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

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

SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say. Blockchain and supply chain transparency We can’t complete our list without blockchains.

Supply Chain Efficiency 74

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 74

Spend Matters

NOVEMBER 19, 2024

We’re seeing larger RFPs over time asking for greater complexity. Our customers’ top concerns include expanding risk types, gaps in technology and a lack of full supply chain visibility. Beyond timely delivery, companies need to consider ethical and long-term sustainability issues.

Risk management 89

Risk management Risk Management Real-time Visibility 89

Procurement Tactics

SEPTEMBER 13, 2022

A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a successful and competitive model. The complexity of the supply chain can hinder visibility into crucial operational considerations such as labor conditions at a supplier’s factory that is miles away. Machine Learning.

Supply Chain Efficiency 183

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Sustainability 183

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

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 95

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 95

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

SupplyShift

MARCH 27, 2023

STANDARD ASSESSMENT Supplier ESG Assessment A social, environmental and business ethics performance assessment for your suppliers. Drive sustainability performance The Supplier ESG Assessment helps you get started on your journey towards understanding social, environmental, and business ethics practices throughout your supply chain.

Suppliers 52

Suppliers Real-time Visibility Ethics Supply chain 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

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

Finale Inventory

AUGUST 4, 2024

By tracking raw materials at every stage, you gain insights into lead times, quality control measures, and potential issues that could affect your production timeline. By knowing the exact quantity of each material in your inventory, you can avoid stockouts and prevent disruptions in your production process.

Raw materials 52

Raw materials Inventory Real-time Visibility Strategy 52

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

Procurement contracts 117

Procurement contracts Contract Procurement Negotiation 117

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

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

Finale Inventory

SEPTEMBER 4, 2024

Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain. How Finale Inventory Enhances Traceability By utilizing Finale Inventory’s features , small businesses can boost their supply chain traceability in several ways.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Inventory 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

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

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

Supply Chain Game Changer

APRIL 12, 2022

With the stakes so high it should be no surprise that the very prospect of supply continuity issues can create fear and wreak havoc on the time, focus, and mental well-being of Supply Chain professionals. By whatever means necessary (always ethical and legal of course) Supply Chain must get goods flowing again as quickly as possible.

Supply chain 111

Supply chain Supply Inventory Real-time Visibility 111

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

Jaggaer

DECEMBER 13, 2024

Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments. By standardizing procurement activities, organizations gain visibility over spending, strengthen supplier relationships, and optimize cash flow management.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 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

Spend Matters

MARCH 11, 2024

For our readers who couldn’t/didn’t attend, here are our own reflections based on the time we had ( if we missed you, apologies, but do reach out to us here to get your procurement tech solution in front of our analysts ). So cleansing of SMFs is vital, even though it takes time.

Procurement strategies 98

Procurement strategies Innovation Strategy Procurement 98

IBM Supply Chain Blog

NOVEMBER 3, 2022

If you haven’t been thinking about these questions, the time to start is now. Here are some reasons why sustainability is a differentiator that can increase revenue and profits: Differentiate your brand: Over the last 12 months , certain brand values have become more important when deciding to shop sustainably or ethically in some categories.

Supply Chain Efficiency 107

Supply Chain Efficiency Sustainability Agile and Lean Supply Chain Supply Chain Optimization 107

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

Procurement Heads

JULY 27, 2022

Many buyers who have started their careers in the last 15 years haven’t been exposed to some of the real challenges where the cost of what you buy can rise by 5-10% every year. I think procurement has had a lot of fantastic visibility and opportunity to demonstrate its value in the last few years.

Buyers 130

Buyers Sustainability Supply chain Procurement 130

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

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

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

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

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

IBM Supply Chain Blog

JULY 19, 2023

According to an IBM Security X-Force study , the time to execute ransomware attacks dropped by 94% over the last few years—with attackers moving faster. Red teaming occurs when ethical hackers are authorized by your organization to emulate real attackers’ tactics, techniques and procedures (TTPs) against your own systems.

Real-time Visibility 61

Real-time Visibility Networking Data Ethics 61

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