Question
The key elements of IBM's Procurement Transformation case study include the need for an updated approach to their procurement capabilities due to long-entrenched processes and siloed data across the organization. This was leading to frustrations with the procurement process. The company also needed to determine whether it had competitive pricing, the target prices for in-flight deals, and how to manage non-core transactions.
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IBM posted a Procurement Transformation case study on its website to show how the company is reimagining its own procurement systems. "With operations in over 170 countries and over 13,000 suppliers, procurement has always been the lifeblood of IBM. However, long-entrenched processes and siloed data across this heavily matrixed organization were leading to frustrations with the procurement process. IBM needed an updated approach to their procurement capabilities," IBM shares. At some point, the company had to figure out whether it had competitive pricing, as well as what the target prices for an in-flight deals were and the way to manage non-core transactions.
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