Spend Matters

OCTOBER 4, 2024

So, the term ‘spend orchestration’ that some like to use is really just upgraded spend management. TPRM is a huge opportunity right now, as document-centric approaches die when they reach the scale needed to perform supplier management (i.e., See our risk management guide and ongoing TPRM coverage.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

IBM Supply Chain Blog

DECEMBER 13, 2023

Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan. Gather diverse insights, understand needs and manage expectations. Stakeholder engagement is key to ensure the strategy is well-planned and supported throughout the organization.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Empowering CPO

MAY 4, 2023

Involve all stakeholders: Engage procurement professionals, suppliers, and other relevant stakeholders in the process, ensuring their buy-in and support. Supplier segmentation: Group suppliers based on factors such as criticality, performance, and risk, to prioritize resources and efforts accordingly.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52