IBM Supply Chain Blog

OCTOBER 19, 2023

According to Gopal Chandak, FP&A Leader at Landmark, “The consolidation of the financial budget, cost allocation methods and standardization of common records posed as major obstacles. Because of this, the budgeting process was inefficient.

Budget 91

Budget Data Change management Innovation 91

Let's Talk Supply Chain

JUNE 5, 2023

Today I’m joined by Logward , an exciting tech brand with a vision of a future where supply chain departments lead the transformation of their industries, instead of simply transporting it. 09.56] What has, and hasn’t, changed in the last five years, and a look at today’s key challenges and trends. “I

supply chain budgeting 59

supply chain budgeting supply chain software solutions Supply Chain Optimization e2e 59

ivalua

JUNE 14, 2023

People: Engaging Stakeholders and Nurturing Change Engaging stakeholders early in the implementation process is crucial for gaining their support and supporting the change management process. Everyone is a contributor to change management A successful implementation engages everyone in the change management effort.

Procurement 239

Procurement Change management supply chain budgeting Supply Chain Optimization 239

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 56

Budget Data Cost optimization Collaboration 56

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. What is it that you think makes procurement and supply chain professionals good problem solvers?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Procurement Heads

APRIL 27, 2023

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. What is it that you think makes procurement and supply chain professionals good problem solvers?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply chain Stakeholder engagement 130

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Promoting Supply Chain Value.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain supply chain budgeting Supply chain Raw materials 84

Jaggaer

OCTOBER 24, 2024

With AI-enhanced transportation and logistics sourcing and procurement, you can streamline processes, reduce costs, and strengthen compliance for the most complex of categories. Real-time inventory management- powered by AI, increases your procurement team’s visibility into available inventory.

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Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Zycus Cognitive Procurement

JANUARY 24, 2023

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Still, 50-67% of the companies failed to change their risk management standards.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

MAY 23, 2024

The goal of supplier consolidation is to streamline procurement processes, reduce costs by leveraging economies of scale, strengthen relationships with top-performing suppliers, and drive performance improvements through better coordination. Working closely with fewer suppliers also enhances supply chain transparency and resilience.

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Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

TYA Suite

NOVEMBER 5, 2024

In recent years, artificial intelligence (AI) in procurement has emerged as a game-changer, redefining how organizations manage their supply chains, purchasing decisions, and. Cost Reduction and Spend Analysis One of the primary goals of procurement is to reduce costs without compromising quality.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Procurement team supply chain budgeting 40

Solvoyo

NOVEMBER 7, 2018

Supply Chain is a core business function tasked to manage multiple business operations such as production, inventory, order fulfillment, and transportation simultaneously. In fact, the supply chain people are expected to be super-heroes. How can they manage all this simultaneously?

Supply Chain Optimization 40

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 40

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 25, 2024

Successful implementation of BPR requires strong leadership, effective change management and a commitment to continuous improvement. Leaders, senior management, team members and stakeholders must champion the BPR initiative and provide the necessary resources, support and direction to enable new processes and meaningful change.

Supply Chain Efficiency 57

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 57

Supply Chain Game Changer

MARCH 18, 2021

Subscribe to Supply Chain Game Changer. Procurement professionals surveyed in the 2019 CPO Rising study responded that limited budgets and lack of modern procurement technologies were the top seen as the top 2 hurdles for achieving procurement objectives between 2020–2022 (CPO Rising 2019). Subscribe Here! Email Address.

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Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

TYA Suite

JULY 17, 2024

Incorporates digital procurement strategies to track and report sustainability metrics across the supply chain. Whether it's reducing costs, mitigating risks, or enhancing supplier diversity, a thorough comprehension of business needs guides the strategic direction of procurement initiatives. :

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Supply Chain Game Changer

MAY 12, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. He received his Engineering degree from Queen’s University which led to his initial career in manufacturing and supply chain at Celestica.

