Procurement Tactics

JULY 4, 2023

The model is also used to compare the actual cost of production to the estimated cost and to identify areas where costs can be reduced. It is a powerful tool that helps procurement and supply chain professionals to evaluate and negotiate pricing with suppliers effectively and favorably and achieve cost savings.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

Procurement Insights

JANUARY 3, 2025

Key metrics were tied to cost reduction and spend under management. Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes. Collaboration with finance was transactional rather than strategic.

Agile and Lean Supply Chain 52

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

Supply Chain Game Changer

MAY 1, 2019

Subscribe to Supply Chain Game Changer. The Digital Supply Chain (SC 4.0) Article written for Supply Chain Game Changer by, and permission to publish here provided by, Andrei Klubnikin at at R-Style Lab. trillion on logistics and supply chain within the next five years. Email Address.

Logistics 98

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

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Secondly come eProcurement, Supply Chain Collaboration, Invoicing, and Payments. Any organization that manages procurement at scale can benefit from digitally transforming its source-to-pay (S2P) process.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Procurement Software

JANUARY 26, 2025

Increasing inflationary cost pressures, more supply chain disruptions, and the imperative for more transparency to satisfy Corporate Social Resposibilty (CSR) directives, or recent legislation in countries like Germany and Norway. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

AUGUST 8, 2023

Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns. EAM systems are a combination of advanced analytics, management tools and services that work together to maintain (or control) the performance of operational assets.

supply chain software solutions 50

supply chain software solutions Management Real-time Visibility Supply Chain Optimization 50

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization?

Supply Chain Optimization 72

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

Procurement Templates

JUNE 18, 2023

Central banks and governments often aim to manage inflation to maintain price stability and promote economic growth. Money buys less than before How should procurement manage inflation? ChatGPT Procurement departments can take several steps to manage inflation effectively.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

AUGUST 11, 2023

But they are also focusing on cost allocation and expecting greater cost discipline from their CIOs and IT teams, leading CIOs to face increasing pressure to justify their expenditures and keep track of spending. IT cost management has grown in importance because cost control is top of mind for every organization across all industries.

Import 74

Import Management Budget Real-time Visibility 74

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Finale Inventory

AUGUST 14, 2024

Efficient asset management is key for success in ecommerce. Finale Inventory’s asset management spreadsheet template offers a reliable solution to enhance your ecommerce operations. Importance of Asset Management in Ecommerce Ecommerce businesses manage various assets like inventory, equipment, and digital resources.

Management 52

Management Inventory supply chain software solutions Supply Chain Efficiency 52

TYA Suite

AUGUST 26, 2024

Often overlooked in strategic planning, procurement management can significantly impact a company's bottom line. With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. is a digital tool that automates and manages the procurement process, from requisition to payment.

supply chain software solutions 40

supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., travel, consulting) and lower in fixed costs (e.g., ingredients).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

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. Gather diverse insights, understand needs and manage expectations.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

SCMDOJO

MARCH 25, 2024

Nowadays, logistics landscapes and supply chain management are witnessing a breakthrough innovation: the automation of robots in warehouse operations. Global Supply Chain Complexities: Nowadays, global supply chains have been subjected to a heightened need for dynamism, responsiveness, and online visibility.

Supply Chain Efficiency 98

Supply Chain Efficiency Warehouse operations Supply Chain Optimization supply chain software solutions 98

Arkestro

JANUARY 23, 2024

Resources / Blog / What does a Procurement Manager do? Job Description, Skills, and Qualifications What does a Procurement Manager do? Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

IBM Supply Chain Blog

JANUARY 30, 2024

To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. A simple multicloud scenario may involve a company using two different cloud providers to carry out Software-as-a-Service (SaaS) —software applications (e.g.,

Strategy 91

Strategy Real-time Visibility Data Risk 91

IBM Supply Chain Blog

OCTOBER 3, 2023

Together, IBM Instana and IBM Turbonomic provide real-time observability and control that everyone and anyone can use, with hybrid cloud resource and cost optimization so you can safely automate to unlock elasticity without compromising performance. IBM® Turbonomic® eliminates the need to overprovision and overspend.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

IBM Supply Chain Blog

DECEMBER 11, 2023

With the rapid advancements in cloud computing, data management and artificial intelligence (AI) , hybrid cloud plays an integral role in next-generation IT infrastructure. Cloud-based managed services include Infrastructure-as-a-Service (IaaS ), Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS ).

