IBM Supply Chain Blog

FEBRUARY 22, 2024

We strongly believe the influx of data associated with AI will fuel tremendous business innovations, but requires strategic considerations, including around where data resides, data privacy, resilience, operational controls, regulatory requirements and compliance, and certifications. And our work doesn’t stop there.

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IBM Supply Chain Blog

FEBRUARY 1, 2024

What are central bank digital currencies? Central bank digital currencies are digital currencies controlled by the central banks of countries. Ever since the COVID-19 pandemic, cash usage has been decreasing worldwide and digital payments based on cryptocurrencies or legacy digital payment systems have prevailed.

Import 101

Import Data Innovation Management 101

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. What is Procurement Tracking? It also ensures that the procurement process is aligned with financial targets and objectives.

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

IBM Supply Chain Blog

OCTOBER 26, 2023

That much investment has necessitated the FinOps movement , a cloud financial management discipline designed to bring financial accountability to the variable, consumption-based spend model of cloud. What they need now is support from FinOps platforms to help them advance their practice beyond the basics. What’s next?

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IBM Supply Chain Blog

JANUARY 26, 2024

What caused the blackout? But what exactly does vegetation management mean? But what exactly does vegetation management mean? It involves promoting desirable, stable and low-growing plant communities by using environmentally sound and cost-effective control methods. Vegetation management aims to mitigate these risks.

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Management Budget Data Risk 70

World of Procurement blog

APRIL 23, 2024

The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. This step is crucial to ensure that the organization receives exactly what was ordered. This could be anything from office supplies to new software or professional services.

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Procurement Purchase orders Needs identification Purchasing 52

World of Procurement blog

APRIL 23, 2024

The procurement to pay (P2P) process, also known as purchase to pay, is an essential component of an organization's financial and operational efficiency. This step is crucial to ensure that the organization receives exactly what was ordered. This could be anything from office supplies to new software or professional services.

Procurement 52

Procurement Purchase orders Needs identification Purchasing 52

Procurement Leaders

JANUARY 8, 2024

The results of the transformation were profound: a 50% reduction in the number of days to delivery, as well as much tighter financial controls and supplier visibility in a sector where “because it’s a matter of life and death, speed is of the essence”. Practical, pragmatic, and effective.

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IBM Supply Chain Blog

APRIL 15, 2024

It is crucial to understand employees’ behaviors Nearly 95% of human thinking and decision making is controlled by System 1, which is our habitual way of thinking. The latest findings of the IBM X-Force® Threat Intelligence Index report highlight a shift in the tactics of attackers.

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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? In the U.S.,

Data 81

Data Strategy Risk management Risk 81

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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Inventory control Inventory Supply Chain Optimization supply chain budgeting 79

IBM Supply Chain Blog

SEPTEMBER 15, 2023

These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures. Securities and Exchange Commission (SEC) is in the process of finalizing climate related disclosure requirements.

Sustainability 80

Sustainability Real-time Visibility Data Risk 80

World of Procurement blog

APRIL 23, 2024

But what exactly goes into these processes? This step involves determining what goods or services are required, the quantity needed, and the timeframe for delivery. This step involves determining what goods or services are required, the quantity needed, and the timeframe for delivery.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

World of Procurement blog

APRIL 23, 2024

But what exactly goes into these processes? This step involves determining what goods or services are required, the quantity needed, and the timeframe for delivery. This step involves determining what goods or services are required, the quantity needed, and the timeframe for delivery.

Purchase orders 52

Purchase orders Procurement Quantity Budget 52

Finale Inventory

NOVEMBER 20, 2023

Many sellers excel in providing top-notch products and services but find financial management, especially detailed accounting, daunting. 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.

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Inventory Budget Price Management 52

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.

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Sustainability Risk management Risk Management 51

Procurement Leaders

JANUARY 27, 2023

“What we found is if you build strong relationships with stakeholders and an understanding of what they need, now and in the future, you’re more likely to be able to do epic procurement deals and have a solid, robust strategy that continues to evolve over time.”

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Risk Supply Chain Efficiency Management Supply chain 162

IBM Supply Chain Blog

SEPTEMBER 13, 2023

What’s more, it took 277 days to identify and contain a data breach. Finding unmanaged systems and high-value assets Any inventory of network-connected assets is a subset of what’s really there. An effective attack surface management (ASM) solution can change this. million this year. million this year.

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Data Risk Real-time Visibility Management 104

IBM Supply Chain Blog

NOVEMBER 20, 2023

When executing an AI strategy, enterprises need to consider their current compute capacity, where data resides—in the cloud, on premises, at the edge—how data is accessed, necessary security controls, and how to use existing technology investments effectively. For many organizations, the answer is a hybrid cloud approach.

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Sustainability Data Strategy Risk 92

IBM Supply Chain Blog

MARCH 27, 2024

What is a hyperscale data center? Your organization already has an ambitious agenda in mind for whatever IT infrastructure you wind up choosing. The company is working with extremely high volumes of data and expects this situation to continue or grow. Your business isn’t expecting this data to collect dust in a vault, either.

Data 109

Data Purchasing Cost of ownership Quantity 109

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. What is generative AI, what are foundation models, and why do they matter?

