Procurement

What’s the Business Case for Procurement Analytics?

    All too often, procurement strategies and\or programs seem to fall short of their optimal outcomes. The culprits are usually: Inefficient processes or systems Personnel constraints or limitations Lack of collaboration or stakeholder engagement Lack of proper analysis of the challenge and measurement of results Technologies, particularly connected and centralized ones, that automate and […]

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Top 5 Trends Shaping the Modern Procurement Landscape

  We make it a point to stay ahead of the curve and understand the critical challenges and priorities for procurement organizations at Fortune 1000 and Global 2000 companies. The IBM Institute for Business Value (IBV) Chief Procurement Officer (CPO) Study is a prime example. The IBM IBV CPO Study surveyed more than 1,000 procurement executives across 41 countries […]

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Procurement Analytics: Intelligence to Drive More Effective Procurement Strategies

What is the source of procurement’s value to the enterprise? How do organizations become more effective and efficient in achieving sustainable savings? In mitigating risk? How can procurement deliver even greater value to the enterprise? These questions are essential to the continuous improvement of the procurement function. They are the questions at the foundation of […]

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5 Key Findings from Procurement Analytics: Enabling the Journey to Value

Last week on the IBM Commerce blog, we provided a brief overview of the newly released research report Procurement Analytics: Enabling the Journey to Value. Today, we provide a further preview by outlining 5 key findings from the report. Procurement Analytics: Enabling the Journey to Value, as a follow up to the global IBM IBV […]

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Procurement Analytics: Insights and Best Practices from CPOs

In early 2015, IBM released the IBM IBV Chief Procurement Officer Study to examine the strategies and attributes of the world’s most successful procurement organizations. The study was based on a survey of more than 1,000 procurement executives,and the strategies of the top 10% of these procurement organizations were examined in depth. The CPO Study […]

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Connecting Source-to-Pay Processes is a Top Priority of Leading Procurement Organizations

Do you have unacceptable levels of savings leakage or off-contract spending? Does poor supplier visibility often lead to poor business decisions by your procurement team? Chances are your main culprits are disconnected processes—and solutions. Global companies face significant challenges to identify, capture and sustain savings—particularly when upstream and downstream processes are not well connected. This […]

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Driving Efficiency and Efficacy in Contract Management

Last week I had the opportunity to listen to the Supply Chain Solution Manager at ConocoPhillips, the $62 billion global energy company, speak about how his company streamlined and built a more effective contract management process by leveraging IBM Emptoris Contract Management. Taylor Smith presented a case study that echoed many of the challenges that […]

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3 Agile Development Principles to Apply to Contract Development

More doesn’t always equate to better when drafting contract language. I think that’s a principle most contracting organization’s ascribe to and seek to achieve at some level.   Thus, naturally, I was intrigued to catch Carol Savage’s talk at the IACCM Americas Forum last week, where she discussed the IBM Cloud Services Agreement (CSA). The IBM […]

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Uncovering Risk in the Supply Chain

I had the pleasure of meeting Lou Ferretti almost a decade ago when I first joined the IBM integrated supply chain team as a new hire out of graduate school. He was presenting on supply chain innovation and risk, and as a recent MBA graduate in the supply chain field, I was hooked. Fast forward […]

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Debunking 3 Common Myths about Contract Management Technology

During a recent International Association for Contract and Commercial Management (IACCM) conference, I participated in an executive roundtable discussion facilitated by Tim Cummins, the chief executive of IACCM, and attended by about a dozen procurement, legal and contract leaders mostly from Fortune 1000 and Global 2000 companies. During the session, Cummins noted that 62 percent […]

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Why Procurement Should Lead the Way on Corporate Social Responsibility

What kind of Chief Procurement Officer (CPO) gets a seat at the corporate leadership table? According to the IBM Institute for Business Value (IBV) Chief Procurement Officer (CPO) Study, one of the largest known surveys of procurement leaders, the key attributes of leading procurement organizations are that they are capable, influential and innovative. The study […]

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New Study: Managing Telecom Expense Management Reaps Big Rewards For Fortune 1000 Companies

Telecom Expense Management (TEM) is a mature and widely adopted corporate best practice which can deliver sustained savings of up to 10 to 20 percent, according to a new survey conducted by CCMI, a telecom data and information firm. The findings are the result of a cross-industry survey conducted by CCMI with senior executives from […]

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