IBM Supply Chain Blog

SEPTEMBER 20, 2021

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. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex.

Supply chain resilience 52

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

Arkestro

DECEMBER 26, 2024

By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. Procurement teams will also continue to leverage supply chain mapping to gain a comprehensive understanding of the flow of data, materials, and payments within their supply chain.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

Supply Chain Visibility 98

Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 98

Jaggaer

OCTOBER 24, 2024

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Let's Talk Supply Chain

MARCH 3, 2025

Furthermore, supply chain resilience continues to be a top priority for businesses, with an emphasis on diversifying sourcing locations and building agile, responsive supply networks.

Supply Chain Optimization 52

Supply Chain Optimization Logistics Supply Chain Efficiency supply chain budgeting 52

Spend Matters

SEPTEMBER 19, 2023

, complete lockdowns on people’s ability to travel, work and create, wreak havoc on normal business operations with a compounding shockwave across supply chains. Given that catastrophic events lead to deadly and costly supply chain disruptions, catastrophic risk is at the forefront of operational and supply chain resilience.

Supply chain 107

Supply chain Supply chain resilience Supply Risk 107

Jaggaer

OCTOBER 24, 2024

Supply chain collaboration: a broader perspective Supply chain collaboration goes beyond linear relationships within a traditional supply chain. In a global business environment, supplier collaboration is better understood as a dynamic network involving partnerships within an extended ecosystem.

Collaboration 52

Collaboration Innovation Suppliers supply chain budgeting 52

Supply Chain Game Changer

JULY 27, 2021

Just saying you want to have a resilient Supply Chain doesn’t accomplish anything. According to mixmov.io , “Supply chain resilience is a supply chain’s ability to be prepared for unexpected risk events. Source: www2.deloitte.com. So What’s the Problem?

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Supply chain Strategy Real-time Visibility 119

Supply Chain Action Blog

JUNE 29, 2016

From an operational perspective, the largest leverage for revenue, margin, and working capital lies in the structure of the supply chain (or more properly, “value network”). Risk assessment and resiliency planning. Many value networks have never been “designed” in the first place. One size fits all.

Networking 45

Networking Supply Chain Optimization supply chain software solutions Supply chain 45

SCMDOJO

JUNE 28, 2024

Lack of Mentorship: Furthermore, women in the supply chain may encounter a lack of mentorship and networking opportunities, which are essential for career development and advancement. This can be invaluable for networking, advice, and career development.

Supply Chain Optimization 93

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 93

Spend Matters

OCTOBER 24, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is source-to-pay suite provider Onventis. This system also fosters seamless collaboration with suppliers within our extensive network.

Procurement solutions 107

Procurement solutions Supply Chain Efficiency supply chain software solutions Procurement 107

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Jaggaer

MARCH 2, 2020

Research reveals a rise in disruptive incidents deep in the supply chain. The latest Supply Chain Resilience Report published by the Business Continuity Institute in partnership with the Chartered Institute of Procurement & Supply (CIPS) provides some fascinating insights. Adverse weather (35.1%).

Risk 103

Risk Suppliers Management Supply Chain Optimization 103

Procurement Tactics

JANUARY 13, 2023

Meeting new people and building a network. It is a worldwide event for reverse logistics professionals that caters to powerful keynote speakers, content-driven discussions, and various networking opportunities for three days! Gartner Supply Chain Symposium 2023. Supply chain operations. Retail and CPG.

Procurement 159

Procurement Chief Procurement Officer Agile and Lean Supply Chain Supply chain 159

Supply Chain Action Blog

JUNE 29, 2016

Whether you formally create a center of excellence or not, an internal competence in value network strategy is essential. Weak Network Design Limits Business Success. From an operational perspective, the greatest leverage for revenue, margin, and working capital lies in the structure of the supply chain or value network.*.

Networking 40

Networking Supply Chain Optimization supply chain software solutions Supply chain 40

Supply Chain Game Changer

OCTOBER 8, 2020

Here are some interesting predictions from a reputable international research firm, IDC, which highlight key areas of technological applications regarding the impending digital revolution of the international supply chain. Digital Supply Chain Predictions. Blockchain.

Supply Chain Efficiency 74

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 74

Supply Chain Game Changer

APRIL 15, 2020

Source: Deloitte CPO Survey 2019. Below are some outlets that are trustworthy sources of news, content, reports, and conversations: LinkedIn Groups. Above all, LinkedIn Groups focused around procurement & sourcing keep you in large networks, amongst your peers. Source: Paua Ventures. What do you have to lose?

Procurement 90

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 90

Zycus Cognitive Procurement

JANUARY 20, 2023

ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.

supply chain software solutions 52

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 52

Una

JUNE 5, 2024

Key elements include diversified sourcing, real-time visibility, strategic inventory management, and the ability to quickly respond to disruptions. Companies that had invested in semiconductor supply chain resilience were able to maintain production and avoid costly delays. Why Do We Need Supply Chain Visibility?

Agile and Lean Supply Chain 52

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

EazyStock

DECEMBER 13, 2020

Supply chain volatility has been impossible to avoid with the advent of Coronavirus. Here are a few strategies to implement to support supply chain resilience and make your supply chain as responsive, robust and agile as possible. Optimize Inventory. They’re likely to continue into the new year.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain supply chain software solutions 98

IBM Supply Chain Blog

SEPTEMBER 18, 2023

Siloed processes can become integrated by using intelligent workflows, which help enable seamless and automated exchange of financial, informational and physical supply chain data in one distributed network. This approach can provide users with new and more efficient ways of conducting and financing global trade.

