Procurement Tactics

JULY 4, 2023

The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Insights

JANUARY 3, 2025

Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation. Analytics and insights from procurement data were minimal.

Agile and Lean Supply Chain 52

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

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Insights

MAY 3, 2025

Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supply chain management. It targets professionals seeking data-driven insights and innovative practices. SM Commodities Index with IHS Markit).

Procurement 40

Procurement Supply Chain Optimization Ethics supply chain software solutions 40

Spend Matters

FEBRUARY 5, 2025

While technology is at the heart of this shift, jumping on the digital bandwagon isnt always as simple as plugging in some shiny new software. Procurement has evolved from a back-office function to a strategic driver of innovation and value. Real transformation demands a mix of creativity, strategy and much patience.

Procurement 115

Procurement Change management Strategy supply chain budgeting 115

Supply Chain Game Changer

MAY 1, 2019

Subscribe to Supply Chain Game Changer. The Digital Supply Chain (SC 4.0) Article written for Supply Chain Game Changer by, and permission to publish here provided by, Andrei Klubnikin at at R-Style Lab. trillion on logistics and supply chain within the next five years. Email Address.

Logistics 98

Logistics supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 98

Procurement Insights

APRIL 5, 2025

Below is a ranking of the top 10 ProcureTech should-cost solution providersGEP, Zycus, Ivalua, SAP Ariba, Coupa Software, Jaggaer, Keelvar, Lytica, ProPurchaser, and Archletacross three criteria: length of time in business, company size, and top reason for dealing with each one. market share (Apps Run The World, 2023) lead.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Negotiation Supply Chain Efficiency 52

Planergy

MAY 8, 2025

Modern Spend Management and Accounts Payable software. 5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] What's PLANERGY? 9] Risk mitigation is another driver.

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. These four steps constitute the upstream source-to-contract part of the process.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. In the bullish case, the technological advancements will massively help us get there.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Agile and Lean Supply Chain 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

MAY 1, 2023

In this blog post, we will review the various methods of GCP cloud cost management, what problems they address and how GCP users can best use them. Let’s review how IBM Turbonomic helps customers optimize their GCP cloud costs. The only way to optimize horizontal scaling is to do it in real-time through automation.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

Procurement Insights

MAY 21, 2025

Budget Constraints Dynamic Cost Optimization: Autonomous agents analyze spend patterns, negotiate with suppliers in real-time, and reroute logistics during disruptions (e.g., tariffs, port strikes), reducing costs by 2030% (DND case study). There is more to e-procurement than software! mismatched orders).

supply chain budgeting 52

supply chain budgeting Real-time Visibility Stakeholder engagement Agile and Lean Supply Chain 52

IBM Supply Chain Blog

MARCH 6, 2024

Re-platforming With a re-platforming migration, some adjustments or optimizations are made to the applications before moving them to the cloud. Cost overruns Estimating and controlling expenses throughout a cloud migration and beyond is hard work.

Strategy 73

Strategy Price Data Cost optimization 73

SCMDOJO

MARCH 25, 2024

Nowadays, logistics landscapes and supply chain management are witnessing a breakthrough innovation: the automation of robots in warehouse operations. Global Supply Chain Complexities: Nowadays, global supply chains have been subjected to a heightened need for dynamism, responsiveness, and online visibility.

Supply Chain Efficiency 98

Supply Chain Efficiency Warehouse operations Supply Chain Optimization supply chain software solutions 98

World of Procurement blog

MAY 8, 2024

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.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

IBM Supply Chain Blog

AUGUST 8, 2023

Large organizations are comprised of many assets that require continuous monitoring to ensure optimal productivity. Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns.

supply chain software solutions 50

supply chain software solutions Management Real-time Visibility Supply Chain Optimization 50

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-8% via contract optimization. ingredients).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

TYA Suite

AUGUST 26, 2024

For small and medium-sized businesses (SMBs), optimizing procurement processes is essential for maintaining a competitive edge and ensuring operational efficiency. With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

IBM Supply Chain Blog

OCTOBER 3, 2023

Together, IBM Instana and IBM Turbonomic provide real-time observability and control that everyone and anyone can use, with hybrid cloud resource and cost optimization so you can safely automate to unlock elasticity without compromising performance. Ops teams can automate optimization to assure app performance at the lowest cost.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

IBM Supply Chain Blog

DECEMBER 13, 2023

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.

