IBM Supply Chain Blog

JANUARY 22, 2024

Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective. The growing importance of edge computing, driven by the need for faster data processing and reduced latency, also reshapes data center architecture.

Data 110

Data Sustainability Innovation Buyers 110

IBM Supply Chain Blog

MAY 1, 2024

Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. The integration of generative AI in supply chain management holds immense promise for businesses seeking to transform their operations.

Supply Chain Optimization 73

Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Efficiency Supply chain 73

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

ProcurePort

FEBRUARY 17, 2022

Making use of invoices and purchase orders software can save small businesses significant monetary costs that would otherwise have gone to hiring staff. An automated invoice processing system equally reduces […]. Purchase order software makes it possible to generate purchase orders based on the purchase requisition.

Purchase orders 130

Purchase orders Purchasing 130

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. But it’s clear that CIOs who prioritize modernization capture greater returns from business transformation. Executives know they must modernize.

Innovation 99

Innovation Sustainability Risk Demand 99

IBM Supply Chain Blog

JANUARY 16, 2024

You want to use AI to accelerate productivity and innovation for your business. Join us in Boston for Think 2024, a unique and engaging experience that will guide you on your AI for business journey, no matter where you are on the road. Join us at the forefront of AI for business: Think 2024. You have to move fast.

Sustainability 108

Sustainability Strategy Innovation 108

ProcurePort

JULY 14, 2021

To date, 89% of businesses in the United States have adopted a digital-first enterprise strategy. And according to Tech Pro Research, 70% of businesses already have a digital transformation strategy in place or are drafting one. The post Four Key Areas for Digital Transformation in Procurement appeared first on ProcurePort Blog.

Procurement 130

Procurement Strategy 130

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency Inventory Strategy 79

IBM Supply Chain Blog

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

Strategic sourcing 87

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 87

IBM Supply Chain Blog

APRIL 25, 2024

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. BPR involves business process redesign that challenges norms and methods within an organization.

Supply Chain Efficiency 54

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting supply chain software solutions 54

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. To stay at the forefront of today’s rapidly evolving business environment, procurement tracking plays a crucial role in monitoring the procurement process.

Supply Chain Efficiency 178

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

IBM Supply Chain Blog

FEBRUARY 16, 2024

Quality control and early defect detection are paramount to uphold standards, enhance operational efficiency, reduce costs and deliver vehicles that meet or exceed customer expectations while safeguarding the reputation of the manufacturer. The implementation costs were also lower than those of viable alternatives.

Quality 103

Quality Innovation Data Collaboration 103

IBM Supply Chain Blog

FEBRUARY 1, 2024

The European Union Agency for Cybersecurity (ENISA) provides a series of recommendations for reducing the cybersecurity skills shortage and gaps through higher education. trillion by 2024 By the end of 2024, the cost of cyberattacks on the global economy is predicted to top USD 10.5 This is a threat to business and societies.

Real-time Visibility 94

Real-time Visibility Strategic planning Risk Data 94

IBM Supply Chain Blog

FEBRUARY 15, 2024

Kubota consulted with IBM® to create a system that uses AI and IoT in the field of operations and maintenance to successfully address Kubota’s business challenges. Since its deployment, the field has already seen the amount of time spent on administrative work reduced considerably. The result?

Sustainability 64

Sustainability Budget Data Quality 64

IBM Supply Chain Blog

OCTOBER 3, 2023

But this growth in digital sales can come with a hefty price tag for retailers and consumer goods businesses: a much greater risk of data breaches. But there’s good news: by modernizing their cybersecurity strategy with automation and AI technologies , businesses can help reduce costs and minimize time to identify and contain breaches.

Data 89

Data supply chain budgeting Influencing Strategy 89

IBM Supply Chain Blog

MARCH 25, 2024

The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 Supply chain or other business interruptions due to extreme weather might also hit balance sheets in listed companies. These climate events have a huge potential impact on financial institutions.

Risk 96

Risk Data Strategy Risk management 96

SCMDOJO

DECEMBER 14, 2023

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 75

IBM Supply Chain Blog

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Sourcing 106

Sourcing Strategy Supply Chain Efficiency e2e 106

IBM Supply Chain Blog

NOVEMBER 14, 2023

Intelligent automation and deep expertise with IBM IBM has embraced the convergence of AI and business automation, focusing on providing an AI-first framework of intelligent automation in our offerings. The Forrester report recognizes IBM Cloud Pak for Business Automation when it comes to AI asset maturity.

Strategy 119

Strategy Innovation 119

IBM Supply Chain Blog

FEBRUARY 29, 2024

Reducing dependence on fossil fuels and diversifying the energy mix can help countries lower their carbon footprints and contribute to international efforts to limit global warming, thus protecting ecosystems and biodiversity. Local programs are using renewable sources of energy to offset electricity costs and provide greater reliability.