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Risk Strategic planning Strategy Data 61

IBM Supply Chain Blog

JANUARY 12, 2024

Cloud-hosted AI services demand the transfer of sensitive information to external servers, which can raise questions about data ownership, jurisdiction and control. This can lead to compromised data security, potential breaches and an erosion of control over proprietary information.

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Data Innovation Import Demand 104

IBM Supply Chain Blog

MARCH 4, 2024

Figure 1: Transforming into an AI+ enterprise is at the core of what our team at IBM does An AI+ enterprise integrates AI as a first-class function across the business. AI is at a turning point, driving exponential advancements in an organization’s prosperity and growth. This requires a holistic enterprise transformation.

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Innovation Data Risk Strategy 107

IBM Supply Chain Blog

NOVEMBER 10, 2023

We’ll start by going through what organizations should do prior to choosing an ERP system and then dive into best practices for implementation success. Areas to assess can include, financial, manufacturing, inventory, sales and more. What are the ERP system’s specific data requirements and is it compatible?

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

IBM Supply Chain Blog

JUNE 29, 2023

Integrated Business Planning (IBP) addresses these challenges by providing a comprehensive framework that integrates strategic, operational and financial planning, analysis, and reporting to drive better business outcomes. Imagine a symphony orchestra where each musician plays their own tune without listening to others.

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

IBM Supply Chain Blog

AUGUST 24, 2023

Robert is enrolled in the BYOD program, so it was his personal device but with corporate data stored, including the latest financial projections he has shared with his team for a presentation. What James has done with Robert’s lost iOS smartphone is part of mobile device management (MDM). What is mobile device management (MDM)?

Cost of ownership 67

Cost of ownership Data Management Strategy 67

IBM Supply Chain Blog

DECEMBER 5, 2023

A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 The impact of these investments will become evident in the coming years.

Supply Chain Efficiency 95

Supply Chain Efficiency Supply Chain Optimization Inventory Data 95

World of Procurement blog

APRIL 23, 2024

Spend Under Management Measures the amount of spend that the procurement team actively manages, aiming for higher percentages for better control. Supplier Risk Management Identifies potential risks associated with suppliers, including financial, operational, and reputational risks, to mitigate their impact.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

World of Procurement blog

APRIL 23, 2024

Spend Under Management Measures the amount of spend that the procurement team actively manages, aiming for higher percentages for better control. Supplier Risk Management Identifies potential risks associated with suppliers, including financial, operational, and reputational risks, to mitigate their impact.

Procurement 52

Procurement Supply Chain Efficiency Procurement team Quality 52

The Thomas Blog

APRIL 3, 2024

What Is an Inbound Lead? Inbound lead generation utilizes various tactics, including content marketing such as: blog posts, white papers, and e-books, as well as search engine optimization (SEO), and social-media marketing. What Is an Outbound Lead? What Is the Difference Between Inbound and Outbound Lead Generation?

Strategy 52

Strategy Buyers Quality Purchasing 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. Whether you use IBM Cloud, Amazon AWS, Google Cloud, Microsoft Azure or some combination of platforms, it’s essential to understand, evaluate and optimize what you spend on cloud operations.

Cost optimization 71

Cost optimization Real-time Visibility Price Budget 71

Planergy

JANUARY 19, 2024

What's Planergy? How to gain visibility and control of your indirect spend. In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization. What is Vendor Analysis? Modern Spend Management and Accounts Payable software.

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Vendor management Suppliers Quality Supply Chain Efficiency 52

IBM Supply Chain Blog

DECEMBER 8, 2023

What is risk mitigation? Legal risk: This is a compliance risk that involves the organization breaking government rules, resulting in a risk of financial and reputational loss. .” This same sentiment can be true when it comes to a successful risk mitigation plan.

Risk 74

Risk Strategy Risk management Import 74

Supply Chain Game Changer

JANUARY 30, 2022

Now we read cryptocurrencies and their uses on the business section of the actual website and financial publications. Is it going to be the future financial medium? What is it? To get a thorough understanding of cryptocurrencies and their use cases, you should know what they are. Subscribe to Supply Chain Game Changer.

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Import Networking Supply chain Price 97

IBM Supply Chain Blog

SEPTEMBER 5, 2023

The DevOps team in many organizations works with the developers and operations people to assemble and manage the various automation technologies that support the continuous integration and continuous deployment (CI/CD) parts of the lifecycle—what we’ve come to call the DevOps toolchain. The key to this deep relationship?

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Sourcing Collaboration Strategy Management 128

IBM Supply Chain Blog

OCTOBER 30, 2023

Over the years, many legacy APM providers have developed complicated pricing structures that make it difficult to understand exactly what the solution will end up costing and discourages broad adoption by charging per user seat. Remember the issue last year when a company got a USD 65 million surprise bill from their observability solution?

Price 79

Price Budget Import Data 79

Supply Chain Game Changer

OCTOBER 12, 2022

It goes on in the steps of past electronic financial principles. What is the benefit of using bitcoin? Whenever we urge someone to place assets into cryptographic cash, we enlighten them regarding its sources and position. Bitcoin has continually been a five star most regarded advanced cash that apparently can’t be beaten.

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Supply chain Strategy Sourcing Supply 98