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

IBM Supply Chain Blog

MAY 12, 2023

Amazon Simple Storage Service (Amazon S3) is an object storage service that provides organizations with scalability, security, availability and performance while keeping their IT infrastructure management needs at bay. The AWS S3 pricing structure is one of its biggest challenges because it’s complex and difficult to manage.

Price 52

Price Management Real-time Visibility Data 52

IBM Supply Chain Blog

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Agency for International Development’s Global Health Supply Chain Program.

Supply Chain Efficiency 99

Supply Chain Efficiency supply chain software solutions Data Supply Chain Optimization 99

IBM Supply Chain Blog

JUNE 11, 2024

Paths beyond VMware The impact of acquisition : A 2023 Forrester study (link resides outside ibm.com) predicts that 20% of VMware clients will move away from VMware stack due concerns around price increases, limited customer support and a mandatory requirement for subscription to software bundles —all of which are a result of the acquisition.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

IBM Supply Chain Blog

DECEMBER 20, 2023

Yet navigating the complexities of building and managing a hybrid environment poses unique challenges. Modern hybrid cloud environments also include orchestration and management tools. These software applications integrate off-premises and cloud-based environments to deliver unified cloud deployment and management capabilities.

Strategy 93

Strategy Real-time Visibility Data e2e 93

Solvoyo

NOVEMBER 26, 2020

They managed online product availability separate from store inventory. For omnichannel fulfillment to work effectively, there are many strategic, tactical, and operational supply chain planning decisions requiring advanced analytics. They probably thought this was cost-optimal but they did not consider our disappointment.

supply chain software solutions 52

supply chain software solutions Supply Chain Optimization Inventory Data 52

IBM Supply Chain Blog

AUGUST 16, 2023

It isn’t always easy to move from on-premises to the cloud, and it doesn’t always reduce costs initially. With the right guidance and cost management approach, a cloud migration can and should decrease overall IT costs , while increasing operational efficiency and improving IT services.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

Pipefy

JANUARY 30, 2024

Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process. From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

IBM Supply Chain Blog

MAY 1, 2023

Google Cloud Platform (GCP) enables customers to build, manage and deploy modern, scalable applications to achieve digital business success. In this blog post, we will review the various methods of GCP cloud cost management, what problems they address and how GCP users can best use them. Figure 1 shows the application stack.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. This blog will outline solutions to implement when planning for a downturn. Take your cash management to the next level.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency supply chain software solutions Supply Chain Optimization 52

Pipefy

JANUARY 9, 2024

The benefits include cost savings increase, better decision making and risk management. Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency. What is smart procurement?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Procurement supply chain software solutions 52

Finale Inventory

JULY 21, 2024

Running an efficient ecommerce business requires careful planning and effective inventory management. One key aspect of inventory management is calculating the reorder point. By determining the optimal time to reorder products, you can ensure that you never run out of stock while avoiding excessive holding costs.

Supply Chain Efficiency 52

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

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Finale Inventory

JULY 3, 2024

Managing inventory is a critical aspect of running a successful ecommerce business. Without effective inventory management, you risk running out of stock, oversupplying certain items, or experiencing inefficient operations that can hinder your business growth. Moreover, effective inventory management helps optimize cash flow.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Finale Inventory

AUGUST 23, 2024

Cycle counting is a key process in managing construction materials and supplies. By implementing cycle counting, construction businesses can enhance efficiency, lower costs, and boost customer satisfaction. It involves regularly counting a subset of items in your inventory to ensure accuracy and minimize discrepancies.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Finale Inventory

AUGUST 16, 2024

In the fast-paced ecommerce sector, managing inventory effectively is vital for success. Fortunately, there are strategies and tools available to simplify the inventory management process. Understanding the Significance of Inventory Management in Ecommerce Inventory management is a key factor in ecommerce.

Inventory 52

Inventory Strategy Supply Chain Efficiency Order Fulfillment 52

IBM Supply Chain Blog

NOVEMBER 10, 2023

But there’s another option: cloud management platforms and FinOps to better manage costs. When appropriately sizing virtual machines (VMs), Turbonomic software considers VM virtual memory, CPU, storage, IOPS and latency, as well as demand across the entire infrastructure.

Demand 67

Demand Purchasing Cost optimization Budget 67