Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

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

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. The ultimate goal of SCM is to reduce costs while satisfying customer demands.

Agile and Lean Supply Chain 40

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

TYA Suite

AUGUST 26, 2024

With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. In this blog, we explore the key features and importance of procurement software for small and medium-sized businesses and how to choose the best procurement software solutions specifically designed for SMBs.

supply chain software solutions 40

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

Jaggaer

OCTOBER 24, 2024

Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge.

supply chain budgeting 52

supply chain budgeting Management Supply Chain Optimization Procurement 52

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. You can ensure everyone is within budget.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

IBM Supply Chain Blog

MAY 1, 2023

Fundamentally, as a Cloud Operator, you need to ensure great end-user experiences while staying within budget. 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. The diagrams below represent the IBM Turbonomic UI.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

IBM Supply Chain Blog

AUGUST 11, 2023

And technology budgets are rising commensurate to this new reality. IT cost management has grown in importance because cost control is top of mind for every organization across all industries. Simply put, IT leaders cannot afford increased project costs that lead to budget overruns.

Import 74

Import Management Budget Real-time Visibility 74

IBM Supply Chain Blog

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. As a result, IT budgets are experiencing decreases along with overall operational budgets.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

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. What not to do when preparing for a recession?

supply chain budgeting 52

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

Pipefy

JANUARY 30, 2024

Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started. Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Purchase orders. Invoice approvals.

Agile and Lean Supply Chain 52

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

Finale Inventory

AUGUST 14, 2024

Additionally, tracking assets provides a clear overview of your business’s financial health, aiding in making informed decisions on purchases, investments, and cost optimization. A well-implemented strategy can streamline operations, reduce costs, and provide a competitive edge.

Management 52

Management Inventory supply chain software solutions Supply Chain Efficiency 52

Finale Inventory

JULY 3, 2024

Moreover, efficient inventory management enables you to optimize your operations and reduce costs. By accurately tracking your inventory levels and sales patterns, you can identify opportunities for cost-saving measures such as bulk purchasing, reducing carrying costs, or implementing just-in-time inventory practices.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JUNE 26, 2023

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making.

supply chain budgeting 52

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

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

NOVEMBER 10, 2023

A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend. But there’s another option: cloud management platforms and FinOps to better manage costs.

Demand 67

Demand Cost optimization Purchasing Budget 67

World of Procurement blog

MAY 10, 2024

Predicting future spend : By analyzing historical spend data, AI algorithms can create spending forecasts, predict seasonal demand changes, and model the impact of external factors on budgets. By leveraging data and algorithms, AI-powered tools can help reduce risks and costs in the supply chain.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Finale Inventory

AUGUST 16, 2024

This helps streamline operations, improve accuracy, and reduce costs associated with manual processes. Businesses can now use smart systems, barcode scanners, and inventory management software to automate processes, enhance accuracy, and boost efficiency. Customer demands, market conditions, and technology evolve.

Inventory 52

Inventory Strategy Supply Chain Efficiency Supply Chain Optimization 52

IBM Supply Chain Blog

MARCH 6, 2024

Additionally, without proper monitoring and optimization, ongoing cloud usage costs can escalate rapidly, leading to budget overruns and financial strain. This plan focuses on performance and cost optimization by selecting the most suitable cloud resources for your VMs and their associated volumes.

Strategy 73

Strategy Data Price Cost optimization 73

Finale Inventory

JULY 23, 2024

By effectively managing your inventory, you can minimize costs, optimize storage space, and provide exceptional customer service. By utilizing this software, you can save time, reduce errors, and gain a competitive edge in the ecommerce industry.

Inventory 52

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

IBM Supply Chain Blog

MAY 12, 2023

S3 Intelligent-Tiering: Amazon S3 Intelligent-Tiering automatically moves data between frequent-access (FA) and infrequent-access (IA) tiers for cost optimization, making it ideal for data with unknown or changing access patterns. However, it is also the most expensive storage class per GB stored.

Price 52

Price Management Real-time Visibility Data 52

Finale Inventory

SEPTEMBER 25, 2024

By implementing EOQ, you can better meet customer demand, reduce lead times, and minimize ordering and holding costs. Adopting EOQ as part of your overall inventory strategy can lead to improved customer satisfaction, increased profitability, and a more streamlined supply chain.

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

IBM Supply Chain Blog

JUNE 26, 2023

AIOps helps you operationalize this approach by using data-driven cloud spend decisions to safely balance cost and performance. By using software—not people—you can take appropriate actions and give applications the resources they need when they need them.

e2e 52

e2e Real-time Visibility Sustainability Data 52

IBM Supply Chain Blog

AUGUST 23, 2023

Choosing the right instance offering and instance size for your application is critical for optimizing performance and reducing costs. How Turbonomic helps: Determining workload type across an entire hosting environment is a significant task, but made easy with the help of cloud cost optimization software.

Networking 40

Networking Price Data Demand 40

IBM Supply Chain Blog

NOVEMBER 13, 2023

In this comprehensive guide, we will explore the intricacies of software modernization, its profound importance, strategies for successful implementation, potential challenges and the integration of new technologies. Improving business value often involves enhancing efficiency, reducing costs, and increasing competitiveness.

Strategy 94

Strategy Quality Cost optimization Risk 94

IBM Supply Chain Blog

JUNE 15, 2023

watsonx.data is truly hybrid It supports both SaaS and self-managed software deployment models, or a combination of both. This provides further opportunities for cost optimization. Therefore, customers are looking for ways to reduce costs.

Data 86

Data Price Sourcing Cost optimization 86