IBM Supply Chain Blog

AUGUST 8, 2023

Large organizations are comprised of many assets that require continuous monitoring to ensure optimal productivity. Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns.

supply chain software solutions 50

supply chain software solutions Real-time Visibility Management Supply Chain Optimization 50

IBM Supply Chain Blog

MARCH 6, 2024

Re-platforming With a re-platforming migration, some adjustments or optimizations are made to the applications before moving them to the cloud. Cost overruns Estimating and controlling expenses throughout a cloud migration and beyond is hard work.

Strategy 73

Strategy Data Price Cost optimization 73

IBM Supply Chain Blog

MAY 1, 2023

In this blog post, we will review the various methods of GCP cloud cost management, what problems they address and how GCP users can best use them. Let’s review how IBM Turbonomic helps customers optimize their GCP cloud costs. The only way to optimize horizontal scaling is to do it in real-time through automation.

Supply Chain Optimization 79

Supply Chain Optimization supply chain budgeting Budget Cost optimization 79

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.

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Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Templates

JUNE 18, 2023

Strategic sourcing: Adopting strategic sourcing practices enables procurement to analyze the entire supply chain and identify cost drivers. By understanding the components and processes that contribute to the final product’s cost, procurement can explore opportunities to optimize and reduce expenses.

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Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

SCMDOJO

MARCH 25, 2024

Nowadays, logistics landscapes and supply chain management are witnessing a breakthrough innovation: the automation of robots in warehouse operations. Global Supply Chain Complexities: Nowadays, global supply chains have been subjected to a heightened need for dynamism, responsiveness, and online visibility.

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Supply Chain Efficiency Warehouse operations Supply Chain Optimization supply chain software solutions 98

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

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

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. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

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Procurement strategies Strategy Procurement Agile and Lean Supply Chain 65

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

Arkestro

JANUARY 23, 2024

Procurement managers play a key role in this rapid growth, helping organizations optimize costs, negotiate favorable terms with suppliers, and ensure financial efficiency. We’ll also explain how today’s top procurement managers leverage new technologies to further optimize outcomes and streamline processes. from 2023 to 2030.

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supply chain budgeting Management Supply Chain Optimization Procurement 52

Finale Inventory

AUGUST 14, 2024

Additionally, tracking assets provides a clear overview of your business’s financial health, aiding in making informed decisions on purchases, investments, and cost optimization. Asset management also optimizes your supply chain. Why Use a Spreadsheet Template for Asset Management?

Management 52

Management Inventory supply chain software solutions Supply Chain Efficiency 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Finale Inventory

JULY 3, 2024

Moreover, efficient inventory management enables you to optimize your operations and reduce costs. By accurately tracking your inventory levels and sales patterns, you can identify opportunities for cost-saving measures such as bulk purchasing, reducing carrying costs, or implementing just-in-time inventory practices.

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Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

Solvoyo

NOVEMBER 26, 2020

For omnichannel fulfillment to work effectively, there are many strategic, tactical, and operational supply chain planning decisions requiring advanced analytics. For demand forecasting and inventory optimization, order date and order location are required in addition to fulfillment date and location.

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supply chain software solutions Supply Chain Optimization Inventory Data 52

Pipefy

JANUARY 9, 2024

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. For this reason, it’s important to choose a tool or software that allows for agile process customization.

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

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Real-time Visibility Cost optimization Budget Data 89

Finale Inventory

AUGUST 23, 2024

By continuously monitoring stock levels and making necessary adjustments, construction companies can maintain optimal inventory levels, streamline procurement processes, and improve overall operational efficiency. In addition to the operational benefits, incorporating ecommerce into construction cycle counting can also impact cost management.

Inventory 52

Inventory Real-time Visibility 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. Purchase orders.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

JUNE 11, 2024

Paths beyond VMware The impact of acquisition : A 2023 Forrester study (link resides outside ibm.com) predicts that 20% of VMware clients will move away from VMware stack due concerns around price increases, limited customer support and a mandatory requirement for subscription to software bundles —all of which are a result of the acquisition.

