Procurement

IDC: Launch of Watson Supply Chain Looks to Address Gaps in Data Analytics and Resources

This week, at World of Watson in Las Vegas, IBM announced the launch of Watson Supply Chain, leveraging their Watson cognitive/artificial intelligence (AI) technology to change the paradigm of how manufacturing supply chains are operated and optimized. As IBM notes on their Watson Supply Chain website, “By establishing greater visibility into supply chain data and […]

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Meet Watson: Your Supply Chain Analyst, Advisor, and Assistant

Yesterday, we IBMers unveiled Watson Supply Chain to the world – and we’re pretty giddy about it! (Hopefully, after reading this post, you will be, too.) Perhaps it’s true that we Big Blue employees are rather smitten with our snazzy, new pal Watson. But who is he really? And will he make any difference in […]

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Cognitive Procurement on Display at IBM Empower 2016

IDC estimates that by 2020, half of all business analytics software will incorporate cognitive computing functionality.1 The nonprofit Pew Research Center echoes that point: “By 2025, artificial intelligence will be built into the architecture of countless functions of business and communication, increasing relevance, reducing noise, increasing efficiency and reducing risk across everything from finding information […]

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A Sneak Peek at Procurement’s Cognitive Future

In this audio podcast, Dan Carrell, IBM’s Vice President, Client Services, Procurement, pulls back the curtain for a preview of what he will present during the Thursday General Session at Empower 2016. He covers how procurement leaders today face greater expectations to deliver more and more, and discusses cognitive procurement’s vast potential to unlock new […]

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The Future of Procurement: Cognitive Technologies – Get Ahead of the Competition with 6 Key Projects

Cognitive computing – technologies that can learn and reason – are being applied with increasing frequency by leading Fortune 1000 and Global 2000 companies. IDC, the highly respected technology research firm, estimates that by 2020, 50 percent of all business analytics software will incorporate cognitive computing functionality.[1] Cognitive technology isn’t merely an iteration of today’s […]

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Forrester Research Rates IBM a “Leader” in Contract Lifecycle Management

The average Fortune 1000 company can maintain around 40,000 active contracts, often with obligations that number in the tens of thousands considering the nature of complex services agreements. Surprisingly, most contracts are still being managed using manual processes or with very limited technologies. The status-quo approach often leads to poor visibility and control over contracts, […]

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5 Steps to Harnessing the Power of Supplier Innovation

“Innovation distinguishes between a leader and a follower.” It’s one of the well-known quotes attributed to Apple’s founder and former CEO Steve Jobs. Jobs knew that innovation creates value, and creates success. The inverse can be true as well. With a nod to Charles Darwin, it’s not always the strongest company that survives, it’s the […]

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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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