IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. 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

World of Procurement blog

MAY 8, 2024

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

TYA Suite

JULY 17, 2024

Traditionally, procurement strategy entails meticulous planning to procure goods and services efficiently, aligning with organizational goals. With digital tools and automation, businesses can enhance procurement efficiency, streamline processes, and leverage data for informed decision-making. to meet the unique needs of each category.

Procurement strategies 40

Procurement strategies Strategy Supply Chain Efficiency Procurement 40

Procurement Heads

APRIL 5, 2023

So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward. I sometimes wonder actually, how did I end up here?

Procurement 130

Procurement Agile and Lean Supply Chain Collaboration Supply Chain Efficiency 130

Procurement Heads

APRIL 5, 2023

So, they had created this whole business case, and they started talking about what was possible from a procurement perspective but had missed the whole point about stakeholder engagement and business requirements going forward. I sometimes wonder actually, how did I end up here?

Procurement 130

Procurement Agile and Lean Supply Chain Collaboration Supply Chain Efficiency 130

The Good Spending

AUGUST 23, 2022

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Value as the downstream effect of procurement In this post, we explained the differences between the efficiency and effectiveness of public procurement. Moderation.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

Una

NOVEMBER 29, 2023

But with the elves’ help, Santa is able to put his freed-up time to valuable use, with activities such as mapping out the most fuel-efficient route around the globe, analyzing the data on his naughty and nice lists, and spending some quality time with Mrs Claus. Things you can do while a GPO works behind the scenes And what about you?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

The Procuretech Podcast

OCTOBER 10, 2023

Throughout the episode, the importance of effective change management and stakeholder engagement in procurement is underscored, emphasising the need for improved strategies and communication in the field. 00:25:48] Boom in sustainability and supply chain transparency reporting software.

supply chain software solutions 40

supply chain software solutions Stakeholder engagement supply chain budgeting Supply Chain Efficiency 40

Spend Matters

OCTOBER 4, 2024

This last requirement may be rather technical, but the enabled capabilities allow for earlier, deeper and tailored stakeholder engagement to provide better experience/satisfaction, adoption — which, ironically, is a characteristic that Coupa has continually held as the North Star — spend compliance and influence on pre-sourced spend.

Sustainability 81

Sustainability Spend management Real-time Visibility Supply Chain Optimization 81

TYA Suite

NOVEMBER 25, 2024

This approach involves analyzing the entire supply chain to ensure that products are sourced, produced, and disposed of in ways that are ethical and eco-friendly. By prioritizing energy-efficient products and sustainable materials, organizations can reduce their operational expenses over time.

Sustainability 40

Sustainability Import Supply Chain Efficiency Procurement 40

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Claritum

JUNE 13, 2019

To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Speed of supply.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32

Skill Dynamics

NOVEMBER 13, 2023

This also lets us regularly communicate each learner’s progress against their KPIs to all stakeholders, which helps to promote transparency and accountability throughout the training process. At Skill Dynamics, each learner within a business that partners with us undergoes a skills gap assessment.

Strategy 52

Strategy Stakeholder engagement Supply Chain Efficiency Data 52

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. Managing facility-related spend is crucial for optimizing costs while ensuring a safe and efficient healthcare environment. Introduction A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

IBM Supply Chain Blog

NOVEMBER 30, 2023

Communicate with transparency. Attend industry events: Participate in conferences, webinars, speaking engagements, award competitions and other events to establish a presence and engage with potential candidates. This helps create a smoother and more efficient experience.

Strategy 61

Strategy Sourcing Leadership Networking 61

IBM Supply Chain Blog

AUGUST 2, 2023

But now, IT is much more of a team sport, and the older approaches aren’t always effective or cost-efficient. In the past, organizations may have relied on SREs to troubleshoot and remediate incidents. But the bottom line is that the adoption of cloud-native design patterns makes it necessary to have observable systems.

Real-time Visibility 55

Real-time Visibility Import e2e Product management 55

Empowering CPO

JUNE 27, 2023

As organizations strive to stay competitive, they are increasingly recognizing the need to leverage digital technologies to streamline processes, improve efficiency, and drive growth. This facilitates better supplier relationship management, enhances transparency, and enables effective supplier performance monitoring.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Data 40

Procurement Software

APRIL 9, 2024

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. So, we need to get them working more efficiently. Like it or not, part of a successful stakeholder engagement strategy is marketing. These are knowledge workers.

Category management 40

Category management Procurement supply chain budgeting Budget 40

SCMDOJO

JANUARY 15, 2025

Embarking on a supply chain career offers exciting opportunities, but success requires understanding the diverse roles and specializations within the field. Mid-Level Opportunities Mid-level roles, like supply chain analysts and procurement specialists, involve process evaluation, supplier negotiations, and team supervision.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Supply chain 52