article thumbnail

How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. The role of procurement extends beyond transactional activities.

article thumbnail

The six strategic uses cases for AIOps

IBM Supply Chain Blog

You gain full-stack visibility to better understand your environment and speed up innovation. Next steps: Start by rethinking cloud operations See how legendary brand Carhartt achieved record holiday sales Explore cloud cost optimization with IBM Turbonomic 5.

e2e 56
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Depending on the specific needs of the client, the scope of contract logistics can range from managing individual aspects of the supply chain to offering full end-to-end solutions. These providers have established networks, infrastructure, and economies of scale that enable them to operate more efficiently and cost-effectively.

article thumbnail

The Role of Procurement Outsourcing Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

article thumbnail

Counterintuitive strategies to navigate the recession: Part 2

Zycus Cognitive Procurement

– Closely review the costs under any category labeled ‘Miscellaneous’ or ‘Others,’ as these often present the most significant opportunities for cost optimization. You may provide better demand visibility to the vendor partner. Reduce maverick spend. Repurpose skills & redeploy resources.

article thumbnail

The Role of Managed Procurement Services in Global Business Operations

Empowering CPO

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

article thumbnail

Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

6 procurement technologies to improve your business Transform analog, manual, and paper-ridden processes with end-to-end digitization and automation to improve security, visibility, and control with these six procurement technologies. Get accurate data to measure, control, and improve business cost optimization.