spending.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

IBM Supply Chain Blog

OCTOBER 27, 2023

Can’t he use only one management tool? Unified Endpoint Management (UEM) is a technology that provides one single platform to manage and protect all types of devices such as smartphones, tablets, laptops, desktops and IoT, running multiple types of operating systems from one single console throughout their lifecycle.

Management 81

Management Cost of ownership Inventory Data 81

IBM Supply Chain Blog

JUNE 30, 2023

To do that, technicians, facility managers, maintenance teams, reliability engineers and project managers need accurate, real-time information at their fingertips. Enterprise asset management (EAM) is an asset lifecycle management solution focused on optimizing the overall lifetime performance of assets from acquisition to end-of-life.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

IBM Supply Chain Blog

AUGUST 11, 2023

If your manufacturing processes have become more intricate and challenging to manage manually, an MES can help streamline manufacturing operations management, increase efficiency and reduce errors. MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing.

supply chain software solutions 68

supply chain software solutions Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 68

Una

SEPTEMBER 21, 2023

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. I just decided not to buy myself a Tesla Model S!” “…I don’t think that’s a cost saving.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

IBM Supply Chain Blog

APRIL 11, 2024

A proven solution with IBM Cloud: It is optimized for regulated industries , addressing the complex and evolving needs of the payments industry. Easily automate payments and manage cash across the SEPA zone by using your existing banks. IBM Cloud Satellite enables deployment anywhere.

Innovation 58

Innovation Cost of ownership Data Risk 58

IBM Supply Chain Blog

MARCH 14, 2024

The existence of data silos and duplication, alongside apprehensions regarding data quality, presents a multifaceted environment for organizations to manage. Also, traditional database management tasks, including backups, upgrades and routine maintenance drain valuable time and resources, hindering innovation.

Data 76

Data Innovation Cost of ownership Management 76