IBM Supply Chain Blog

JANUARY 16, 2024

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.

Product development 78

Product development Strategy supply chain budgeting supply chain software solutions 78

ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

Supply Chain Game Changer

MARCH 26, 2019

In my Manufacturing experience the Procurement function was essentially split between Commodity Management (or Strategic Sourcing) and Tactical Buying. The Commodity Manager would be responsible for the entire strategy for buying their respective Commodity. Commodity Management. cables, plastics, semiconductors, etc).

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

Empowering CPO

JUNE 30, 2023

These services can range from strategic sourcing and supplier management to purchase order management and invoicing. In an era where efficiency, cost-effectiveness, and strategic value are paramount, managed procurement services play a vital role. So, let’s dive in! What Makes Up Managed Procurement Services?

Management 40

Management Procurement Supply Chain Efficiency Strategic sourcing 40

Empowering CPO

JUNE 14, 2023

It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. This could involve joint product development, shared risk and reward models, or long-term partnerships.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 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. What type of value?

supply chain budgeting 52

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

Let's Talk Supply Chain

JANUARY 9, 2023

15.34] A deeper dive into TraceGains Gather, a marketplace that invites customers to “experience sourcing nirvana.”. 19.56] A closer look at TraceGains’ configurable solutions for product development, which support customers in creating new formulas and finished goods. Let’s just get all these companies to connect.”.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Food and Beverage Supply Chain supply chain software solutions Supply Chain Efficiency 52