IBM Supply Chain Blog

FEBRUARY 19, 2024

They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

IBM Supply Chain Blog

FEBRUARY 28, 2024

This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. The ability to make these sourcing decisions in real-time can help increase profits during peak demand periods and better meet customer expectations.

Sourcing 94

Sourcing Strategy Supply Chain Efficiency e2e 94

Jaggaer

OCTOBER 24, 2024

The result is a vehicle that meets market demands for sustainability and performance while reducing time to market and production costs. A major pharmaceutical company might collaborate closely with its suppliers, distributors, healthcare providers, and consultants specializing in ethical best practices.

Collaboration 52

Collaboration Innovation Suppliers Supply Chain Efficiency 52

IBM Supply Chain Blog

MAY 1, 2024

Here are some ways generative AI is transforming supply chain management: Sustainability Generative AI helps to optimize companies’ supply chains for sustainability by identifying opportunities to reduce carbon emissions, minimize waste and promote ethical sourcing practices through scenario analysis and optimization algorithms.

Supply Chain Optimization 78

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 78

ivalua

SEPTEMBER 19, 2022

Loss of sales and market share are the most visible and measurable impacts. Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Increasing Supplier Visibility.

Risk management 130

Risk management Supply Chain Efficiency Supply Chain Optimization Risk 130

Let's Talk Supply Chain

MARCH 26, 2023

Today I’m joined by Blume Global , a market-leading, sustainability-focused software brand that is removing a huge $1 trillion of waste from the global supply chain, and making logistics processes more agile, dependable, and sustainable with innovative execution and visibility solutions.

Real-time Visibility 52

Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 52

ivalua

JUNE 1, 2022

Overall, their strategy must move toward data-driven decision-making to provide real-time information visibility. Creating fuller visibility into supplier risks, Amrest has the power and intel to switch localizations or deliver from different warehouses, creating a stronger supply chain. .

Real-time Visibility 130

Real-time Visibility Agile and Lean Supply Chain Supply Chain Efficiency Procurement 130

Procurement Tactics

DECEMBER 21, 2022

After taking the time to read this article, you will have a deeper understanding of what supply chain collaboration is all about. Thus, allowing you to know if your decision is right when the time comes you are going to collaborate in the supply chain. . Enhanced ethical standards. Defining Supply Chain Collaboration.

Collaboration 199

Collaboration Supply Chain Optimization Supply Chain Efficiency Supply chain 199

SCMDOJO

AUGUST 15, 2024

Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing. Email hosting facilitates this by allowing multiple stakeholders to connect effortlessly, share documents, and update project statuses in real-time.

Retail Supply Chain 98

Retail Supply Chain Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 98

World of Procurement blog

MAY 8, 2024

Customers receive orders on-time without backlogs. Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Source Sourcing involves identifying suppliers and negotiating pricing, lead times, quality, and other terms.

Agile and Lean Supply Chain 40

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

SCMDOJO

JUNE 17, 2024

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. Technology Integration and Automation Increase supply chain visibility and prediction capabilities by implementing blockchain, artificial intelligence (AI), and the Internet of Things (IoT).

Supply Chain Efficiency 98

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 98

TYA Suite

NOVEMBER 15, 2024

This transparency is a game-changer because it enables all parties to view the same information in real time. Every transaction and movement of goods is recorded on the blockchain, enabling stakeholders to track products from the manufacturer to the end customer in real-time.

Supply Chain Efficiency 40

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

Finale Inventory

AUGUST 22, 2024

Finding suppliers you can trust to deliver quality products on time is key for maintaining customer satisfaction and ensuring smooth operations. Look for suppliers with a proven track record of fulfilling orders on time, delivering consistent quality, and resolving issues promptly.

Suppliers 52

Suppliers Real-time Visibility Supply Chain Efficiency supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. This process not only influences the direct cost of production but also affects the overall efficiency of the project or organization.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

MAY 10, 2024

Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Finale Inventory

AUGUST 15, 2024

Understanding the Importance of Waste Reduction in Manufacturing Manufacturing waste includes any material or resource discarded during production, such as raw materials, energy, water, or time. A significant aspect of inventory management for waste reduction is the implementation of Just-In-Time (JIT) systems.

Strategy 52

Strategy Real-time Visibility Inventory Raw materials 52

Jaggaer

OCTOBER 24, 2024

In times of pressure and crisis , highly responsive and trustworthy suppliers make agility possible. Following widely-known standards keeps your vendor options open so you’re not locked into sourcing from a small pool of specialty suppliers that can negatively impact time to market. Performance and stability can waver.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

IBM Supply Chain Blog

OCTOBER 16, 2023

An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Foundation models can use language, vision and more to affect the real world. In addition to natural language, models are trained on various modalities, such as code, time-series, tabular, geospatial and IT events data.

