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. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 89

Procurement Tactics

DECEMBER 7, 2022

It optimizes the cash flow that enables the business to lengthen its payment terms to its suppliers while providing an option for when a supplier will be paid. While suppliers can gain quick access to money the buyer owes them, the latter can get more time to pay their balances. Ultimate Supplier Plotting Checklist 2022.

Supply Chain Efficiency 181

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 181

Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. AI-powered source-to-pay is the future At GEP, we leverage proprietary AI algorithms to streamline all procurement processes.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Procurement Tactics

AUGUST 19, 2022

You will also know how important vendor management is for the organization to manage its suppliers. . For starters, vendor management is used to describe the processes used to manage their suppliers or vendors. . Through their quotes, you can compare their prices. It guides hiring managers to know the best supplier. .

Vendor management 130

Vendor management Management e2e Negotiation 130

Procurement Leaders

JUNE 13, 2022

Supply chain resiliency is also a critical objective for HS2, as the industry contends with challenges including commodities, hyperinflation of material prices, deficits in skilled labour and changing consumption habits. Engaging with suppliers to collect the necessary data. Developing a risk methodology to assess suppliers.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract e2e 130

Spend Matters

FEBRUARY 13, 2023

Even if logistics teams are more responsible for operational fulfillment, procurement still has a massive impact on it in terms of the initial design of the supply network (Design For Supply) and in the contracting of conditions (prices, Incoterm, MOQ, etc.). Read more. )

Risk management 74

Risk management Supply Chain Optimization Risk Supply chain 74

Spend Matters

OCTOBER 4, 2023

The power of supplier diversity in procurement: Driving business success through inclusion — Whether they are carrying out their own CSR strategy or responding to third-party initiatives and demands, businesses have their role to play in encouraging greater diversity among their suppliers.

Procurement 89

Procurement e2e Contract Sourcing 89

Arkestro

DECEMBER 12, 2022

Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases. Supply Chain Visibility. Managing Supplier Relationships.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Empowering CPO

JULY 2, 2023

Yet, the intricacies of this process, especially in terms of supplier management, can present a myriad of challenges. One of the key areas we focus on is enhancing supplier risk management through our managed procurement services. Despite its significance, managing supplier risks effectively is often a complex task.

Risk management 40

Risk management Risk Suppliers Management 40

Arkestro

JUNE 6, 2023

Purchase Price Variance: How efficient is the procurement team at negotiating on price? Limited Risk Transparency When it comes to where the majority of direct spending comes from, 70% of CFOs feel they have good visibility into top tier suppliers. Plus, our tool is proactive.

Supply Chain Efficiency 52

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

Barkers Procurement

JANUARY 26, 2024

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Stakeholders are becoming more demanding, and both suppliers and procurement functions are finding themselves managing more ESG priorities and having to meet more requirements.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

Barkers Procurement

JANUARY 26, 2024

Strong wage increases may place firms under pressure to raise their prices for goods and services, which could put more of a squeeze on procurement budgets. Stakeholders are becoming more demanding, and both suppliers and procurement functions are finding themselves managing more ESG priorities and having to meet more requirements.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Procurement e2e 52

SCMDOJO

FEBRUARY 6, 2024

To mitigate the issues of the end-to-end supply chain and cope with customer expectations, organizations are constantly focusing on reducing the delivery lead time. Many times, suppliers also send the wrong materials unintentionally. Any of these mistakes lead to a variation in inventory.

Inventory 85

Inventory Supply Chain Efficiency e2e supply chain software solutions 85

Procurement Software

APRIL 4, 2023

To maintain our place in the spotlight, these digital procurement software platforms must optimise the user experience for the end user. That applies to both your internal stakeholders and suppliers. However, the end user and the supplier must also be placed at the centre of the user experience.

Procurement 59

Procurement e2e Purchase orders Buyers 59

Barkers Procurement

AUGUST 2, 2023

with over 80% of categories experiencing pricing pressures. Questions such as: What vulnerabilities do current suppliers have? What are the events impacting the end-to-end supply chain? How are suppliers managing the Cost of Goods Sold (COGS)? These issues can be summarised by: Inflation continues to remain high.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement e2e Agile and Lean Supply Chain 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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

AUGUST 19, 2022

CLM involves the end-to-end tracking of product, payment, rebate, and delivery information in the supply chain. CLM enables businesses to move away from traditional systems like spreadsheets and hard drives and gives them complete visibility on contracts and agreements at any time. The bottom line.

Contract 97

Contract supply chain budgeting Management Supply Chain Efficiency 97

Let's Talk Supply Chain

JUNE 27, 2022

Price Stabilization, Legislation, And The Shift Towards ESG. Human rights groups and news reports have linked many multinational companies to suppliers there. Brands like Coca-Cola and Nike will now have to spend a vast amount of money scrutinizing their supply chains and potentially finding new suppliers. It’s time for a plan.

