IBM to Support ABB to Procure Digitization with Launch of SmartBuy | Financial Buzz

IBM to Support ABB to Procure Digitization with Launch of SmartBuy

IBM (NYSE: IBM) reported its involvement with ABB to support its procurement digitization journey by the launch of SmartBuy.  SmartBuy is a new end to end employee purchasing program to match the ease of online shopping with the speed of a search engine.  It is designed to automate the process of finding, procuring and managing ABB’s supplier network with services such as self-registration and contract processes.  “We wanted to transform our eProcurement processes to drive business value and create a better experience for our user community and suppliers while avoiding the need for major training and allowing for an increased level of self-service,” said Daniel Stumm, ABB’s Head of Indirect Procurement. “Along with IBM’s industry experience and guidance, we chose SAP Ariba solutions because we believe in their ability to help elevate our procurement function and support our longer-term business objectives.”

Businesses such as ABB are modernizing their Enterprise Resource Planning systems to allow for more flexibility to support rapid business growth.  “At IBM, we believe that there is more to an eProcurement solution than just cost savings, we’re also focused on security and user experience. With SmartBuy, ABB can tap into the power of AI to help remove manual error-prone repetitive tasks and long search times for products and manufacturers, allowing procurement resources to focus on more strategic operations,” said Neil McCormack, managing partner – Geo Leader, IBM Services EMEA. “And while running SAP Ariba solutions in a hybrid cloud environment, we’re able to make ABB’s systems and processes more intelligent without sacrificing existing security controls.”

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