IBM Supply Chain Blog

DECEMBER 18, 2023

In today’s business environment, regardless of the product or service, leaders must develop a well-honed business strategy. A successful business strategy must clearly define an organization’s objectives, decision-making processes and long-term business goals.

Business strategy 67

Business strategy Strategy Leadership Price 67

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole. The result is a more synchronized and agile supply chain.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 52

Procurement Insights

JANUARY 3, 2025

Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies. CFOs began to see procurement as critical to business continuity and organizational agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Templates

DECEMBER 11, 2024

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Action: Launch a quarterly executive-level procurement strategy meeting with all business units.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. Business profitability and customer satisfaction always go hand in hand. However, the game-changer is how Cost Efficiency and Cost Effectiveness play their role in the supply chain. Let’s learn the role of cost efficiency vs cost effectiveness!

Supply Chain Efficiency 70

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 70

Let's Talk Supply Chain

APRIL 6, 2023

Coby and John found obvious deficiencies in these same organizations’ supply chain and operational systems, and thus, Enveyo was born. Every day, Coby & John focus their efforts on Enveyo’s core mission – to enable businesses to make business-transforming shipping decisions by leveraging comprehensive data & integrated systems.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Logistics Data 52

Let's Talk Supply Chain

APRIL 26, 2023

Over the last few years, a lot has changed in the supply chain industry. Fueled by constant disruptions that peaked during the pandemic and constant news headlines about the latest chain issues, consumers are more informed about supply chain and how it impacts their communities and daily lives.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 52

Let's Talk Supply Chain

MAY 24, 2023

The 2020’s have escalated nonstop supply chain disruption, from delays to shortages and workforce challenges. Supply chain obstacles are still being cited for growing global inflation. Supply chain leaders are still struggling with an ongoing labor shortage—making getting and staying ahead harder.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

Let's Talk Supply Chain

MARCH 23, 2023

With a decade hallmarked by disruption, consumers are more aware of supply chain and how industry shortages, talent gaps, and climate events impact their daily lives and local communities. One dialogue that is still catching fire is how closing the gender gap in supply chain can help the industry build its ranks and agility.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization Supply chain 52

Jaggaer

APRIL 14, 2020

Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.

supply chain budgeting 52

supply chain budgeting Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

Pipefy

JANUARY 9, 2024

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. Smart procurement is the use of advanced technology, such as AI, automation , and RPA to optimize procurement processes and relieve professionals from monotonous tasks in order to achieve greater efficiency.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency Procurement Supply Chain Optimization 52

Supply Chain Game Changer

AUGUST 5, 2021

Subscribe to Supply Chain Game Changer. To make sure a supplier management strategy is properly aligned with the broader business strategy and adopted by the broader procurement organization then it’s important to have transformational & process leaders in place! 6 liters | Streamlined Supply Chain Compliance.

Suppliers 98

Suppliers Management Supply Chain Efficiency Agile and Lean Supply Chain 98

Supply Chain Game Changer

NOVEMBER 25, 2018

But this evolution in the supply chain, and for last mile fulfillment in particular, doesn’t end with retail. From restaurant chains to supermarkets to pharmacies to service providers, the world of logistics is experiencing unprecedented change. Real-time Visibility.

Logistics 58

Logistics Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 58

IBM Supply Chain Blog

JUNE 22, 2023

Ultimately, modernizing these processes could save hundreds of millions of dollars, improve the employee experience and make the company more agile and competitive, he says. “We are now on a path with them around supply chain transformation. “‘What we can see is sometimes just the tip of the iceberg.

Data 77

Data Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 77

IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Agility and responsiveness In the rapidly changing business landscape, agility is crucial.

supply chain software solutions 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

The Good Spending

AUGUST 23, 2022

Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. It is possible to optimize the internal use of those spaces and sublease it. Saving is calculated based on the cost of capital throughout a deferred payment period. Moderation.

Procurement 98

Procurement supply chain budgeting Supply Chain Optimization Budget 98

IBM Supply Chain Blog

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. The strategy should be flexible enough to adapt to changing market conditions and organizational needs.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

The Good Spending

MAY 27, 2024

Disintermediation Disintermediation is the process of removing intermediaries from a supply chain. By eliminating these intermediaries, companies can achieve cost savings, better communication, and greater control over their supply chain. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 59

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

SCMDOJO

DECEMBER 18, 2023

Optimizing Equipment Lifespan: Regular and timely access to spare parts facilitates proper maintenance and repairs. Predictive Management Utilization: Utilize predictive management techniques to optimize resource utilization, cut costs, and minimize the time required for issue resolution.

