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How to build a successful procurement strategy

IBM Supply Chain Blog

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy.

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How Digital Procurement Tools Can Eliminate Busy Work

Procurement Software

It can help organisations reduce costs, optimise supplier relationships and increase compliance. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

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The Nature Positive Supply Chain!

Supply Chain Game Changer

Clearly these are breakdowns in end to end Supply Chain Management which impact on nature and our environment. A lack of business and government focus on managing impacts to nature will result in further, and irreversible, degradation to nature and to our biodiversity, and by extension to the global economy.

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The Reality of Automation in Procurement!

Supply Chain Game Changer

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.

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Business process management (BPM) examples

IBM Supply Chain Blog

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.