article thumbnail

Generative AI use cases for the enterprise

IBM Supply Chain Blog

Code generation : Software developers and programmers use generative AI to write code. Experienced developers are leaning on generative AI to advance complex coding tasks more efficiently. This includes technical documentation, user manuals and other relevant materials that accompany software development.

Data 122
article thumbnail

Business strategy examples

IBM Supply Chain Blog

Starbucks also paid careful attention to its supply chain, ensuring is products were ethically sourced and offering specialty drinks that in some geographic locations could be difficult to find. The company’s early focus on talent management for service employees was a major differentiator, as well.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Boosting Business Growth With the Help of a GPO

Una

Businesses that constantly shake things up – whether in product development, processes, or business models – stay ahead of the curve. Procurement can promote employee value all the way down the value chain by ensuring suppliers comply with fair labor practices, ethical standards, and employee well-being.

article thumbnail

2024: Procurement Challenge, Opportunity and Transformation

Barkers Procurement

The right digital procurement technology can centralise spend data, identify trends and compliance to metrics, pinpoint opportunities, and simplify supply chain decisions as a result. Good ethics are attractive to suppliers and to customers. All crucial components when knowing exactly where you are, and where you want to be.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives. This includes environmental protection, fair labor practices, ethical business conduct, and more. It requires trust, transparency, and a shared vision for success.

article thumbnail

Top 10 Procurement Best Practices for Modern Businesses

Empowering CPO

By effectively managing the purchasing process, companies can better control their expenditures and optimize their supply chain, ensuring the availability of the right products and services at the right time. Prioritize Sustainability and Ethical Sourcing A. Some of the key benefits include: 1.

article thumbnail

BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

Very few CEOs come from Procurement or Supply Chain. In a world of hyper connectivity created by rampant globalisation, Apple had shown itself to be a master of procurement, working with suppliers around the world to create the highest quality and most innovative products, all for the best price.