IBM Supply Chain Blog

FEBRUARY 5, 2024

Envisioned to comprehensively address information and communications technology (ICT) risk management in financial services, DORA aims to harmonize existing regulations across EU member states. Article 7 of the draft RTS delves into cryptographic key management, emphasizing the importance of lifecycle management for cryptographic keys.

e2e 74

e2e Data Risk management Risk 74

Spend Matters

MARCH 25, 2024

We recently spoke with Stuart Brock , founder and President of startup iKinetiq Innovation Solutions which helps procurement functions design the right strategy to optimize processes, gain deeper insights, and enable data-driven risk management with a focus on using AI technologies responsibly.

Procurement contracts 116

Procurement contracts Contract Procurement Negotiation 116

Spend Matters

MARCH 11, 2024

At Spend Matters, it’s as important for us to get to know the requirements and opinions of the procurement community of practitioners as it is for us to understand the world of tech solutions and their providers. David presented on the top P2P risks that all businesses should be looking out for.

Procurement strategies 98

Procurement strategies Innovation Strategy Procurement 98

IBM Supply Chain Blog

FEBRUARY 15, 2024

Kubernetes (K8s) containers and environments are the leading approach to packaging, deploying and managing containerized applications at scale. The dynamic, open-source , microservices-based configuration of Kubernetes can be a great fit for businesses that are looking to maximize infrastructure agility.

Real-time Visibility 74

Real-time Visibility e2e Data Networking 74

IBM Supply Chain Blog

APRIL 4, 2023

The Masters hybrid multi-cloud architecture allows them to harness data in real time, provides a common platform to build and manage applications and IT, and enables developers to build applications once and deploy them anywhere. Hybrid cloud technology can help organizations of all sizes, in any industry.

Innovation 57

Innovation Data Demand Sourcing 57

Procurement Tactics

AUGUST 23, 2022

Contract Management Process — Everything You Should Know. The contract management process is an essential part of the organization to handle contracts with its third parties. For this article, we will talk about what the contract management process is. So without further ado, let’s start uncovering contract management. .

Contract management 130

Contract management Contract supply chain software solutions Management 130

Procurement Tactics

OCTOBER 6, 2022

RFP in Project Management — Everything You Should Know. RFP in project management is an important part of the procurement process as it gives you relief once you finally submitted the finished proposal. However, how do you manage your RFPs in your company? . RFP in Project Management. Know the goal of the project.

Project management 180

Project management Management Bidding Buyers 180

IBM Supply Chain Blog

OCTOBER 26, 2023

That much investment has necessitated the FinOps movement , a cloud financial management discipline designed to bring financial accountability to the variable, consumption-based spend model of cloud. It’s a first step in bringing these two powerful solutions together. What’s next?

Cost optimization 74

Cost optimization Collaboration Data Innovation 74

IBM Supply Chain Blog

JANUARY 26, 2024

IBM® recently announced that it has worked with its business partner, Beijing Shuto Technology Co., With the professional ability and rich accumulation in the field of asset management, Shuto provides full-stack services of asset management (EAM) for hundreds of industry leading enterprises.

Quality 79

Quality Data Management Innovation 79

Procurement Templates

NOVEMBER 26, 2023

Different managers have different needs, and suppliers aren’t just faceless entities. Being able to differentiate what is being said, and what is meant, is essential in fostering a clear and open line of communication between management and suppliers. They need to be, with every transaction that crosses their desk.

Procurement 130

Procurement Influencing Negotiation Contract 130

SCMDOJO

MARCH 25, 2024

As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Gain a Solid Educational Foundation A solid educational background in supply chain management or a related field such as business, logistics, or operations management is crucial.

supply chain software solutions 85

supply chain software solutions Supply Chain Optimization Supply chain Supply 85

IBM Supply Chain Blog

FEBRUARY 13, 2024

Application performance is not just a simple concern for most organizations; it’s a critical factor in their business’s success. These experiences can make or break a business, that’s why prioritizing high performance among applications is non-negotiable. But a traditional observability framework is not needed.

Real-time Visibility 72

Real-time Visibility e2e Demand Data 72

Procurement Insights

NOVEMBER 23, 2023

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002).

Suppliers 62

Suppliers Buyers Risk management Supply Chain Optimization 62

IBM Supply Chain Blog

APRIL 18, 2024

While AGI remains theoretical, organizations can take proactive steps to prepare for its arrival by building a robust data infrastructure and fostering a collaborative environment where humans and AI work together seamlessly. NLP techniques help them parse the nuances of human language, including grammar, syntax and context.

Data 90

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 90

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

Procurement Tactics

AUGUST 19, 2022

Vendor Management Best Practices — The Ultimate Guide of 2022. Vendor management best practices are utilized to boost business growth and productivity. For this article, we will discuss what the best practices in vendor management are. What is Vendor Management? Risk management. Vendor sourcing .

Vendor management 130

Vendor management Management e2e Negotiation 130

ivalua

AUGUST 5, 2020

Unlock the power of AP automation and hit new heights in straight-through-processing by utilizing smart matching within one-click workflows that manage line level allocations and tax treatment automatically. With an AP-centric dashboard and powerful analytics, the team can monitor the business heartbeat within our AP Automation workflow. .

Budget 130

Budget Buyers Collaboration Purchase orders 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Following three years of studying international business, I had the option to choose across various specialisations for my Master’s degree and decided to try something completely new, which would sort of enhance my curriculum.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Following three years of studying international business, I had the option to choose across various specialisations for my Master’s degree and decided to try something completely new, which would sort of enhance my curriculum.

