IBM Supply Chain Blog

JANUARY 31, 2024

A sole-source strategy, on the other hand, is a situation where there is only one supplier for a particular product or service, negating the ability for businesses to choose alternatives. Global sourcing Global sourcing is sourcing goods or services from suppliers in global markets.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

Spend Matters

DECEMBER 22, 2023

We’re working with customers on GenAI event creation, sourcing of upcoming renewals, policy adherence, autonomous negotiations, contract renewals, RFP scoring and supplier engagement. We started getting hearing from companies of all sizes that wanted to explore using our Autonomous Sourcing for all types of spend.

Procurement solutions 112

Procurement solutions supply chain budgeting Procurement Budget 112

CPO Rising

JUNE 28, 2024

[Editor’s Note: Ardent Partners recently published its Procurement-themed report, “Procurement 2024: BIG Trends and Predictions.” Over the next few weeks, this site will feature articles highlighting the key discussion points from the report.

Chief Procurement Officer 40

Chief Procurement Officer Global sourcing Sourcing Procurement 40

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Category Management : Managing product or service categories as strategic business units. Global Sourcing : Navigating international sources of supply and understanding global market dynamics.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Category Management : Managing product or service categories as strategic business units. Global Sourcing : Navigating international sources of supply and understanding global market dynamics.

Procurement 52

Procurement Ethics Supplier relationship management Market knowledge 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Consider these courses and resources from NLPA: Data Analytics for Procurement Professionals Microsoft Excel for Purchasing Professionals Excel Basics for Buyers Strategic Sourcing Optimization: Justification : Applying strategic sourcing principles, including category management, supplier segmentation, and Total Cost of Ownership (TCO) analysis, optimizes (..)

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Arkestro

JULY 30, 2024

S2P stands for Source to Pay , a broader term that includes all activities from sourcing suppliers to making payments, encompassing strategic sourcing, contract management, purchasing, and payment processes. Ready to optimize your strategic sourcing process?

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Una

OCTOBER 17, 2023

Group purchasing can be used in conjunction with other procurement strategies , like strategic sourcing, for example. Strategic sourcing involves identifying and evaluating potential suppliers based on factors such as cost, quality, and reliability.

supply chain budgeting 81

supply chain budgeting Real-time Visibility Supply Chain Efficiency Supply chain 81

Empowering CPO

JUNE 30, 2023

They now encompass a wide range of activities including supplier selection and negotiation, contract management, risk assessment, spend analysis, and strategic sourcing, to name just a few. But in today’s complex business environment, procurement services have evolved beyond these basic functions.

Management 40

Management Procurement Supplier relationship management Supply Chain Efficiency 40

IBM Supply Chain Blog

JANUARY 16, 2024

This is where a product management team becomes increasingly important, as sourcing can require extensive collaboration between vendors and across multiple processes. In cases of complex global sourcing and manufacturing needs, a business may elect to use software or databases specifically built for the task.

Product development 74

Product development Strategy supply chain budgeting supply chain software solutions 74

Empowering CPO

JULY 5, 2023

It’s about being able to navigate the complex landscape of global sourcing, regulatory compliance, risk management, and more. We have helped businesses navigate the challenges of global sourcing, compliance, risk management, and more, delivering tangible results in terms of cost savings, process efficiency, and strategic value.

Management 52

Management Procurement Real-time Visibility Ethics 52

Procurement Software

JANUARY 23, 2024

Matchory Matchory is a German procurement startup offering a data-driven strategic sourcing solution. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it. Along with a cloud-based supplier search engine that aims to fully automate global sourcing.

Procurement 52

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