IBM Supply Chain Blog

SEPTEMBER 20, 2021

For years, supply chain professionals have measured success by how well they have been able to drive down costs and drive up efficiency. Goods arrived exactly when needed, waste and holding costs were kept to a minimum, and single source strategies prevailed due to ease and cost savings.

Supply chain resilience 52

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. It eliminates waste and enables companies to manufacture products at lower costs.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

The Good Spending

DECEMBER 27, 2023

This is where I started digging deeper into the Agile agenda , thinking of finding repercussions with our professional life and blogging on related topics.  How do you think agile practices have transformed companies over the past two years? Will agile practices continue to generate interest? large home appliances).

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Demand Supply Chain Optimization Negotiation 52

Arkestro

JANUARY 4, 2023

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. The talent shortage in procurement and supply chain is nothing new: it’s been going on for several years now. The Supply Chain Will Continue to Heal. However, it will be a very cautious optimism.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

Supply Chain Game Changer

MAY 1, 2019

Subscribe to Supply Chain Game Changer. The Digital Supply Chain (SC 4.0) Article written for Supply Chain Game Changer by, and permission to publish here provided by, Andrei Klubnikin at at R-Style Lab. trillion on logistics and supply chain within the next five years. Email Address.

Logistics 98

Logistics supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

DECEMBER 14, 2023

Know More About Dante: With over 25 years of professional experience in industrial engineering, operations, and supply chain management, the Business Consultant and Trainer is dedicated to enhancing operational performance for companies in Europe and the Americas. Hire the Expert Now or Start a Chat!

Sourcing 87

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 87

Pipefy

JANUARY 9, 2024

Smart procurement is the use of technology to improve efficiency and help build more agile procurement processes. The benefits include cost savings increase, better decision making and risk management. While these tools can lighten workloads and improve agility and decision-making, they can’t operate without the input of humans.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

JUNE 19, 2023

However, now we see how brittle these global supply chains are. A perfect storm of disease, war, technological innovation, overspecialization, unchecked climate change and geopolitical tensions have shattered global supply chains and had a significant impact on the global economy.

Supply Chain Efficiency 77

Supply Chain Efficiency Risk supply chain budgeting Agile and Lean Supply Chain 77

SCMDOJO

OCTOBER 7, 2024

The Global Supply Chain is thriving with each passing day. 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! What is Cost Efficiency?

Supply Chain Efficiency 68

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 68

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

OCTOBER 3, 2023

Together, IBM Instana and IBM Turbonomic provide real-time observability and control that everyone and anyone can use, with hybrid cloud resource and cost optimization so you can safely automate to unlock elasticity without compromising performance. Ops teams can automate optimization to assure app performance at the lowest cost.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

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. A successful procurement strategy also mitigates risks inherent in the supply chain.

Procurement strategies 65

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

Jaggaer

OCTOBER 24, 2024

Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain software solutions 52

Empowering CPO

FEBRUARY 23, 2024

As businesses seek agility, cost optimization, and data-driven decision-making, AI-powered solutions are becoming indispensable for procurement professionals. It ensures that procurement partners collaborate with reliable vendors, reducing supply chain disruptions. Communication is key to fostering acceptance.

Procurement 52

Procurement Ethics Agile and Lean Supply Chain Supply Chain Optimization 52

IBM Supply Chain Blog

DECEMBER 11, 2023

Agility and scalability The primary advantage of adopting a hybrid cloud strategy is agility, which businesses need to adapt to change quickly and capture opportunities to drive business growth. By significantly boosting the delivery speed of IT resources, a hybrid cloud architecture helps businesses stay agile.

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

SCMDOJO

DECEMBER 5, 2024

Watch videos on SCMDOJO’s YouTube channel to learn more about best practices for inventory optimization! It includes a course on inventory management fundamentals, an Excel tool for inventory optimization, and detailed guides on stocktaking and cycle counting procedures. Click here! Read More about How to Improve Forecasting Accuracy?

Inventory 52

Inventory Management Supply Chain Optimization Supply Chain Efficiency 52

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

Jaggaer

DECEMBER 13, 2024

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.

Sourcing 52

Sourcing Contract Procurement Chief Procurement Officer 52

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. Consulting firms like ours leverage cutting-edge tools and analytics to gain deep insights into market trends, supplier performance, and cost structures.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

Finale Inventory

JULY 21, 2024

By determining the optimal time to reorder products, you can ensure that you never run out of stock while avoiding excessive holding costs. Additionally, having an accurate reorder point helps eliminate unnecessary costs associated with excess inventory, such as storage fees and obsolescence.

