IBM Supply Chain Blog

NOVEMBER 3, 2022

Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.

Supply Chain Efficiency 107

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Supply Chain Optimization 107

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

Let's Talk Supply Chain

FEBRUARY 27, 2025

Technology integration: ‍ The integration of advanced technologies like autonomous vehicles and route optimization software is expected to streamline operations and potentially reduce costs,influencing the direction of trucking rates.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 52

ivalua

MAY 30, 2022

As the demands on supply chains continue to increase, so do the expectations of consumers. Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Leveraging Technology to Transform The Supply Chain.

Supply Chain Efficiency 130

Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization 130

Positive Purchasing

NOVEMBER 9, 2023

Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function. I am sure you are comfortable being flexible and agile when buying something different, or sourcing from an alternative more sustainable supplier.

Sustainability 111

Sustainability Category management supply chain budgeting Influencing 111

Procurement Tactics

JULY 4, 2023

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. 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. Analyze Cost Drivers Identify the key factors that impact each cost element.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

SCMDOJO

SEPTEMBER 24, 2024

Make vs Buy Analysis is an essential decision-making tool in supply chain management that significantly influences profitability, flexibility, and competitiveness. It helps businesses decide whether to produce goods internally (make) or source them externally (buy), weighing costs, quality, scalability, and capacity.

Supply Chain Efficiency 98

Supply Chain Efficiency supply chain budgeting Supply chain management Supply chain management 98

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. However, you may wonder what kind of practices really work.

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

SCMDOJO

AUGUST 21, 2023

Try this as a tongue twister: “Tripping through tantalizing TikTokers, tenfold to transform your tangled supply chain!” In our digital age, where viral trends dominate, TikTok’s influence now extends to supply chain management. Discover the Top 10 TikTokers reshaping how you view supply chains.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 98

Skill Dynamics

JANUARY 14, 2025

Finance and Cost Management Being able to efficiently and effectively manage and control procurement budgets and general costs will lead to stronger financial control across your business , increased cost efficiencies, and a better allocation of resources, which allows you to enhance profitability and improve your team.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Supply Chain Game Changer

JANUARY 10, 2020

Subscribe to Supply Chain Game Changer. How Eco-Friendly Packaging is Impacting Sustainability! Reducing packaging costs can have a huge influence on your business’ overall profit, hence it’s worthwhile taking time to find the right packaging solution for your companies specific products and customers needs.

supply chain budgeting 54

supply chain budgeting Sustainability Supply chain Quality 54

SCMDOJO

MARCH 19, 2024

Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e supply chain software solutions 98

Jaggaer

MARCH 19, 2025

Of course, the political systems in each country influence what can and cannot be done. Procurement today has three overarching objectives: to maximize profitability, minimize risk, and optimize sustainability. We want to reduce costs. Procurement has changed But how does all this affect us in the procurement community?

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Procurement Insights

MARCH 16, 2025

MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. Improved Outcome: Procurement teams get context-aware supplier suggestions , reducing risk and improving supplier relationships. ABM simulates market dynamics and predicts future supply chain risks.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Planergy

MARCH 19, 2025

Managing these suppliers isnt just about making purchases; it ensures smooth operations, cost savings, and quality education. However, budget restrictions and transparency requirements present challenges. Cost Efficiency: Thoughtful management helps schools meet financial goals by eliminating waste. What is Supplier Management?

Suppliers 52

Suppliers Management supply chain budgeting Supply Chain Efficiency 52

Procurement Tactics

JULY 23, 2023

His ideas greatly influenced the development of Kaizen. The 5S of Kaizen The 5S methodology in Kaizen is based on the initial letters of five Japanese words: Seiri (Sort), Seiton (Straighten), Seiso (Shine), Seiketsu (Standardize), and Shitsuke (Sustain). Edwards Deming, an American expert in quality management.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Supply Chain Efficiency Procurement team Quality 196

Supply Chain Game Changer

MAY 24, 2021

Subscribe to Supply Chain Game Changer. Why is Supply Chain Such a Great Career Path? The world of supply chain management is constantly changing, helping companies to become increasingly efficient and profitable across the entire supply chain. GET our EBOOK HERE. Talent development.

supply chain budgeting 98

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Supply chain 98

Jaggaer

FEBRUARY 25, 2020

Talk of corporate sustainability and responsibility is higher than ever. Get the details on building sustainable supplier relationships. Register for our webinar, The Virtual Path to Sustainability. Why Corporate Sustainability S tarts with P rocurement. It’s Not Easy Being Green.

Sustainability 71

Sustainability supply chain budgeting Supply Chain Efficiency Procurement 71

Procurement Templates

JANUARY 17, 2024

UK: Procurement in the UK is influenced by European Union regulations (although the UK left the EU, some regulations may still be applicable) and national legislation. UK: Public procurement in the UK places a significant emphasis on social value, sustainability, and environmental considerations.

