SCMDOJO

FEBRUARY 21, 2025

Heres how: Diversifying the Supplier Base to Reduce Dependency Risks Implementing Risk Assessment & Contingency Planning Balancing Cost Optimization with Resilience Strengthening Supplier Relationships & Collaboration Leveraging Technology & Data-Driven Procurement What Are the Benefits of Refining Your Procurement Strategy?

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 59

SCMDOJO

FEBRUARY 16, 2025

Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Automates bidding processes and cost optimization. Helps businesses drive cost savings and mitigate procurement risks. Assesses supplier bids and optimizes contract terms.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

ivalua

JANUARY 13, 2021

– Cost optimization which comes from two sources: first, the savings that are captured from purchasing through preferred suppliers and compliant channels, and second the lower cost of a more efficient purchasing process.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

JANUARY 16, 2024

Spend analytics: Illuminating the path forward In pursuit of cost optimization, spend analytics offers CPOs a panoramic view of their organization’s purchasing activities. Beyond simple cost breakdowns, these tools delve into data, revealing patterns and trends that empower leaders to make more informed, proactive decisions.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

Jaggaer

FEBRUARY 5, 2025

Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Optimizing source-to-paythrough digital transformation streamlines every stage of your procurement strategy, improving visibility, efficiency, and collaboration. But digital transformation also has longer-term benefits for supplier collaboration.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Collaboration with finance was transactional rather than strategic. Shift Toward Value Creation : CFOs increasingly view procurement as a driver of enterprise-wide value , contributing to innovation, supplier collaboration, and strategic goals.

Agile and Lean Supply Chain 52

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

Spend Matters

JULY 21, 2022

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). Therefore, they launched Procurence to fill that gap and to serve to foster communication and collaboration between an organization, its suppliers and its customers.

Market analysis 97

Market analysis Procurement Quality management Supply Chain Optimization 97

Let's Talk Supply Chain

FEBRUARY 25, 2025

With over 15 years of experience in optimizing supply chain operations,Smith’s appointment signifies the company’s‍ commitment to further enhancing its logistical efficiency and sustainability initiatives. Supplier Collaboration: Building strong partnerships with suppliers to enhance transparency and communication.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supply chain Ethics 52

SCMDOJO

DECEMBER 14, 2023

Team Dynamics: Comprises a team of experts, providing a collaborative approach to sourcing solutions. Sourcing Agent: With expertise in sourcing, Dante serves as a valuable intermediary, streamlining supplier selection, negotiation, and procurement processes, ensuring optimal outcomes for clients.

Sourcing 104

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 104

Procurement Templates

JUNE 18, 2023

Open and transparent communication can help procurement teams collaborate with suppliers to find mutually beneficial solutions during periods of inflation. Sharing market insights and cost-saving ideas can lead to cost optimization and better pricing agreements.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Procurement Tactics

JULY 4, 2023

Importance of Should Cost Model A should-cost model is an essential tool for procurement and supply chain organizations. It enables organizations to effectively negotiate and collaborate with suppliers. It helps professionals gain insights into the cost structure and make informed decisions to achieve cost savings.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Templates

MARCH 3, 2024

Supplier Relationship Management : Market intelligence enables procurement teams to monitor and assess supplier performance, track industry developments, and identify opportunities for collaboration and innovation. Strategic Planning : Market intelligence informs strategic planning and decision-making within procurement.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Software

JANUARY 26, 2025

This shift elevates procurement from a reactive cost centre to a proactive driver of both cost optimization as well as sales enablement. This transparency not only mitigates risks but also fosters trust and collaboration with suppliers, paving the way for agile and resilient supply chains.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52

SCMDOJO

JUNE 6, 2023

They can also negotiate better contracts, identify collaboration opportunities, and so on. They can reduce delivery lead times, minimize transportation costs, and optimize transportation routes. Reduces costs, improved customer service levels, and more can be achieved through the right use of data analytics.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Supply Chain Game Changer

MAY 1, 2019

Route & freight cost optimization. The lack of collaboration between technology and business development teams only exacerbates the problem. He creates articles in collaboration with IoT experts and highlights the benefits of adopting cutting-edge technologies in business. Increased automation with robotics.

Logistics 98

Logistics supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 98

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. It ensures that procurement partners collaborate with reliable vendors, reducing supply chain disruptions.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

IBM Supply Chain Blog

OCTOBER 26, 2023

and today we are announcing the first product integration between IBM Apptio Cloudability, for cloud financial management and, IBM Turbonomic, for hybrid cloud cost optimization. IBM Apptio Cloudability and IBM Turbonomic: advancing your FinOps practice IBM recently completed its acquisition of Apptio Inc.

Cost optimization 65

Cost optimization Collaboration Data Management 65

IBM Supply Chain Blog

FEBRUARY 19, 2024

Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses. Therefore, adopting a holistic approach that prioritizes data-driven business transformation helps optimize value extraction. billion, and experts project it to reach USD 14.4

Data 63

Data Cost optimization Sourcing Risk 63

Pipefy

JUNE 5, 2024

Because CIOs understand that the untapped efficiency and productivity gains within these processes hold the keys to company growth, cost optimization, and digital transformation. In order to optimize and automate these processes, IT teams need to exert control and gain visibility into how they are being managed.

