Remove Inventory Management Remove Order Management Remove Risk Management Remove Sourcing
article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

article thumbnail

What is a Procurement Project Management Software? – Definition

Obobo

SAP Ariba: This software is a cloud-based solution that helps organizations manage their procurement processes. It includes features such as contract management, sourcing, and supplier relationship management. It includes features such as spend analysis, sourcing, contract management, and accounts payable automation.

article thumbnail

Business process management (BPM) examples

IBM Services

By connecting workflow management, centralizing data management , and fostering collaboration and communication, BPM enables organizations to remain competitive by providing access to accurate and timely data. Workflows can be established that govern each stage of the procurement lifecycle, from sourcing to payment.