How Ambient IoT Enables Real-Time Visibility for Retailers
Supply Chain Brain
MAY 15, 2024
Everyone in business has myriad challenges vying for attention, and an ingrained aversion to the risks of being a “first mover.”
New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution
ivalua
JULY 12, 2021
Helping businesses reduce the risk of supply chain disruption, optimize inventory levels and make better buying decisions. Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability.
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Challenges and risks associated with lack of real-time monitoring in SAP
IBM Supply Chain Blog
OCTOBER 16, 2023
Real-time monitoring in SAP BTP lets users harness the power of proactive detection and transform their operations, eliminating problems related to sluggish performance, downtime and troubleshooting errors. In addition, real-time monitoring helps to comply with SLAs, reduce risks and safeguard your operations.
Real-time IT: Gaining ground in supply chain and logistics
All Things Supply Chain
AUGUST 22, 2022
Complex processes demand ever faster response times and decisions across the entire supply chain. The concept of real-time IT is becoming a key theme, especially in the business sector of…
It’s Time to Rethink Supply Chain Risk Management
ivalua
SEPTEMBER 19, 2022
The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. Loss of sales and market share are the most visible and measurable impacts. Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.
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393: Get 100% Visibility Over Your Final Mile, with OneRail
Let's Talk Supply Chain
FEBRUARY 26, 2024
With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses. 13.10] The different options available to customers, and why the big and bulky category is changing the last mile game.
The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data
Planergy
DECEMBER 25, 2023
How to gain visibility and control of your indirect spend. Thanks to AI and other tools, you can now make better decisions with real-time data. But what exactly is FP&A, and how is it evolving with the advent of real-time data? How to report and analyze indirect spend to identify savings opportunities.
Why Do We Need Supply Chain Visibility?
Una
FEBRUARY 19, 2024
Why Do We Need Supply Chain Visibility? Supply chain visibility is a critical factor for organizations aiming to mitigate risks, optimize processes, and capitalize on opportunities. But why does achieving comprehensive visibility remain a pressing challenge for so many businesses? Why is visibility so important?
A Balancing Act: Drive Sustainability while Managing Cost and Risk
ivalua
APRIL 27, 2023
Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?
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A 2024 Supply Chain To-Do List
Supply Chain Brain
FEBRUARY 21, 2024
Future-proofing supply chains to manage risk, boost real-time visibility, enhance sustainability, deploy AI effectively, and promote end-to-end collaboration is critical. The global economy is slowly recovering, but volatility remains a constant. Tick-tock…
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The Importance of Supply Chain Visibility for Procurement
NLPA (Next Level Purchasing Association)
MAY 8, 2023
Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. Benefits of Investing in Supply Chain Visibility To address these challenges, businesses are increasingly turning to supply chain visibility solutions.
Obstacles to Multi-Tier Supply Chain Visibility!
Supply Chain Game Changer
SEPTEMBER 5, 2022
Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.
Data breach prevention: 5 ways attack surface management helps mitigate the risks of costly data breaches
IBM Supply Chain Blog
SEPTEMBER 13, 2023
The role of attack surface management in data breach containment Despite employing an arsenal of cybersecurity measures to protect sensitive data, many organizations find themselves in a relentless race against time, as they strive to bridge the gap between the moment a data breach occurs and when it is effectively contained.
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Navigating Ecommerce Growth: Tools for Returns and Inventory Management in 2024
Finale Inventory
FEBRUARY 19, 2024
For customers, inadequate customer support leads can lead to delays, extending the time for processing and refunds. Businesses confront re-stocking, handling damaged goods, adjusting inventory inaccuracies, and navigating the risk of overselling during high-demand periods. But how do you get to why a customer initiated a return?
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Overhaul Launches Truckshield, an App-Based, Risk Management Solution
Supply Chain Brain
MAY 4, 2021
Overhaul, a real-time supply chain visibility and risk-management technology provider, has announced the launch of TruckShield, an industry-first, risk-management technology solution for North American motor carriers.