Leadership 66

Leadership Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 66

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management. Supplier innovation.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Una

OCTOBER 9, 2023

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Risk Management Strategic sourcing assesses and mitigates risks associated with suppliers, market volatility, and geopolitical factors.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management. Supplier innovation.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Empowering CPO

JUNE 14, 2023

Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Procurement Software

MARCH 7, 2023

Improvements to end-to-end supply chain efficiency. These must be taken into account in order to save time and reduce costs. End-to-end supply chain visibility ensures more synergy in cooperation. You should see it as an investment, not a cost. Simplicity is key here.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Empowering CPO

JUNE 22, 2023

It not only helps businesses to reduce costs and increase efficiency, but also strengthens supplier relationships, and enhances value creation. Through the process, they tackled strategic sourcing challenges related to spend management, strategic sourcing, supplier management, contracting, and change management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Software

JANUARY 16, 2024

And what if they were prepared to fight for it, instead of rolling over at the first sign of a budget cut? Very process-oriented and not agile or malleable at all. But they also fail because of lack of talent, lack of budget and lack of effective change management. That somebody is the CPO.

Procurement 52

Procurement Procurement team supply chain budgeting Budget 52

Procurement Software

DECEMBER 5, 2022

Improvements to end-to-end supply chain efficiency. These must be taken into account in order to save time and reduce costs. Nonetheless, these are the main advantages of using P2P and S2P software: Hard Cost Savings (H3). End-to-end supply chain visibility ensures more synergy in cooperation.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Finale Inventory

JULY 16, 2024

Efficient inventory management is key for businesses looking to optimize their operations and reduce costs. Implementing a centralized inventory management system that integrates with other business functions, such as sales and procurement, can provide a holistic view of stock levels and demand forecasting.

Inventory 52

Inventory Supply Chain Optimization Supply Chain Efficiency Quantity 52

Claritum

SEPTEMBER 27, 2018

The NfP also has a greater focus on adding social value to a supply chain. Whereas when we look at the goals and motivations of the FP sector (commercial businesses) there is more opportunity to re-define goals and change direction, with significantly less influence from external parties. 3 Financials. 7 Skills.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Initiatives are being put in place to make these statements a reality, but are these organizations agile enough to shift strategies, process and operations — for real? Procurement is a business function that has undergone a lot of change in the last few years. Subscribe Here!

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Advantages of digital procurement systems The digital transformation of procurement processes offers numerous advantages to businesses.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Trend

MARCH 14, 2016

As John Kotter indicates in his 8 steps for successful change, ‘communicating the vision clearly and often’ is vital for change management. With a S&OP communication plan, executives can inform, energize and re-focuses employees and call out for action to fill budget or strategy gaps. Improve Communication.

Supply Chain Efficiency 68

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain supply chain budgeting 68

Supply Chain Trend

JULY 28, 2018

And of these change failures, 70 percent are due to culture-related issues: employee resistance to change and unsupportive management behaviours. Despite this obvious importance of behaviours in change management, only 26 percent of practitioners indicate that behaviours are addressed enough in S&OP implementations.

Leadership 68

Leadership Supply Chain Efficiency Change management Real-time Visibility 68

Supply Chain Trend

JULY 28, 2018

And of these change failures, 70 percent are due to culture-related issues: employee resistance to change and unsupportive management behaviours. Despite this obvious importance of behaviours in change management, only 26 percent of practitioners indicate that behaviours are addressed enough in S&OP implementations.

Leadership 60

Leadership Supply Chain Efficiency Change management Real-time Visibility 60

Supply Chain Game Changer

NOVEMBER 11, 2018

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action” Interview series at Supply Chain Game Changer. I consider Paul to be an elite Supply Chain leader.

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Leadership Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 43

Pipefy

DECEMBER 18, 2023

The primary drivers of this strategic move heavily lean on increasing efficiency, improving productivity, reducing errors, and generating greater cost savings. Between this limited capacity and a need for agility, outsourced work primarily falls to strategic activities, transactional activities, and tech or support systems.

Procurement 52

Procurement Agile and Lean Supply Chain Procurement team supply chain budgeting 52