Supply Chain Optimization 105

Supply Chain Optimization Sustainability Supply Chain Efficiency Sourcing 105

IBM Supply Chain Blog

NOVEMBER 7, 2023

Reduce Costs Eliminate the need to hire, train, and retain MAS application and management expertise. Why incur the cost and risk developing in-house MAS expertise when you can access expertise that supports numerous MAS clients? Contact us today to embark on a secure and future-proof path for your business.

Risk 102

Risk Management Networking Purchasing 102

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

IBM Supply Chain Blog

APRIL 15, 2024

Facing a constant onslaught of cost pressures, supply chain volatility and disruptive technologies like 3D printing and IoT. Manufacturers are being called to reduce their carbon footprint, adopt circular economy practices and become more eco-friendly in general. Asset Management Gen AI has the power to transform asset management.

Real-time Visibility 104

Real-time Visibility Supply Chain Efficiency Agile and Lean Supply Chain Data 104

IBM Supply Chain Blog

JUNE 19, 2023

But this economic growth, coupled with stringent labor laws, drove up labor costs. By sourcing materials and labor from countries with lower labor and manufacturing costs, businesses were able to capitalize on the economic boom, produce more goods and services, and minimize their costs.

Risk 85

Risk Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 85

IBM Supply Chain Blog

DECEMBER 14, 2023

There has been a lot of recent discussion around the business value of environmental, social and governance (ESG) reporting, and the degree to which it relates to financial performance and other measures of business value. There’s the double benefit of cost-efficiency and sustainability.

Sustainability 74

Sustainability Management 74

IBM Supply Chain Blog

SEPTEMBER 13, 2023

According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 In fact, according to the Cost of a Data Breach study, organizations that deployed an ASM solution were able to identify and contain data breaches in 75% of the time of those without ASM.

Data 104

Data Risk Real-time Visibility Management 104

IBM Supply Chain Blog

NOVEMBER 8, 2023

The supply chain plays a pivotal role in delivering goods and services to both businesses and consumers, serving as the connective thread between industries, nations, communities and all components of the value chain. As the world takes note of more sustainable business operations and practices, how are you planning to prepare?

Supply Chain Efficiency 116

Supply Chain Efficiency Real-time Visibility supply chain budgeting e2e 116

IBM Supply Chain Blog

FEBRUARY 7, 2024

Efforts to track and reduce emissions, environmental impact and contributions to climate change are no longer rare or optional; instead, they’ve become the norm. Businesses, governments and individuals now see sustainability as a global imperative. In 2024, sustainability is taking center stage.

Sustainability 99

Sustainability supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 99

HICX

MAY 1, 2024

Furthermore, out of the companies that have tried adopting technology, 43% of companies reported that their supplier onboarding portals fell short of expectations, indicating mixed results in achieving business objectives. This inefficiency has tangible costs. What are the key metrics to track during supplier onboarding?

Suppliers 52

Suppliers Supply Chain Efficiency Risk management Supply Chain Optimization 52

IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 88

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 88

IBM Supply Chain Blog

JANUARY 30, 2024

Manufacturing: Enable efficient and intelligent manufacturing processes to better scale production, reduce downtime and optimize strategies and operations. Solutions allow for flexible and more efficient use of physical resources, leading to reduced costs and improved operations.

Data 80

Data Strategic planning Supply Chain Optimization Supply Chain Efficiency 80

Procurement Freelancers

JULY 5, 2023

Amidst the cutthroat business environment, organizations are continuously exploring strategies to boost efficiency while reducing… The post The Role Of A Sourcing And Procurement Consultant In Driving Cost Savings first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 52

Sourcing Supply Chain Efficiency Procurement Supply chain 52

IBM Supply Chain Blog

FEBRUARY 5, 2024

In a recent IBM Institute for Business Value study of chief supply chain officers, nearly half of the respondents stated that they have adopted new technologies in response to challenges. Support reliability engineering Reliability is a critical key performance indicator in any asset-driven business.

Supply Chain Optimization 100

Supply Chain Optimization Management Supply Chain Efficiency Quality 100

IBM Supply Chain Blog

NOVEMBER 30, 2023

There’s a lot of talk about how organizations can and should reduce their negative impact on the environment. This situation increases the need for businesses to adapt their sustainability strategies to address climate change issues. For instance, proactively identify high-risk assets and develop a contingency plan.

Strategy 96

Strategy Raw materials Sustainability Supply Chain Efficiency 96

IBM Supply Chain Blog

NOVEMBER 10, 2023

Public cloud computing is a must if your organization wants to scale quickly and meet the day-to-day, ever-changing demands of the business. One of the challenges for IT, though, is controlling cloud consumption costs while moving workloads. But there’s another option: cloud management platforms and FinOps to better manage costs.

Demand 75

Demand Cost optimization Purchasing Budget 75

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

NOVEMBER 6, 2023

In a tightening economy, small and medium businesses (SMBs) are challenged to grow while protecting thinning margins. Compared to large businesses, SMBs have fewer resources to help them weather an economic downturn or diversify into new value streams. Data-driven personalization is essential in today’s business environment.

Price 112

Price Data Purchasing Sourcing 112