Supply Chain Efficiency 70

Supply Chain Efficiency Inventory control Management supply chain budgeting 70

IBM Supply Chain Blog

JANUARY 15, 2024

Emphasizing ‘Lean Processes’ as a foundational initiative in the company’s 2023 plan, the objective is to enhance overall process management capabilities by constructing specific process-related methodologies, systems, and tools.

Innovation 66

Innovation e2e Data Quality 66

Pipefy

DECEMBER 20, 2023

Strategic procurement, or procurement strategic planning, is a data-driven process that helps businesses align procurement and business goals. The result is greater supply chain predictability, more accurate decision-making, and better business agility. What is strategic procurement?

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Finale Inventory

SEPTEMBER 25, 2024

In ecommerce, effective inventory management is vital to the success of any business. One key concept in this field is the Economic Order Quantity (EOQ), which helps determine the optimal order quantity for a product that minimizes inventory costs. Balancing the EOQ with customer demand is key for maintaining optimal inventory levels.

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 52

Finale Inventory

JULY 15, 2024

In today’s ecommerce landscape, maintaining a robust inventory turnover ratio is essential for businesses to thrive. By understanding and optimizing this ratio, ecommerce businesses can streamline their operations, improve cash flow, and maximize profitability.

Inventory 52

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

IBM Supply Chain Blog

JANUARY 29, 2024

The main goal of a digital transformation is to use new digital technologies throughout all aspects of a business and improve business processes. By using AI, automation, and hybrid cloud, among others, organizations can drive intelligent workflows, streamline supply chain management, and speed up decision-making.

Supply Chain Optimization 66

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain Strategy 66

Pipefy

OCTOBER 25, 2023

Procurement teams have a critical role to play in business strategy. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and stay competitive. They also need enough autonomy to stay agile and respond quickly as business realities change.

Procurement team 52

Procurement team Agile and Lean Supply Chain Business strategy Procurement 52

IBM Supply Chain Blog

MAY 13, 2024

Stay flexible in the face of change : Market conditions and business strategies constantly evolve. Various model choices allow businesses to pivot quickly and effectively. Access to multiple options enables rapid adaptation when new trends or strategic shifts occur, maintaining agility and resilience.

Cost of ownership 70

Cost of ownership Ethics Risk Innovation 70

Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Strategic Considerations for Procurement Technology When adopting procurement technology, strategic thinking is crucial: Alignment with Business Strategy: Ensure the technology aligns well with the overall business strategy and contributes to its objectives.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Zycus Cognitive Procurement

SEPTEMBER 28, 2022

Luke Elliott discussed the dramatic shift in Procurement landscape and how Digital Procurement can help leaders stay resilient in the face of current challenges with respect to price inflation being at a 40-year high and disruptive supply chains leading to stock issues. 96% of the leaders believe that this a long-term trend.

Procurement 40

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply Chain Optimization 40

Pipefy

NOVEMBER 3, 2023

Procurement requires precision, predictability, and the ability to problem-solve with agility and confidence. A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. Processes also evolve in response to business strategy and shifts in the market.

Procurement 52

Procurement Procurement team Supply Chain Efficiency Agile and Lean Supply Chain 52

IBM Supply Chain Blog

APRIL 21, 2023

As many as 4 out of 10 finance leaders surveyed are already piloting, implementing or optimizing AI in key areas, including financial planning and analysis, order to cash, general accounting and reporting, and purchase to pay.

Innovation 74

Innovation Sustainability Business strategy Change management 74

Empowering CPO

JUNE 9, 2023

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. Importance and Impact on the Organization – Delivery metrics are vital for maintaining a smooth and efficient supply chain.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. They were struggling with high procurement costs and a lack of visibility into their supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Supply Chain Brain

JANUARY 22, 2018

The increasing sophistication of information systems, coupled with business’s ever-expanding reliance on technology to handle critical processes, raises big questions about where that support is going to come from in the years ahead. talent as a supply chain unto itself. As with any supply chain, it all begins with the source.

supply chain software solutions 40

supply chain software solutions Agile and Lean Supply Chain Supply Chain Optimization Supply chain 40

Jaggaer

OCTOBER 8, 2019

They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) You will also need to create a business case based on your vision and the potential improvements – and above all, get your senior stakeholders on board! 3) Optimize: Leverage new and emerging technologies.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40