IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Strategic Sourceror

FEBRUARY 3, 2023

For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency. Brought to you by the StrategicSourceror.

e2e 67

e2e supply chain budgeting Supply Chain Efficiency Supply chain 67

Procurement Tactics

JUNE 28, 2023

It involves systematically tracking, recording, and analyzing data or metrics relating to procurement activities to improve efficiency, and cost-effectiveness , comply with business policies and procedures, and ultimately aid in important business decision-making. What is Procurement Tracking?

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Una

AUGUST 30, 2022

Strategic sourcing experts are using machine learning to categorize and manage spend, AI to better predict demand, and act upon alerts such as contract expiry/renewals. Core digital capabilities that we now take for granted include spend analytics, eAuctions, electronic catalogs, data visualization, and more. What's next?

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Procurement e2e Supplier relationship management Real-time Visibility 98

Jaggaer

OCTOBER 24, 2024

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Enterprise-wide data sharing capabilities help you distribute vital information quickly. Finance : Resilience depends on financial flexibility. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Tactics

AUGUST 23, 2022

Contract management, also known as contract lifecycle management, in the field of procurement refers to the handling of end-to-end contracting with the suppliers and other third parties of an organization. . Enhancing strategic sourcing through data analysis. Enhanced contract visibility.

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Contract management Contract supply chain software solutions Management 130

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1. Dirty Little Secret #2–4.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. What we do know is that supply chains often account for more than 90% of a company’s environmental footprint, and SAP can help provide visibility into the data across this value chain.

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Procurement Supply Chain Efficiency Category management e2e 114

Strategic Sourceror

JULY 11, 2022

Automate Source-to-Pay Workflow Increase Workflow Automation When S2P solutions are implemented, organizations can increase the automation of their workflow and reduce critical cycle times. The ease of use, simple implementation, and visibility across robust procurement workflows are unmatched with end-to-end platforms.

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e2e supply chain budgeting supply chain software solutions Strategic sourcing 52

Jaggaer

JULY 7, 2020

In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events. These should provide end users with visibility across their assigned scope. Nonetheless, the way that data is captured in the many regions and countries differs somewhat, so this posed an integration challenge.

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Real-time Visibility e2e Contract Contract management 52

Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Real-time data and analytics. Without interconnected systems, manual data transfer happens across systems using spreadsheets. Supply Chain Transparency.

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Supply Chain Efficiency Procurement Real-time Visibility Supply Chain Optimization 19

World of Procurement blog

MAY 10, 2024

This frees up procurement professionals to focus on high-value strategic activities. Analyzing spend data : AI tools can quickly categorize expenses, identify spending patterns and trends, pinpoint areas of overspending, and generate actionable insights from vast amounts of procurement data. This enables more accurate planning.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Software

MAY 16, 2023

Users can access the software from any device, and it integrates with ERP systems for seamless data transfer. It offers the full range of functions you need from an end-to-end platform: Strategic Sourcing Contract Management Procurement Accounts Payable automation Payments and Supplie Management Actionable Data Insights.

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Procurement Purchase orders Real-time Visibility Purchasing 96

Jaggaer

DECEMBER 13, 2024

Or alternatively, as senior managers we only see the end results of procurement as figures on a spreadsheet or a financial statement, with little awareness of how they are arrived at and how they can be improved. To understand whats really going on we need, first, to step back and get a holistic view of the end-to-end process.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Pipefy

JUNE 14, 2023

Key takeaways Spend data is the information related to a company’s spending, specifically goods and services purchased from external suppliers or vendors. This data is usually grouped into categories and subcategories. ignoring the importance of data quality, 2. not reviewing spend data regularly. What is spend data?

e2e 52

e2e Real-time Visibility Contract Procurement team 52

Procurement Software

MARCH 7, 2023

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

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Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Procurement Software

MARCH 5, 2024

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

Real-time Visibility 52

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

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Pipefy

FEBRUARY 13, 2023

Typically, the source-to-pay process is used to fulfill needs like finding new suppliers that offer lower prices, better terms, or goods/services not offered by current suppliers. S2P software automatically generates and shares these documents with suppliers and stores them securely in an eVault for easy access and visibility.

