IBM Supply Chain Blog

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

Procurement strategies 65

Procurement strategies Strategy Procurement Supply Chain Efficiency 65

Procurement Tactics

APRIL 5, 2023

Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Thus, companies must start working on managing these risks by integrating sustainability that can help their procurement processes to be robust. CERTIFICATE COURSES Related courses about this subject 1.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

Skill Dynamics

APRIL 24, 2025

Equip your procurement professionals to think on their feet and act with precision when the landscape shifts. Supply Chain Academy Ensure supply chain agility with training in risk management, scenario planning, and responsive operations. When the rules change, your team is ready to navigate, not just stay afloat.

Strategy 82

Strategy Agile and Lean Supply Chain Cost of ownership Supply chain 82

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

A well-defined procurement strategy is the key to optimizing your procurement process. This strategy builds strategic partnerships, mitigates risks, and ensures a smooth flow of goods and services. This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2.  Menu Course Library 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Insights

MAY 14, 2025

Analyst Backgrounds Analyst Primary Focus Pieter den Hamer AI strategy, maturity models, governance, and enterprise-scale AI roadmaps. Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. Ramos: Generative AI can streamline supplier interactions (e.g.,

Supply Chain Optimization 59

Supply Chain Optimization Contract Supplier relationship management Procurement strategies 59

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. With JAGGAER, you can transform your procurement strategy and drive sustainable success in an increasingly competitive landscape.

Procurement 52

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

ivalua

MARCH 31, 2020

The research went on to reveal that more digitally “advanced” procurement departments are far exceeding “beginner” procurement departments that are less digitally mature in the range of KPIs they track, how frequently they measure success and the levels of planned technology investments.

Procurement team 47

Procurement team Procurement supply chain software solutions Spend management 47

Procurement Tactics

JUNE 28, 2023

Commodity Trading is also a vital aspect of the Global Economy; Providing price discovery, risk management, and efficient resource allocation. Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Raw materials 178

Raw materials Supply Chain Efficiency Price Market analysis 178

Spend Matters

MARCH 17, 2023

Indeed, procurement should no longer just look at its “part-time” job in risk management from the vantage point of only “supply risk," i.e., physical or labor supply risk. The other two key factors that procurement MUST manage from a risk perspective with its suppliers include the financial supply chain (i.e.,

Suppliers 104

Suppliers Management Procurement Risk management 104

Spend Matters

MARCH 22, 2023

Categories: Finance , Operations , Procurement Strategy & Planning Tags: procurement and finance , supplier risk management A bank is a supplier, albeit a highly strategic one.

Procurement 108

Procurement Procurement strategies Risk management Suppliers 108

Spend Matters

JANUARY 31, 2023

Categories: Diversity , E-Sourcing , Procurement Strategy & Planning , Supply Risk Management Tags: sponsored post Stakeholders of all stripes want companies to do more when it comes to promoting sustainability and combating climate change; that includes investors, employees, customers and those in the community said business serves.

Procurement strategies 104

Procurement strategies Risk management Procurement team Risk 104

Spend Matters

AUGUST 11, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Compliance/CSR Risk.

Risk 98

Risk Suppliers Risk management Procurement strategies 98

NLPA (Next Level Purchasing Association)

DECEMBER 11, 2024

If theres one thing weve learned in 2024, its that effective procurement strategies can make all the difference in a teams success. Whether its about navigating complex supplier relationships, managing costs, or preparing for unpredictable challenges, procurement leaders have shown that adaptability and innovation are key.

Procurement strategies 52

Procurement strategies Agile and Lean Supply Chain Strategy Procurement 52

Spend Matters

OCTOBER 18, 2022

Because of the work this achievement represents, we interviewed each vendor to learn what strategies or product enhancements it implemented over the past year and what its ambitions are going forwards.

Supply Chain Visibility 98

Supply Chain Visibility Risk management Supply chain management Supply chain management 98

Procurement Tactics

JUNE 5, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

supply chain budgeting 192

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 192

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Tactics

JUNE 6, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Supply chain 204

Supply chain Supply Negotiation Import 204

Spend Matters

AUGUST 17, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Compliance/CSR Risk.

Risk 98

Risk Supply chain Procurement strategies Risk management 98

Procurement Insights

DECEMBER 11, 2024

Data-Driven Decision Making** : The utilization of big data and analytics will be central to procurement strategies. Real-time data will inform sourcing decisions, risk management, and supplier relationships, leading to more informed and agile procurement functions.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Sustainability 59

Spend Matters

AUGUST 25, 2022

Over the coming weeks, our risk series will cover vendors within the following risk categories: Financial Risk & Supplier Risk. Supply Chain Risk. Supplier Management Non-Suites. Supplier Management Suites. Contract Risk Management. Compliance/CSR Risk.

