IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

Procurement Templates

MARCH 3, 2024

Check out my other page on s trategic sourcing A procurement assessment of needs is a systematic evaluation conducted by organizations to determine their requirements for goods, services, or works. This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Empowering CPO

MAY 5, 2023

Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. Procurement’s Role in Driving Business Success Procurement, often viewed as a behind-the-scenes function, plays a critical role in a company’s success.

Supply Chain Efficiency 52

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

ivalua

JUNE 4, 2020

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

Agile and Lean Supply Chain 173

Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency Supply chain 173

IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Sourcing 102

Sourcing Strategy Supply Chain Efficiency e2e 102

Arkestro

SEPTEMBER 29, 2023

Why is autonomous procurement important? Procurement teams run at the highest level of efficiency with autonomous procurement. It empowers procurement professionals to focus on high-yield, valuable work, rather than on routine and menial tasks. How can you leverage AI to optimize procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Skill Dynamics

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. 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

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Procurement Tracking is the process of monitoring and managing procurement activities. Procurement Tracking: Why is it Important?

Supply Chain Efficiency 178

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

Spend Matters

JANUARY 11, 2024

Procurement will step into the center of risk management As the risk landscape continues to change at an alarming rate, organizations can no longer afford to look at risk one dimensionally. At one time, this was acceptable; a financial profile or sanctions report was enough for an onboarding risk analysis.

Procurement solutions 77

Procurement solutions Procurement Risk management Procurement team 77

ivalua

APRIL 27, 2023

CTA April 28, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Those are three hot topics in the enterprise today.

Supply Chain Efficiency 130

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Sustainability 130

ivalua

APRIL 27, 2023

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. According to Supply Chain Now’s Greg White, the cracks have been exposed and there is nowhere to hide.

Sustainability 130

Sustainability Risk Supply Chain Efficiency Agile and Lean Supply Chain 130

Zycus Cognitive Procurement

DECEMBER 9, 2020

The pandemic has taught us supply chain professionals a precious lesson in supply chain risk management. The pandemic has put to the test, flexibility, adaptability, and resilience of supply chains. It exposed weak links in production strategies and supply chains of organizations.

Risk management 52

Risk management Risk Suppliers Management 52

ivalua

MARCH 16, 2022

Watch our Webinar Replay to find out more about the GAPS identified by PwC and some practical tips on how Procurement can take advantage of and help support changing C-level priorities. . The Digital Procurement Survey results established that Procurement’s priorities have shifted due in a post-COVID-19 world.

Procurement 130

Procurement Risk management Procurement team Risk 130

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. Assess and calculate the costs of procurement. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

Procurement plays a crucial role in the operational efficiency and sustainability of a business. From managing supplier relationships to ensuring cost-effective purchasing, the performance of the procurement function can significantly impact a company's bottom line and reputation.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

Una

MARCH 30, 2023

My CFO only cares about cost reduction This is a common excuse for procurement teams who are struggling to move the needle beyond cost reduction. Additional resource: How to Manage Procurement Risk with a GPO Sustainability Procurement can prioritize sustainable sourcing practices to reduce the environmental impact of the supply chain.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Procurement Leaders

MARCH 22, 2023

Could you share a little bit of insight about your procurement team structure, strengths and challenges? Three years ago, we finalised our structural transformation to a global category-focused team. We are in the middle of a period of rampant inflation, what are you doing differently to manage this environment?

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Supply chain Suppliers 130

Jaggaer

MAY 7, 2019

To address such risks, the Bank Recovery and Resolution Directive (BRRD), which gives central banks the power to intervene if a failing bank poses a public risk, is being adopted into national law of European Union member states. Procurement teams, therefore, have a vital role to play. Download it here now.

Supply Chain Efficiency 75

Supply Chain Efficiency Procurement Chief Procurement Officer Spend management 75

Procurement Tactics

NOVEMBER 23, 2022

It includes easy access to capital and markets, increased profits, improved brand image, gaining more customers, and better decision-making and risk management processes. . What is Sustainability in Procurement? Typically, corporate social responsibility is usually brought up when companies talk about sustainable procurement. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

Arkestro

OCTOBER 10, 2023

Experts are calling this era a “great compression,” where major players in the industry are forced to digitally transform, do more with less, and place a greater emphasis on operational and process efficiencies. As a result, the industry’s efficiency is falling while operational costs rise. trillion.

Agile and Lean Supply Chain 52

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

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.

Procurement 52

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

World of Procurement blog

APRIL 23, 2024

Procurement analytics is the process of collecting, processing, and analyzing data related to an organization's purchasing activities to improve efficiency, reduce costs, and provide valuable insights into supply chain operations. Descriptive analytics can help identify patterns and trends.

Procurement 52

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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality. This can also include economic instability.

Risk 52

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

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Procurement Heads

APRIL 26, 2023

For Procurement Heads ’ latest Big Interview, she spoke to Will Cooke about her career. How did you get into procurement? I studied procurement and obtained a Master’s degree in supply chain and international procurement. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

For Procurement Heads ’ latest Big Interview, she spoke to Will Cooke about her career. How did you get into procurement? I studied procurement and obtained a Master’s degree in supply chain and international procurement. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Software

APRIL 23, 2024

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. Sure, but it won’t be very efficient and it’s prone to human error.

supply chain software solutions 52

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

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

ivalua

AUGUST 16, 2021

A checklist guide to getting the most out of your supplier risk management program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .

Risk 130

Risk Suppliers Management Supply Chain Efficiency 130

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

IBM Supply Chain Blog

DECEMBER 13, 2023

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. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Spend Matters

JANUARY 25, 2024

I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment. These have traditionally been the primary value drivers and, in today’s economic environment, I see this continuing.

Procurement solutions 72

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 72