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. Their business model was very complex, and it required massive data volumes to be processed.

Budget 91

Budget Data Change management Innovation 91

Spend Matters

MARCH 25, 2025

However, when it comes to procuring third-party software, data and professional services, AWS Marketplace is the dedicated platform designed to support businesses in building and running their digital infrastructure. 4,000+ data products available through AWS Data Exchange. More than 20,000 public listings across 70 categories.

Procurement solutions 96

Procurement solutions Procurement Purchase orders Data 96

Procurement Insights

MARCH 2, 2024

One of them was finding out what the three lowest priorities are on most IT budgets. Correct me if I am wrong, but I am hearing a great deal about data – and more specifically, clean data. Correct me if I am wrong, but I am hearing a great deal about data – and more specifically, clean data.

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Skill Dynamics

MARCH 14, 2024

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development.

supply chain budgeting 96

supply chain budgeting Budget Raw materials Procurement team 96

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Suppliers and external partners contribute another layer of complexity, as they rely on procurement systems for seamless onboarding, data accuracy and operational efficiency. largely control procurements level of influence.

Stakeholder engagement 94

Stakeholder engagement Management Procurement Influencing 94

Spend Matters

FEBRUARY 13, 2025

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. For the most part, this did not prove a problem.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Spend Matters

FEBRUARY 26, 2025

The lines between these two critical functions are often blurred, which could lead to potential misalignments in budget planning, compliance and operational goals. Mike Cook, SOVRAs Chief Product Officer, emphasized the importance of clean data and how SOVRA is supporting users with a qualified data lake.

Procurement 116

Procurement Bidding Contract management Data 116

ivalua

SEPTEMBER 28, 2020

The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. We need to take the good parts of the networks (data quality) and go back to look at AP Automation and invoice matching. What’s changed, nothing other than data!

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

ivalua

JANUARY 13, 2021

. – Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. Boosted stakeholder satisfaction.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

JANUARY 7, 2025

Ramps transaction data indicates a 24% rise in year-over-year software spend. This leads to redundant purchases, budget overruns and a lack of accountability. Contracts signed without proper review may expose businesses to compliance and liability risks, while purchases made without security checks can create data vulnerabilities.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

Procurement Express

MARCH 14, 2025

These add-ons help automate and streamline procurement, reducing manual data entry, minimizing errors, and keeping your QuickBooks data in perfect sync. From creating purchase orders to processing invoices and tracking expenses, these solutions give you better control over your budget and ultimately, boost your bottom line.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

Procurement Tactics

DECEMBER 6, 2022

Although spend management is commonly executed by procurement, it impacts many internal and external stakeholders of a company concerned with budgeting and planning the company’s future profitability. . Just like budgeting at home, a household allocates a budget in which spending and savings are addressed for the full month.

Spend management 172

Spend management Management Real-time Visibility Budget 172

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

IBM Supply Chain Blog

APRIL 24, 2024

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today. The user can accept or reject each use of their data individually.

Data 78

Data Real-time Visibility Risk Networking 78

Planergy

MARCH 24, 2025

Prioritize user-friendly interfaces, detailed reporting, integration capabilities, scalability, data security, and customization options to meet unique institutional needs. From tracking tuition payments to managing budgets and grants, schools handle complex financial landscapes that require transparency and precision.

Budget 52

Budget Spend management Price Data 52

IBM Supply Chain Blog

JUNE 10, 2024

In this blog, we’ll explore how businesses can use both on-premises and cloud XaaS to control budgets in the age of AI, driving financial sustainability without compromising on technological advancement. Embracing a culture of experimentation helps businesses drive innovation while minimizing financial risk.

Budget 62

Budget Innovation Sustainability Demand 62

Spend Matters

FEBRUARY 5, 2025

Building the foundation : where to start; how to build a digital roadmap; the critical role of data; identifying quick and long-term wins; how to make the case for digital. For example, the Covid-19 pandemic played the role of accelerator or catalyzer. Lets explore these aspects.

Procurement 112

Procurement Change management Strategy supply chain budgeting 112

IBM Supply Chain Blog

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? The answer is data lineage. Stakeholders?

Data 90

Data Sourcing Budget Management 90

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

IBM Supply Chain Blog

DECEMBER 7, 2023

The modern pace of data creation is staggering. The average organization produces data constantly—perhaps even continuously—and soon it’s investing in servers to provide ample storage for that information. But the creation of new data never slows for long. What is a data center?

