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

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

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 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Stakeholders : Procurement involves multiple internal stakeholders across the organization. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk.

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

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

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. Coordinating and optimizing this intricate network can be challenging, leading to inefficiencies and higher costs. Introduction A.

supply chain budgeting 52

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

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

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

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. Within this domain, spend analysis plays a pivotal role in enabling informed decision-making and optimizing procurement processes.

Real-time Visibility 40

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

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. For example, they can analyze traces to see how long each component of their application takes to process a request and optimize accordingly.

Real-time Visibility 55

Real-time Visibility Import e2e Product management 55

IBM Supply Chain Blog

NOVEMBER 30, 2023

A talent acquisition strategy is a comprehensive plan an organization develops to optimize its talent acquisition—the identification, attraction and retention of the right talent. Communicate with transparency. This helps create a smoother and more efficient experience.

Strategy 61

Strategy Sourcing Leadership Networking 61

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