IBM Supply Chain Blog

JUNE 14, 2023

Hear expert insights and technical experiences during IBM watsonx Day Solving the risks of massive datasets and re-establishing trust for generative AI Some foundation models for natural language processing (NLP), for instance, are pre-trained on massive amounts of data from the internet.

Sourcing 91

Sourcing Data Bidding Quality 91

SCMDOJO

FEBRUARY 29, 2024

It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Managing and optimizing a supplier’s performance is as essential as it is difficult. Price isn’t everything.

Suppliers 55

Suppliers Management Quality Import 55

Supply Chain Game Changer

NOVEMBER 26, 2022

Oil Field Services and what they are. Why Solids Control is a Game Changer for the Oil Industry! The need for oil and gas on a global scale has grown during the last few decades. This is due to a number of factors, one of which being an increase in global economic activity. Here we present our Oilfields guide to Oil Field services.

Supply Chain Efficiency 70

Supply Chain Efficiency Price Quantity Supply Chain Optimization 70

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Benefits of Procurement Reports: Before diving into individual procurement reports, d iscover the benefits about procurement reports.

Supply Chain Efficiency 16

Supply Chain Efficiency Purchase orders Procurement Bidding 16

Spend Matters

JUNE 21, 2023

The Securities and Exchange Commission (SEC) requires companies to disclose material climate-related risks in their annual reports, such as the potential impacts of climate change on their operations, supply chains and financial performance. Now, we have updated TechMatch to refresh several participating vendors and include new ones.

Management 52

Management Supply Chain Efficiency Data Collaboration 52

Solvoyo

JANUARY 3, 2020

From a technical point of view, there is a need for a scalable digital platform that has a comprehensive and internally consistent data model for the entire value chain, including suppliers and customers. Allows future what-if scenarios. Therefore, I reject the idea that you can consider any computer model a digital twin.

Supply Chain Optimization 40

Supply Chain Optimization supply chain software solutions Supply chain Supply 40

Jaggaer

OCTOBER 8, 2019

So, what else has to happen? This is not simply about cost savings here and there (the traditional C-suite view of what procurement does) but driving value and making your organization more agile in an uncertain and rapidly changing world. It identified a couple of key challenges. Building a Successful Digitalization Roadmap.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Procurement Tactics

FEBRUARY 23, 2023

In this article, we will comprehensively tackle what negotiation is. In negotiation, there are three possible outcomes which are: Win-win scenario Win-lose scenario Both parties do not get what they want but shared all the variables in the negotiation equally One thing professional negotiators are always aware of is their optics.

Negotiation 130

Negotiation Influencing Strategy Import 130

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs.

Supply Chain Efficiency 139

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 139

The Good Spending

NOVEMBER 5, 2021

Procurement is on the journey from cost-cutting to value delivery Naturally, Procurement started in the lowest cost arena, where the cheapest bid wins. Lowest bid Supplier selection by the lowest bid is still the dominant approach in many companies, especially public ones. This method is simple, logical, and easy to implement.

Procurement 52

Procurement Bidding Supply Chain Efficiency Contract 52

Pipefy

JANUARY 31, 2023

B Bid A submission from a supplier or vendor containing a cost estimate for goods or services, usually in response to a business’ invitation to bid. Successful bids often contain the supplier’s past relevant projects as a proven track record of success and a detailed plan to deliver the product in a timely manner.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Planergy

AUGUST 8, 2023

They include: Open tendering Single-source procurement Two-stage tendering Restricted tendering Request for proposal (RFP) Request for quotation (RFQ) Your procurement team will determine which method to source goods and services based on what you need, when you need it, your budget, and other factors.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Planergy

JULY 21, 2023

Download Free Copy Services Procurement: What Is It and How To Manage It Written by Rob Biedron 15 min read Business Process Management (BPM) Process & Procedures Procurement Download PDF IN THIS ARTICLE What is Services Procurement? What Is The Difference Between Goods and Services Procurement? What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Pipefy

NOVEMBER 24, 2023

What are procurement tools? What are e-procurement tools? Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. Today, procurement tools are too useful and readily available to ignore.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Jaggaer

MAY 28, 2020

ThursdayThought : Bill Franklin of @Discover discusses aligning priorities between the financial and procurement teams and how best to communicate them: [link] #CFO #leadership #procurement pic.twitter.com/JL3MmizIQU. Elsewhere, the virus continues to spread and death tolls continue to rise. Establish Clear Cost Discipline Expectations .

Supply chain 52

Supply chain Procurement team Contract Supply 52

Procurement Software

JULY 4, 2023

But, by eliminating a lot of tactical workload, it can free up valuable resources to concentrate on what moves the needle. But, by eliminating a lot of tactical workload, it can free up valuable resources to concentrate on what moves the needle. What is digital procurement? What is procurement tech? Let’s explore how.

Supply Chain Efficiency 52

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

SCMDOJO

NOVEMBER 2, 2023

It guarantees the smooth movement of commodities, services, and financial resources, enabling businesses to flourish in cutthroat markets. Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. We introduce the top 20 supply chain specialist you should hire in this blog. With a Ph.D.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Claritum

AUGUST 28, 2018

Low bid with knowledge that over or false payments can be extracted. Low bid with knowledge that over or false payments can be extracted. Low bid with knowledge that over or false payments can be extracted. Companies not bidding. Eliminating or reducing competition. Biased supplier selection. Biased contract negotiation.

Suppliers 32

Suppliers Bidding Procurement Contract 32

Claritum

NOVEMBER 18, 2016

What’s going to drive through this initiative, perhaps when previous attempts have failed? Claritum Article - Procurement Blog. 1 A can do mind set in procurement. Tackling Tail Spend is not a quick and easy challenge. Don’t expect too many quick wins, but the prize is great enough – provided you have a Can Do approach.

Bidding 32

Bidding Suppliers Sourcing Quantity 32

Procurement Zen

MARCH 16, 2020

You open negotiations by stating what is impossible to you. If you want to discover the all negotiation tactics in one place, then you’ll LOVE this in depth guide. I selected and battle tested these 115 tactics myself. And you can go through the list and choose by when to apply them and how aggressive they are. Deal Design. Storytelling.

Negotiation 52

Negotiation Price Import Influencing 52