IBM Supply Chain Blog

JULY 26, 2023

Instead of relying on the previous year’s budget, ZBB requires you to evaluate and justify every expense from the ground up, justifying its necessity and alignment with strategic goals. The zero-based budgeting process is a strategic budgeting approach that mandates a fresh evaluation of all expenses during each budgeting cycle.

Budget 61

Budget Data Cost optimization Collaboration 61

Planergy

OCTOBER 18, 2023

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy.

Risk 52

Risk Real-time Visibility Negotiation Management 52

IBM Supply Chain Blog

APRIL 14, 2023

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. They faced obstacles such as a prolonged budget process, manual forecasting, and no product profitability.

Raw materials 73

Raw materials Budget Data Management 73

IBM Supply Chain Blog

DECEMBER 1, 2023

Enterprise resource planning systems aim to address all aspects of a business and improve business processes, such as accounting, real-time financial reporting, forecasting and other processes. 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

IBM Supply Chain Blog

SEPTEMBER 8, 2023

And many brand leaders still view CX as an expense, not an investment. AI is great for walking customers through their onboarding process and delivering tailored support based on their use cases and experiences. Given the rise of artificial intelligence, savvy brands are augmenting their abilities and improving experiences rapidly.

Purchasing 127

Purchasing Management 127

SCMDOJO

NOVEMBER 9, 2023

Warehousing expenses are often variable and depend on the amount of inventory stored. This comprehensive budget should encompass the entirety of ownership expenses required to sustain stock availability throughout the fiscal year. These are shown in our inventory control template excel later in the blog.

Inventory control 79

Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

IBM Supply Chain Blog

AUGUST 2, 2023

Moreover, AI-driven HR analytics can also improve decision-making to enhance hiring efficiency and streamline the screening and selection process. How can chatbots improve the employee experience and automate complex HR processes? HR chatbots can allow employees to allot their time and energy to higher value work.

Leadership 66

Leadership Strategy Data Quality 66

IBM Supply Chain Blog

MARCH 27, 2024

Dealing with these problems is difficult and expensive. When an extreme weather event occurs, a company might need to change its infrastructure and processes suddenly, either for the short term or permanently. There are likely to be direct expenses, along with missed opportunities and lost business.

Risk 67

Risk Sustainability Data Demand 67

IBM Supply Chain Blog

JANUARY 25, 2024

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. Even in the past, this method frequently led to additional expenses for expediting or shipping, along with concerns about the quality of parts. What’s at stake? Results may vary.

Supply Chain Optimization 81

Supply Chain Optimization Inventory Agile and Lean Supply Chain supply chain budgeting 81

Procurement Tactics

JULY 4, 2023

Thus, to achieve this consult with suppliers, market research, industry reports, or internal cost data. These tools typically include features such as data collection, analysis, and reporting. Research and collect data on material costs, labor costs, overhead costs, and profit margins.

Raw materials 209

Raw materials supply chain software solutions supply chain budgeting Price 209

IBM Supply Chain Blog

APRIL 10, 2024

Three in four executives reported disparate systems in their organizations and that a lack of skills, resources and common operational practices challenge business objectives. How efficient is your release process? Adopt developer tooling and agile processes to increase your velocity and help you address these issues.

Innovation 98

Innovation Sustainability Risk Demand 98

IBM Supply Chain Blog

APRIL 25, 2023

In a prior blog , we pointed out that warehouses, known for high-performance data processing for business intelligence, can quickly become expensive for new data and evolving workloads. And ML processes consume an abundance of capacity to build models.

Data 57

Data Strategy Warehouse optimization Demand 57

Finale Inventory

NOVEMBER 20, 2023

This blog will explore how class tracking can simplify financial management for ecommerce businesses and how sellers can gain clarity and control over their diverse inventory. Report Analysis: Sellers can generate detailed reports for each class within Quickbooks Online, allowing users to make inventory adjustments within Finale.

Inventory 52

Inventory Budget Price Management 52

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. It involves developing detailed financial projections, including revenue forecasts, expense budgets, and cash flow forecasts.

supply chain software solutions 83

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

Strategic Sourceror

DECEMBER 20, 2022

Instead of each of these processes being done manually, automated fulfillment leverages technology to perform them all faster, more accurately and with greater efficiency. Automated fulfillment helps to get items out the door more quickly by doing in seconds what manual processes take minutes to perform.

Supply Chain Optimization 108

Supply Chain Optimization Supply Chain Efficiency Order Fulfillment Demand 108

IBM Supply Chain Blog

MARCH 28, 2023

Addressing these issues might appear to be relatively easy, just land all data in a centralized data lake and process it from start to finish. But that is a bit too simplistic because simultaneously, data needs to be processed for near-real-time decision support access and often the curated data inputs resides in a data warehouse repository.

Data 80

Data Price Sourcing Quality 80

IBM Supply Chain Blog

SEPTEMBER 27, 2023

It is achieved through observing real-time frameworks, performance-monitoring libraries and crash-reporting tools. By leveraging observability in mainframes, organizations can gain insights into system performance, identify inefficiencies, and optimize resource allocation for critical business processes.

Real-time Visibility 78

Real-time Visibility e2e Data Influencing 78

IBM Supply Chain Blog

JANUARY 11, 2024

Strong DR planning helps businesses protect critical data and restore normal processes in a matter of days, hours and even minutes. Failback is the process where operations are switched back to the original system once the threat has been mitigated. Establishing your RTO and RPO are critical steps in your recovery process.

Networking 104

Networking Data Risk Import 104

IBM Supply Chain Blog

OCTOBER 16, 2023

It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits. GPT-3, OpenAI’s language prediction model that can process and generate human-like text, is an example of a foundation model. Track models and drive transparent processes.

