SCMDOJO

DECEMBER 18, 2023

In the world of manufacturing and maintenance, effective spare parts management is essential for maximizing equipment uptime and reducing costs. This ensures that production processes remain uninterrupted, maximizing overall operational efficiency. Yet, handling spare parts can be tricky and needs careful planning and execution.

Supply Chain Efficiency 63

Supply Chain Efficiency Inventory control Management supply chain budgeting 63

Let's Talk Supply Chain

OCTOBER 23, 2022

Today I’m joined by Shipium , a powerhouse logistics tech company who are on a mission to modernize the ecommerce supply chain, and help you turn logistics into a strategic differentiator for growth. Shipium coordinates previously disconnected supply chain steps to help retailers offer fast, free, and on-time shipping.

Supply Chain Efficiency 40

Supply Chain Efficiency supply chain budgeting Supply chain Supply 40

IBM Supply Chain Blog

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. However, a lack of precise top-level planning and a narrow focus on technology without integration with business needs led to significant investments with suboptimal results for many companies.

Innovation 75

Innovation e2e Data Quality 75

Skill Dynamics

FEBRUARY 6, 2024

Supplier relationship management is a business strategy utilized by organizations to strategically build relationships with their suppliers that are mutually beneficial. Often it involves attempting to streamline the procurement process and minimise waste within the supply chain.

Supplier relationship management 59

Supplier relationship management Suppliers Supply Chain Efficiency Management 59

Let's Talk Supply Chain

FEBRUARY 16, 2024

2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates.

Logistics 98

Logistics supply chain budgeting Supply Chain Efficiency Supply chain 98

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

Agile and Lean Supply Chain 109

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 109

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Jaggaer

APRIL 14, 2020

Define your procurement response strategy. Catch the on-demand webinar on building business continuity plans and business strategies for the short, mid and long-term. This is perhaps an extreme example, but it highlights how COVID-19 is causing severe disruptions to supply chains. The longer-term impacts.

supply chain budgeting 52

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

Procurement Tactics

SEPTEMBER 22, 2022

Of course, there are companies that have already adopted sustainability in their supply chain. . In this article, we will briefly discuss sustainability in procurement and its significance to businesses. Additionally, we will show you some companies that have embraced sustainability in their supply chain. .

Sustainability 130

Sustainability Procurement supply chain budgeting Supply Chain Efficiency 130

Empowering CPO

JULY 16, 2023

Through our technologically advanced and innovative approach, we have been successful in helping businesses reduce costs, optimize supplier relationships, manage procurement risks, and ultimately drive profitable growth. With EmpoweringCPO, your procurement processes are not just managed; they’re transformed and empowered.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

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. Among those executives in finance, the percentage rose to 67%.

Innovation 52

Innovation Strategy e2e Supply Chain Efficiency 52

NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. We should also monitor the actual expenses against the projected spend to ensure that we are staying within our budget.”

Spend management 98

Spend management Management Procurement supply chain budgeting 98

Supply Chain Game Changer

JULY 20, 2021

Subscribe to Supply Chain Game Changer. Do you have a business and want to make it a success? When you want to make your business a success, then you need to think out of the box with respect to your expense management. You will need to make significant changes in your business strategy. Subscribe Here!

supply chain budgeting 98

supply chain budgeting Supply Chain Efficiency Supply chain Budget 98

IBM Supply Chain Blog

JANUARY 25, 2024

.” Read the “Presidio AI Framework” paper to learn how to address generative AI risks with guardrails across the expanded AI life cycle As generative AI continues to go mainstream, organizations are excited about the potential to transform processes, reduce costs and increase business value.

Ethics 106

Ethics Strategy Risk Business strategy 106

SCMDOJO

NOVEMBER 9, 2023

If you hold excess inventory or products that are difficult to sell, your storage costs will increase. Avoiding this scenario can result in significant cost savings. In addition to enhancing cost efficiency, inventory control techniques can improve cash flow.

Inventory control 81

Inventory control Inventory supply chain budgeting Supply Chain Optimization 81

Supply Chain Game Changer

JULY 14, 2021

Subscribe to Supply Chain Game Changer. Procurement and Sustainability are your business’ Yin and Yang. At the crossroads of sustainability, technology, and the broader supplier base lies smart, sustainable, and scaling supply chain growth; growth that comes with a balance of people, planet, and profitability in mind.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

IBM Supply Chain Blog

JANUARY 16, 2024

Successful companies fuse product development practices with overarching business strategies to ensure sustainable innovations that will resonate efficiently and sustainably with customers—both in existing markets and among new target audiences. Will a product or feature drive specific and measurable business value?