Influencing 52

Influencing Cost optimization Innovation Strategy 52

IBM Supply Chain Blog

JULY 26, 2023

Balancing strategic objectives, budget constraints, and the need for cost optimization requires careful consideration and decision-making. These tools provide a centralized platform for top-down and bottom-up budgeting creation, collaboration, scenario modeling, data integration, and reporting.

Budget 56

Budget Data Cost optimization Collaboration 56

IBM Supply Chain Blog

JUNE 11, 2024

The growing need for cloud cost optimization : Cost optimization is essential when exiting VMware because it helps manage and reduce the initial and ongoing expenses associated with migration, ensures efficient use of resources in the new environment, and maximizes the return on investment.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

World of Procurement blog

APRIL 24, 2024

This approach fosters collaborative planning, allowing procurement professionals to contribute insights on market trends, supplier innovation potential, and risk management early in the decision-making process. It's about harnessing the intent behind procurement needs early on. A: Absolutely.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Risk management 52

SCMDOJO

JULY 24, 2023

Key Players In the world of contract logistics, several key players collaborate to ensure the smooth functioning of the supply chain. These providers have established networks, infrastructure, and economies of scale that enable them to operate more efficiently and cost-effectively.

Contract 98

Contract Logistics Supply Chain Efficiency Supply Chain Optimization 98

Skill Dynamics

FEBRUARY 6, 2024

When implemented and managed correctly, it’s a strategy that can lead to large-scale operational improvements, cost optimization, and reduced risks across the supply chain. Listen to your suppliers Finally, it’s important to remember that engaging in supplier relationship management is a collaborative process.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Una

JULY 3, 2023

Procurement leaders may handle escalated issues and engage with suppliers at a strategic level to enhance collaboration and drive innovation. Executives in procurement leadership roles collaborate closely with other organizational departments, including finance, operations, and senior management.

Leadership 52

Leadership Procurement Ethics Supply Chain Optimization 52

IBM Supply Chain Blog

JANUARY 30, 2024

Data silos cause visibility issues and can negatively impact data analytics by preventing teams from sharing a holistic view of consolidated data to collaborate and make business decisions. Data silos: With data spread across multiple clouds and platforms, an organization risks creating data silos.

Strategy 91

Strategy Real-time Visibility Data Risk 91

IBM Supply Chain Blog

AUGUST 11, 2023

Change the organizational culture: Successful IT operations are a collaboration between people and technology. Organizations that pursue IT cost management with intent must also upskill employees and influence the culture to focus on cost savings and driving efficiency.

Import 74

Import Management Budget Real-time Visibility 74

Empowering CPO

JUNE 27, 2023

SRM encompasses various activities, including supplier selection, performance evaluation, contract negotiation, and collaborative innovation. It enables organizations to identify potential savings, negotiate better pricing, and implement cost-effective procurement strategies.

Supplier relationship management 52

Supplier relationship management Suppliers Management Negotiation 52

Empowering CPO

FEBRUARY 11, 2024

Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Una

OCTOBER 17, 2023

A Snapshot of Supply Chain Technology How to Adjust to Evolving Technology Costs 5 Essential Technology Solutions for Businesses Cost Optimization AI-driven chatbots will continuously monitor procurement processes and expenses, identifying areas where cost savings can be achieved. Want to Chat?

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Una

OCTOBER 12, 2023

The primary motivation for nearshoring is to benefit from cost savings while maintaining cultural and logistical proximity, which can reduce risks and enhance collaboration. Rightshoring Rightshoring is a strategic approach that focuses on finding the optimal balance between onshoring, offshoring, and nearshoring.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply chain resilience supply chain budgeting 52

Jaggaer

DECEMBER 13, 2024

S2P takes a holistic view of the entire procurement lifecycle, aiming to optimize sourcing strategies, enhance supplier collaboration, mitigate risks, and drive cost savings across the organization. Source-to-Contract breaks down into four main activity areas: Spend management: To optimize, you must measure and monitor.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

IBM Supply Chain Blog

MARCH 6, 2024

Businesses are increasingly embracing cloud infrastructure due to its scalability, flexibility and cost-effectiveness, among other benefits. Recent statistics indicate a significant rise in companies adopting cloud services to meet their operational and cost saving needs.

Strategy 73

Strategy Price Data Cost optimization 73

IBM Supply Chain Blog

AUGUST 16, 2023

It is poised to transform businesses and industries, revolutionize how employees and other stakeholders collaborate, and drive digital transformation initiatives. Here are six ways organizations can improve their cloud cost management, increase cloud cost optimization and drive as much value from their cloud budgets as possible.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

Empowering CPO

JANUARY 28, 2024

By harnessing the power of data, procurement teams can identify opportunities for cost optimization, negotiate favorable contracts, and proactively manage risks. These programs focus on collaboration, communication, and continuous improvement, fostering a partnership that goes beyond transactional interactions.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

Empowering CPO

JUNE 26, 2023

Understanding these common spend categories is essential for effective spend analysis and targeted cost optimization strategies. By consolidating suppliers, organizations can achieve better pricing, streamline supplier relationships, and reduce administrative costs.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52