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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Influence The Board by Mapping the value of procurement projects to business priorities.

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Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. By working with procurement, connecting disparate systems, implementing fraud controls for these specific areas, tracking end-to-end vulnerabilities across financial and operational processes is possible.

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How IBM is helping accelerate AI adoption and application centric connectivity

IBM Supply Chain Blog

This creates a consistent issue: IT teams struggle with delivering secure, predictable network connectivity that is required by their applications, and often have no idea how applications are connected to each other because they no longer control or manage the network resources.

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Advanced endpoint protection vs. risk-based application patching vs. laptop management: Similarities and differences

IBM Supply Chain Blog

In this day and age, it’s critical that organizations know about and manage all apps installed on their endpoints. Using multiple platforms to discover apps and manage laptops and mobile devices negatively impacts the IT and security team’s efficiency and productivity in continuous application patching.

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Debunking observability myths – Part 6: Observability is about one part of your stack

IBM Supply Chain Blog

In modern software and system management, observability goes beyond focusing on just one part of the stack. Technologies like distributed tracing and service mesh enable end-to-end visibility, allowing teams to understand request flows, identify latency bottlenecks and troubleshoot issues across different service boundaries.

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Gartner’s First Integrated S2P Report on The Evolving Landscape of Source-to-Pay Solutions

Procurement Insights

This shift responds to the growing need for unified platforms that provide end-to-end process visibility, essential for global corporations seeking to streamline their procurement operations. Vendors are investing heavily in these technologies to provide smarter spend management solutions.

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The Market Speaks: Procurement practitioner requirements and the tech vendor response — SAP

Spend Matters

We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. Additionally, nearly a third view category management as the top technological trend to implement in the coming year. Many thanks to SAP.