Risk 98

Risk Suppliers Management Procurement 98

Procurement Insights

APRIL 18, 2025

This underscores the need for different procurement strategies, risk management, and technology solutions for indirect MRO spend versus direct materials 3 5. For computer parts, procurement strategies must account for rapid swings and external shocks, making timing and market intelligence critical.

Price 75

Price Demand Supply chain Real-time Visibility 75

Procurement Tactics

MAY 30, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Management 178

Management supply chain budgeting Procurement Negotiation 178

Zycus Cognitive Procurement

JANUARY 24, 2023

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Tactics

MAY 24, 2023

Negotiation Course for Procurement Learn from industry experts who negotiated billion $ deals 2. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

Value Match

JUNE 13, 2022

Procurement Best Practice. Procurement Policy Notes. Procurement Strategy. Responsible Organisational Management. What are the risks involved in your Supply Chain? The post Mitigating Supply Chain Risk Management in the Wake of the Global Food Crisis appeared first on. Legislation. Resourcing.

Risk management 52

Risk management Supply Chain Efficiency Risk Supply chain 52

Spend Matters

MARCH 16, 2023

An S2P suite automates spend/supply management processes primarily in procurement, accounts payable and inbound supply chain management, but also other areas within Legal (e.g., contract management), Finance (e.g, working capital management, treasury and FP&A), R&D (e.g.,

Supply Chain Optimization 97

Supply Chain Optimization Sourcing supply chain software solutions Procurement strategies 97

Procurement Insights

MAY 13, 2025

Analyst Backgrounds Analyst Primary Focus Pieter den Hamer AI strategy, maturity models, governance, and enterprise-scale AI roadmaps. Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. Ramos: Generative AI can streamline supplier interactions (e.g.,

Procurement 64

Procurement Supply Chain Optimization Leadership Real-time Visibility 64

Procurement Tactics

JULY 17, 2023

Lastly, contract management tools assist with risk mitigation and compliance. They send automated alerts and reminders for critical contract milestones and obligations, enabling proactive risk management and preventing costly penalties. CERTIFICATE COURSES Related courses about this subject 1.

Contract management 189

Contract management Contract Management Negotiation 189

Procurement Tactics

OCTOBER 18, 2022

Supplier relationship management software is an important tool as it gives companies a medium to create better communication with suppliers and provides crucial information to stakeholders. Thus, enabling them to make smarter decisions regarding procurement strategies. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Insights

APRIL 4, 2025

Below is a ranking from highest to lowest focus on procurement and supply chain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis. While supply chain is addressed, its secondary to procurement excellence, making it a top pick for procurement specialists seeking practical tools.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Procurement 52

Una

MAY 25, 2023

Only then will they begin to implement the right strategies to mitigate it's impact to the organization. How to identify procurement risks There’s no one-size-fits-all approach to procurement risk management. Risks vary dramatically in nature, so your response will need to be tailored to suit every scenario.

Purchasing 96

Purchasing Risk Management Procurement 96

Art of Procurement

JUNE 25, 2023

“Getting visibility into the n-tier is the silver bullet that makes procurement every organization’s hero or heroine because everything happens. The post [Pod] From C-Suite Priority to Procurement Strategy: Managing Risk at Scale w/ Gordon Donovan and Matthew Montgomery appeared first on Art of Procurement.

Procurement strategies 52

Procurement strategies Risk Strategy Management 52

Procurement Templates

APRIL 15, 2024

Managers with advanced degrees or specialized training may employ different strategies and best practices compared to those without formal education in procurement or supply chain management. Stakeholder input, expectations, and feedback can influence procurement strategies and decisions.

Influencing 130

Influencing Negotiation Risk Innovation 130

ivalua

MARCH 31, 2020

The research went on to reveal that more digitally “advanced” procurement departments are far exceeding “beginner” procurement departments that are less digitally mature in the range of KPIs they track, how frequently they measure success and the levels of planned technology investments.

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

Procurement Tactics

MARCH 23, 2023

Strong contract risk management Many procurement professionals give more attention to identifying the right suppliers and negotiating the terms and conditions of the contract. However, to have robust contract risk management, you must know the risk posed by the contract.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Procurement Templates

MARCH 6, 2024

Kiwi Procurement Analyst: Small but mighty, with a sharp eye for detail. They’re the analytical vitamin powerhouse behind our operations, crunching numbers and analyzing data to uncover cost-saving opportunities and optimize procurement strategies for maximum impact.

Procurement 130

Procurement Procurement team Negotiation Innovation 130