Spend Matters

JANUARY 8, 2024

Amid lower growth forecasts and higher interest rates, companies continue to grapple with the challenge of swiftly optimizing working capital. Resilience In light of increased geopolitical uncertainty and extreme weather events, the focus on strengthening supply chains against disruptions will remain.

Procurement solutions 77

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 77

Una

NOVEMBER 1, 2022

Procurement professionals are abandoning traditional sourcing practices in favor of more responsive strategies to supply chain management in pursuit of more significant cost savings and organizational efficiencies. Increased cost savings. Now, let’s look at the five main benefits of strategic sourcing: .

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

ivalua

MAY 28, 2014

In my last blog post, “ Will your supply chain lead in the next decade? ,” I talked about Gartner’s first-day focus at their Supply Chain Executive Summit in Phoenix, Arizona. This is an especially important message for manufacturers’ supply chain organizations.

Supply Chain Optimization 100

Supply Chain Optimization Innovation Supply chain Cost of ownership 100

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Supply Chain Game Changer

NOVEMBER 19, 2018

In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Digital transformation of the supply chain will change everything – for the better.

Supply Chain Efficiency 45

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 45

Arkestro

NOVEMBER 12, 2024

Historically, the focus has been on optimizing portfolios of spend—prioritizing what to address, defer, or ignore—using well-known frameworks such as the Kraljic Matrix and the Pareto Principle. Today’s procurement challenges go far beyond cost negotiations and sourcing. Subscribe to news from Arkestro. You can unsubscribe at any time.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Jaggaer

OCTOBER 3, 2024

It starts with spend analysis to provide a detailed cost breakdown, providing the information for competitive tendering via auctions using our Sourcing and Advanced Sourcing Optimizer modules, and aggregating spend where it makes sense for better leverage in negotiations. First, organizations need to get full supply chain visibility.

Supply Chain Optimization 52

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Contract 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

JUNE 6, 2024

Watch Procurement Jobs in Future I The Supply Chain Show video on SCMDOJO YouTube Channel! Ethical and Sustainable Procurement: The curriculum emphasizes the importance of responsible sourcing practices, aligning with the growing demand for ethical and sustainable supply chains. Enroll Now!

Procurement 105

Procurement Supply Chain Optimization Supply Chain Efficiency Ethics 105

SCMDOJO

JULY 18, 2024

While biofuels might have slightly higher initial costs, government incentives can help offset the difference. Evaluating the total cost of ownership, including fuel prices, maintenance requirements, and government incentives, is crucial when considering alternative fuels (Department for Transport, 2005c).

Supply Chain Efficiency 105

Supply Chain Efficiency Cost of ownership Supply Chain Optimization Sustainable transportation 105

IBM Supply Chain Blog

MAY 13, 2024

Optimize costs across use cases : Different models have varying cost implications. By accessing a range of models, businesses can select the most cost-effective option for each application. This step focuses on right-sizing the model to fit the use case optimally as bigger is not necessarily better.

Cost of ownership 70

Cost of ownership Ethics Risk Innovation 70

Supply Chain Game Changer

JANUARY 14, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series here at Supply Chain Game Changer.

Leadership 66

Leadership Agile and Lean Supply Chain Supply Chain Optimization Supply chain 66

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. Performance Measurement & Optimization: Establish clear performance metrics (KPIs) aligned with your category goals.

Category management 52

Category management Management Procurement Supplier relationship management 52

Finale Inventory

JULY 17, 2024

ERP software integrates and manages various aspects of a manufacturing company’s operations, including inventory management, production planning, supply chain management, human resources, finance, and more. One of the standout features of Software 4 is its advanced supply chain management capabilities.

supply chain software solutions 52

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

IBM Supply Chain Blog

APRIL 5, 2024

No single system can manage all the required information views to enable end-to-end optimization. In the asset performance management and optimization (APMO) domain, the team collects and prioritizes asset needs resulting from asset strategies based on asset criticality. Asset data is the basis for the network.

