IBM Supply Chain Blog
DECEMBER 20, 2023
A successful business strategy dictates the allocation of resources and outlines how a company will achieve its strategic goals. Whether the organization is focused on developing new products or marketing an existing service to an under-served demographic, having a solid strategy will help an organization realize its long-term goals.
IBM Supply Chain Blog
DECEMBER 18, 2023
In today’s business environment, regardless of the product or service, leaders must develop a well-honed business strategy. A successful business strategy must clearly define an organization’s objectives, decision-making processes and long-term business goals.
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Procurement Templates
DECEMBER 11, 2024
Personal Objective (Procurement Specialist): Negotiate supplier contracts with at least five key vendors to secure better terms, including price reductions, bulk discounts, and extended payment terms, by the end of Q2. Set up a Supplier Advisory Board where suppliers and internal stakeholders co-create business strategies.
Jaggaer
FEBRUARY 5, 2025
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Nishiguchi set out eight steps in strategic sourcing: Assessment of a companys current spending (what is bought, where, at what prices?)
SCMDOJO
APRIL 3, 2025
They might want to protect local businesses, fix trade imbalances, or respond to unfair trade practices. They can raise consumer prices, reduce imports, change trade patterns, and cause other countries to retaliate. For businesses, tariffs increase costs, disrupt supply chains, and reduce profits. Can you cut other costs?
Jaggaer
FEBRUARY 5, 2025
When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.
Procurement Tactics
MAY 4, 2023
Defective pricing audits Defective pricing audits are conducted to assess the accuracy of the costs or pricing and to determine whether the business is overpaying for its purchased goods or services.
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