Remove Business strategy Remove e2e Remove Risk management Remove supply chain software solutions
article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

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.

article thumbnail

What is Integrated Business Planning (IBP)?

IBM Supply Chain Blog

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software.

article thumbnail

Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Because procurement teams provide critical insights to inform business strategy , identifying opportunities to cut costs is one of the most important ways they do this. Procurement teams also share crucial data and information that business leaders need in order to make choices, set strategy, and remain competitive.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

article thumbnail

Smart Procurement: Build More Agile and Efficient Processes

Pipefy

The benefits include cost savings increase, better decision making and risk management. Smart procurement can leverage automation for processes like contract management, vendor management, request management, and procure-to-pay. Making more agile and accurate business decisions. What is smart procurement?

article thumbnail

Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we will explore these two critical concepts, their benefits, challenges, and differences, and how they apply to modern-day businesses.