IBM Supply Chain Blog

NOVEMBER 10, 2023

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. For a business to see the benefits of an ERP adoption it must first be deployed properly and efficiently by a team that typically includes a project manager and department managers as well.

supply chain software solutions 122

supply chain software solutions Data Supply Chain Efficiency supply chain budgeting 122

Supply Chain Trend

JUNE 29, 2023

Extended Planning & Analysis , xP&A, is the evolution of financial planning beyond the finance function. It requires planning highly integrated with other business functions, a transformation of analytics , and a business partner culture, which combined lead to the requirement for modern FP&A skills in the workforce.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

Supply Chain Trend

JUNE 28, 2023

Extended Planning & Analysis (xP&A) , is the evolution of financial planning beyond the finance function. It requires planning that is highly integrated with other business functions, a transformation of analytics , and a business partner culture, which combined lead to the requirement for modern FP&A skills in the workforce.

Agile and Lean Supply Chain 60

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 60

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

IBM Supply Chain Blog

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Manufacturing: Enable efficient and intelligent manufacturing processes to better scale production, reduce downtime and optimize strategies and operations.

Data 80

Data Strategic planning Supply Chain Optimization Supply Chain Efficiency 80

IBM Supply Chain Blog

DECEMBER 4, 2023

In the rapidly-evolving business ecosystem, many companies face a combination of challenges, including inflation, supply chain disruptions and a complex labor market. It empowers businesses in their sales planning, budgeting and forecasting processes. These factors exert significant pressure on profitability.

supply chain budgeting 51

supply chain budgeting Agile and Lean Supply Chain Supply Chain Optimization Budget 51

IBM Supply Chain Blog

JUNE 29, 2023

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. Strategic planning Integrated Business Planning starts with strategic planning.

supply chain software solutions 83

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

IBM Supply Chain Blog

MAY 17, 2023

Business leaders know that their organization’s success relies on its ability to keep essential processes running smoothly and efficiently. Communication technology like email and Slack have become so essential that business grinds to a halt if there are gaps in service.

Management 76

Management Supply Chain Optimization Supply Chain Efficiency Import 76

IBM Supply Chain Blog

APRIL 13, 2023

But each organization is at a different point and has different goals when transforming their businesses and modernizing their SAP environments. This starts with looking at your individual business function and considering what areas need improvement. What are your current business process and operational challenges?

Change management 82

Change management Innovation Vendor management Management 82

SCMDOJO

MARCH 28, 2023

Blockchain technology is revolutionizing the way businesses manage their supply chains. However, implementing blockchain in your business also comes with its own set of challenges. With the advent of the digital age, businesses are constantly seeking innovative solutions to improve their operations.

Supply Chain Efficiency 107

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization supply chain software solutions 107

IBM Supply Chain Blog

MAY 25, 2023

It stands alongside IBM Consulting’s existing global AI and Automation practice, which includes 21,000 data and AI consultants who have conducted over 40,000 enterprise client engagements. The CoE is off to a fast start.

Innovation 108

Innovation Ethics Collaboration Data 108

IBM Supply Chain Blog

DECEMBER 4, 2023

In a new case study featuring IBM, Gartner talks about how to establish a governance framework to streamline the process of detecting and managing technology ethics concerns in AI projects. The post A look into IBM’s AI ethics governance framework appeared first on IBM Blog.

Ethics 82

Ethics Risk Networking Risk management 82

Zycus Cognitive Procurement

JANUARY 2, 2023

AP automation solutions are aimed at automating the end-to-end accounts payable process. Such solutions provide capabilities, such as automated workflow, vendor management, and electronic invoicing. There are several benefits to using AI-led AP automation over OCR and intelligent document processing (IDP) solutions.

Cost of ownership 52

Cost of ownership Vendor management Data Risk 52

IBM Supply Chain Blog

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Data 94

Data Strategy Supply Chain Efficiency Sustainability 94

IBM Supply Chain Blog

JUNE 26, 2023

By infusing artificial intelligence (AI) into IT operations , you can leverage the considerable power of natural language processing and machine learning models to automate and streamline operational workflows. To address this waste, consider implementing FinOps (Finance + DevOps). But where to start?

e2e 56

e2e Real-time Visibility Sustainability Data 56

ivalua

DECEMBER 6, 2022

Of course, I can only agree with their insights and the critical role of Procurement in solving business and societal problems, but one process is often overlooked. Procure to Pay is the process where much of the value potential is actually created…or where much value is leaking! . Internal re-processing costs .

e2e 130

e2e Suppliers Procurement Contract 130

IBM Supply Chain Blog

FEBRUARY 14, 2024

But the question for those of us in business is what are the best business uses? Here are 27 highly productive ways that AI use cases can help businesses improve their bottom line. Voice-based queries use natural language processing (NLP) and sentiment analysis for speech recognition so their conversations can begin immediately.

Real-time Visibility 88

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 88

IBM Supply Chain Blog

AUGUST 14, 2023

Even as AI becomes more pervasive in business, people are still a core competitive advantage. But business leaders are facing a host of talent-related challenges, as a new global study from the IBM Institute for Business Value (IBV) reveals , from the skills gap to shifting employee expectations to the need for new operating models.