Import 52

Import Supply Chain Efficiency Agile and Lean Supply Chain e2e 52

Spend Matters

OCTOBER 26, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. So, if you automate this end-to-end process, and in each step of the process you have a 20% chance of misinterpretation, at the end it’s either approximately right or precisely wrong.”

e2e 88

e2e Strategy Procurement team Procurement strategies 88

Procurement Heads

JUNE 22, 2022

I really started to cut my teeth on the whole end-to-end category management and the industry as a whole, the progression was natural for me. It is a vibrant time but it is also challenging, prices are going up and we are still expected to make savings, it is good we have never had such a focus as a team, but it can be tough at times.

e2e 130

e2e supply chain software solutions Supply chain Suppliers 130

Jaggaer

OCTOBER 22, 2020

In our poll, webinar participants saw business partnering, supplier innovation and collaboration, and supply chain risk management as their key areas of focus for procurement. Moreover, the bank lacked any collaborative supplier relationship management or sourcing tool.

Strategy 52

Strategy Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Supply Chain Game Changer

AUGUST 3, 2021

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. procurement techniques) as opposed to educating the next generation of leaders equipped with the broadest possible set of management and leadership skills to run the entire end to end operations of a massive global company.

Supply Chain Efficiency 119

Supply Chain Efficiency Supply chain e2e Real-time Visibility 119

Supply Chain Game Changer

JULY 2, 2021

As detailed in a New York Times analysis of the crisis, these shortages are raising prices for many common household goods, contributing to inflation. And these these issues reverberate up and down the wider economy – something that’s a boon for shipping companies amounts to price and availability shocks for consumers.

Agile and Lean Supply Chain 105

Agile and Lean Supply Chain Supply Chain Efficiency e2e Supply chain 105

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.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

SCMDOJO

JULY 24, 2023

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. Suppliers and Manufacturers: Suppliers and manufacturers are the entities that produce or provide the goods needed by the shippers.

Contract 91

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 91

Supply Chain Opz

MARCH 6, 2015

As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. Typically, total cost, quality, and delivery performance appear as critical factors in the supplier selection process. Skill gaps will continue to be a challenge for companies.

Supply Chain Optimization 111

Supply Chain Optimization Supply Chain Efficiency Supply chain e2e 111

SCMDOJO

JUNE 21, 2023

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS providers typically use advanced technologies like artificial intelligence, machine learning, and blockchain to improve visibility, traceability, and collaboration across the supply chain.

Supply Chain Optimization 91

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 91

Supply Chain Trend

OCTOBER 25, 2023

However, one McKinsey study found that 7% of CPG companies apply end to end autonomous planning. For sales, promotional plans and prices can be automatically adjusted in some circumstances. Sourcing could change suppliers, contracts, or interchangeable materials to get a better COGS and ESG score. Some go as far as 80%.

e2e 88

e2e Supply Chain Efficiency Supply Chain Optimization Leadership 88

Zycus Cognitive Procurement

NOVEMBER 29, 2022

Engage with your vendors and suppliers to work through the contract review process with a win-win mindset. E.g., you may offer your vendor partner higher business volumes (through consolidation) in exchange for better price or payment terms. You may provide better demand visibility to the vendor partner.

Strategy 52

Strategy Real-time Visibility Contract e2e 52

Supply Chain Game Changer

NOVEMBER 19, 2018

The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues. End to End Supply Chain Visibility and the Internet of Things (IoT). Supply Chain can low costs and increase pricing and margin.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Finale Inventory

JUNE 29, 2022

Supplier Constraints. You likely have to work with a supplier for at least some part of your product. Sometimes, a supplier can cause issues in your workflow that end with you having an inventory surplus. Sometimes, the government will cause a shortage if they impose a price ceiling on a product or another intervention.

Inventory 52

Inventory supply chain software solutions Demand Price 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Yet it is managed by one or two people, with no support, and no visibility from upper management. Supply chain visibility is also incredibly important these days. You can not get this visibility without a plan. Supplier Management. There have been no efforts at supplier consolidation or performance management.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) Connect the dots between processes, your teams, and the suppliers to ensure that data flows smoothly. This will play a vital role in making organizations more agile and reducing supplier risk. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

IBM Supply Chain Blog

SEPTEMBER 27, 2021

As the price for goods – and for shipping and delivering goods – goes up, it leaves less room for discounts and sales, two traditions during past holiday seasons. Consider supplier alternatives. Be ready for them by taking steps like adding extra staff to handle increased sales volume. Rethink promotions. IBM Sterling.

Real-time Visibility 52

Real-time Visibility Supply Chain Optimization Inventory e2e 52

Pipefy

JANUARY 31, 2023

Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment. This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

Procurement Software

JULY 25, 2023

Plus, we can also perform the entire end-to-end research, due diligence and hold your hand during the sourcing process for your procurement software. It doesn’t start with the RFI and finish at the end of the hyper care period. And let’s not forget suppliers. Speak their language. Avoid acronyms and procurement-speak.

Procurement 52

Procurement Budget Data Suppliers 52

Zycus Cognitive Procurement

JULY 27, 2021

3) Tighter end-to-end integration enables fully automated processes, lower operating costs, reduction in FTEs etc. Supplier information, transaction history, and past orders can easily be mapped and enable better decision making. Supplier information, transaction history, and past orders can easily be mapped.

Procurement 40

Procurement Real-time Visibility Chief Procurement Officer e2e 40