IBM says it will invest $3bn over the next four years to establish a new Internet of Things (IoT) unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT systems.
Top-performing procurement organizations are expanding their purview to drive company-wide innovation and top-line growth as opposed to confining themselves to their traditional roles as gatekeepers of corporate spending, according to a study from IBM.
At the Smarter Commerce Global Summit, IBM (NYSE: IBM) today announced a study that says companies with high-performing procurement organizations are driving better bottom line results, according to an IBM study. These organizations report profit margins of 7.12 percent as compared to just 5.83 percent for companies with low-performing procurement organizations. Also, companies with top-performing procurement organizations report profit margins 15 percent higher than the average company - and 22 percent higher margins than companies with low-performing procurement organizations.
IBM has introduced software that is intended to address the rise of "omni-channel" shoppers - consumers who expect a consistent sales and marketing experience across multiple sales channels.
Decisions on what, how much, where, and when to stock product across the extended global CP supply chain directly impact corporate profitability, positively or negatively.
