IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Strategic Sourceror

FEBRUARY 3, 2023

For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency.

e2e 67

e2e supply chain budgeting Supply Chain Efficiency Supply chain 67

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking: Why is it Important? These tools allow for automated, integration to suppliers and visibility in procurement data at any time.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

AUGUST 23, 2022

We will also discuss its importance and the stages of the contract management process. Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhanced contract visibility.

Contract management 130

Contract management Contract supply chain software solutions Management 130

Una

AUGUST 30, 2022

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. How to Optimize Your Spend with a Strategic Sourcing Process. Procurement Automation: 5 Tasks You Should be Automating. Better customer service.

Procurement 98

Procurement e2e Supplier relationship management Real-time Visibility 98

Jaggaer

OCTOBER 24, 2024

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. The importance of proactive engagement with suppliers should not be underestimated. To find the best value, your team can auto-score suppliers and receive automated event recommendations.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1.

supply chain budgeting 98

supply chain budgeting Procurement Supply Chain Efficiency e2e 98

TYA Suite

MAY 13, 2025

But what exactly does procurement operations mean, and why is it so important? Why its important: Correctly identifying the needs early helps avoid unnecessary purchases and ensures that the company isnt overstocked on items it doesnt require. The need is recognized and communicated to the procurement team to start the process.

Procurement 40

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 40

Spend Matters

SEPTEMBER 14, 2023

Risk reduction is especially important in the supply chain, where leaders are focused on supply and supplier transparency to assess vulnerabilities. Strategic sourcing remains critical, especially given our inflationary environment. Here are a few of the top concerns we’re hearing.

Procurement 116

Procurement Supply Chain Efficiency Category management e2e 116

Supply Chain Game Changer

NOVEMBER 16, 2022

The importance of digital procurement is increasing rapidly. It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Effectively managing vendor relationships enables the firm to satisfy important quality and cost requirements.

Supply Chain Efficiency 21

Supply Chain Efficiency Procurement Supply Chain Optimization Real-time Visibility 21

Jaggaer

DECEMBER 13, 2024

Or alternatively, as senior managers we only see the end results of procurement as figures on a spreadsheet or a financial statement, with little awareness of how they are arrived at and how they can be improved. To understand whats really going on we need, first, to step back and get a holistic view of the end-to-end process.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Empowering CPO

JULY 16, 2023

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

JUNE 14, 2023

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. ignoring the importance of data quality, 2. Spend analysis is necessary for strategic sourcing. focusing solely on cost reduction, 3. What is spend data?

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Procurement Software

MAY 16, 2023

It offers the full range of functions you need from an end-to-end platform: Strategic Sourcing Contract Management Procurement Accounts Payable automation Payments and Supplie Management Actionable Data Insights. They are not an end-to-end procurement software suite.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Software

MARCH 7, 2023

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Solvoyo

MARCH 29, 2020

Here are some observations and examples of support Solvoyo initiated: 1) Digital infrastructure is critically important! 2) Real-time visibility is extremely valuable during times of crisis! End-to-end scenario analyses require this visibility data as input. This one builds on the visibility level.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Solvoyo

MARCH 29, 2020

Here are some observations and examples of support Solvoyo initiated: 1) Digital infrastructure is critically important! 2) Real-time visibility is extremely valuable during times of crisis! End-to-end scenario analyses require this visibility data as input. This one builds on the visibility level.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Empowering CPO

JULY 16, 2023

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.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

JANUARY 11, 2023

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. Learn more about strategic sourcing optimization. Why is this important or necessary? Objectives.

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

HICX

AUGUST 4, 2022

We took the opportunity at World Procurement Congress 2022 to ask leading practitioners and supplier experience experts for their thoughts on what this means for how we work with suppliers and the importance of understanding the suppliers’ perspective. Consumer pressure and the importance of protecting the brand.

Suppliers 52

Suppliers e2e Real-time Visibility Collaboration 52

Procurement Software

DECEMBER 5, 2022

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Pipefy

JANUARY 4, 2023

That makes procurement automation more important than ever. At the same time, teams are expected to source and pay for these products and services with efficiency, speed and precision. That makes procurement automation more important than ever. For example, workflows such as sourcing , vendor onboarding, RFP, and P2P.

Procurement 52

Procurement Procurement team Purchase orders e2e 52

Pipefy

DECEMBER 20, 2023

Strategic procurement leverages data to reduce risks across the entire procure-to-pay process and identify opportunities for long-term and continuous forecasting and optimizations. This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 5, 2023

Other motives for automating procurement include solving for high error rates, reducing manual work, and adding visibility to the different workflows and processes that fall under the procurement process umbrella. Enhancing visibility and control. Enhancing visibility and control. Accelerating integrated procurement.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Supply Chain Game Changer

JANUARY 15, 2019

I asked them which industries will be most important to the 21 st century, and they kept telling me about Supply Chain – a topic that was as new to me as recruitment had been when I started! Tenacity and grit in today’s environment are more important than ever. It’s important to remember to have fun.

Leadership 55

Leadership Supply Chain Efficiency Supply chain management Supply chain management 55

Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Supply Chain Trend

DECEMBER 22, 2023

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. However, what we call this evolution of IBP is not important. For example a monthly triggered risk analysis (set of simulations) from your e2e supply chain. Having multiple options is an important element of decision quality.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Empowering CPO

JUNE 25, 2023

The industrial revolution in the 18th and 19th centuries marked a significant turning point, as businesses started to realize the strategic importance of procurement. Through tools like spend analysis, businesses can gain in-depth insights into their spending patterns, identify cost-saving opportunities, and drive strategic sourcing.

Procurement 52

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

Supply Chain Game Changer

NOVEMBER 10, 2018

What’s new is that it’s taken on a much greater urgency and importance. They may even take over the provisioning of an entire end-to-end solution. But when properly structured as an initiative to develop a key capability, it will not be insurmountable (no more so than developing strategic sourcing capabilities was 20 years ago).

Collaboration 78

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 78

Procurement Software

JULY 18, 2023

Procoto offers features including: Strategic sourcing Smart databasing Workflow approvals RFP management Data transformation The platform’s tools and analytics aim to level the playing field between small and large companies – giving leverage to SMEs. It gives you full visibility of your spend data, all in one place.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

World of Procurement podcast

NOVEMBER 7, 2021

You're not, in fact we believe in the importance of compliance. What we're trying to offer is effective from, I mean, not end to end, because we don't offer sourcing at this stage, but effectively end to end procure to pay solution for long tail. I think that's a good thing. Yeah, I agree.

Procurement 52

Procurement Suppliers supply chain software solutions Contract 52