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Sourcing e2e Purchase orders Bidding 52

IBM Supply Chain Blog

DECEMBER 13, 2023

These increase accuracy and productivity, track purchases and offers data visibility that informs decision making and reduces risk, inefficiencies and time-consuming delays. Utilize data and insights to analyze outcomes, identify areas for improvement and refine the procurement strategy accordingly.

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Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. What is strategic procurement? This also leads to more advantageous strategic sourcing. Why is strategic procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Pipefy

JANUARY 4, 2023

This guide takes an in-depth look at procurement automation to help you understand how and why more businesses are turning to this technology to contain costs, improve visibility, and protect themselves from supply chain disruptions. For example, workflows such as sourcing , vendor onboarding, RFP, and P2P. Preventing missed handoffs.

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Procurement Procurement team Purchase orders e2e 52

Empowering CPO

JUNE 25, 2023

Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Finally, businesses grapple with the challenge of data management.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Procurement Software

DECEMBER 5, 2022

However, procure-to-pay is definitely a subcomponent of the entire source-to-pay process. The key difference is that S2P includes the important stage of strategic sourcing, which is performed before you. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 52

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

Pipefy

JANUARY 5, 2023

Digital procurement involves the use of apps and systems to capture, consolidate, and manage all of the data and information related to procurement. Enhancing visibility and control. This happens when different teams, departments, locations, or employees use their own unique variations of a process such as purchasing or sourcing.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Solvoyo

MARCH 29, 2020

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40

e2e Supply Chain Optimization Real-time Visibility Agile and Lean Supply Chain 40

HICX

AUGUST 4, 2022

Caption: Adam Brown, Procurement Strategy & Transformation, Maersk; Carmen Erhardt, Head of Digitalization, Henkel; Anthony Payne CMO, HICX; Ragnar Lorentzen, CCO, HICX; Nils Andersson, Senior Manager – Head of Strategic Sourcing Process, Orkla; and Aleks Hajdas PTP Program Lead, JTI share their views on Supplier Experience.

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Suppliers e2e Real-time Visibility Collaboration 52

Procurement Software

JUNE 4, 2024

If you’re a consultancy, an investor, or a solution provider and need to do deeper analysis of the market, we also offer subscriptions to our back end database , with all data points searchable. Key Data: Founder / CEO: Anam Rahman Date Founded: 2020 Visit Kavida.ai profile in our Software Finder 2. Kavida AI Kavida.ai

Supply Chain Efficiency 52

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

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment. This is where managed procurement services come into the picture.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

JANUARY 11, 2023

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. Learn more about strategic sourcing optimization. An abundance of manual work and rapidly changing processes.

Strategy 52

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

Supply Chain Game Changer

SEPTEMBER 16, 2020

The rise of big data in various manufacturing and logistics industries, the development of sophisticated ERP systems, and end-to-end Supply Chain visibility has made it a crucial strategic function for companies looking to get an edge in highly-competitive industries like Consumer Goods, Food Production and Pharma.

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Supply chain Leadership Supply Supply chain management 54

Procurement Software

MAY 14, 2024

Key Takeaways: Why we need Intake and Procurement Process Orchestration Streamlining of Procurement Process: Process orchestration simplifies the intricate procurement process by automating and integrating each step from intake to procurement, ensuring operational efficiency and strategic alignment with business objectives.

Procurement 52

Procurement Real-time Visibility e2e Chief Procurement Officer 52

Procurement Software

JANUARY 23, 2024

The 10 Hottest Germany-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Dr. Elena Mechik Date Founded: 2019 Visit Inhubber profile in our Software Finder 2.

Procurement 52

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

Supply Chain Trend

DECEMBER 22, 2023

However, only 3% of companies apply automated execution and 7% autonomous end to end planning. In that order, because we first have to be able to orchestrate and digitize the decision process, including all data, plans, parameters, and decision policies that feed into it, before we can augment or automate. I was a planner once.

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Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Procurement Software

JULY 18, 2023

eSourcing allows for sourcing planning by facilitating questionnaires and evaluations. The other three modules manage contracts, supplier relationships, and cost saving reporting, providing full transparency of the procurement process and offering data-based insights. It gives you full visibility of your spend data, all in one place.

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Purchasing Contract Negotiation Real-time Visibility 52

Supply Chain Game Changer

JANUARY 15, 2019

We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain. The rise of digital has a big part to play in that, with end-to-end visibility, S&OP, network planning, and AI and Blockchain will change it even more.

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