IBM Services

DECEMBER 13, 2023

The role of procurement extends beyond transactional activities. 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. What is a procurement strategy?

Administrative 73

Administrative Sourcing Collaborations Strategic Sourcing 73

Sourcing Captain

AUGUST 25, 2021

For this reason, strategic sourcing has become central to every organization’s procurement policy. Wikipedia defines Strategic Sourcing as: ” The process of developing channels of supply at the lowest total cost, not just the lowest purchase price. This motivates the supplier to offer the best services.

Strategic Sourcing 130

Strategic Sourcing Sourcing Supply Chain Management Manufacturing 130

Perficient Digital Transformation

NOVEMBER 6, 2023

Choosing the Right Solution: ERP vs. Order Management for Supply Chain and Customer Support In today’s complex business landscape, efficiently managing your supply chain and providing excellent customer support are critical to staying competitive and meeting customer expectations.

Supply Chain Management 52

Supply Chain Management Order Management Inventory Management Customer Support 52

Perficient Digital Transformation

OCTOBER 4, 2023

In the dynamic world of business-to-business (B2B) distribution, mastering the art of distribution can be both rewarding and challenging. Distributors play a crucial role in the supply chain, acting as intermediaries between manufacturers and end customers. Foster a culture of innovation within your organization.

E-Commerce 52

E-Commerce Supply Chain Management Regulations Streamline Operations 52

IBM Services

APRIL 20, 2023

All are transforming their procurement operations by leveraging state-of-the-art process mining and intelligent automation technology. Why process excellence matters A mid-size organization will spend the equivalent of several billion U.S. dollars annually in direct or indirect procurement.

Automation 72

Automation Co-Sourcing Finance Right-Sizing 72

Perficient Digital Transformation

MARCH 3, 2023

In our first blog in this series, Blockchain: The Secret Sauce to Supply Chain Visibility , we covered why visibility is so crucial in the supply chain for all parties and gave examples of firms using distributed ledgers to help improve customer service, reduce inventory costs, provide proactive status updates, and help mitigate risk.

Finance 64

Finance Regulations Management Accounting 64

Intugo

NOVEMBER 22, 2023

To meet changing customer expectations, deliver high-quality products, and grow business, all companies must rely on a growing ecosystem of supply partners. From maintaining office supplies to implementing software, managing facilities, or fully assembling products suppliers are vital to business success.

Strategic Sourcing 59

Strategic Sourcing Management Sourcing Collaborations 59

Future of Sourcing

MAY 9, 2023

We have all seen how the pandemic has affected businesses and led to the closure of many. If procurement teams are not future-ready now, their company can take a toll too and suffer badly, says Prasanna Rajendran is the Vice President at Kissflow. We have all seen how the pandemic has affected businesses and led to the closure of many.

Sourcing 52

Sourcing Collaborations Analytics Strategic Sourcing 52

Obobo

AUGUST 16, 2022

Direct vs. Indirect Procurement: What's the Difference? Essentially, procurement involves acquiring the supplies every organisation needs to function day-to-day. When you get into the details, you start to bring in all the supporting factors that make procurement work. What is Direct Procurement? Table of Contents.

Inventory Management 52

Inventory Management Manufacturing Engineering Efficiency 52

Everest Group

JULY 6, 2023

Confronted with significant challenges in managing their supply chain due to fragmented software solutions and data silos, retail and consumer packaged goods (CPG) enterprises need unified platforms that support the demand for customization while maintaining agility. Reach out for more information on this topic.

Retail 52

Retail Supply Chain Management Inventory Management E-Commerce 52

Everest Group

JUNE 16, 2023

Supplier diversity has become more than a compliance necessity as companies realize that intentionally including diverse outsourcing partners in their portfolios can improve business outcomes and positively impact society.

Outsourcing 52

Outsourcing Service Government Sourcing 52

SIG Speaks

JANUARY 4, 2024

It’s a long run. As procurement professionals, I believe that we have a huge influence on that. Optimalisation should focus on waste in the supply chain and remove materials that are harmful to the environment and people. Organizational goals should support it and be compliant with environmental laws and targets.