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Solvoyo

NOVEMBER 26, 2020

For omnichannel fulfillment to work effectively, there are many strategic, tactical, and operational supply chain planning decisions requiring advanced analytics. For demand forecasting and inventory optimization, order date and order location are required in addition to fulfillment date and location.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Inventory Data 52

IBM Supply Chain Blog

NOVEMBER 13, 2023

In this comprehensive guide, we will explore the intricacies of software modernization, its profound importance, strategies for successful implementation, potential challenges and the integration of new technologies. Like financial debt, it represents a trade-off between short-term gains and long-term costs.

Strategy 94

Strategy Quality Cost optimization Risk 94

Una

OCTOBER 17, 2023

This data-driven approach helps in making informed decisions, optimizing supplier relationships , and identifying cost-saving opportunities. They will be able to suggest alternative suppliers, forecast demand, and proactively identify potential supply chain disruptions, allowing organizations to take proactive measures.

Procurement 52

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

IBM Supply Chain Blog

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Agency for International Development’s Global Health Supply Chain Program.

Supply Chain Efficiency 99

Supply Chain Efficiency supply chain software solutions Data Supply Chain Optimization 99

IBM Supply Chain Blog

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Microservices support DevOps methodologies by speeding the development and deployment of software. to total $678.8

Strategy 91

Strategy Real-time Visibility Data Risk 91

IBM Supply Chain Blog

DECEMBER 11, 2023

Before cloud computing, organizations had no other option but to store data and run their software applications within a traditional IT infrastructure setting—a form of centralized computing comprised of on-premises data centers , servers, networking hardware and enterprise software applications.

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

IBM Supply Chain Blog

OCTOBER 17, 2023

This is achieved through application monitoring, and the use of application monitoring software. Understanding how each type works and the purpose served is the first step to identifying the software solution and strategy that best meets your organization’s needs. Also, find out what deployment options are offered.

Real-time Visibility 70

Real-time Visibility Networking e2e Data 70

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. We’ll also explain how today’s top procurement managers leverage new technologies to further optimize outcomes and streamline processes. from 2023 to 2030.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

IBM Supply Chain Blog

DECEMBER 20, 2023

AWS, Google Cloud Services, IBM Cloud, Microsoft Azure) makes computing resources—like ready-to-use software applications, virtual machines (VMs) , enterprise-grade infrastructures and development platforms—available to users over the public internet. Does your company need services to accelerate cloud migration ?

Strategy 93

Strategy Real-time Visibility Data e2e 93

Finale Inventory

JULY 21, 2024

By determining the optimal time to reorder products, you can ensure that you never run out of stock while avoiding excessive holding costs. Additionally, having an accurate reorder point helps eliminate unnecessary costs associated with excess inventory, such as storage fees and obsolescence.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Inventory Agile and Lean Supply Chain 52

IBM Supply Chain Blog

JUNE 11, 2024

Paths beyond VMware The impact of acquisition : A 2023 Forrester study (link resides outside ibm.com) predicts that 20% of VMware clients will move away from VMware stack due concerns around price increases, limited customer support and a mandatory requirement for subscription to software bundles —all of which are a result of the acquisition.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could license expensive project management software, only to find a fraction of employees were using it. IT cost management is not just a function of cutting costs, it also entails making smarter decisions that can increase revenue and, ultimately, profitability.

Import 74

Import Management Budget Real-time Visibility 74

Finale Inventory

AUGUST 14, 2024

Additionally, tracking assets provides a clear overview of your business’s financial health, aiding in making informed decisions on purchases, investments, and cost optimization. Asset management also optimizes your supply chain. Why Use a Spreadsheet Template for Asset Management?

Management 52

Management Inventory supply chain software solutions Supply Chain Efficiency 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. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

IBM Supply Chain Blog

JUNE 15, 2023

The data lakehouse architecture combines the flexibility, scalability and cost advantages of data lakes with the performance, functionality and usability of data warehouses to deliver optimal price-performance for a variety of data, analytics and AI workloads. This provides further opportunities for cost optimization.

Data 86

Data Price Sourcing Cost optimization 86