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

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

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

Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

Procurement solutions 88

Procurement solutions Procurement supply chain budgeting Procurement team 88

Una

SEPTEMBER 6, 2022

Have you ever been asked to “do more with less” in procurement? Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Running a procurement function on a tight budget.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

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 97

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 97

ivalua

JUNE 26, 2023

Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

ivalua

OCTOBER 24, 2022

Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure.

Procurement 100

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 100

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. 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

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Spend Matters

JANUARY 9, 2024

More companies will buy versus build procurement solutions Companies will continue to leverage the evolving procurement-solutions market, rather than struggle to marshal internal and external resources to develop in-house solutions that aren’t scalable or sustainable. And let’s hear from Scott Macfee, CEO of SpendHQ.

Procurement solutions 89

Procurement solutions Procurement Procurement team supply chain budgeting 89

Supply Chain Game Changer

AUGUST 13, 2020

Subscribe to Supply Chain Game Changer. The Parallel Supply Chain … A Twilight Zone Strategy? Death of Global Supply Chains article and permission to publish here provided by Sam Jenks at kodiakrating.com. Is COVID19 the death of Global Supply Chains? Subscribe Here! Email Address.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 121

Procurement Tactics

JULY 4, 2023

The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Tactics

JULY 23, 2023

For example, the procurement team looks at their office supplies and finds some outdated technology accessories and too many stationery items that they rarely use. This involves closely aligning procurement with production requirements, and procuring materials and supplies in quantities that meet immediate production needs.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

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

Arkestro

JULY 6, 2023

Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same issues are major pain points for procurement teams today. million cars from production due to ongoing supply chain issues and semiconductor shortages.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Procurement 52

Arkestro

NOVEMBER 14, 2023

Getting a Thanksgiving dinner from farm to table is an intricately complex affair for food and beverage procurement teams, with supply chain shortages, inflation, and rising food costs affecting consumer decisions all playing a part. Supply chain, logistics, and supply all dictate how the market price shapes up.

supply chain budgeting 52

supply chain budgeting Food and Beverage Supply Chain Supply Chain Optimization Procurement 52

Arkestro

JUNE 20, 2023

Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. By implementing the right strategies, CFOs can reduce costs while still maintaining high quality standards. With 36% of leaders prioritizing AI implementation in finance [1].

Procurement strategies 52

Procurement strategies Supply Chain Efficiency Strategy supply chain budgeting 52

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Most procurement and supply chain professionals are adept at keeping an open mind.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Most procurement and supply chain professionals are adept at keeping an open mind.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Stakeholder engagement Supply chain 130

Una

AUGUST 9, 2022

Organizations in every state, however, are still faced with challenges related to ongoing supply chain disruptions and skyrocketing inflation, both byproducts of an unprecedented black swan event. Industries seeking a new cost reduction strategy. but face higher costs in doing so.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

Arkestro

JANUARY 18, 2023

Since raw materials are expensive—accounting for anywhere from 50% to 70% of sales revenue for chemical companies —procurement is in the spotlight. Reducing costs in the industry by even a fraction has a huge impact on profitability. This means procurement will need to be innovative.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Arkestro

MAY 9, 2023

Yet challenges like the COVID-19 pandemic, global supply chain disruptions, and the economic downturn have all limited and slowed down the next phase in procurement transformation. As an increasing number of companies prioritize cost containment, the pressure is on for procurement.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Optimization Procurement team 52

Spend Matters

JANUARY 17, 2024

In this Spend Matters Vendor Analysis, we give an overview of ChAI, a pricing/market intelligence solution built to provide procurement teams with deep insights into the evolution of commodities. Understanding the evolution of commodity prices is crucial for procurement professionals.

Raw materials 56

Raw materials Supply Chain Efficiency supply chain budgeting Strategic planning 56

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

ivalua

JANUARY 31, 2022

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . The Criticality of the Supply Chain (and Suppliers).

Procurement 130

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

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way.

Risk 52

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

Procurement Software

JANUARY 16, 2024

Could more visionary procurement leaders be the cure for procurement teams not getting the recognition they deserve? It’s time to start replacing the technocratic, process-obsessed procurement teams. We must usher in a more visionary and value-focused group of procurement leaders and CPOs.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Procurement Software

APRIL 23, 2024

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. This functionality ensures that procurement teams can respond swiftly and effectively to changing market conditions, enhancing their strategic impact.

supply chain software solutions 52

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

Empowering CPO

MAY 5, 2023

In essence, procurement serves as the backbone of an organization’s supply chain, contributing to cost savings, risk management, and supplier relationship management. As a result, effective procurement is crucial to maintaining a competitive edge and supporting overall business objectives.

Supply Chain Efficiency 52

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

Spend Matters

DECEMBER 22, 2023

2023 proved to be another challenging year for procurement professionals. With the geopolitical environment continuing its downward pressure on global supply chains, the economic volatility further cemented any cost-cutting measures that were already in place. For example, imagine you’re looking for a fence repair.

Procurement solutions 82

Procurement solutions supply chain budgeting Procurement Budget 82

SupplyShift

APRIL 15, 2020

The supply chain is often cited as one of the areas where companies have significant challenges in managing and reducing emissions. For lots of businesses, most emissions lie within the supply chain, and as such, these emissions are beyond a company’s direct control (Scope 3).

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply chain Supply 52

SupplyShift

APRIL 15, 2020

The supply chain is often cited as one of the areas where companies have significant challenges in managing and reducing emissions. For lots of businesses, most emissions lie within the supply chain, and as such, these emissions are beyond a company’s direct control (Scope 3). Complexity.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply chain Supply 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings. please visit: [link].

Procurement 164

Procurement supply chain budgeting Procurement team Supply chain 164