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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. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

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The six strategic uses cases for AIOps

IBM Supply Chain Blog

AIOps helps you operationalize this approach by using data-driven cloud spend decisions to safely balance cost and performance. By using software—not people—you can take appropriate actions and give applications the resources they need when they need them.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

With the ability to handle huge volumes of data, operate 24/7, and continuously learn from experience, AI can bring new levels of speed, efficiency, and insight to procurement teams looking to transform strategic sourcing, supplier management, and end-to-end procurement processes.

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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. It eliminates waste and enables companies to manufacture products at lower costs.

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How to choose the best enterprise asset management software

IBM Supply Chain Blog

Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns. EAMs optimize the quality and utilization of physical assets throughout their lifecycle, increase productive uptime and reduce operational costs.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Purchase orders.

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Smart Procurement: Build More Agile and Efficient Processes

Pipefy

Following global disruptions that halted supply chains and shifted business models from reactive to proactive, smart procurement is essential for: Navigating business challenges Increasing transparency. For this reason, it’s important to choose a tool or software that allows for agile process customization.