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Value - Procurement Framework in the Context of Servitization

The Good Spending

It refers to transforming traditional IT products into service-oriented offerings, wherein the focus shifts from merely selling hardware or software to providing comprehensive solutions and ongoing support. The concept of servitization recognizes that customers often seek outcomes or solutions rather than just products.

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For the planet and people: IBM’s focus on AI ethics in sustainability

IBM Supply Chain Blog

. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics Board member. Therefore, it is critical to design and manage systems sustainably.

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Ivalua Announces Carbon Footprint Innovation Cup Winners at Ivalua NOW 2022: How digitally enabled smart procurement can help organizations reduce scope 3 carbon emissions

ivalua

May 23, 2022 – Ivalua, a leading provider of Spend Management Cloud solutions, announced the winners of its Carbon Footprint Innovation Cup at its marquee annual event, Ivalua NOW 2022 in Washington D.C. Third place was awarded to the Bengs / e-Attestations team for their Carbonator solution. Redwood City, CA. About Ivalua.

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Watsonx: a game changer for embedding generative AI into commercial solutions

IBM Supply Chain Blog

Watsonx is comprised of three components that empower businesses to customize their AI solutions: watsonx.ai The watsonx platform, along with other IBM AI applications, libraries and APIs help partners more quickly bring AI-powered commercial software to market , reducing the need for specialized talent and developer resources.

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1998 to 2007 to 2024 DND, Virginia and Colgate-Palmolive’s Timeless Formula For Digital Procurement Success

Procurement Insights

Check out the three case references below to learn about the common thread of success over the past quarter century: 1998 – Department of National Defence – Are you chasing solutions or solving problems? There is more to e-procurement than software!

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Source-to Contract vs. Source-to-Pay (S2C vs. S2P)

Procurement Software

If we look at it in terms of software, there are significant differences between the features offered by Source-to-Contract software solutions vs. Source-to-Pay suites. Also, we’ll review to what extent some software suites can cover both S2C and S2P solutions. What does Source-to-Contract not involve?

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Using an Automated Procurement System at Your Business!

Supply Chain Game Changer

Fortunately, there are plenty of software Solutions out there to help streamline things and make it easier across the board. Using an automated system for procurement and procurement management is critical to succeeding in today’s business world. After that, a request for a proposal gets sent out to potential suppliers.