Supply Chain Efficiency 82

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 82

Zycus Cognitive Procurement

DECEMBER 15, 2022

Improving supply chain analytics. Enhancing supply chain resilience. Improving supply chain sustainability. Building Agile Supply Chain Ecosystems : . To minimize risks and increase agility, several organizations are now turning towards agile supply chain ecosystems.

Supply chain management 52

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

Zycus Cognitive Procurement

JANUARY 20, 2023

ESG Adoption and Integration: As the business dynamics continue to change, so do the sourcing and procurement mandates. Supply Chain Resilience: The unprecedented disruption caused by the pandemic has highlighted the importance of supply chain resilience.

supply chain software solutions 40

supply chain software solutions Procurement Supply chain resilience Supply Chain Efficiency 40

Supply Chain Game Changer

MARCH 18, 2021

Porter’s Value Chain and modeling of the value chain became the widely-accepted model for strategically aligning an organization, cross-functionally, in order to deliver a valuable product or service to the market. Procurement has generally and historically lacked diversity in a global context, within teams and supplier networks.

Procurement team 61

Procurement team Procurement supply chain budgeting Agile and Lean Supply Chain 61

TYA Suite

NOVEMBER 15, 2024

It should designate roles and responsibilities within the organization, establish protocols for communicating with stakeholders, and include contingency plans for sourcing materials from alternative suppliers. By working with multiple suppliers, businesses can avoid being overly reliant on any single source for materials or services.

Risk management 40

Risk management Risk Suppliers Strategy 40

Arkestro

DECEMBER 12, 2022

Limited Supplier Network. One of the biggest challenges facing pharmaceutical procurement teams is sourcing materials in a global market that constantly shifts based on geographic factors. Because of climate change, that region may be moving toward being unsuitable, requiring companies to seek new sources.

Real-time Visibility 52

Real-time Visibility Procurement e2e Raw materials 52

Finale Inventory

AUGUST 28, 2024

Additionally, the interconnected nature of today’s global economy means that a disruption in one region can have far-reaching consequences across the supply chain network. The sudden surge in online shopping has further strained supply chains, as businesses struggle to meet the increased demand.

Agile and Lean Supply Chain 52

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

World of Procurement blog

MAY 8, 2024

Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. Accurate demand forecasts enable effective supply chain planning. 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

Zycus Cognitive Procurement

DECEMBER 9, 2020

The challenge will be to make the supply chain resilient, better manage supplier risks without lowering profitability, and competitive advantage. When your supplier relations and supply chain grow globally, the complexity and the variables companies would need to monitor increase multifold. Source : [link] ).

Risk management 52

Risk management Risk Suppliers Management 52

Empowering CPO

MAY 8, 2023

These risks can arise from various sources, including suppliers, market conditions, geopolitical factors, and internal organizational processes. Effective procurement risk management entails identifying, assessing, and mitigating these risks to ensure a resilient and efficient supply chain.

Risk management 52

Risk management Risk Procurement strategies Strategy 52

Planergy

JANUARY 26, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. What to Do About It Make sure your system connectivity relies on a secure network. How to gain visibility and control of your indirect spend.

Risk 52

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

EazyStock

APRIL 18, 2023

Understand the resilience of your supply chain Supply chain resilience means managing day-to-day risk and having systems and processes to adapt to disruption in the supply chain. One way is to pass these increases on to your customers to reduce the need to source more capital.

Supply Chain Optimization 52

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

Claritum

JULY 23, 2018

Then there are the risks and element of uncertainty over the impact on a brand over sourcing diversely: where do sourced products come from? Who’s involved in manufacture and supply? Tap new sources of supply. Build resilience into your supply chain. Source McKinsey.

Supply chain 36

Supply chain Management Supply Suppliers 36

Arkestro

JULY 18, 2022

One of the most critical lessons learned during the global pandemic and its aftermath has been the importance of supply chain resilience. The good news is that these two goals are not mutually exclusive—in fact, sustainability can be a big part of building a more resilient supply chain. .

Supply chain resilience 52

Supply chain resilience Sustainability Supply chain Supply 52

ivalua

JUNE 15, 2022

The global supply chain is undergoing an incredible transformation that will change the way we do business. Today, organizations are looking to build supply chain resilience and maximize opportunities for growth as we pivot and prepare for unexpected global events. . Session REPLAY. 2B EUR Revenue in 2021.

Supply Chain Efficiency 130

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

EazyStock

JANUARY 27, 2021

Let’s look at the impact of each of these trends and see how you can incorporate them into your supply chain for 2021. Supplier diversification is a key component for supply chain resilience. The US has created a robust international trade network, with suppliers often being across international borders.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96

Supply Chain Game Changer

MAY 5, 2021

Companies have leveraged digital tools, and evolving skills, to collect vast data about product or raw materials sourcing, transportation, logistics, and manufacturing. They use advanced ERP software and S&OP strategy to match supply with demand, and turn over inventory faster and faster. But what do you think?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Supply chain Strategy 52