IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

ivalua

NOVEMBER 27, 2019

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. If Procurement follows a Strategic Sourcing process flow like a checklist, then all Strategic Sourcing projects will start and end in the same way.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Suppliers 147

Empowering CPO

FEBRUARY 11, 2024

Introduction In the ever-evolving landscape of procurement, organizations are turning to strategic sourcing services to navigate the complexities and achieve sustainable success. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. Let’s get started.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

ivalua

MARCH 18, 2021

Solution deployed in 10 days to improve direct material sourcing, increasing profitability. The platform was configured in 10 business days to deliver rapid value in the sourcing of direct materials. A reverse auction can be added to the process, managed by CKS as a trusted third party.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Empowering CPO

FEBRUARY 1, 2024

Introduction In the ever-evolving landscape of procurement, organizations are realizing that strategic sourcing is not merely a process but a comprehensive approach that can redefine the trajectory of businesses. Our approach encompasses the development and implementation of cutting-edge procurement dashboards and tools.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Value is usually secured via three implementation routes – internal business change, supplier management and sourcing. Business requirements.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

ivalua

JUNE 24, 2015

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. As a sourcing professional, big data can help you automate and streamline your job – if you have the right tools. So are you getting the most out of big data ?

Strategic sourcing 138

Strategic sourcing Strategic sourcing Data Sourcing 138

IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

ivalua

JUNE 26, 2023

Our team also welcomed MBDA, Ametek, Blue Crest Capital, Sainsbury’s, ISG, Genel Energy, and Motorola Solutions. They asked, what can organizations do to optimize their strategic sourcing processes? They asked, what can organizations do to optimize their strategic sourcing processes?

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

ProcurePort

JUNE 23, 2021

How has technology impacted procurement and sourcing in the supply chain? With increasing pressure to mitigate spend and streamline processes, Chief Procurement Officers have turned to digital sourcing and digital solutions for help. Technology has revolutionized every industry and procurement is no exception.

Sourcing 130

Sourcing Chief Procurement Officer Procurement Supply chain 130

ivalua

SEPTEMBER 20, 2021

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .

Contract 130

Contract Collaboration Sourcing Contract management 130

Spend Matters

NOVEMBER 2, 2022

Categories: E-Sourcing , Procurement Systems & Architecture , Sourcing , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. Read more. ).

Sourcing 74

Sourcing Strategic sourcing Strategic sourcing Ethics 74

ivalua

JULY 6, 2015

The strategic sourcing technology market is a crowded space. Walk the exhibit floor at the annual ISM conference and you’ll easily find more than 40 providers offering a wide variety of e-sourcing solutions. So how do you know if you have the right sourcing technology for your business?

Sourcing 138

Sourcing Strategic sourcing Strategic sourcing Suppliers 138

Spend Matters

JUNE 19, 2023

Spend Matters is featuring the top 5 digital capabilities of different procurement technologies and what functionality you can expect from average and top-performing solutions, leveraging its SolutionMap dataset. In this article, our analyst Bertrand Maltaverne looks at sourcing optimization.

Sourcing 72

Sourcing Bidding Price Suppliers 72

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

CPO Rising

SEPTEMBER 17, 2024

Join Ardent Partners and Market Dojo on September 26th (2 PM ET) for a discussion on Sprint to Sourcing Gold: Optimize Your Procurement Strategy.

Procurement strategies 52

Procurement strategies Chief Procurement Officer Sourcing Strategy 52

ivalua

MAY 9, 2023

There is quite a substantial effort to participate in a public tender process, so most vendors have a limit to how many unsuccessful tenders they are willing to respond to before giving up. In light of existing rules, vendors can deter competition by driving prices down in competitive tenders.

Procurement 246

Procurement Strategy Strategic sourcing Strategic sourcing 246

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. ” 30

Chief Procurement Officer 64

Chief Procurement Officer Supply Chain Optimization supply chain software solutions Supply chain management 64

Arkestro

MAY 28, 2024

Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses. Understanding the role of these documents during each phase of the procure-to-pay or source-to-pay process is a key step in designing an optimal and autonomous sourcing workflow.

Competitive bidding 52

Competitive bidding Strategic sourcing Strategic sourcing Procurement 52

ivalua

APRIL 2, 2019

Consus and Ivalua implemented and went live with the solution for Pacific Drilling in just two weeks. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Pacific Drilling has the most technologically advanced fleet of drillships in the industry.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Procurement Heads

DECEMBER 7, 2022

We have a two-sided consumer and merchant network and specialise in enabling businesses and consumers to connect and transact seamlessly through payment processing, digital wallets, and online cash solutions. The two key functional areas are strategic sourcing and category management. Then we also have vendor management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

ivalua

FEBRUARY 8, 2023

The pandemic saw incredible growth in this area and highlighted opportunities for improvement within procurement processes and procedures. As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Spend Matters

JULY 10, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. A collection of these quick takes, conference insights and solution comparisons is below. Vendors in focus in Q2 In Q2, Spend Matters published 16 Vendor Analyses as part of our Insider coverage.

Procurement 90

Procurement Management Contract Sourcing 90

Spend Matters

APRIL 10, 2024

This Spend Matters Vendor Analysis gives an overview of Matchory, a solution built to simplify and accelerate the supplier discovery process. The post Matchory: Vendor Analysis — Supplier discovery solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters.

Suppliers 75

Suppliers Supply Chain Efficiency Supply Chain Optimization Strategic sourcing 75

ivalua

OCTOBER 1, 2019

processes and solutions. Louis Wong, Solutions Consulting, APAC. For more information on Ivalua’s Solutions please visit: Learn More About Ivalua. Ivalua Strategic Sourcing. I valua Complete Source to Pay. Eric Seah, Sales Director APAC. IvaluProcure to Pay.

Strategic sourcing 153

Strategic sourcing Strategic sourcing Sustainability Sourcing 153

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

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 71

Strategy Strategic sourcing Strategic sourcing Management 71

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). Over $500 billion of goods flows frictionlessly through our Enterprise Commerce Network every year.

Chief Procurement Officer 52

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

World of Procurement blog

APRIL 24, 2024

In the intricate tapestry of the procurement process, early engagement is not merely a step but a fundamental strategy that can significantly shape the outcome. The role of procurement has evolved from transactional to strategic, signaling a transformative shift in its impact on business success.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Arkestro

JULY 30, 2024

Production to Order in the Automotive Industry Production to order is a manufacturing process where products are only created once a customer order is received. Production to Order and its Role in Procurement In the context of supply chain management, production to order significantly impacts the procurement process.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

Spend Matters

DECEMBER 22, 2023

This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them. Having the business user interacting with LLMs is only the first step.

Procurement solutions 75

Procurement solutions supply chain budgeting Procurement Budget 75

ivalua

JUNE 29, 2020

hospitals are overspending on supply chain products and related operations, processes, and procedures by $25.7 Add to this a set of complex and unique processes such as bill only transactions, which are often fairly resource intensive. Not to mention the automation of time consuming processes, tailored specifically for healthcare.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Spend Matters

APRIL 4, 2024

Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Meet AI’ In the ‘ Meet AI ’ series, the Spend Matters analyst team explored the implementation of AI in various segments of the procurement process. Not all implementations are the same, however.

Procurement 77

Procurement Risk management Raw materials supply chain software solutions 77