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IBM and Cognitive Procurement at the Global Procurement Tech Summit

cognitive computing

At the ISM and Spend Matters Global Procurement Tech Summit this week in Baltimore, IBM’s Vice President of Global Procurement Dan Carrell will be giving a keynote that will raise some eyebrows. Even if you’re not an IBM customer, supplier or peer — and chances are you’re at least one of the three — his talk is truly can’t miss stuff if you care about the future of procurement and how technology will lead the way to new possibilities, savings and value generation.

What Procurement Strategies Drive Business Value?

Spend Matters welcomes this guest post by Matt McGovern of IBM. IBM’s Institute for Business Value (IBV) recently completed its groundbreaking Chief Procurement Officer Study, one of the largest known surveys of procurement organizations at global companies. IBV surveyed more than 1,000 CPOs and senior procurement executives in more than 40 countries around the world. The goal of the study was to “harvest insights” to better understand the impact of procurement on business performance.

Big Data: The Big Opportunity in Spend and Supplier Management

What exactly is Big Data? Well, the definition can change based on whom you are talking to, but a broad definition of Big Data is the collection and management of data sets so large and complex that it is difficult to process and analyze them using traditional systems and technologies. It is information of extreme size, diversity, and complexity. Big Data’s promise is to address a multitude of business problems – and create a multitude of business opportunities. The insights gleaned from Big Data can help businesses deepen customer engagement, optimize operations, mitigate risks, and capitalize on new sources of revenue.

Surprise Findings from IBM’s CPO Survey: Background

The IBM Institute for Business Value recently conducted its Chief Procurement Officer Study based on survey data from “1,128 CPOs from organizations with annual revenue in excess of USD $1 billion.” Our own discussions with IBM suggest these were not all “CPOs” in title, but they were procurement executives. The survey was completed with the support of IBM’s research partner, Oxford Economics, and the data collected came from “22 countries in North America, Europe and Asia.”

How to Prepare for an IBM Software Negotiation

Mark Bartrick is a Senior Analyst at Forrester Research, serving Sourcing & Vendor Management professionals. As any sourcing and vendor management (SVM) professional will tell […]