Agile and Lean Supply Chain 130

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

SupplyShift

FEBRUARY 6, 2024

Aligned with the World Business Council for Sustainability Development’s Pathfinder Framework, this tool not only gathers comprehensive carbon footprint data for any product, but also provides critical insights into data quality, methodology, and verification standards. Simply load suppliers and start collecting data.

Supply Chain Efficiency 52

Supply Chain Efficiency Quality Suppliers Data 52

ivalua

MARCH 17, 2021

Office of Management and Budget (OMB) estimates federal grants to states and local governments in FY2019 totaled nearly three quarters of a trillion dollars. In order to address broad, influential priorities like emergency management or public safety, administrations must find ways to deliver necessary funding. Reason No. Reason No.

Supply Chain Efficiency 130

Supply Chain Efficiency Management supply chain budgeting Budget 130

IBM Supply Chain Blog

JANUARY 11, 2024

Any interruption in their ongoing operation could be disastrous to the continued operational integrity of the business. To achieve business agility and keep up with competitive challenges and customer demand, companies must absolutely modernize these applications. But change is inevitable, as technical debt is piling up.

Data 109

Data Leadership Inventory Collaboration 109

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance. Here’s where attribution mapping comes in.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

IBM Supply Chain Blog

SEPTEMBER 6, 2023

When the market changes or a new opportunity comes up, businesses need the flexibility to adjust their financial plans quickly. While organizations gather data and undergo detailed reviews to craft a budget, the market doesn’t stand still. This data helps us understand earlier trends and is vital for making a realistic budget.

Budget 89

Budget Collaboration Data Strategy 89

The Procuretech Podcast

SEPTEMBER 28, 2021

In this episode, we're going to cover some of the different use cases for AI in the procurement space, and then dive into master data as a specific case study. Using AI to Clean Procurement Data. AI must be applied to specific fields to provide tangible solutions. Some examples of what AI can do in the Procurement space.

Data 52

Data supply chain software solutions Agile and Lean Supply Chain Category management 52

IBM Supply Chain Blog

MAY 25, 2023

It stands alongside IBM Consulting’s existing global AI and Automation practice, which includes 21,000 data and AI consultants who have conducted over 40,000 enterprise client engagements. At the same time, there are reasonable concerns about how to mitigate bias, manage data security, and factor in precision and risk.

Innovation 108

Innovation Ethics Collaboration Data 108

Procurement Tactics

SEPTEMBER 14, 2022

These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . Harness Data. Making data the heart of supply chain operations allows businesses to work more effectively and efficiently. . Practices to Increase Sustainability in Logistics Operation.

Sustainability 178

Sustainability Logistics Raw materials Supply Chain Efficiency 178

Procurement Tactics

AUGUST 31, 2022

E-invoicing, also known as electronic invoicing, is a form of billing presented to an organization in electronic format through predefined structured data exchange. . An e-invoice is coded according to data from the document and business rules. . E-invoice is a type of solution that is commonly applied in B2B transactions.

supply chain software solutions 130

supply chain software solutions Procurement supply chain budgeting Supply Chain Efficiency 130

Finale Inventory

NOVEMBER 27, 2023

It all starts with getting clean data into the system 1. Read-Only Data Import: We begin by pulling in data from your existing sources: spreadsheets and/or integration(s). Data Accuracy Check: With the data securely imported into Finale, we can thoroughly review and verify its accuracy.

Inventory 52

Inventory supply chain software solutions Supply Chain Efficiency Data 52

EazyStock

DECEMBER 14, 2020

Julie Kehrens, Manager of the Account Support Team at Brand Masters has put significant effort into implementing EazyStock in her company. Not only she has been heading up the implementation, but she has had a big influence on updating processes within Brand Masters. Title: Manager of the Account Support Team.

supply chain software solutions 52

supply chain software solutions Purchase orders Influencing Demand 52

Supply Chain Game Changer

DECEMBER 9, 2020

What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. There is a way to aggregate, organize and clean-up data without all the manual toil.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Arkestro

MARCH 27, 2024

Here are some of the typical day-to-day tasks of a procurement buyer in any industry: Supplier management: Building and maintaining relationships with suppliers, assessing their performance, and negotiating terms for contracts. Market analysis: Researching market trends, pricing, and industry events to make informed, data-driven decisions.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

SCMDOJO

AUGUST 21, 2023

In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. By utilizing TikTokers’ broad reach, businesses are transforming supply chains to establish deeper connections with their audience. That was fun, right?

Supply Chain Optimization 97

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

Supply Chain Game Changer

AUGUST 5, 2021

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own. Subscribe Here!

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Procurement Tactics

AUGUST 22, 2022

In this article, we will discuss what tail spending is and how you can manage it. We will also check why it is important to manage the tail spend of an organization. Not actively managed spend. Tail spend can simply be defined as any supplier that is not being actively managed by procurement. Editor's note: Hi there!

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

Spend Matters

AUGUST 3, 2022

eFlow, its S2C solution, is the cornerstone of that value proposition as it embeds a wealth of general and contextualized content and knowledge delivered and maintained by Efficio’s experts. Accommodate existing applications and external data/intelligence sources alike. via app marketplaces). via app marketplaces).

Sourcing 86

Sourcing Spend management Procurement supply chain software solutions 86

The Good Spending

APRIL 30, 2023

Contract Lifecycle Management (CLM) does the rescue by effectively managing contracts from initiation to execution and beyond. Typical misconceptions about Contract Lifecycle Management Despite many apparent virtues of CLM, several misconceptions often surround it. 1️⃣ CLM is only for large enterprises. ?

Contract 52

Contract Management e2e Negotiation 52