IBM Supply Chain Blog

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. A purchasing agreement between a client and vendor, for example, needs to evolve and go through different rounds of approval and be organized, accessible and compliant with regulations.

Real-time Visibility 54

Real-time Visibility Management e2e Supply Chain Efficiency 54

Jaggaer

OCTOBER 24, 2024

From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. It’s vital to ensure that you have the tools and technology needed to optimize your consolidated purchasing power across various centers.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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

Planergy

JANUARY 19, 2023

How to gain visibility and control of your indirect spend. This is an example of how the Pareto Principle can be applied to spend analysis; by focusing your efforts on reducing costs associated with stationery purchases, you could potentially save more money than if you were trying to reduce all office supply costs equally.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52