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

AUGUST 23, 2022

My name is Marijn Overvest, I'm the founder of Procurement Tactics. The contract management process does not get enough attention as much as supply chain management and process automation. Additionally, it plays a huge role in the relationship of the organization with everyone in its supply chain and market. .

Contract management 130

Contract management Contract supply chain software solutions Management 130

Procurement Tactics

MAY 24, 2023

Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. For example, you can ask a department head to provide feedback and scores for a software service used by their team. Procurement Strategy Course Take the lead with our proven 5-step procurement strategy 3.

Supply Chain Efficiency 186

Supply Chain Efficiency Vendor management Negotiation Quality 186

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . Businesses are either pausing staffing efforts or ramping up talent acquisition strategies depending on the industry. The Criticality of the Supply Chain (and Suppliers).

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

World of Procurement blog

MAY 8, 2024

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. The key elements of procurement strategy include: Aligning with Corporate Strategy Procurement strategy starts with understanding the overall corporate strategy and business objectives.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MAY 9, 2022

Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Here are 5 Key Advantages from using Supplier Relationship Management Software.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Here are 5 Key Advantages from using Supplier Relationship Management Software.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Planergy

MAY 8, 2025

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. What's PLANERGY?

Strategy 52

Strategy Real-time Visibility Procurement Agile and Lean Supply Chain 52

Procurement Templates

JUNE 18, 2023

Procurement professionals should consider diversifying their supplier base to have alternative options available. Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 107

Category management Management Supplier relationship management supply chain software solutions 107

Procurement Software

APRIL 23, 2024

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend.

supply chain software solutions 52

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

Procurement Insights

SEPTEMBER 17, 2024

Here are 10 of the top procurement blogs in the industry, known for providing valuable insights, trends, and best practices: Spend Matters One of the most influential blogs in procurement, Spend Matters covers a wide range of procurement topics, including technology, supplier management, and sourcing trends.

Chief Procurement Officer 69

Chief Procurement Officer supply chain software solutions Supply Chain Optimization Supply chain management 69

SCMDOJO

NOVEMBER 2, 2023

Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. They come from a variety of backgrounds.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

TYA Suite

APRIL 13, 2025

raw materials, software licenses). Some key objectives of purchasing include: Reducing expenses through competitive pricing and strategic sourcing. Minimizing supply chain disruptions and compliance risks. An automated purchasing system uses software to streamline procurement activities.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Procurement Tactics

JULY 14, 2022

A procurement service provider is a third-party firm or consultant which is hired to support the internal procurement departments. . These include strategic planning, supplier collaboration, implementing best practices , strategic sourcing , and negotiation. . Provides supply chain management.

Procurement 130

Procurement Supply Chain Efficiency Negotiation Strategic planning 130

Skill Dynamics

OCTOBER 19, 2023

Fine-tuning your procurement team’s capabilities enables them to meet the exact needs of their roles in your organization. This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more. This approach also helps with overall team development.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Spend Matters

JULY 10, 2024

Core Relish builds apps that strategically augment enterprise solutions, specifically offering one that addresses supplier information validation and enrichment and one that streamlines invoice digitization. SxM Matchory is a supplier discovery tool that aims to streamline the strategic sourcing process.

Procurement 116

Procurement Management Contract Sourcing 116

Jaggaer

JUNE 28, 2024

Riyadh, Saudi Arabia, 11 June, 2024: JAGGAER, the global leader in strategic sourcing and procurement, has held a series of roundtables in Saudi Arabia and the UAE to address the top priorities for Chief Procurement Officers (CPOs).

Chief Procurement Officer 52

Chief Procurement Officer supply chain software solutions Strategic sourcing Strategic sourcing 52

Pipefy

JANUARY 11, 2023

This shift has become necessary as procurement departments are tasked by management with new strategic duties. Procurement teams are now responsible for driving value, achieving sustainable results, and helping businesses maintain their competitive edge despite market shifts and supply chain disruptions.

Strategy 52

Strategy supply chain software solutions Procurement Agile and Lean Supply Chain 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Arkestro

SEPTEMBER 29, 2023

This approach leverages data science, machine learning, and automation to analyze large quantities of data and make procurement decisions with minimal human intervention. The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Procurement Software

JUNE 4, 2024

While procurement technology for indirect spend continues to flourish, we’re now also seeing a new wave of great tech platforms for direct spend and component parts. As supply chain technology improves for transportation, inventory management and warehousing, the procurement tools for manufacturing businesses now need to step up.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Una

NOVEMBER 29, 2023

This can include implementing a formal Supplier Relationship Management (SRM) program, sharing your strategy with key suppliers, collaborating on cost-saving initiatives, and ensuring a reliable and efficient supply chain. Develop contingency plans and strategies to safeguard your organization’s procurement operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 5, 2023

Businesses choose digital procurement because it reduces their dependence on spreadsheets and email threads, and because it standardizes their processes. Benefits of digital procurement. Businesses embrace digital procurement for many reasons. For example: the ERP system, SAP, Netsuite, and other finance software.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Una

JANUARY 1, 2024

There are dozens of excellent survey software alternatives on the market, ranging from webpage pop-ups to app-based mobile surveys and plug-ins for platforms like Slack and Teams. Get control of IT procurement Two key IT procurement challenges that will test your resolve in the new year are shadow IT and auto-renewing software subscriptions.

Procurement 52

Procurement supply chain software solutions Contract Purchasing 52

Empowering CPO

JUNE 9, 2023

They act as a navigational tool, guiding the procurement team towards the achievement of their strategic objectives. Understanding and implementing the right procurement metrics and KPIs can be the difference between a successful procurement strategy and one that falls short of its potential.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 17, 2023

Understanding Managed Procurement Services Definition and Explanation of Managed Procurement Services Managed Procurement Services (MPS) are comprehensive solutions provided by external organizations specializing in procurement processes and strategies.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

Empowering CPO

JUNE 27, 2023

At EmpoweringCPO, we recognize the transformative impact of spend analysis and are committed to delivering exceptional services and offerings to empower procurement professionals. With our deep expertise in the field, we enable organizations to harness the true potential of their procurement data.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Arkestro’s Predictive Procurement Orchestration (PPO) uses behavioral science, game theory and machine learning to ingest information to reveal insights that drive action for optimal results – so you don’t have to! We outline three of them below.

Sourcing 52

Sourcing Strategy Raw materials Supply Chain Optimization 52

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing Procurement: Challenges and Best Practices. Marketing procurement focuses on bringing in sales, where standard procurement focuses on things needed to keep the business running. Written by.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Una

JANUARY 8, 2024

The exciting news is that the obsolescence of the old-school procurement pro has made room for a new type of Sourcing Hero: The Value Creator. The Value Creator knows how to align procurement with business objectives and get the best possible impact from their procurement strategy.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain Purchasing 52

Empowering CPO

JUNE 16, 2023

This comprehensive visibility into an organization’s spend data is the cornerstone of strategic sourcing and purchasing decisions. Importance of Spend Analysis in Procurement In the context of procurement, spend analysis is an invaluable tool.

Import 52

Import Procurement Supply Chain Efficiency Real-time Visibility 52

Planergy

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Practical Applications of Pareto Analysis Tips for Conducting a Successful Analysis How Pareto Analysis Helps Your Procurement Strategy? How to gain visibility and control of your indirect spend.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Empowering CPO

JUNE 25, 2023

Procurement, in its simplest form, is the process by which businesses acquire the goods, services, or works they need from external sources. However, procurement goes beyond mere buying. In the context of procurement, spend analysis is like a compass—it helps businesses navigate the complex terrain of their spending habits.

Procurement 52

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