Procurement 130

Procurement supply chain budgeting Export Competitive bidding 130

Procurement Templates

APRIL 15, 2024

These traits can influence various aspects of decision-making, including procurement decisions in businesses. Here’s how each of these traits might influence procurement: Openness to Experience: Innovation Preference: Individuals high in openness tend to be more open to new ideas, technologies, and approaches.

Influencing 130

Influencing Negotiation Risk Innovation 130

Positive Purchasing

MARCH 14, 2024

Jonathan O’Brien, CEO of Positive Purchasing , author, and global procurement thought leader, outlines his effective approach to assessing the current levels of sustainability in your supply chain, then prioritizing where and how to focus your resources to make the greatest positive impact. how we are closing the “gap”).

supply chain budgeting 52

supply chain budgeting Sustainability Agile and Lean Supply Chain Supply chain 52

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Una

JUNE 1, 2023

From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome. Make a real impact in ESG and sustainability Procurement is not just about reducing costs ; it’s also about driving innovation and embracing sustainable practices.

Procurement 98

Procurement supply chain budgeting Sustainability Negotiation 98

Supply Chain Game Changer

AUGUST 6, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. The physical supply chain is not easily changeable.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

SCMDOJO

AUGUST 10, 2024

To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Their strategic decisions now influence overall business performance.

Supply Chain Efficiency 98

Supply Chain Efficiency Logistics Strategy supply chain budgeting 98

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Analysis should be focused on risks and opportunities while factoring in all costs and sources of added value.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Supply Chain Trend

APRIL 2, 2018

With it roots in the supply chain, this S&OP 1.0 had a strong focus on supply chain performance like improving customer service, decrease inventory and drive asset utilization. but it remained a side thought next to supply chain focused language and solutions. Influence the company culture.

supply chain budgeting 107

supply chain budgeting Influencing Supply chain Leadership 107

The Good Spending

AUGUST 23, 2022

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. The business must engage its stakeholders to effectively create, trade, and sustain value. Cost avoidance Future years. Commodity or CPI index-related prices (e.g., Demand reduction.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Supply Chain Trend

OCTOBER 14, 2016

Coach to S ustain : To further cement these initial preferred S&OP behaviours and make the newly build S&OP foundation more sustainable, two other core elements of S&OP behaviour need to be developed. We need to coach to sustain and improve Trust and Communication. S&OP behavioural maturity and the Net Promotor Score.

supply chain budgeting 84

supply chain budgeting Supply Chain Efficiency Influencing Stakeholder engagement 84

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? CERTIFICATE COURSES Related courses about this subject 1.

Price 130

Price Purchasing Raw materials Negotiation 130

Supply Chain Game Changer

JULY 1, 2021

Subscribe to Supply Chain Game Changer. Sustainable Packaging! If there is any stage that can affect the supply chain process, it is the packaging. While you might not have control over what happens during transportation and delivery, optimizing your packaging solution is the only way to reduce such issues.

Supply Chain Optimization 95

Supply Chain Optimization supply chain budgeting supply chain software solutions Supply chain management 95

Supply Chain Game Changer

MARCH 9, 2022

Subscribe to Supply Chain Game Changer. Procurement operations are the backbone of every company’s supply chain. Fundamental to procurement is the acquisition of goods and services from a party that’s further up the supply chain. appeared first on Supply Chain Game Changer™.

Procurement 108

Procurement Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 108

Positive Purchasing

JULY 26, 2023

Jonathan O’Brien , CEO of Positive Purchasing , author, and global procurement thought leader, outlines an effective approach to creating a road map for embedding a sustainable procurement initiative in your business. I am not going to catalogue all the reasons why embedding effective sustainability in an organization is so vital.

Sustainability 52

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 52

Positive Purchasing

MARCH 18, 2024

Jonathan O’Brien, CEO of Positive Purchasing , author, and global procurement thought leader, outlines his effective approach to assessing the current levels of sustainability within your supply base, then prioritizing where and how to focus your resources to make the greatest positive impact.

Sustainability 52

Sustainability supply chain budgeting Budget Supply 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Empowering CPO

MAY 11, 2023

The Importance of Sustainable Procurement In today’s rapidly evolving global economy, businesses and organizations must look beyond traditional procurement practices to ensure long-term success and positive impact. Understanding Sustainable Procurement A. Introduction A.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Spend Matters

MARCH 11, 2024

Coventry Building Society – Engaging suppliers in sustainability When you are tied to commercial and delivery imperatives, and even though you may have carbon-reduction initiatives in place, sustainability conversations with your suppliers are tough. We attended two excellent sessions.

Procurement strategies 111

Procurement strategies Innovation Strategy Procurement 111