Supply Chain Game Changer

MARCH 14, 2022

Supply Planning & Sourcing Analytics. Planning and sourcing processes are often done in silos , leading to inefficiencies in supply chains. To help companies solve these problems, supply planning and sourcing analytics tools can be utilized. Strategic Sourcing & Vendor Managed Inventory.

Supply chain management 115

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 115

IBM Supply Chain Blog

APRIL 1, 2024

Businesses that use IBM watsonx Assistant can expect to see a 30% reduction in customer support costs and a 20% increase in customer satisfaction. GenAI technologies can survey publicly available sources, such as press releases, to collect competitor data and compare the current product mix to competitor offerings.

Innovation 81

Innovation Business strategy Data Strategy 81

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. It involves close collaboration with suppliers, but also with multi-disciplinary teams who represent business stakeholders such as product design, quality, and supply chain.

Leadership 149

Leadership Suppliers Strategic sourcing Strategic sourcing 149

IBM Supply Chain Blog

FEBRUARY 19, 2024

Here’s how companies are using different strategies to address supply chain management and meet their business goals. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

supply chain software solutions 85

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 85

IBM Supply Chain Blog

DECEMBER 15, 2023

A play on the business term “the bottom line,” otherwise referred to as profit, the triple bottom line adds two more players to the mix of modern-day business strategy. But what are some green business practices that organizations can implement today to achieve their sustainability goals?

Sustainability 69

Sustainability Supply Chain Efficiency Raw materials Supply chain 69

IBM Supply Chain Blog

FEBRUARY 12, 2024

At the forefront of this event-driven revolution is Apache Kafka, the widely recognized and dominant open-source technology for event streaming. It offers businesses the capability to capture and process real-time information from diverse sources, such as databases, software applications and cloud services.

Data 82

Data Innovation Sourcing Management 82

Procurement Tactics

NOVEMBER 20, 2022

However, what is a sustainable business? For this article, we will discuss what sustainable business is. We will tackle its importance and tell you how you can create your sustainable business strategy. Creating a Sustainable Business Strategy. Ultimate Supplier Plotting Checklist 2022.

Sustainability 147

Sustainability Ethics Agile and Lean Supply Chain Strategy 147

IBM Supply Chain Blog

APRIL 8, 2024

Orchestrating the new human + AI workforce Today, businesses are no longer only focused on finding the human talent they need to execute their business strategy. HR leaders know the right steps to take around sourcing and evaluating content for training, collaborating with the functional subject matter experts for that area.

Strategy 63

Strategy Project management Leadership Business strategy 63

Pipefy

OCTOBER 25, 2023

From reducing waste and containing costs to mitigating risks such as procurement fraud and inflated expenses, procurement’s insights and expertise can help businesses navigate some of their most pressing challenges. As a source of information, companies can quickly and efficiently respond to changes in the supply chain, economy, or demand.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

ivalua

JULY 27, 2015

attempt to make a point about the relative value of strategic sourcing, I failed to realize that thought leadership is apparently the exclusive domain of pundits. It involves close collaboration with suppliers, but also with multi-disciplinary teams who represent business stakeholders such as product design, quality, and supply chain.

Leadership 100

Leadership Suppliers Strategic sourcing Strategic sourcing 100

IBM Supply Chain Blog

MARCH 20, 2023

To successfully align your data and analytics strategy with your business strategy, you need the right data architecture in place. A recent IBV Chief Data Officer study revealed that 63% the top the CDOs surveyed are aligned with the business strategy in compared to 48% of other surveyed CDOs.

Data 52

Data Strategy e2e Business strategy 52

Procurement Tactics

SEPTEMBER 22, 2022

IKEA is one of the businesses that is recognized worldwide for its efforts in achieving sustainability throughout its supply chain. IKEA sources almost half of its wood from sustainable forests which is also the same for its cotton suppliers. Unilever has a sustainable living plan which sets a sustainable business strategy.

Sustainability 130

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

IBM Supply Chain Blog

MARCH 20, 2023

I think about my network of partners in three parts: Horizontal : This is the peer-to-peer element, where the CDO connects with internal and external stakeholders such as business heads, the functional heads and key suppliers. IBM’s business strategy is to sell cloud and AI to enterprises. ” 20 March 2023.

Business strategy 52

Business strategy Data Innovation Strategy 52

ivalua

AUGUST 26, 2015

Block a supplier from participating in a sourcing event. In today’s business environment, even long-term suppliers can run into difficulties. Manufacturers must be diligent in terms of monitoring their financial health, business strategy, compliance levels, and performance. Here are three examples.

Suppliers 173

Suppliers Real-time Visibility Sourcing Quality 173

IBM Supply Chain Blog

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is not merely a series of steps for acquiring goods and services.

Procurement strategies 69

Procurement strategies Strategy Procurement Supply Chain Efficiency 69

Pipefy

DECEMBER 20, 2023

This also leads to more advantageous strategic sourcing. Strategic procurement prioritizes planning and strategizing for long-term benefits across the entire procurement process and alignment with business goals, while operational procurement focuses on purchasing and sourcing services strictly for maintaining day-to-day operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

IBM Supply Chain Blog

JANUARY 8, 2024

Stage 4 – Transformative business strategy A broader range of users are able to access and process event streams to understand their relevance in a business context. It includes a low-code user interface designed to enable a broad range of users to work with events and a powerful open-source event processing engine.

