article thumbnail

PROCUREMENT ROLES IN CAPEX MANAGEMENT

World of Procurement blog

An early-buyer-involvement in CAPEX management can help an organization to stick to the planning as per my following description. Let’s say that an organization and supplier(s) have to do a product development phase or discussion before supplier selection or order placement.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

Benefits: Automated claim processing Reduced processing times Enhanced visibility Compliance and risk management By automating routine tasks and implementing predefined rules, BPM enables timely compliance with regulatory requirements and internal policies. This accelerates time-to-market and reduces development costs.