IBM Supply Chain Blog

APRIL 22, 2024

It follows security standards and guidelines, such as IBM Cloud for Financial Services® , SOC Type 2, that ensures the highest levels of security and compliance requirements. However, with careful planning and appropriate resources, it is feasible to automate most aspects of the deployment process.

Management 69

Management Demand Risk Strategy 69

IBM Supply Chain Blog

DECEMBER 8, 2023

As Benjamin Franklin once said, “If you fail to plan, you are planning to fail.” ” This same sentiment can be true when it comes to a successful risk mitigation plan. Risk mitigation is the practice of putting an action plan in place to reduce the impact or eliminate risks an organization might face.

Risk 74

Risk Strategy Risk management Import 74

IBM Supply Chain Blog

FEBRUARY 6, 2024

Today’s enterprises face a broad range of threats to their security, assets and critical business processes. Whether preparing to face a complex cyberattack or natural disaster, taking a proactive approach and selecting the right business continuity disaster recovery (BCDR) solution is critical to increasing adaptability and resilience.

Data 98

Data Strategy Risk Networking 98

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. In this scenario, traditional planning methods may hinder a company’s ability to respond quickly and strategically to changing opportunities and challenges.  

supply chain budgeting 51

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

IBM Supply Chain Blog

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Innovation 61

Innovation Bill of materials Risk Risk management 61

The Good Spending

APRIL 2, 2023

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. In some companies (and I'm quoting my own experience), procurement planning barely exists.

Procurement 98

Procurement Demand Planning Budget Category management 98

IBM Supply Chain Blog

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. DORA applies to all financial institutions in the EU. What is cyber resilience?

Data 81

Data Strategy Risk management Risk 81

IBM Supply Chain Blog

APRIL 26, 2023

When you add to that the diverse needs of their clients and partners in healthcare, aerospace, telecommunications, and consumer industries, you can see why they would be interested in continuing to enhance financial reporting. The integrated solution plays a role in reporting, analysis, planning and forecasting.

Supply Chain Efficiency 84

Supply Chain Efficiency Supply chain Data Leadership 84

IBM Supply Chain Blog

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents. What is a disaster recovery plan (DRP)?

Strategy 100

Strategy Data Risk Import 100

IBM Supply Chain Blog

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. Why should businesses act now on climate change? Climate change exposes organizations across a range of sectors to operational and financial risks.

Risk 67

Risk Sustainability Data Demand 67

IBM Supply Chain Blog

APRIL 27, 2023

Another recent study from the IBM Institute for Business Value (IBV) and SAP surveyed 2,125 senior executives involved in their organizations’ environmental sustainability strategies. ERP is the technology of record, touching virtually every organizational business process.

Sustainability 86

Sustainability Real-time Visibility Data Strategy 86

IBM Supply Chain Blog

JANUARY 11, 2024

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness.

Networking 104

Networking Data Risk Import 104

Finale Inventory

NOVEMBER 20, 2023

Are you struggling to keep track of your business finances? Many sellers excel in providing top-notch products and services but find financial management, especially detailed accounting, daunting. Let’s Talk Segmentation Let’s dive into a common challenge many business owners face: managing finances. You’re not alone.

Inventory 52

Inventory Budget Price Management 52

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 Game Changer

SEPTEMBER 11, 2022

Small Business Cost Cutting: A Short Guide! Running a successful business venture has a lot to do with keeping track of your small business finances to maintain a positive cash flow and stay on top of things. Most small business owners tend to underestimate the impact financial management can have on business profitability.

Management 89

Management supply chain budgeting Supply Chain Optimization Inventory 89

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

In today's fast-paced business world, efficient procurement processes are more crucial than ever. Whether you're running a small business or overseeing operations for a large corporation, understanding the procurement lifecycle is vital for minimizing costs while maximizing value. But what exactly goes into these processes?

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

IBM Supply Chain Blog

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Remediate risks and put together implementation plans. ESG risk can be managed in a similar way to any other type of risk in the business. Monitor and track ESG performance.

Risk management 86

Risk management Risk Management Sustainability 86

IBM Supply Chain Blog

JUNE 23, 2023

Perhaps you are using a next-gen Enterprise Resource Planning (ERP) system and an unmatched F&A planning platform that delivers advanced predictive analytics. Comprehend and report : Generative AI can comprehend and report financial data to provide valuable insights and support decision-making process.

