IBM Supply Chain Blog

MARCH 21, 2023

Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean? And since one of the major drivers of resiliency is visibility, you can see where this problem takes root.

Real-time Visibility 77

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Supply chain 77

Procurement Tactics

JUNE 8, 2023

Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require. Inventory management is a way for companies to figure out what and how much they should order, and when to do it. Preventing stock-outs is another crucial aspect of inventory management.

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

Supply Chain Game Changer

SEPTEMBER 22, 2022

Choosing suppliers. Whether you’re servicing other businesses in a B2B capacity or serving the general public, you need to be able to procure the right types of items in the right quantities to be successful. After that, a request for a proposal gets sent out to potential suppliers. Spend Visibility. Subscribe Here!

supply chain budgeting 101

supply chain budgeting Real-time Visibility supply chain software solutions Procurement 101

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

The Network Effect

NOVEMBER 14, 2014

Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing.

Agile and Lean Supply Chain 73

Agile and Lean Supply Chain Supply Chain Optimization Inventory Supply chain 73

Jaggaer

OCTOBER 24, 2024

The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships Artificial Intelligence plays a powerful role in effective supplier collaboration. It provides valuable insights, improves supplier management, and facilitates stronger and more profitable supplier relationships.

Supply Chain Optimization 52

Supply Chain Optimization Collaboration Suppliers Real-time Visibility 52

Finale Inventory

AUGUST 22, 2024

When managing a successful business, having dependable suppliers is vital. Finding suppliers you can trust to deliver quality products on time is key for maintaining customer satisfaction and ensuring smooth operations. This assessment ensures that you choose suppliers who meet your business requirements and expectations.

Suppliers 52

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

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. Improve Your Supplier Relationships. Great suppliers are reliable.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

Spend Matters

JUNE 19, 2023

They mainly make requisitions and purchase orders to suppliers through searches in internal or external catalogs or via configurable electronic forms. budget compliance and inventory availability), enable effective spend, preferred supplier and category management.

Procurement solutions 98

Procurement solutions Procurement supply chain budgeting Real-time Visibility 98

TYA Suite

NOVEMBER 15, 2024

Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. This transparency is a game-changer because it enables all parties to view the same information in real time. This level of visibility is invaluable for several reasons.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Supply Chain Game Changer

OCTOBER 5, 2022

The Bible records Egyptian people storing the surplus of agricultural goods so that they could be used in times of famine. Keeping records of the above is called a warehouse inventory. However, warehousing itself is usually limited to storing an inventory for a certain period of time and does not include additional services.

Supply Chain Efficiency 95

Supply Chain Efficiency Warehouse operations Order Fulfillment Quantity 95

Procurement Tactics

AUGUST 11, 2022

In simple terms, it is the amount of money you need to pay in order to store your unsold goods or inventory in a warehouse. . Commonly, the inventory holding costs comprise 20 to 30% of the total inventory value. Additionally, it increases the longer the time you have stored an item before selling it. .

Inventory 130

Inventory Real-time Visibility Negotiation Risk 130

EazyStock

AUGUST 28, 2023

As a cloud-based inventory optimization solution, EazyStock connects to your enterprise resource planning (ERP) or existing business system. It then automates those time-consuming and inaccurate manual inventory management processes. Manually calculating the EOQ is time-consuming and prone to errors in replenishment.

Real-time Visibility 52

Real-time Visibility Inventory Data Management 52

Finale Inventory

JULY 21, 2024

Analyzing historical sales data and market trends provides insights into customer preferences and future demand patterns, allowing informed decisions about production quantities. Key Concepts in Finished Goods Inventory Management Several key concepts are foundational for effective finished goods inventory management strategies and formulas.

Inventory 52

Inventory Strategy supply chain software solutions Real-time Visibility 52

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 98

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. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

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. Effective procurement strategies require a deep understanding of market trends, supplier landscapes, and the latest technologies.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

SCMDOJO

MAY 20, 2024

Traditional supply chain solutions once included strict protocols for manufacturing expectations and a priority on quantity over quality. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply chain Supply chain management Supply chain management 95

Finale Inventory

AUGUST 20, 2024

Key Challenges in Managing High Volume Inventory Managing large inventories presents specific challenges that need specialized techniques and tools. The volume of products, numerous suppliers, varying lead times, and fluctuations in customer demand can make manual inventory management overwhelming and error-prone.

