IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

IBM Supply Chain Blog

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system is a software solution that provides transparency and visibility to the entire warehouse operations. Receiving and storing: This includes receiving materials from suppliers, checking the purchase order, and putting away the materials at the correct location without any errors.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

Pipefy

JANUARY 30, 2024

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. The features of these solutions can vary widely.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Let's Talk Supply Chain

JUNE 27, 2022

Human rights groups and news reports have linked many multinational companies to suppliers there. Brands like Coca-Cola and Nike will now have to spend a vast amount of money scrutinizing their supply chains and potentially finding new suppliers. It’s time for a plan. Thankfully, importers aren’t on their own.

Import 52

Import Supply Chain Efficiency Agile and Lean Supply Chain e2e 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

DECEMBER 20, 2023

However, the successful execution of a strategic procurement process can streamline and even simplify decisions for operational purchases required for businesses. With the analysis of supplier performance data, purchase managers can make decisions that benefit the company faster and more accurately.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

SCMDOJO

MARCH 25, 2022

working with suppliers or customers was not a priority for most managers at the time. Companies have started to see logistics as an integral part of overall business strategy. The early years of the 21st century have seen a slow evolution from logistics to supply chain management in academia and business. The idea of ??working

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) You will also need to create a business case based on your vision and the potential improvements – and above all, get your senior stakeholders on board! Be sure to increase your analytics capabilities! 4) The “Day of Digitalization”.

Procurement 40

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

Pipefy

OCTOBER 24, 2023

This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable. In this scenario, the procurement team may have difficulty acting decisively and informing overall business strategy.

Real-time Visibility 52

Real-time Visibility e2e Procurement Procurement team 52

Empowering CPO

JUNE 25, 2023

It’s a strategic function that requires careful planning, selection, and negotiation to ensure that businesses get the best value for their money. It’s a delicate balancing act, where businesses must juggle quality, cost, supplier relationships, and risk management, all while keeping an eye on their bottom line.

Procurement 52

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

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

JANUARY 9, 2024

For example, with the analysis of supplier performance data, purchase managers can make decisions that benefit the company faster and more accurately. Enhanced risk management Through a data-driven approach, smart procurement is able to predict possible risks so the business can be proactive about taking action.

Agile and Lean Supply Chain 52

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

Pipefy

MAY 9, 2023

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results. This is why supplier diversity is so important.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

TYA Suite

SEPTEMBER 15, 2024

. : Procurement enterprise resource planning systems offer tools to manage the end-to-end procurement process, including supplier selection, purchase requisition, order management, and. Supplier relationships are critical to successful procurement. . Supplier relationships are critical to successful procurement.

Procurement 40

Procurement Real-time Visibility supply chain software solutions Supply Chain Efficiency 40

Pipefy

DECEMBER 6, 2023

No matter how much they differ, efficient and friction-free workflows typically share the following traits: they provide visibility, employees are aligned on changes and requirements, fosters accountability, and creates a positive business impact. Visibility Each step in a workflow should be visible.

Real-time Visibility 52

Real-time Visibility e2e Data Strategy 52

Planergy

SEPTEMBER 12, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This can involve activities such as purchasing suppliers, acquiring mines or farms, or establishing manufacturing facilities.

Supply Chain Efficiency 52

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

Let's Talk Supply Chain

DECEMBER 19, 2024

Geopolitical tensions and battles along with anticipated tariffs will necessitate nearshoring production, supplier diversification, and proactive planning for contingencies. Automation via AI and end-to-end supply chain visibility will also play major roles in promoting more nimble, agile operations.

supply chain budgeting 98

supply chain budgeting Agile and Lean Supply Chain Supply chain e2e 98