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OrderFulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Organizations aim to maximize this.
It helps bring predictability to StrategicSourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. Collaborating with the suppliers without any systems would mean wasting time searching through voicemails, printed documents, and email threads to locate the needed information.
At the same time, it also provides AI-powered management of contractual obligations and deliverables. Matchory Matchory is a German procurement startup offering a data-driven strategicsourcing solution. This collects supplier data from a range of sources, then applies machine learning and other technologies to analyse it.
Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.
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