Import 75

Import Strategy Data Risk 75

EazyStock

APRIL 18, 2023

With every crisis comes the potential for supply chain disruption that can cause chaos for stock-holding businesses. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. For example, warehouse costs, insurance and financing.

Supply Chain Optimization 52

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

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. Using AI for certain business tasks or without guardrails in place may also not align with an organization’s core values.

Risk 77

Risk Management Ethics Real-time Visibility 77

Supply Chain Game Changer

OCTOBER 14, 2022

The Supply Chain is the unseen driving force behind any business. As such, for business success you must improve Supply Chain. Over the years, it has changed due to technological developments, evolving from the manual processes using logistics and mechanization to the optimized, digital and automated mechanism of today.

Supply Chain Efficiency 99

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

Supply Chain Game Changer

SEPTEMBER 16, 2022

Small businesses, like medium- and large-scale organizations, need to simplify accounting strategies to attain growth. Failing to set procedures for keeping your finances in check can strain your revenue unnecessarily and halt growth. However, business accounting is different and more complex than other business tasks.

supply chain budgeting 86

supply chain budgeting supply chain software solutions Supply Chain Optimization Supply Chain Efficiency 86

SCMDOJO

MARCH 19, 2024

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

Supply Chain Optimization 74

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

IBM Supply Chain Blog

MAY 9, 2023

But we’ve faced a paradoxical challenge: automation is labor intensive. It sounds like a joke, but it’s not, as anyone who has tried to solve business problems with AI may know. Building a model requires specialized, hard-to-find skills — and each new task requires repeating the process.

Data 134

Data Quality Sourcing Sustainability 134

Planergy

MAY 30, 2023

Download Free Copy Travel and Expense Management: What Is It, Challenges and Best Practices Written by Lyle Del Vecchio 16 min read Expense Management Expense Reporting Process & Procedures Download PDF IN THIS ARTICLE What Is Travel and Expense Management? As you can see, a lot goes into managing business travel.

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. As a supply chain professional, you talk to the sales guy as well as the finance team, the admin team, the marketing team, etc. This gives an idea of the business in general and exposure to learn from them.

Agile and Lean Supply Chain 70

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 70

Zycus Cognitive Procurement

JANUARY 20, 2023

Paperless accounts payable systems are modern solutions that can help enterprises streamline their accounts payable (AP) processes and improve efficiency. With hundreds of thousands to millions of invoices to be processed every year, enterprises often employ dozens of accounts payable executives to do this job.

Real-time Visibility 52

Real-time Visibility e2e Data Suppliers 52

IBM Supply Chain Blog

DECEMBER 1, 2023

The fast-paced business world we live in today requires smart tools to manage a business’s operations and everyday needs. Enterprise resource planning (ERP) is a business management software built to do just that. On-premises customization can be done during the implementation process and thereafter.

supply chain software solutions 95

supply chain software solutions Supply Chain Optimization Data Management 95

Planergy

AUGUST 18, 2023

Types of Office Managers Office Environment Types: From Traditional to Virtual Software for Office Management Best Practices for Modern Office Management Modern Office Management Needs Strong Managers In today’s fast-paced business world, efficient business office management is more critical than ever. What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Planergy

AUGUST 18, 2023

Types of Office Managers Office Environment Types: From Traditional to Virtual Software for Office Management Best Practices for Modern Office Management Modern Office Management Needs Strong Managers In today’s fast-paced business world, efficient business office management is more critical than ever. What Is Office Management?

Management 52

Management Budget Collaboration Spend management 52

Procurify

MAY 19, 2022

For most finance people, that’s easier said than done. Spring is the busiest season for most accounting and finance professionals. This guide helps accounting, audit, tax, and finance teams eliminate the struggles of working from home so they can: Develop easy and efficient remote month-end close processes.

Real-time Visibility 52

Real-time Visibility Networking Collaboration e2e 52

Zycus Cognitive Procurement

FEBRUARY 14, 2022

Instead, the Accounts Payable (AP) department has become an integral part of any company that needs to be competitive in today’s business world. AP Automation Trends: Organizations are increasingly recognizing AP’s role in providing insightful analytical information. Don’t risk falling even further behind!

e2e 40

e2e Suppliers Data Purchase orders 40

Zycus Cognitive Procurement

SEPTEMBER 8, 2021

Once while reviewing our all time favourite pizza making process, I chalked down the ingredients like flour, cheese, veggies and pepperoni, but the most important ingredient of all was patience in the process! With E-invoicing mandates being rolled out by Governments, there is a significant push towards Accounts Payable automation.

Real-time Visibility 40

Real-time Visibility Vendor relationships Suppliers Data 40

IBM Supply Chain Blog

JANUARY 12, 2024

The advantages of AI are numerous and impactful, from predictive analytics that refine strategies, to natural language processing that fuels customer interactions and assists users in their daily tasks, to assistive tools that enhance accessibility, communication and independence for people with disabilities.

Data 104

Data Innovation Import Demand 104

IBM Supply Chain Blog

APRIL 14, 2023

The world of business demands the right decisions to succeed. However, their manual planning and budgeting process in spreadsheets posed several challenges, including lack of control, delayed data, poor execution, and the need for continuous follow-up with IT for actual data. This partnership has proven to be long-lasting.

Raw materials 73

Raw materials Budget Data Management 73