IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective. Purchasing is also where value is captured (i.e.,

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

MAY 11, 2023

There are many procurement software solutions available, so it’s essential to first define your specific needs. Look for solutions that streamline your procurement process, improve visibility, and enhance collaboration. Join Una now or book a no-obligation discovery call to learn how group purchasing can work for you.

Procurement 98

Procurement Real-time Visibility e2e Purchasing 98

Una

JULY 28, 2022

Understanding the technology is essential, otherwise procurement will be working in the dark trying to source an IT product they do not really understand. They know what software they want and can be highly resistant when the procurement team attempts to get involved in the purchasing decision. Subscribe to Unaversity.

Procurement 98

Procurement supply chain budgeting Procurement team e2e 98

Spend Matters

OCTOBER 4, 2023

The power of supplier diversity in procurement: Driving business success through inclusion — Whether they are carrying out their own CSR strategy or responding to third-party initiatives and demands, businesses have their role to play in encouraging greater diversity among their suppliers.

Procurement 107

Procurement e2e Contract Sourcing 107

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. A well-managed P2P process improves operational efficiency, controls costs, and enhances compliance with procurement policies.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Pipefy

MAY 23, 2023

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Below we’ll cover digital procurement solutions, essential features, and their benefits for optimized digital procurement workflows.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Claritum

NOVEMBER 16, 2018

Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Certainly wasting procurement time in irrelevant details.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Pipefy

DECEMBER 20, 2023

What is strategic procurement? Strategic procurement, or procurement strategic planning, is a process that aligns procurement strategy with business goals so as to yield business benefits through procurement. It also benefits end-to-end procurement management since visibility and transparency are emphasized.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 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. Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies.

Real-time Visibility 52

Real-time Visibility e2e Contract Procurement team 52

Pipefy

JANUARY 11, 2023

A procurement transformation roadmap serves as a detailed brief of steps, timelines, risk planning, communication and collaboration needs or changes, and resources — whether it’s people or technology — that are required to achieve procurement transformation and sell the final vision to key stakeholders, such as leaders and procurement teams.

Strategy 52

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

Pipefy

JANUARY 5, 2023

These include the need for greater efficiency and the desire to build procurement processes with more structure and less fragmentation. Regardless of the reason behind the change, digital procurement delivers several key benefits to both procurement teams and the business as a whole. Enhancing visibility and control.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Pipefy

NOVEMBER 24, 2023

In fact, 98% have plans for investments or upgrades in analytics and insights tools, automation, and AI-driven optimization of purchasing decisions. Today, procurement tools are too useful and readily available to ignore. What are procurement tools? What are e-procurement tools?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

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

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. 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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Empowering CPO

JUNE 25, 2023

In the context of procurement, spend analysis is like a compass—it helps businesses navigate the complex terrain of their spending habits. In essence, spend analysis turns data into actionable insights, enabling businesses to make procurement a strategic, value-adding function.

Procurement 52

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

Claritum

AUGUST 4, 2020

Introduction Procurement is a complex. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. the procurement function. is to move Procurement away from being a transactional based. Address procurment strategy.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

Procurement Software

JUNE 4, 2024

For this list, we looked at procurement software that focuses on either direct materials or purchased parts. The company specialises in procurement software that streamlines purchase order management and supplier collaboration. These are predominantly focused on indirect spend and transactional efficiency.

Supply Chain Efficiency 52

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

Procurement Software

FEBRUARY 6, 2024

Workfellow offers a next-generation end-to-end visibility into workflows, systems usage, and tasks. Furthermore, the platform offers easy integrations with third party procurement data solutions, along with data integration with any existing ERP software. Ignite also places an emphasis on reliable data encryption.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. 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.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Pipefy

MAY 9, 2023

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

Procurement 52

Procurement Real-time Visibility supply chain budgeting Procurement team 52

HICX

NOVEMBER 29, 2022

As Adam Brown , Managing Director, Procurement Strategy & Digital Transformation at Maersk , points out in a recent interview with HICX, “The sheer multitude of touchpoints for suppliers when transacting with many large enterprises can create confusion and inefficiencies.”?. Have I got a purchase order? How do I get paid?

Suppliers 52

Suppliers e2e Purchase orders Data 52

Spend Matters

AUGUST 10, 2023

In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. The collaboration’s implications reach far beyond the immediate realm of tail spend in procurement.

Spend management 97

Spend management Management e2e Vendor management 97