Procurement Insights

JANUARY 3, 2025

Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation. Digital Transformation Matures : Advanced technologies such as AI , machine learning , and automation enabled procurement to provide predictive insights , scenario planning , and real-time decision-making.

Agile and Lean Supply Chain 52

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

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. These indices track the average price changes of a basket of goods and services over time. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

AUGUST 11, 2023

They could build a state-of-the-art, on-premises data center, only to subsequently find out their costs would be halved if they ran everything on the cloud. They expect IT budget forecasts to contain actual costs with realistic delivery timelines and a good understanding of how the completed project will impact the business.

Import 74

Import Management Budget Real-time Visibility 74

Empowering CPO

FEBRUARY 11, 2024

By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency. Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

IBM Supply Chain Blog

AUGUST 15, 2023

It’s a myth that “observability is always expensive” because there are various cost-effective options available for implementing observability in modern systems. They may require some effort to set up and manage, but they can be a cost-effective option to fit your budget.

Real-time Visibility 48

Real-time Visibility e2e Budget Cost of ownership 48