Spend Matters

FEBRUARY 13, 2025

This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Spend Matters

OCTOBER 4, 2024

So, the term ‘spend orchestration’ that some like to use is really just upgraded spend management. Cross-functional orchestration beyond intake. AI-enabled invoice coding is also offered based on historical coding patterns within the organization for more accurate suggestions.

Sustainability 112

Sustainability Spend management Real-time Visibility Supply Chain Optimization 112

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. Gather diverse insights, understand needs and manage expectations. Some may not agree with the proposed changes.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Empowering CPO

MAY 4, 2023

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Some of the key benefits include: 1. Develop a Comprehensive Procurement Strategy A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52