Real-time Visibility 77

Real-time Visibility Export Supply Chain Efficiency Data 77

SCMDOJO

JULY 28, 2022

This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. There is no variety, and you may miss out on business opportunities. This can lead to dual sourcing and more competition among suppliers, ultimately reducing procurement costs and ensuring higher product quality.

Suppliers 110

Suppliers Bidding Purchasing Quality 110

Procurement Tactics

MAY 8, 2023

The collaboration in CPFR usually includes business planning, forecasting , and replenishment of raw materials and finished products. CPFR is a business strategy that involves the collaboration of multiple partners to satisfy customer demand. It enhances trust between partners and enables customers to be heard.

Supply Chain Efficiency 200

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 200

Spend Matters

OCTOBER 26, 2023

akirolabs derives procurement strategies from the overarching business strategy. So, akirolabs leverages data so that procurement can better incorporate these larger strategic objectives into its tactical landscape of sourcing from the best suppliers — however they deem the best to be. We wanted green steel.

e2e 90

e2e Strategy Procurement team Procurement strategies 90

Supply Chain Game Changer

AUGUST 13, 2020

The Parallel Supply Chain … A Twilight Zone Strategy? Globalization has dominated as a widely practiced business strategy during the past 15–20 years. Managing a global supply chain in the current global business environment is a Tom Cruise-esk, Missions Impossible, kind of task. This raises the question….

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 121

Pipefy

JANUARY 30, 2024

That’s where procurement, sourcing, and purchasing technology comes in. 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. It’s also a great source for making better, more data-driven business decisions.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

ivalua

MARCH 31, 2020

Key findings include: 97% of advanced procurement departments say procurement strategy is well aligned with overall business strategy versus only 14% of beginners. . 51% of advanced procurement departments measure performance weekly or biweekly, versus only 26% of beginners. .

Procurement 130

Procurement Procurement team supply chain software solutions Supply chain 130

Procurement Talk with David Byrne

JUNE 15, 2022

Put it right in your business strategy.” Listen in Apple Podcasts Listen in Spotify Listen in Google Podcasts Episode show notes “How do you make sure that sustainability is not a compliance play, it’s not a nice-to-do and a tick box? From Simon King’s eventful early career, to his hugely … Continued.

Sustainability 52

Sustainability Business strategy Strategy Chief Procurement Officer 52

Empowering CPO

JULY 16, 2023

Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

AUGUST 2, 2023

So we are seeing businesses take a much more holistic view of how they can deploy automation to balance that equation and deliver better outcomes from sourcing through to payment. Let’s suppose all of this isn’t motivation enough for businesses to put ESG at the center of their business strategy.

supply chain budgeting 81

supply chain budgeting Procurement Supply chain Suppliers 81

IBM Supply Chain Blog

JANUARY 15, 2024

Edge computing makes IoT more efficient and powerful by bringing enterprise applications closer to data sources such as IoT devices or local edge servers. IBM Consulting’s professional services for business help organizations navigate an increasingly dynamic, complex and competitive world.

Raw materials 74

Raw materials Supply Chain Efficiency Data Strategy 74

IBM Supply Chain Blog

JUNE 29, 2023

Data integration and analytics IBP relies on the integration of data from different sources and systems. This may involve consolidating data from enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, supply chain management systems, and other relevant sources.

supply chain software solutions 78

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 78

Pipefy

AUGUST 1, 2023

It can also reveal the sources of these issues, which gives leadership the means to create a plan of action to not only solve them, but also withstand market volatility, develop the business, and take it into the future. Put another way, if operations strategies determine the how of commerce, business strategies provide the why.

Strategy 52

Strategy supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.

Procurement 100

Procurement Innovation Strategic sourcing Strategic sourcing 100

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. The function is split between business-facing, supply-facing, and enabling teams. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I found the unique role that procurement plays in being at the heart of a business’ strategy as well as at the very source of its operational performance really interesting. The function is split between business-facing, supply-facing, and enabling teams. What inspires you as a procurement leader?

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Pipefy

NOVEMBER 24, 2023

Procurement solutions encompass a wide range of specific functions due to the many aspects of the procurement process, including purchase requests centralization, procure-to-pay, sourcing, budget management, supplier management, and forecasting. Sourcing tools can help organizations choose vendors that deliver greater long-term value.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

ivalua

AUGUST 26, 2015

Block a supplier from participating in a sourcing event. In today’s business environment, even long-term suppliers can run into difficulties. Manufacturers must be diligent in terms of monitoring their financial health, business strategy, compliance levels, and performance. Here are three examples.

Suppliers 100

Suppliers Real-time Visibility Sourcing Quality 100

Procurement Heads

FEBRUARY 6, 2023

He defines and drives business strategy, leading teams across different geographies and cultures and he has delivered procurement transformation (process, people, technology, organisation) and procurement cost reduction across direct and indirect categories, for a wide range of clients over the last 25 years. That involves everything.

Procurement 130

Procurement Price Negotiation Management 130

Procurement Tactics

JANUARY 9, 2023

Integrating sustainability in your business means that there are needed changes in your business strategies. Thus, innovations can help you to adjust the businesses towards greater sustainability which includes: Empowering stakeholders to focus on sustainability and drive execution. Innovation .

Sustainability 210

Sustainability Collaboration Strategy Suppliers 210

Future Purchasing

DECEMBER 9, 2021

A common challenge area for category teams is understanding the breadth of content that a category management strategy should contain. All too often, it becomes self-limited to include only areas that procurement has under its immediate control, such as sourcing.

Category management 52

Category management Strategy Management Price 52