Data 56

Data Innovation Strategy Suppliers 56

Procurement Tactics

JUNE 22, 2023

A business expert or a procurement manager can know the difference between a sales order and a purchase order, but these two documents are the same for many others. It is a document that serves as a list of goods or services that a business/buyer would like to purchase from a supplier.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

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

IBM Supply Chain Blog

APRIL 22, 2024

CEOs say that sustainability investments will help drive better business results in the next 5 years. One of the key challenges they face is the lack of reliable data and insights, according to an IBM survey of business leaders. This approach can help organizations to more easily establish a sustainability strategy across the business.

Sustainability 85

Sustainability Data Sourcing Strategy 85

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Price 264

Price Strategy Sourcing Real-time Visibility 264

IBM Supply Chain Blog

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Data 86

Data Risk Innovation Strategy 86

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. An example is manufacturing industry software which includes MRP, or material requirements planning.

supply chain software solutions 95

supply chain software solutions Supply Chain Optimization Data Management 95

IBM Supply Chain Blog

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. One action is implementing secure, AI-first intelligent workflows to run your enterprise.

Risk 61

Risk Strategic planning Strategy Data 61

IBM Supply Chain Blog

JULY 26, 2023

Zero-Based Budgeting (ZBB) is like solving a financial puzzle. It’s like starting with a blank canvas and carefully selecting each budget item based on its value and contribution to your financial objectives. Learn more about IBM Planning Analytics What is Zero-Based Budgeting?

Budget 61

Budget Data Cost optimization Collaboration 61

IBM Supply Chain Blog

JANUARY 26, 2024

In this blog, we’ll explore the importance of vegetation management, its impact on multiple industries, the challenges it presents and how technology can streamline this manual and laborious process. Power utilities have an infrastructure that spans vast areas, and failures can affect many businesses and consumers.

Management 70

Management Budget Data Risk 70

IBM Supply Chain Blog

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. This is something we’re likely to see more of this year. One example of this is in insurance.

Sustainability 51

Sustainability Risk management Risk Management 51

Supply Chain Trend

JUNE 28, 2023

Extended Planning & Analysis (xP&A) , is the evolution of financial planning beyond the finance function. In two articles, based on the webinar “XP&A in action: Enhancing FP&A Agility with Supply Chain Planning” , I will discuss the future of xP&A and supply chain planning.

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

In today's competitive business environment, procurement isn't just a necessity; it's a strategic function that can significantly influence a company’s bottom line. We also provide strategic considerations for businesses planning to adopt procurement technology. Software like Concord and Agiloft comes to mind.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

IBM Supply Chain Blog

JUNE 23, 2023

For F&A leaders, this means that it may have the ability to transform financial data, such as business performance reports, commentary and narratives. Financial reporting narratives (as well as commentary) play a pivotal role in providing meaningful insights and contextual understanding of a company’s financial performance.

Data 65

Data Strategy Collaboration Ethics 65

IBM Supply Chain Blog

JANUARY 15, 2024

However, a lack of precise top-level planning and a narrow focus on technology without integration with business needs led to significant investments with suboptimal results for many companies. The plan aimed to address digital transformation along with a digital construction plan for 2023.

Innovation 75

Innovation e2e Data Quality 75

Arkestro

APRIL 23, 2024

Resources / Blog / Embracing AI and Predictive Procurement to Overcome Industry Challenges Embracing AI and Predictive Procurement to Overcome Industry Challenges Today’s procurement teams are faced with a host of challenges: Managing more spend with fewer headcount. Enhancing supplier performance.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

Supply Chain Game Changer

MAY 4, 2022

All purchase order terms, accounts payable, purchase requisitions, and other financial moves made can be monitored, and proper plans can be made to fulfill them. A major problem with the traditional system of accounting used by a lot of small business owners is the time consumed during the month-end closing.

Purchase orders 93

Purchase orders Supply Chain Efficiency supply chain software solutions Purchasing 93

Supply Chain Game Changer

JULY 2, 2021

Financial management article and permission to publish here provided by Marlene Coleman. Businesses have come a long way from just selling products and services to refining various processes and audience targeting. Today, running a business is undoubtedly rewarding but challenging at the same time.

Management 73

Management supply chain budgeting supply chain software solutions Supply Chain Efficiency 73