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.

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Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Strategic Sourceror

JULY 28, 2022

Increased levels of inflation might be a global concern, but a slowdown in consumer spending is forcing retailers to make significant price reductions on existing inventory. And while this is good news for the average consumer, there is little doubt that unplanned price reductions will adversely impact the bottom line.

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Strategic Sourceror

AUGUST 3, 2022

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. Retailers aim to reduce their inventory that is piling up due to slower sales. Brought to you by the StrategicSourceror.

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Inventory supply chain budgeting Supply Chain Optimization Consumer demands 104

Strategic Sourceror

NOVEMBER 30, 2022

Walmart and Target, for example, are both awash in inventory, having overestimated the level of consumer demand they expected to persist throughout 2022. Walmart has since whittled down its excess inventory by approximately 33% in the third quarter compared to the previous three-month period, Supply Chain Dive reported.

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Retail Supply Chain Supply Chain Efficiency Supply chain Supply 62

Strategic Sourceror

AUGUST 5, 2022

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. They're also snatching up ingredients more quickly than they in the past to shore up their inventory and avoid delays.

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Supply chain Supply Buyers Consumer demands 104

Strategic Sourceror

JANUARY 20, 2023

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months.

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supply chain budgeting Raw materials Supply chain Supply 62

Una

FEBRUARY 13, 2023

Particularly in an era of Just-in-Time (JIT) supply management where businesses keep costs down by minimizing inventory, a supply chain only works so long as every link functions smoothly. For example, you may have some inventory in stock, or it may mean you simply have to delay the implementation of a project.

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