Product development 84

Product development Strategy supply chain budgeting supply chain software solutions 84

IBM Supply Chain Blog

JUNE 29, 2023

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.

supply chain software solutions 83

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

Supply Chain Game Changer

JULY 2, 2021

Subscribe to Supply Chain Game Changer. Businesses have come a long way from just selling products and services to refining various processes and audience targeting. Today, running a business is undoubtedly rewarding but challenging at the same time. Your decisions will have a significant impact on the overall business.

Management 73

Management supply chain budgeting supply chain software solutions Supply Chain Efficiency 73

SCMDOJO

MARCH 25, 2022

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

IBM Supply Chain Blog

DECEMBER 20, 2023

A robust AI strategy will enable these organizations to navigate the complexities of integrating AI, adapt quickly to technological advancements and optimize their processes, operational efficiency and overall growth. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 80

Strategy Ethics Supply Chain Efficiency Supply Chain Optimization 80

Empowering CPO

JUNE 22, 2023

With a suite of spend analysis services that blend advanced technology, industry expertise, and deep commitment to client success, EmpoweringCPO assists businesses in navigating their spending patterns. We believe in empowering companies to contribute to a more diverse and equitable business landscape, one procurement decision at a time.

Suppliers 52

Suppliers Supply Chain Efficiency supply chain budgeting Data 52

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

Innovation 52

Innovation Strategy Procurement Management 52

HICX

DECEMBER 11, 2023

The effective management of supply chains is critical to business operations and by adopting newer digital solutions, organizations can benefit from improved efficiency, reduced costs and operational improvements across the supply chain as a whole.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Agile and Lean Supply Chain 52

Planergy

AUGUST 16, 2022

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. This can be done by being transparent and honest with suppliers, as well as by sharing information and ideas freely.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

IBM Supply Chain Blog

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. Code (62%) : Gen AI helps developers write code more efficiently and with fewer errors.

Data 96

Data Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 96

IBM Supply Chain Blog

APRIL 25, 2024

This reality means that every brand in every industry with every business model needs to optimize the commerce experience, and thus the customer experience , to drive conversion rates and revenues. Making trust a priority requires building relationships through transparent commerce experiences.

Strategy 93

Strategy Ethics Purchasing Data 93

IBM Supply Chain Blog

NOVEMBER 30, 2023

Armed with domain expertise and provisions of scalability (hence cost effectiveness), they offer a better return on investment to the businesses that may not have expansive budgets for security. “We experienced a transformative impact on our business after implementing QRadar SIEM’s multi-tenancy solution.

Strategy 74

Strategy Data Risk Sourcing 74

Empowering CPO

JUNE 20, 2023

Introduction In the dynamic world of procurement and supply chain management, understanding your organization’s spending habits isn’t just an administrative duty—it’s a strategic necessity. From a broader business strategy perspective, spend analysis reporting plays an equally crucial role.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Supply Chain Efficiency Data 40

SCMDOJO

NOVEMBER 24, 2023

Additionally, when you need to oversee a considerable number of Stock Keeping Units (SKUs), it is like a nightmare without an efficient tool. This article will walk you through the basic understanding of the warehouse management system (WMS), its features, how and where it fits with the supply chain, and different WMS systems.

Supply Chain Efficiency 66

Supply Chain Efficiency supply chain software solutions Real-time Visibility Supply Chain Optimization 66

IBM Supply Chain Blog

JUNE 29, 2023

Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. This is why asset reliability is such a critical component of business strategy. Before we dive into it, let’s take a look at some relevant terms.

Real-time Visibility 87

Real-time Visibility Management Strategy Data 87

IBM Supply Chain Blog

DECEMBER 13, 2023

Organizations are increasingly looking to augment those customer service reps with technology to increase efficiency and reduce costs. Used at the beginning of calls, IVR can better route requests, reduce response times and potentially solve issues before requiring a support agent.

Purchasing 82

Purchasing Import Data Strategy 82

Jaggaer

OCTOBER 8, 2019

As we noted in the report, the digital transformation of procurement involves many processes working in tandem rather than sequentially; data integration would also allow analytics applications to exploit data from one area of the value chain to improve performance and efficiency in another. 4) The “Day of Digitalization”.

Procurement 40

Procurement e2e Agile and Lean Supply Chain supply chain software solutions 40

Pipefy

MARCH 6, 2023

Supply chain interruptions, worker shortages, and rising inflation costs that emerged with the pandemic have forever changed the economic landscape. Far more businesses have quickly adapted to online models and remote work than anyone expected. Here’s where a robust operational efficiency program is more effective.

Supply Chain Efficiency 52

Supply Chain Efficiency Strategy supply chain budgeting Supply Chain Optimization 52

Pipefy

AUGUST 1, 2023

Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. In the past, that meant cutting facilities budgets or reigning in travel allowances. Operations are, after all, where the money is spent.

Strategy 52

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

Pipefy

JANUARY 30, 2024

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence.

Agile and Lean Supply Chain 52

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

Planergy

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

Supply Chain Efficiency 52

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