Sourcing in a Demanding Economic Environment
A global financial crisis challenges every industry, but it also creates unprecedented opportunities for procurement and sourcing organizations. By reducing cost, reducing or eliminating expense, generating cash, managing risk and improving profitability, these organizations can create real business value. In fact, today's sourcing and procurement leaders have the opportunity to create a new roadmap for the supply chains of the future. We recommend a seven-step process for developing a strategic sourcing approach: Analyze spend, determine business requirements, conduct market analysis, develop category strategy, select and negotiate with suppliers, develop an implementation plan and manage supplier performance.
By adopting a strategic sourcing approach that includes these initiatives, sourcing and procurement can help drive efficiency, productivity and – ultimately – business results.
Intelligent Cost Reduction Video
Treasury is concerned with the management of cash and liquidity, financing, bank relationships and financial risks. To manage these areas for maximum cost effectiveness, Finance must have access to current market information and align this information with future business requirements to manage performance. For successful treasury transformation, automation is recommended in the following areas:
New! The R-O-I of globally integrated operations Whitepaper
Global integration is a key element of navigating change – the associated risk and complexity extend beyond organizational boundaries to encompass dealings with suppliers and regulators, as well as matters such as environmental impact, product safety, intellectual property rights and even cultural issues. To address the challenges of an ever-more global environment, organizations need to build and execute a comprehensive operations strategy – piecemeal approaches no longer suffice. IBM analysis of 20 best practice cases revealed a set of clear, replicable strategies for operationalizing global integration.
The new economic environment – a CFO Perspective
There’s no denying these are turbulent economic times. Successful enterprises will focus on value, exploit opportunities and act with speed. CFOs are well-positioned to help create a more intelligent, dynamic and integrated enterprise to navigate the new economic environment. Many CFOs will have an opportunity to have a strong hand with their enterprises in shaping operational decisions and strategic direction.
FEI Annual Conference 2009 Breakfast session Presentation:
Reduce Costs Significantly in 2009!
Presenters:
Brent Cameron has over 20 years experience in IT, and outsourcing services and is currently a Director with IBM Canada and is responsible for IBM's Managed Business Process Services offerings in Canada which include Finance & Administration, HR, Customer Relationship Management and Supply Chain/Procurement BPO and BTO.
David Wiseman is Director of Finance & CFO with IBM Canada Ltd. As CFO, David is responsible for leading a team of approximately 450 staff, including the Treasury, Pricing, Accounting and Planning functions. David has been with IBM for 17 years and held numerous financial positions in Canada and the US & most recently the Director of Finance & Operations for the Americas IT Delivery team. David joined IBM Canada in 1990 as part of the IGF accounting team and had been in the US for 11 years prior to returning to Canada in September of 2008.
IBM Financial Management Insights Newsletter - Spring 2009 Issue
- How CFOs Can Thrive in a Difficult Ecomony
- Meeting the IFRS Challenge in Canada
- Results-Based management in the Canadian Public Sector
Balancing Risk and Performance with an Integrated Finance Organization
Growing global risks. Rapidly changing business environments. How are CFOs responding? Learn more about what more than 1200 CFOs and Senior Finance Executives from 79 countries have to say and what actions can be taken to build new flexibility and agility into financial organizations to help drive enterprise growth
The Smarter Supply Chain of the Future
As part of the 2008 IBM Global Chief Supply Chain Officer Study, the IBM Institute for Business Value spoke with nearly 400 senior executives from around the world who are responsible for their organizations’ supply chain strategies and operations. According to the survey, the top five supply chain challenges are:
- Supply chain visibility
- Risk management
- Increasing customer demands
- Globalization
- Cost containment
Key Contact
Carmen Austrup
CXO (CFO / SCM / GRN / CEO)
Marketing Manager
The SCM Leadership Team thank you for your continued efforts in taking our thought leadership into the marketplace and to your clients.
We're here to help
Easy ways to contact your services representative.
or call us at
1-800-IBM-7080
Priority code: Leaders