IBM has expanded procurement services offerings, including new sourcing services and new procure-to-pay services that is said to help clients increase savings from suppliers and reduce procurement costs through spending.
Reportedly, these new business process services offerings will allow clients to identify favourable vendor pricing through IBM’s investment in infrastructure and supplier relationships.
The new expanded procurement services offering provides choices for businesses focused to improve savings and reducing costs. Companies can derive value from supplier relationships through IBM’s relationships with its suppliers, and through IBM’s broad experience, the company claims.
William Ciemny, general manager of supply chain management and procurement solutions for IBM’s managed business process services, said: IBM’s expanded and flexible portfolio of procurement services gives our clients a diverse set of solutions to increase their procurement savings. IBM focuses on returning cash to our clients with procurement services that will improve their competitiveness.
IBM said that the new sourcing services provide spend-category experts who can analyse a business’ spend, develop new sourcing strategies and negotiate contracts with suppliers. By leveraging its experience with the supply chain, the company is able to implement sourcing programs to increase savings and shorten the time to value for their clients.
The new procure-to-pay (P2P) services will allow businesses to reduce the cost of the procurement function while enhancing standardisation and controls. This allows users to focus on their core business activities while using IBM to manage transactional activities, the company said.
