Top 100 Companies in Procurement 2023 | Page 63

TOP 100 COMPANIES
IMAGE : IBM

5

IBM

Founded in 1991
CEO : Arvind Krishna
htps com procurement www :/ / consulting ibm /
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. htps company www :/ linkedin . ibm /
Founded in 1911 , IBM is an international IT services and consulting company . When it comes to procurement , IBM helps to accelerate the procurement transformation by providing greater access to powerful data , insights , and emerging technologies to empower teams .
IBM helps those in procurement to enhance processes and unlock exponential value by collaborating with clients to create intelligent workflows that combine expertise , advanced technologies / and internal / external data sources in hybrid cloud .
With end-to-end procurement workflows , procurement functions can work smarter and benefit from reduced operating costs , increased spend savings , and improve stakeholder satisfaction .
IBM helps transform procurement with intelligent workflows , real-time automation , agile operating models , AI , predictive analytics , strategic partnerships and risk-managed sourcing .
Core services that IBM provides the procurement industry include source-to-pay ( S2P ), digital procurement , and invoice-to-pay ( I2P ).
“ How did we get to smart procurement in a company with operations in more than 170 countries involving more than 13,000 suppliers ? We began , as so many companies do , by facing the hard facts . While we have historically done a good job in procurement , we realised we needed to do a better job infusing digital intelligence , cloud , and more into our procurement operations ” – Bob Murphy , Chief Procurement Officer , IBM .
IT Services and IT Consulting United States
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