Strategic Sourcing 40

Strategic Sourcing Sourcing Engineering Outsourcing 40

NoonDalton

JULY 17, 2023

In the ever-evolving landscape of business, how we structure our workforce is changing. The future is already here, with half of business leaders affirming they plan to increase the use of external workers within the next 12 months, according to a recent Economist Impact survey sponsored by SAP. Why this sudden shift, you ask?

Human Resources 52

Human Resources Flexibility Sourcing Management 52

SirionLabs

JULY 26, 2022

For a long time, procurement was focused on reducing the cost incurred in the supply chain cycle. The procurement strategies at the start of the globalization era are a testament to that. This episode highlighted the need for a shift to a digital procurement strategy.

Regulations 52

Regulations Analytics Government Management 52

SirionLabs

JULY 26, 2022

For a long time, procurement was focused on reducing the cost incurred in the supply chain cycle. The procurement strategies at the start of the globalization era are a testament to that. This episode highlighted the need for a shift to strategic procurement. Where to find all the crucial procurement data?

Regulations 52

Regulations Analytics Government Management 52

SirionLabs

JULY 26, 2022

For a long time, procurement was focused on reducing the cost incurred in the supply chain cycle. The procurement strategies at the start of the globalization era are a testament to that. This episode highlighted the need for a shift to strategic procurement. Where to find all the crucial procurement data?

Regulations 52

Regulations Analytics Government Management 52

Infosys Consulting

APRIL 26, 2023

The Metaverse is abound with business opportunities, and some companies are already grasping these head-on. Experts Ralph Eckardt and Ruki Jayasuriya explain why the Metaverse matters and how it can enhance procurement. There are also significant growth possibilities in the supply chain space, especially in procurement.

Manufacturing 52

Manufacturing Collaborations Healthcare Marketing 52

Future of Sourcing

JULY 28, 2023

– How Calculum’s ADA Platform allows leading organizations to optimize their payment terms, aligned to their competitors and unlock working capital and generate millions in free cash flow.

Facilities Management 52

Facilities Management Robotics Process Automation Retail Strategic Sourcing 52

Planergy Software

MAY 5, 2022

How Strategic Procurement Can Give You a Competitive Advantage. Procurement Strategic Sourcing. How Strategic Procurement Can Give You a Competitive Advantage During challenging times, many procurement professionals would forego following procurement procedures in favor of a “hand-to-mouth” strategy. Written by.

Strategic Sourcing 59

Strategic Sourcing Sourcing Reduced Costs Supply Chain Management 59

Future of Sourcing

JULY 17, 2023

Procurement has historically been one of the last organizational functions to migrate to the cloud. million homes and businesses across the state without power for several days. But there are steps you can take now to emergency-proof your procurement operations and workflows for whatever the future holds.

Sourcing 52

Sourcing Software Efficiency Accounting 52

SIG Speaks

AUGUST 31, 2023

Procurement is an integral part of the process of acquiring goods and services from external parties that help drive the goals of an organization. This essential function is a part of every business, and a company must develop sound business models that ensure the process is efficient and effective.

Collaborations 40

Collaborations Strategic Sourcing Sourcing Efficiency 40

IBM Business Partners

JUNE 30, 2023

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ 3 tips for accelerating the path to a more resilient and sustainable automotive supply chain 1.

Manufacturing 67

Manufacturing Inventory Management Reduced Costs Order Management 67

Perficient Digital Transformation

FEBRUARY 7, 2023

Ray Kroc realized the suppliers of McDonald’s were making more money than McDonald’s itself and immediately implemented an open-books process in which suppliers would be obligated to share their financial statements with McDonald’s. Companies advertise this service as a distinguishing feature of why customers should choose to use them.

Cost Control 64

Cost Control Retail Customer Service Management 64

Obobo

JULY 29, 2022

Direct vs. Indirect Procurement: What's the Difference? Essentially, procurement involves acquiring the supplies every organisation needs to function day-to-day. When you get into the details, you start to bring in all the supporting factors that make procurement work. What is Direct Procurement? Table of Contents.