378: Achieve 360° Supply Chain Visibility for Greater Control and Optimization, with SDI
Let's Talk Supply Chain
DECEMBER 4, 2023
SDI is the supply chain solutions and services company that specializes in helping large, multi-site facilities and plant maintenance leaders reduce costs and risks while driving overall performance results and outcomes. We look to augment and enhance – it’s a real partnership.” 37.06] The future for SDI.
Supply chain visibility in the energy and utilities industry
IBM Supply Chain Blog
JUNE 30, 2023
For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.
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Tail Spend: Your Guide to Full Spend Visibility and Savings
Una
AUGUST 17, 2022
A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.
How Risk Management Software is Transforming 3 Industries!
Supply Chain Game Changer
NOVEMBER 2, 2022
Supply Chain Risk Management is a Cirque Du Soleil Calibre Act! You also have to make sure they get to their intended destination on time, in good condition, and ready to be sold. In fact, 89% of businesses encountered a supplier risk event in the last five years. Subscribe Here! Email Address.
Manufacturers Must Seek Better Supply Chain Visibility
ivalua
DECEMBER 16, 2015
One area that manufacturers need to focus on is improving supply chain visibility. Here we define visibility as having access to accurate, real-time data that enables better decision making and risk mitigation. Visibility all the way up the supply chain. Demand visibility all the way up the supply chain.
What Are the Benefits of Having a Transport Management System?
Procurement Tactics
JANUARY 23, 2023
By collecting data on routes, stock levels, drivers’ availability, vehicle tracking, and other pertinent information, a transport management system accurately forecasts expected delivery times while efficiently scheduling drivers accordingly.
Strengthening the shield: Procurement’s partnership with information security to mitigate cyber risk
Spend Matters
JUNE 20, 2023
This content does not express the views or opinions of Spend Matters In our previous installment on Spend Matters, we discussed the rapid evolution of Supply Chain Risk Management happening within procurement organizations. But what is procurement’s role in managing something as technologically complex as cyber risk across the supply chain?
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How to Prevent Oversolds and Stockouts
Finale Inventory
MAY 16, 2024
A reorder point is the level of inventory you choose to indicate when it’s time to order new stock. Relying on manual processes and spreadsheets makes it difficult to track inventory in real-time, while increasing the risk of oversolds and stockouts through human error. Incorrect reorder points.
How generative AI will revolutionize supply chain
IBM Supply Chain Blog
MAY 1, 2024
From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless. Inventory management Generative AI models can continuously generate optimized replenishment plans based on real-time demand signals, supplier lead times and inventory levels.
Data-driven inventory management: the secret to business success
EazyStock
AUGUST 28, 2023
When it comes to inventory management, relying on gut feelings and historical data may lead to inefficiencies, missed opportunities and incorrect inventory levels. When combined with manual inventory management processes, you increase the risk of human errors, which can culminate in stockouts and overstocking.
What is Supply Chain Management? A Guide to Success
SCMDOJO
APRIL 29, 2024
A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Efficient transportation systems minimize delays, reduce costs, and ensure timely delivery to customers. It involves the movement of goods from one location to another, whether by road, rail, air, or sea.
Everstream Analytics: Vendor Analysis — Supply chain risk management solution overview, competitors, tech selection tips, analyst summary
Spend Matters
FEBRUARY 13, 2023
The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. To potential buyers — Everstream Analytics is able to monitor and map n-tier suppliers, providing an in-depth look into its customers' risk.
Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees
Finale Inventory
APRIL 18, 2024
To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs, the timing of it all. Amazon’s recent introduction of low inventory fees is a key development you need to be aware of. This key timing (the time between placing an order and receiving inventory) is crucial.
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike
ivalua
FEBRUARY 10, 2023
It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.