Data 64

Data Management Cost of ownership Budget 64

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Skill Dynamics

JULY 19, 2024

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

Procurement strategies 52

Procurement strategies Strategy Procurement supply chain budgeting 52

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations. Furthermore, AI can also enhance the user experience of ERP systems.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

Finale Inventory

JUNE 21, 2024

Moreover, ERP systems often include modules for human resources, inventory management, and supply chain optimization. Inventory Management: Manages inventory levels, tracks stock movements, and optimizes supply chain operations. Furthermore, AI can also enhance the user experience of ERP systems.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions supply chain budgeting Real-time Visibility 52

IBM Supply Chain Blog

AUGUST 11, 2023

MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing. By facilitating optimized production planning and scheduling, these systems ensure efficient resource allocation, workload balancing and on-time deliveries, leading to improved profitability.

supply chain software solutions 68

supply chain software solutions Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 68

IBM Supply Chain Blog

JUNE 12, 2023

Done right, our take is that the cloud can deliver unparalleled benefits in performance and total cost of ownership without compromising resiliency, security and compliance. IBM believes that dependability, reliability and trust need to be at the heart of every cloud strategy.

Strategy 85

Strategy Cost of ownership Risk Data 85

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Cost savings: Digital procurement systems can help identify opportunities for cost reduction, enabling businesses to optimize their spending.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

IBM Supply Chain Blog

APRIL 11, 2024

A proven solution with IBM Cloud: It is optimized for regulated industries , addressing the complex and evolving needs of the payments industry. Total cost of ownership: Hybrid cloud offers the power of choice and performance with workloads anywhere to maximize performance from x86, Power—to Cloud—to Quantum.

Innovation 58

Innovation Cost of ownership Data Risk 58

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. It involves optimizing procurement processes and reducing costs while maintaining the quality of goods and services.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 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

IBM Supply Chain Blog

OCTOBER 27, 2023

Top 5 commonalities: UEM and device lifecycle management share several commonalities, as they both play essential roles in the management and optimization of endpoints within an organization. This way, IT teams can be both efficient and effective and keep the total cost of ownership under control. appeared first on IBM Blog.

Management 81

Management Cost of ownership Inventory Data 81

Una

SEPTEMBER 21, 2023

Understanding cost savings Cost savings, as the term suggests, refers to the reduction in expenses achieved through various procurement actions. These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

IBM Supply Chain Blog

JUNE 30, 2023

Enterprise asset management (EAM) is an asset lifecycle management solution focused on optimizing the overall lifetime performance of assets from acquisition to end-of-life. KPI dashboards or MRO inventory optimization) and audit trails are also included in CMMS software solutions.

Management 60

Management supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 60

Supply Chain Game Changer

JULY 2, 2020

Subscribe to Supply Chain Game Changer. In the omnichannel supply chain, order management improvement leads to confident inventory management across all channels. Such improvements naturally lend themselves to higher customer service levels and benefits throughout the supply chain. Email Address.

Management 54

Management Real-time Visibility Supply Chain Optimization supply chain software solutions 54

Empowering CPO

FEBRUARY 1, 2024

The services are designed to provide organizations with access to a dedicated team of specialists committed to optimizing the supply base, reducing Total Cost of Ownership (TCO), and enhancing long-term competitiveness. We ensure that sustainable procurement becomes a catalyst for long-term business resilience.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Sustainability 40

IBM Supply Chain Blog

AUGUST 1, 2023

Here are five things you need to know about how IBM Cloud is helping clients make the right workload-placement decisions based on resiliency, performance, security, compliance and total cost of ownership. We aim to help materially reduce our clients’ spend on developing and maintaining regulatory controls.

Innovation 63

Innovation Cost of ownership Risk Data 63

TYA Suite

JULY 17, 2024

In today's dynamic business environment, efficient po management is essential for optimizing inventory levels, controlling costs, and maintaining strong supplier relationships. Collaborative relationships can lead to better terms, faster resolution of issues, and more reliable supply chains.

Purchase orders 40

Purchase orders Purchasing Management Supply Chain Efficiency 40

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. By proactively addressing risks, organizations can safeguard their supply chains and drive efficiencies.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

IBM Supply Chain Blog

MAY 8, 2024

Today, our enterprise-grade platform is optimized to help clients manage mission-critical workloads while addressing resiliency, performance, security, compliance and total cost of ownership.

Cost of ownership 61

Cost of ownership Data Innovation Management 61

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

MARCH 14, 2024

By using fit-for-purpose databases, customers can efficiently run workloads, using the appropriate engine at the optimal cost to optimize analytics for the best price-performance. With watsonx.data, customers can optimize price performance by selecting the most suitable open query engine for their specific workload needs.

Data 75

Data Innovation Cost of ownership Management 75