Risk 77

Risk Management Ethics Real-time Visibility 77

Planergy

JUNE 30, 2022

We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with PLANERGY. Accounting Financial Reporting Technology & Software. Xero’s features include automated recordkeeping, expense calculation, invoicing, and report generation.

Management 52

Management Real-time Visibility Budget Purchase orders 52

Strategic Sourceror

JANUARY 20, 2023

Businesses that buy from suppliers based in countries with weaker currencies could expose themselves to significant risk if the values of those currencies drop too much, while those that sell to certain buyers might make bloated returns that artificially inflate performance reports and revenue projections.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

IBM Supply Chain Blog

FEBRUARY 6, 2024

Today’s enterprises face a broad range of threats to their security, assets and critical business processes. Cyber recovery is the process of increasing your organization’s cyber resilience or ability to restore access to and functionality of critical IT systems and data in the event of a cyberattack.

Data 98

Data Strategy Risk Networking 98

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. If that ticket is reassigned to second agent or team for resolution after that initial assignment, it signals inefficiencies in the process.

Management 76

Management Supply Chain Optimization Supply Chain Efficiency Import 76

IBM Supply Chain Blog

MARCH 27, 2024

Company leadership is already trumpeting new data processing applications and how smoothly already favored apps will be integrated into the new, high-performance system. Nor does it mention the complicated and possibly expensive agreements that will need to be struck with local governments and communities.

Data 109

Data Purchasing Cost of ownership Quantity 109

IBM Supply Chain Blog

SEPTEMBER 6, 2023

.” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. However, the traditional budgeting process, in its pursuit of precision and consensus, can take several months. Collaborative efforts often lead to version control issues, slowing down the process.

Budget 89

Budget Collaboration Data Strategy 89

IBM Supply Chain Blog

FEBRUARY 13, 2024

They are now capable of natural language processing ( NLP ), grasping context and exhibiting elements of creativity. The process demands high-level skills and resources, but the results are more likely to be compliant, custom-tailored and business-specific. Teamwork: Assemble a team with expertise in AI, data science and your industry.

Data 125

Data Ethics Quality Project management 125

Let's Talk Supply Chain

JUNE 15, 2023

Additionally, the process does not end once the in-house last-mile delivery technology is implemented. Analytics and reporting: Last-mile delivery technology must act as a repository of all the data involved in making deliveries. It should have in-built analytics and reporting capabilities. Click here!

Route optimization 98

Route optimization Real-time Visibility Supply Chain Efficiency Supply Chain Optimization 98

Procurify

MAY 19, 2022

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. We know you want to just get on with your close, reporting, and personal tasks. Month-end reporting is required by many companies. We know you’re busy.

Real-time Visibility 52

Real-time Visibility Networking Collaboration e2e 52

IBM Supply Chain Blog

JULY 5, 2023

What’s more, IT infrastructure becomes a pay-as-you-go operational expense with most public cloud providers. These tools can work across multiple clouds and create reports showing the combined, multicloud data. On-demand capacity is the most expensive. Limit data transfer fees by avoiding unnecessary data transfers.

Cost optimization 71

Cost optimization Real-time Visibility Price Budget 71

SCMDOJO

FEBRUARY 13, 2023

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. In this blog, we will be breaking down these roles and responsibilities for you and highlighting the importance of this very underrated organizational department. They also manage all employees within the department.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

IBM Supply Chain Blog

NOVEMBER 30, 2023

IBM’s 2023 Cost of a Data Breach report reveals that the average cost of a data breach in India has increased to an all-time high of INR 179 million in 2023, which is approximately a 28% increase since 2020. Some are investing in expensive security infrastructure and setting up internal security teams. What is the next frontier?

Strategy 73

Strategy Data Risk Sourcing 73

Procurify

JULY 21, 2022

Benjamin Franklin once said, “Beware of little expenses. Here are questions CFOs can ask themselves to start auditing their own spend management processes: What is our discretionary spend? Accounting and operations teams rarely get a chance to fix underlying problems and address process issues that cause inefficiencies at work.

Spend management 52

Spend management Management Budget Purchase orders 52

Arkestro

OCTOBER 10, 2023

Resources / Blog / AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 52

Supply Chain Game Changer

JULY 13, 2020

It is a fact that an increasing number of supply chain companies—especially small and medium businesses—are investing in CRM solutions to manage their business processes. When we say business processes, we are talking about managing customer interactions, tracking leads, streamlining business processes and so much more.

supply chain software solutions 78

supply chain software solutions Supply Chain Efficiency Supply chain Supply 78

Procurify

AUGUST 11, 2022

This blog will outline solutions to implement when planning for a downturn. Manage your expenses and debts. Managing cash also includes finding ways to better manage expenses and debts. Where you can, reduce business expenses such as the lease of your office space. So, what can you do to prepare for a recession?

supply chain budgeting 52

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

IBM Supply Chain Blog

JULY 11, 2023

AI can help make healthcare operations more efficient Healthcare organizations are using AI to improve the efficiency of all kinds of processes, from back-office tasks to patient care: Administrative workflow: Healthcare workers spend a lot of time doing paperwork and other administrative tasks.

Ethics 60

Ethics Data Risk Sustainability 60

IBM Supply Chain Blog

JUNE 30, 2023

Facts about retail supply chains According to the IBM Institute for Business Value’s 2022 consumer report Consumers want it all : 82% of consumers would choose a more environmentally friendly delivery option, even if it costs more 73% of consumers said that traceability is important to them. Checking all these boxes is no small feat.

Retail Supply Chain 65

Retail Supply Chain Supply Chain Efficiency Supply Chain Optimization supply chain budgeting 65