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How to Improve Supply Chain Efficiency and Productivity with Visibility Data
FourKites
DECEMBER 23, 2020
One additional area of focus is risk management, which, if left unchecked, can cause unexpected expenses to skyrocket within the other three budget areas. When creating a strategy for improving the productivity of your supply chain, you should analyze your costs within the following four areas: Staff time. 2: Right-size Your Inventory.
CPO Crunch: Looking back on the ‘year of AI’
Procurement Leaders
JANUARY 8, 2024
The results of the transformation were profound: a 50% reduction in the number of days to delivery, as well as much tighter financial controls and supplier visibility in a sector where “because it’s a matter of life and death, speed is of the essence”. Practical, pragmatic, and effective.
4 smart technologies modernizing sourcing strategy
IBM Supply Chain Blog
FEBRUARY 28, 2024
Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction.
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How to use foundation models and trusted governance to manage AI workflow risk
IBM Supply Chain Blog
OCTOBER 16, 2023
As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.
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Building a sustainable automotive supply chain
IBM Supply Chain Blog
JUNE 30, 2023
. Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?
There’s Something Happening Here (With Truck Drivers, Logistics Planning)
Supply Chain Collaborator
JUNE 4, 2020
For good or for ill, truck drivers seem to always play an integral role during these challenging times, serving as a flash point for the consciousness of America. Perhaps due to this dedication to keep cargo moving in spite of any obstacles, there is a pattern of drivers being caught in the crossfire during times of civil distress/unrest.
7 Strategies for Seamlessly Optimizing Warehouse and Sales Channels
Finale Inventory
JANUARY 29, 2024
Implement real-time inventory management Implementing real-time inventory management is essential to understanding your stock levels so that you can make data-driven decisions based on the most up-to-date information. The most effective way to achieve this is by using inventory management software.
Advanced endpoint protection vs. risk-based application patching vs. laptop management: Similarities and differences
IBM Supply Chain Blog
AUGUST 1, 2023
These capabilities help identify and block advanced threats like ransomware and cyberattacks in real-time on any type of endpoint. Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation. ” What is risk-based application patching?
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Intake & Procurement Process Orchestration (2024 Guide)
Procurement Software
MAY 14, 2024
By embracing a strategic approach to procurement, you can streamline operations, mitigate risks, and foster stronger supplier relationships. Not only that, it offers streamlined operations and risk management, crucial for optimising cost savings and enhancing performance. What is procurement intake?
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The Benefits of Cashless Procurement Systems
NLPA (Next Level Purchasing Association)
APRIL 24, 2024
A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.
#1! Are you a Supply Chain Digital Champion?
ivalua
MAY 30, 2022
To stay ahead of all of these risk factors and changing demands, organizations need to discard their linear supply chain models and embrace an autonomous, end-to-end connected ecosystem. The financial benefits include greater profitability, reduced costs, accelerated time-to-market, and faster time-to-delivery. .
LogiChem Announces Speaker Lineup and Agenda for World’s Leading Chemical Supply Chain Event
Supply Chain Brain
FEBRUARY 8, 2024
Lastly, harness the power of master data integration throughout the supply chain, granting real-time visibility and risk mitigation, ensuring that business sails smoothly through turbulent waters. Secondly, recalibrate digitalization strategy, prioritizing cost-effective solutions for maximal business impact.
Inventory Control — What You Should Know
Procurement Tactics
MAY 31, 2023
Inventory control helps to avoid the various costs associated with purchasing excessive inventory and the strains of operating without sufficient inventory. If a company can lower inventory, it may discover new funds available for expansion or profits. Thus, learning how to control warehouse inventory is essential.
Streamlining supply chain management: Strategies for the future
IBM Supply Chain Blog
FEBRUARY 19, 2024
To mitigate these risks , companies need the resources and technology to develop robust contingency plans. 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.
The Missing Step to Most Supply Chains that Increases Efficiency
SCMDOJO
JUNE 14, 2023
But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain. Having supply chain visibility is crucial for several reasons.
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