IBM Supply Chain Blog

DECEMBER 13, 2023

Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan. Gather diverse insights, understand needs and manage expectations. Stakeholder engagement is key to ensure the strategy is well-planned and supported throughout the organization.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

The Good Spending

MAY 13, 2024

How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? Contract management is another miserable story. Was there any SRM or stakeholder engagement? Risk management? Change management? Technological failures? Cost control?

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

TYA Suite

JULY 17, 2024

From supplier selection criteria to contract management protocols, documented policies establish standards of conduct and mitigate operational risks. Execute, Manage, and Refine the Strategy : Implementation is where the rubber meets the road. Embracing digitalization is imperative for modernizing procurement operations.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

World of Procurement blog

MAY 8, 2024

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Key procurement roles include: Procurement Manager - Leads team to develop strategies and manage processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

JANUARY 9, 2024

These challenges manifest in prolonged supplier selection, contract management issues, and difficulties in maintaining regulatory compliance. Automated contract management Digital contract management tools store all contracts in a centralized repository. Improved compliance and risk management.

Real-time Visibility 52

Real-time Visibility Contract management Contract Management 52

Procurement Software

JANUARY 24, 2023

Which, in turn, will free us to concentrate on the more important stuff like SRM , sustainability , contract management and managing risk , thanks to advanced analytical capabilities. That digital really is the future of our profession, and that a lot of the day-to-day grunt work in procurement both can and will be automated.

Procurement 52

Procurement Quality Procurement team Stakeholder engagement 52

Empowering CPO

MAY 4, 2023

Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance. Contract management systems: Solutions that store, organize, and manage procurement contracts in a centralized repository. This alignment can be achieved by: 1.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Procurement Software

APRIL 9, 2024

Like it or not, part of a successful stakeholder engagement strategy is marketing. Something which helps me with strategic sourcing or contract management would probably be my next step. So, my last employee is going to be an Admin Assistant. This will become increasingly important.

Category management 40

Category management Procurement supply chain budgeting Budget 40

Empowering CPO

JUNE 26, 2023

These compliance obligations impact procurement processes, contract management, and supplier selection, requiring meticulous attention to detail and documentation. Understand their needs, expectations, and concerns to tailor communication and engagement efforts accordingly.

supply chain budgeting 52

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

Empowering CPO

JUNE 27, 2023

Collaboration and Stakeholder Engagement: Digital platforms and cloud-based solutions facilitate collaboration among procurement teams, suppliers, and other stakeholders. Stakeholder Engagement: Involve key stakeholders, including procurement professionals, finance teams, and IT personnel, in the digital transformation journey.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40