Risk 70

Risk Management Ethics Real-time Visibility 70

Barkers Procurement

JULY 21, 2024

Implementing ESG in the supply chain is not only about enhancing the ethical stature of a business, but also about securing a competitive advantage in an increasingly conscientious market. This could include regular audits, supplier self-assessments, and the use of technology such as IoT to monitor real-time data.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Supply Ethics 52

Empowering CPO

JULY 3, 2023

These methods often involve manual, time-consuming processes, a lack of transparency in supplier relationships, and difficulty in managing and analyzing large volumes of procurement data. This not only saves time and resources but also allows our clients to focus on their core business activities.

Innovation 52

Innovation Strategy Procurement Management 52

ivalua

MAY 6, 2021

These include faster co-innovation with suppliers, working with sustainable and ethical suppliers and empowering employees — all of which will lead to increased business agility. . Smart software shifts from drilling down on existing data to alerting up, so managers can respond to events or trends in real time. .

supply chain software solutions 130

supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

IBM Supply Chain Blog

AUGUST 16, 2023

Fortunately, if your organization engages a red team, an ethical hacker could also be your best friend. Every bit as skilled as real threat actors, red teams probe an attack surface for ways to gain access, get a foothold, move laterally and exfiltrate data. This is the real value of red team assessments.

Real-time Visibility 54

Real-time Visibility Ethics Contract Networking 54

World of Procurement blog

MAY 8, 2024

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Setting the right KPIs ensures priorities are clear for the team.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Una

APRIL 27, 2023

In some cases, the entire purchase may need to be re-evaluated or renegotiated, leading to wasted time and resources. Without procurement expertise, a purchase may not be compliant with regulations or company policies, risking legal, ethical, or reputational issues. Then there’s the compliance angle.

Procurement 98

Procurement Real-time Visibility Purchasing Risk 98

Empowering CPO

JUNE 26, 2023

From data-driven decision making to real-time spend visibility, predictive analytics, supplier collaboration, intelligent automation, and data security, we will explore each trend in depth, shedding light on their significance and potential impact on businesses.

Real-time Visibility 40

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

TYA Suite

SEPTEMBER 25, 2024

Below are some of the most common procurement risks: Supplier-related risks are among the most common These risks can include supplier insolvency, poor quality of goods or services, delivery delays, and ethical violations. Compliance risks arise from the need to adhere to legal, regulatory, and ethical standards in procurement activities.

Risk 40

Risk Strategy Procurement Supply Chain Efficiency 40

IBM Supply Chain Blog

SEPTEMBER 1, 2023

Another common social engineering scam is domain name spoofing (also called DNS spoofing), in which cybercriminals use a fake website or domain name that impersonates a real one—e.g., ‘applesupport.com’ for support.apple.com—to trick people into entering sensitive information.

Real-time Visibility 101

Real-time Visibility Networking Ethics Data 101

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing. You can unsubscribe at any time.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

IBM Supply Chain Blog

OCTOBER 12, 2023

Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc. Current regulations are always changing, and new ones are being introduced all the time.

Data 76

Data Real-time Visibility Ethics Sourcing 76

Empowering CPO

FEBRUARY 11, 2024

Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks. Continuous Improvement: A Key Tenet of Strategic Sourcing It is not a one-time endeavor but an ongoing process of refinement and optimization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sustainability Sourcing 52

The Network Effect

DECEMBER 4, 2015

Best Buy – The one-time poster child victim of show rooming, has fought back admirably with sound omnichannel strategies and tactics embracing today’s retail realities. Nordstrom – Bringing their customer service ethic to omnichannel innovations in differentiating customer service strategies and tactics.

Real-time Visibility 40

Real-time Visibility Ethics Strategy Networking 40

Supply Chain Game Changer

JANUARY 22, 2020

Devices that are part of the IoT help manufacturers track all their necessary parts globally, in real time. This helps them better manage product levels in their inventory and optimize it for better efficiency in all their locations. They can also share with their customers up-to-date shipping times and delays.

Supply Chain Efficiency 66

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 66

Finale Inventory

JULY 1, 2024

It is a complex network of interconnected components that work together to ensure the availability, quality, and timely delivery of food products. Factors such as price negotiations, contract terms, and ethical sourcing practices all play a crucial role in maintaining a sustainable and reliable supply chain.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain software solutions 40

Spend Matters

MARCH 25, 2024

Having led multiple projects to select and deploy technologies and worked both as a practitioner and a consultant, he knows the amount of time and effort procurement puts into finding a practical solution to help them run more efficiently, and that spurred his move to form iKinetiq. “A

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Procurement contracts Contract Procurement Negotiation 119