IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Procurement Tactics

JULY 23, 2023

For example, the procurement team looks at their office supplies and finds some outdated technology accessories and too many stationery items that they rarely use. This involves closely aligning procurement with production requirements, and procuring materials and supplies in quantities that meet immediate production needs.

Agile and Lean Supply Chain 196

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

ivalua

FEBRUARY 27, 2023

How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. Manufacturers, take charge of your supply chain!

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Strategic sourcing is a part of the supply chain and puts an emphasis on customized solutions and strategic partnerships.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

DECEMBER 14, 2020

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

Procurement Templates

MARCH 3, 2024

Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation. Risks may include budget constraints, supply chain disruptions, quality issues, legal compliance, etc.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Procurement Templates

JUNE 18, 2023

ChatGPT Procurement departments can take several steps to manage inflation effectively. Here are some strategies and practices that can be implemented: Long-term contracts: Procurement teams can negotiate long-term contracts with suppliers that include price adjustment mechanisms.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

Spend Matters

JANUARY 12, 2024

Procurement priorities will shift as budgets increase Driven by expected budget increases in 2024, procurement teams globally will make a dramatic shift in how they spend their time, placing an added emphasis on pursuing ESG goals.

Procurement solutions 107

Procurement solutions Procurement supply chain budgeting Procurement team 107

Una

SEPTEMBER 6, 2022

Have you ever been asked to “do more with less” in procurement? Perhaps the size of your team has been reduced, your function’s operating budget has been cut, or there is an organization-wide drive to eliminate waste and increase efficiency. Running a procurement function on a tight budget.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. It also ensures that the procurement process is aligned with financial targets and objectives.

Supply Chain Efficiency 178

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

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

What makes FIFO (First-In, First-Out) such a vital strategy for inventory management in Purchasing and Procurement? In the fast-paced and ever-changing world of supply chains, FIFO stands out as a simple yet transformative approach. FIFO enables leaner operations, reduces costs, and ensures accurate inventory valuation.

Procurement team 52

Procurement team Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52

Arkestro

JULY 30, 2024

Resources / Blog / Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain Cars on Demand: Production to Order is Changing the Automotive Industry’s Supply Chain The automotive industry has always been at the forefront of implementing innovative production methods to meet consumer demands efficiently.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization Demand 52

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. By combining spend visibility with insights from AI, procurement teams are better equipped to implement category-specific cost savings initiatives.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

ivalua

APRIL 23, 2021

The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.

Collaboration 130

Collaboration Procurement team supply chain budgeting Bill of materials 130

Arkestro

JULY 2, 2024

One method that has gained popularity in recent years is the Just in Time (JIT) supply chain strategy. These include the minimization of waste in inventory and production, a focus on continuous improvement and optimization of processes, and the crucial emphasis on timely delivery of goods and components.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency supply chain budgeting 52

Procurement Tactics

JULY 20, 2023

But with Supplier order management software, businesses can now automate and optimize these processes, resulting in improved efficiency, cost savings, better customer services, reducing manual errors, and optimizing the overall procurement flow. Supplier Order Management Software: What it is?

supply chain software solutions 134

supply chain software solutions Suppliers Management Purchase orders 134

ivalua

MAY 6, 2021

The past few years have been a boon for procurement, which has become increasingly strategic and critical to business. The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line.

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. General Cost Reductions: Maybe it is just one of the advantages of eAuctions, but it is still significant!

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Templates

DECEMBER 11, 2024

Sustainability and Compliance: Ensure procurement activities align with environmental, social, and governance (ESG) standards and regulatory compliance. Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. projects you can follow the treasury green book.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , So there was a lot of opportunity to do more and make a bigger impact.

Influencing 90

Influencing Procurement supply chain budgeting Strategic sourcing 90

Arkestro

AUGUST 22, 2023

Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain The Power of Predictive Procurement Orchestration for Food & Beverage Supply Chain Food and beverage procurement professionals have had their work cut out for them during the last few years.

Food and Beverage Supply Chain 52

Food and Beverage Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

JANUARY 18, 2023

Since raw materials are expensive—accounting for anywhere from 50% to 70% of sales revenue for chemical companies —procurement is in the spotlight. Reducing costs in the industry by even a fraction has a huge impact on profitability. This means procurement will need to be innovative.

Raw materials 94

Raw materials Procurement supply chain budgeting Supply Chain Efficiency 94

Jaggaer

OCTOBER 24, 2024

The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. Real-time inventory management- powered by AI, increases your procurement team’s visibility into available inventory.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Jaggaer

MARCH 7, 2025

In an era where digital transformation is reshaping industries, government procurement is no exception. Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency.

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Arkestro

DECEMBER 5, 2024

Predictive Procurement is the latest evolution in digital procurement processes. It leverages advanced technologies to optimize and automate procurement cycles and predict more favorable outcomes. This process ultimately leads to faster delivery times, more significant cost savings, and improved supply chain resilience.

Supply Chain Optimization 52

Supply Chain Optimization Procurement Supply Chain Efficiency Supply chain resilience 52

SCMDOJO

APRIL 26, 2023

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Arkestro

DECEMBER 26, 2024

Staying on top of the ever-changing procurement landscape in 2025 is paramount to staying competitive. As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

ivalua

MARCH 9, 2023

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Skill Dynamics

OCTOBER 19, 2023

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

Supply Chain Optimization 52

Supply Chain Optimization Strategy Procurement Vendor management 52

Skill Dynamics

JANUARY 14, 2025

Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Arkestro

FEBRUARY 20, 2024

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% How does Predictive Procurement Orchestration Work? The result?

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Procurement Supply Chain Efficiency 52

Arkestro

DECEMBER 3, 2024

SAN FRANCISCO, CA, December 3, 2024 – Arkestro is excited to announce its partnership with the Infor Marketplace , a powerful collaboration designed to enable AI-driven procurement, sourcing, purchasing, and supply chain management transformation for enterprise manufacturing teams worldwide.

Influencing 52

Influencing supply chain budgeting Supply Chain Optimization Procurement team 52

Arkestro

OCTOBER 10, 2023

Then we’ll discuss how AI and other innovative technologies are removing current complexities, allowing oil and gas companies to reduce costs, optimize supply chains, and make data-driven decisions. As a result, the industry’s efficiency is falling while operational costs rise. trillion.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Arkestro

JANUARY 9, 2024

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. As we move into 2024, procurement teams continue to face hurdles like supply chain volatility, geopolitical tensions, budget restrictions, talent shortages, and more.

supply chain budgeting 52

supply chain budgeting Supply chain resilience Procurement Supply Chain Optimization 52

Spend Matters

JULY 27, 2023

We recommend considering a few things to gauge your maturity levels such as the company’s goals, current procurement process, budget and resources, risk tolerances, etc. Centralize new supplier intake Too many procurement teams operate without centralization, leading to the chaos of disparate teams working on disparate projects.

Suppliers 98

Suppliers Supply Chain Efficiency Risk management Procurement team 98

Arkestro

JULY 6, 2023

Plant shutdowns, production disruptions, supply shortages, and demand surges wreaked havoc on the automotive world in 2020. And unfortunately, many of those same issues are major pain points for procurement teams today. million cars from production due to ongoing supply chain issues and semiconductor shortages.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Procurement 52