Inventory Management 45

Inventory Management Manufacturing Management Engineering 45

Planergy Software

AUGUST 8, 2023

It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement.

Sourcing 52

Sourcing Strategic Sourcing Finance Automation 52

Perficient Digital Transformation

MAY 4, 2023

Control Tower Tale from the 1970s Many of Perficient’s Supply Chain consultants work long hours talking with executives about how their companies handle information, including procurement and information flow between their companies and suppliers. Thus, a chain of stores began to grow.

Supply Chain Management 64

Supply Chain Management Inventory Management Sales Reduced Costs 64

Obobo

OCTOBER 13, 2021

What is Procurement Management? The procurement management function makes sure that all the processes involved in a business’s acquisition of products, materials, goods , and services run smoothly. Why is Procurement Important? So what makes procurement so important?

Management 52

Management Supply Chain Management Sourcing Efficiency 52

Future of Sourcing

APRIL 7, 2023

In this series, Future of Sourcing is talking to practitioners, technologists and executives to get their insights and expertise on navigating current and future challenges impacting sourcing, procurement, risk and supply chain professionals. As a software company, our supply chain is fairly small.

Redistribution 59

Redistribution Regulations Risk Management Risk Management 59

Obobo

JANUARY 23, 2023

Procurement- The Ultimate Guide to Procurement and Software Introduction to procurement Procurement is the process of acquiring goods or services. It includes the evaluation, selection, and purchase of materials, products, services, and contracts. This can usually be done What is procurement?

Software 52

Software Right-Sizing Sourcing Out-Tasking 52

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. However, managing procurement can be costly, and costs can add up quickly.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52

Perficient Digital Transformation

NOVEMBER 8, 2021

Have you visited your local Starbucks recently, anticipating the delightful first sip of your favorite coffee or tea only for the barista to tell you they can’t make it due to supply shortages? You can’t read the news without seeing an article that headline the supply chain. But today’s climate is very complex.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

Planergy Software

JULY 5, 2022

ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is. Download Free Copy. Written by. Rob Biedron. 17 min read.

Supply Chain Management 52

Supply Chain Management Sourcing Manufacturing Finance 52

Perficient Digital Transformation

JANUARY 25, 2022

Bob Vanek is the chief strategist for Perficient’s supply chain practice. Over time and after Andersen Consulting became Accenture, outsourcing was a much more significant portion of its business. The global nature of our business, from our people to our clients, brings lots of diversity. Denver & Dentists.

Engineering 114

Engineering Management Jobbing Outsourcing 114

Obobo

MARCH 20, 2023

What Is Direct And Indirect Procurement And Why Is It Important? Procurement is a crucial aspect of any business’s success. It involves acquiring goods and services for the organization to operate efficiently, sustainably, and profitably. However, not all procurement processes are the same or yield similar results.

Accounting 40

Accounting Sourcing Service Efficiency 40

Obobo

DECEMBER 20, 2022

A supplier management system helps companies organize their supply chains , monitor their suppliers, and manage the overall process from start to finish. It’s an efficient way for businesses to streamline the procurement and sourcing process , as well as ensure compliance with regulations.

Management 52

Management Reduced Costs Efficiency Out-Tasking 52

Everest Group

FEBRUARY 9, 2023

What better way to find out how ChatGPT will impact the Business Process Services (BPS) market than to ask the trained chatbot itself this question? It can provide quick and accurate responses to candidate inquiries, improving the overall candidate experience and making the hiring process more efficient.

Data Entry 52

Data Entry Supply Chain Management Out-Tasking Finance 52

Obobo

AUGUST 25, 2022

An organization can take advantage of its consolidated purchasing power and use that to find the best value in the marketplace as well as align its purchasing strategy to meet the business goals of the organization by using strategic sourcing , an approach to supply chain management that formalizes the way information is gathered and used.

Strategic Sourcing 59

Strategic Sourcing Sourcing Supply Chain Management Right-Sizing 59