Supply Chain Efficiency 52

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

IBM Supply Chain Blog

FEBRUARY 19, 2024

Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses. Therefore, adopting a holistic approach that prioritizes data-driven business transformation helps optimize value extraction. billion, and experts project it to reach USD 14.4

Data 63

Data Cost optimization Sourcing Risk 63

IBM Supply Chain Blog

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. to total $678.8 billion in 2024, up from $563.6 billion in 2023.

Strategy 91

Strategy Real-time Visibility Data Risk 91

IBM Supply Chain Blog

JUNE 11, 2024

The growing need for cloud cost optimization : Cost optimization is essential when exiting VMware because it helps manage and reduce the initial and ongoing expenses associated with migration, ensures efficient use of resources in the new environment, and maximizes the return on investment.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

IBM Supply Chain Blog

DECEMBER 20, 2023

For instance, organizations can capitalize on a hybrid cloud environment to improve customer experience, comply with regulations, optimize costs, enhance data security and more. To create a successful cloud migration, organizations should create a workflow that includes comprehensive planning, execution and optimization.

Strategy 93

Strategy Real-time Visibility Data e2e 93

IBM Supply Chain Blog

MAY 17, 2024

Optimized: Cloud environments are now working efficiently and every new use case follows the same foundation set forth by the organdization. Cloud security maturity model The optimization of security is paramount for any organization that moves to the cloud. Level 3 – Scale: Cloud-native strategy is now the preferred approach.

Real-time Visibility 96

Real-time Visibility Strategy Data Networking 96

Una

OCTOBER 17, 2023

This data-driven approach helps in making informed decisions, optimizing supplier relationships , and identifying cost-saving opportunities. They will be able to suggest alternative suppliers, forecast demand, and proactively identify potential supply chain disruptions, allowing organizations to take proactive measures.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

Empowering CPO

JANUARY 28, 2024

Introduction In the dynamic realm of procurement, organizations strive to not only meet their immediate needs but also to establish sustainable and cost-effective supply chains. Organizations should proactively identify potential risks in the supply chain and implement strategies to mitigate them.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Optimization 40

Finale Inventory

SEPTEMBER 25, 2024

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. Adopting EOQ as part of your overall inventory strategy can lead to improved customer satisfaction, increased profitability, and a more streamlined supply chain.

Quantity 52

Quantity Inventory Supply Chain Optimization Demand 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

Supply Chain Game Changer

AUGUST 8, 2019

Subscribe to Supply Chain Game Changer. Article written for Supply Chain Game Changer by Prakash Pol , Principal Consultant at Infosys India. The Warehouse is a central part of Supply Chain Management in any organization. Subscribe Here! Email Address. Disruptive Warehouse Technologies for Any Company!

Warehouse operations 54

Warehouse operations supply chain software solutions Agile and Lean Supply Chain Supply Chain Optimization 54

Finale Inventory

JULY 23, 2024

However, with the right tools and mindset, you can streamline your operations and achieve optimal efficiency. By effectively managing your inventory, you can minimize costs, optimize storage space, and provide exceptional customer service. This not only saves time but also reduces costs and improves customer satisfaction.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 7, 2023

C-OLAP optimized data storage for faster query processing, while IM-OLAP stored data in memory to minimize data access latency and enable real-time analytics. Cost optimization : Optimizing cloud spending for OLAP resources can be challenging due to complex pricing models and resource utilization patterns.

Data 57

Data Strategic planning Value analysis Cost optimization 57

IBM Supply Chain Blog

JULY 26, 2023

The aim is to optimize resource allocation by ensuring funds are allocated to activities that align with strategic objectives and generate the highest value. ZBB promotes agility in resource allocation, enabling organizations to respond effectively to evolving market conditions.

Budget 56

Budget Data Cost optimization Collaboration 56

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

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Supply Chain Efficiency Real-time Visibility Supply Chain Optimization 40

Empowering CPO

JULY 17, 2023

Procurement teams are often confronted with issues such as maintaining cost control and visibility over spending, managing relationships with a diverse range of suppliers, staying compliant with a myriad of regulations, mitigating risks in the supply chain, and leveraging new technologies effectively.

Procurement 40

Procurement Management Supply Chain Efficiency Real-time Visibility 40