Inventory 52

Inventory Supply Chain Efficiency Real-time Visibility Inventory control 52

Supply Chain Game Changer

APRIL 21, 2020

You reduce cost, you eliminate opportunities for error, you reduce time, you reduce inventories, and you strengthen your Supply Chain’s ability to operate in the face of any disastrous situation. The Don’t Touch philosophy is not restricted to physical goods and materials. In Manufacturing, Industry 4.0

Agile and Lean Supply Chain 91

Agile and Lean Supply Chain supply chain budgeting supply chain software solutions Supply Chain Optimization 91

The Network Effect

JULY 24, 2015

Suppliers who ship either in truckload quantities or as part of a milk run may be requested to utilize future forecasted demand within their 830 authorizations to fill allotted space on the designated carrier. When there is a choice, the supplier should always ship the higher runner first.

Supply chain 66

Supply chain Real-time Visibility Supply Networking 66

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. If you don’t know: exactly what you’re buying; from whom; and at what quantities and unit prices; then your business is at risk and you’re leaving cash on the table.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Category management Data 52

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

Finale Inventory

JULY 9, 2024

Creating a purchase order is a vital step in managing inventory for your ecommerce business. A purchase order serves as a legally binding document between you and your suppliers, specifying the details of the items you need to purchase. With the help of the Finale Inventory software, this process becomes seamless and efficient.

Purchase orders 52

Purchase orders Purchasing Inventory Real-time Visibility 52

Finale Inventory

JULY 22, 2024

Understanding the Concept of Advanced Shipping Notice (ASN) Definition of ASN The Advanced Shipping Notice, or ASN, is a notification sent by a supplier or manufacturer to a retailer or customer, informing them about the upcoming delivery of goods. ASN aids this by providing accurate and detailed product information before delivery.

Supply Chain Efficiency 52

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

SCMDOJO

NOVEMBER 24, 2023

A warehouse management system is a software solution that provides transparency and visibility to the entire warehouse operations. WMS is efficient enough to manage Inventories, order fulfillment, and inbound-outbound deliveries of any single warehouse or multi-location warehouse cluster.

Supply Chain Efficiency 96

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 96

HICX

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? As organizations scale and increase in size, so too does the organization’s number of suppliers, which means there are more risks to be managed.

Risk management 52

Risk management Risk Suppliers Management 52

Jaggaer

DECEMBER 13, 2024

Procure-to-Pay commonly known as P2P, encompasses the entire cycle of buying activities from identifying a need for goods or services to completing payment to a supplier. Its an integrated, end-to-end process that unifies procurement and finance, helping organizations streamline purchasing, minimize delays, and ensure timely payments.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility e2e 52

Finale Inventory

SEPTEMBER 17, 2024

Strategies for Effective Inventory Management Implementing a Centralized Inventory System A centralized inventory system consolidates all your inventory information in one place, including stock levels, product details, and supplier data. This approach prevents stockouts and improves customer satisfaction.

Inventory 52

Inventory Strategy Real-time Visibility Management 52

Supply Chain Game Changer

MARCH 23, 2021

But too often the expected deliverables from Supply Chain professionals are established without a real understanding of the totality and breadth of actual tasks that must be performed underneath those high level expectations. With an iceberg it is said that only 10% of it is visible as the rest is under the water.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Finale Inventory

JULY 10, 2024

Inventory management is an essential aspect of running an ecommerce business. A well-organized and efficient inventory system can save you time and money, while also improving customer satisfaction. Reduced Holding Costs: By maintaining optimal stock levels, you can minimize carrying costs associated with excess inventory.

Inventory 52

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

Finale Inventory

AUGUST 28, 2024

In ecommerce, effective inventory management is key to the success of your business. It ensures that you have the right products available at the right time, in the right quantities, and at the right cost. Inventory management is not just about the physical products but also about data and analytics.

Inventory 52

Inventory Import Management Supply Chain Efficiency 52

Finale Inventory

SEPTEMBER 24, 2024

In addition, purchase orders act as a key communication tool between a buyer and a seller, outlining the specifics of the transaction such as quantities, prices, and delivery timelines. It helps prevent stockouts by ensuring timely replenishment of inventory. Simply follow the on-screen instructions to get started.

Purchase orders 52

Purchase orders Purchasing Inventory Quantity 52

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time Compared to physical stores, eCommerce needs an attractive product range and a user-friendly platform and process that ensures orders are handled quickly, efficiently, and correctly. This creates a need for systems that work in real-time.

Purchasing 52

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

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels.

Purchasing 52

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

EazyStock

NOVEMBER 17, 2022

Update inventory levels in real-time. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels. Today’s customers are more demanding and expect product quantities displayed in the online store to match actual inventory levels.

Supply Chain Optimization 52

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