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e2e Cost optimization Innovation Real-time Visibility 66

Finale Inventory

AUGUST 16, 2024

Additionally, effective inventory management helps optimize cash flow by reducing excess stock, minimizing carrying costs, and preventing overstocking. Additionally, effective inventory management optimizes warehouse space and reduces the risk of obsolete or expired inventory.

Inventory 52

Inventory Strategy Supply Chain Efficiency Supply Chain Optimization 52

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

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. Microservices support DevOps methodologies by speeding the development and deployment of software. to total $678.8

Strategy 91

Strategy Real-time Visibility Data Risk 91

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.

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Quantity Inventory Supply Chain Optimization Demand 52

Empowering CPO

JUNE 26, 2023

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. These cost pressures necessitate a strategic approach to spending and resource allocation. Introduction A.

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supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

IBM Supply Chain Blog

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Agency for International Development’s Global Health Supply Chain Program.

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Supply Chain Efficiency supply chain software solutions Data Supply Chain Optimization 99

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could license expensive project management software, only to find a fraction of employees were using it. IT cost management is not just a function of cutting costs, it also entails making smarter decisions that can increase revenue and, ultimately, profitability.

Import 74

Import Management Budget Real-time Visibility 74

World of Procurement blog

MAY 10, 2024

By leveraging data and algorithms, AI-powered tools can help reduce risks and costs in the supply chain. Reducing Supply Chain Risks Ongoing monitoring of suppliers is crucial for reducing supply chain disruptions. AI delivers the data-driven intelligence to optimize sourcing for maximum value.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Procurify

AUGUST 11, 2022

While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. This blog will outline solutions to implement when planning for a downturn. Improve your resilience. How Procurify Helps.

supply chain budgeting 52

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

IBM Supply Chain Blog

DECEMBER 20, 2023

AWS, Google Cloud Services, IBM Cloud, Microsoft Azure) makes computing resources—like ready-to-use software applications, virtual machines (VMs) , enterprise-grade infrastructures and development platforms—available to users over the public internet. Does your company need services to accelerate cloud migration ?

Strategy 93

Strategy Real-time Visibility Data e2e 93

IBM Supply Chain Blog

AUGUST 16, 2023

Here are six ways organizations can improve their cloud cost management, increase cloud cost optimization and drive as much value from their cloud budgets as possible. Optimizing cloud spend is not only about cutting costs; it’s about making decisions that produce optimal results for every use case.

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Real-time Visibility Budget Cost optimization Demand 64

IBM Supply Chain Blog

NOVEMBER 10, 2023

But there’s another option: cloud management platforms and FinOps to better manage costs. In this blog, we’ll look at five simple ways to optimize spend with IBM Turbonomic — a hybrid cloud cost optimization platform and the “Ops” in FinOps — while still leveraging the elasticity of the cloud.

Demand 67

Demand Cost optimization Purchasing Budget 67

IBM Supply Chain Blog

DECEMBER 11, 2023

Before cloud computing, organizations had no other option but to store data and run their software applications within a traditional IT infrastructure setting—a form of centralized computing comprised of on-premises data centers , servers, networking hardware and enterprise software applications.

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

IBM Supply Chain Blog

MAY 25, 2023

You’re responsible for optimizing spend, operational efficiency and incorporating new and innovative technologies. It’s a powerful way to address critical issues like sub-optimal application performance and poor customer experiences, boost metrics like MTTR and address IT team skill issues for greater resiliency.

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Real-time Visibility Data Sustainability Cost optimization 70

IBM Supply Chain Blog

MAY 12, 2023

As AWS S3 usage grows, so does the cost; managing AWS S3 pricing can be complex and frustrating, especially when you’re trying to optimize your business. It can seamlessly transfer data to the most cost-effective access tier on a per-object basis, without performance degradation, retrieval fees or operational complexity.

Price 52

Price Management Real-time Visibility Data 52

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. Identify areas where costs can be optimized and potential savings can be made.

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Budget Data Cost optimization Collaboration 56

Empowering CPO

JUNE 27, 2023

It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization. Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52