Data 90

Data Strategy Management Inventory 90

Procurement Software

MARCH 16, 2025

While full-scale digital transformation certainly takes time, organisations can see rapid improvements in efficiency, collaboration, and data accuracy right from the outset. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Review your purchasing data before problems pile up Don’t wait until cash flow is a mess to check your numbers. The good news? Heres how to get started.

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Budget 52

Spend Matters

FEBRUARY 27, 2025

If all you have is an ERP system and no budget, you have to make the most of what you have, and Ive seen this in some companies. Do you have your data cleansed? You measure yourselves internally through a number of stakeholders, asking questions about technical maturity, process maturity, data, governance etc. Its ongoing.

Procurement 73

Procurement Real-time Visibility Change management Data 73

ivalua

FEBRUARY 10, 2023

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. Are you using any tools or solutions to help you manage your spend?

Price 264

Price Strategy Sourcing Real-time Visibility 264

SCMDOJO

MARCH 24, 2025

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. 2) Planning & Budgeting Planning is a crucial part of any business activity. Why is Purchase Price Variance (PPV) Important?

Price 69

Price Purchasing supply chain budgeting Raw materials 69

Spend Matters

FEBRUARY 25, 2025

Then there is all the ERP data, the countless hours of transaction data entry and the minefield of interpreting that data to be meaningful. To achieve true adoption, specific action needs to be taken to get people onboard, and these steps need to be defined and accounted for from the start (resources, budget, time).

Real-time Visibility 113

Real-time Visibility e2e Procurement Negotiation 113

Planergy

MARCH 10, 2025

Optimize Energy Usage Energy consumption often makes up a large share of a schools budget. Streamline Administrative Processes Administrative work, such as budgeting, payroll, and reporting, may hide additional costs caused by inefficiency. Conduct Energy Audits Start by performing an energy audit to determine where money is wasted.

Strategy 52

Strategy Management Budget Spend management 52

ivalua

AUGUST 5, 2020

Line level multi-tax treatment and budget allocation templates that reduce effort. Therefore, a key part of the Advanced AP automation journey is access to every data reference point to be used in the Invoice matching process. With the solution validating Tax and Budget allocations everything is kept quick, simple and touchless.

Budget 130

Budget Buyers Collaboration Purchase orders 130

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

ivalua

AUGUST 28, 2019

82% of respondents to a recent Forrester survey on Executing a Successful Procurement Transformation had switched their technology or plan to switch during that transformation, a costly effort in terms of budget and time. Executive support is key and directly correlated to obtaining sufficient budget. Yet far too many struggle.

Procurement 154

Procurement Budget Leadership Suppliers 154

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. Dynamic Market Intelligence & External Data Integration AI models pull live market intelligence (e.g., compliance violations, cost overruns).

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Jaggaer

MARCH 24, 2025

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. Predictive AI, on the other hand, uses historical data to forecast potential disruptions, price changes, and supply chain risks.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Jaggaer

MARCH 7, 2025

Why Modernizing Government Procurement Matters Government procurement is a complex process, often involving multiple stakeholders, large-scale budgets, and stringent regulatory requirements. Enable Data-Driven Decisions With predictive analytics, governments can anticipate market trends and make strategic procurement choices.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Planergy

FEBRUARY 24, 2025

This involves consulting educators, administrators, and department heads to identify specific needs, performance expectations, and budget constraints. Though it makes budgeting a bit more complex , its often worth it. This improves the purchasing power of the group compared to the individual.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Finale Inventory

NOVEMBER 20, 2024

Whether optimizing pricing, managing inventory , or strategizing your marketing campaigns, the key takeaway was clear: agility, planning, and data are your best friends. Leverage Data and Insights Historical data is invaluable. Key Takeaways from the Webinar: 1. Prioritize your best sellers. Track real-time performance.

Inventory 52

Inventory Price Strategy Budget 52

Procurement Tactics

OCTOBER 18, 2022

The SRM software centralizes supplier-related data, supports contract and procurement management, automates supplier scoring, and provides a supplier portal as a medium for communication with different suppliers. . Want to become a Negotiation Game Changer? Thus, ensuring that the suppliers are meeting the requirements of the company. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181