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. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Strategic sourcing 81

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 81

Una

FEBRUARY 13, 2023

What to Do When Supply Chains Break Your Heart Six helpful tips for what to do – and what NOT to do – when supply chains and supplier partners end up breaking your heart. A supplier’s machinery may break down, human errors are frequently made, or the suppliers’ suppliers may let them down in turn.

Supply chain 98

Supply chain Supply Contract Suppliers 98

The Good Spending

OCTOBER 11, 2021

Supply chains evolving into demand networks Supply chain management overlooks the end-to-end production flow of goods or services — from the raw materials to the final product delivery to the end consumer. With the rise of information technologies, the role of consumers has become dominant in supply chains.

Demand 52

Demand Supply Chain Efficiency Management Raw materials 52

Procurement Tactics

NOVEMBER 24, 2022

It involves the voluntary actions and commitments of companies to take into consideration social and environmental factors when managing relationships with their suppliers. This includes knowing their suppliers, how they operate, and what standards they abide by. . Ultimate Supplier Plotting Checklist 2022.

Sourcing 193

Sourcing Ethics Sustainability Supply chain 193

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Ensuring Business Continuity: Supply chain disruptions can have far-reaching consequences, affecting logistics, suppliers, and workforces.

Agile and Lean Supply Chain 72

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 72

Procurement Tactics

MAY 8, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter CPFR in Supply Chain — Everything You Should Know CPFR in supply chain allows both businesses and suppliers to fulfill customer demand. However, what is it? Why is CPFR Important?

Supply Chain Efficiency 200

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

Una

MARCH 23, 2023

Some of the reasons procurement takes a long time include: Complexity: The procurement process can be complex, involving many different steps and stakeholders, from identifying suppliers to negotiating contracts. This can help procurement quickly identify and qualify potential suppliers, reducing the time required to source new suppliers.

Sourcing 98

Sourcing Procurement Procurement team Contract 98

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Ensuring Business Continuity: Supply chain disruptions can have far-reaching consequences, affecting logistics, suppliers, and workforces.

Agile and Lean Supply Chain 58

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 58

ivalua

DECEMBER 14, 2020

In this way, they can be ready to face a crisis like Covid-19 or various other potential challenges — extreme weather caused by climate change, consumer demand for sustainable and ethically produced goods, trade wars or political tensions, to name a few. . Balancing New Priorities Makes Procurement More Valuable.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain software solutions supply chain budgeting Procurement 130

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. over the previous 12 months. These include: 1.

supply chain budgeting 62

supply chain budgeting Raw materials Supply chain Supply 62

ivalua

MAY 7, 2020

Downstream customers, such as the big 3 automakers in the US, who relied on Japanese suppliers had to find alternate channels to meet their production requirements. We also had access to mature technologies to manage the risk and apply the scientific methods. . Although the supply chain was tested, it remained remarkably resilient.

Supply Chain Optimization 130

Supply Chain Optimization Supplier relationship management Supply chain Risk 130

Una

AUGUST 9, 2022

The hardest-hit industries were those in which consumer demand plummeted: restaurants, gyms, transportation, construction, theme parks, conventions, oil and gas, automakers, discretionary travel, live sports, hotels, and (of course), airlines. Industries seeking a new cost reduction strategy.

Purchasing 96

Purchasing Strategy supply chain budgeting Procurement team 96

SCMDOJO

FEBRUARY 13, 2023

This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

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. By employing the right Inventory Control Techniques, you can ensure that your business maintains a sufficient stock level to meet consumer demand.

Inventory control 81

Inventory control Inventory supply chain budgeting Supply Chain Optimization 81

Arkestro

OCTOBER 10, 2023

Forever changed by global lockdowns, volatile consumer demands, and increasing pressure to go green, oil and gas companies have shifted dramatically since 2020. Budgets are shrinking, project milestones are off track, and key suppliers are struggling to meet industry demands.

Agile and Lean Supply Chain 52

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

Empowering CPO

MAY 11, 2023

By choosing suppliers who adopt eco-friendly practices, organizations can minimize waste, lower greenhouse gas emissions, and conserve natural resources. Consumer Demand: More and more, consumers are choosing brands that align with their values. The company collaborates closely with its suppliers to achieve this goal.

Sustainability 52

Sustainability Procurement Supply Chain Efficiency Raw materials 52

Strategic Sourceror

FEBRUARY 10, 2023

From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up with the pace of consumer demand.

Supply Chain Efficiency 90

Supply Chain Efficiency Consumer demands Strategic sourcing Strategic sourcing 90

Finale Inventory

SEPTEMBER 13, 2022

Small fluctuations in demand for retail products can cause progressively larger changes in other supplier levels, such as manufacturers and distributors. A small wrist motion can send the end of a whip flying in a wide arc — similarly, variations in demand can have progressively larger impacts on other areas of the supply chain.

supply chain software solutions 52

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

SupplyShift

NOVEMBER 12, 2021

Without successful procurement processes, there would not be on-demand access to the goods and services we have come to rely on at both a commercial and consumer level. In recent years, as consumer demand has increased, so have the consequences. Provide standardized, user-friendly supplier scorecards.

Sustainability 52

Sustainability Procurement Procurement team Consumer demands 52

Skill Dynamics

JULY 8, 2022

An efficient supply chain management system is a necessity to the majority of organizations. It can result in competitive advantage as it helps to provide precise information to suppliers allowing them to maintain a continuous flow of products to customers. So what causes the bullwhip effect? Order batching. Lack of communication.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Quantity Supply 52

Positive Purchasing

DECEMBER 6, 2022

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. In fact, in order to survive and thrive in the current environment, firms must look to their suppliers to deliver so much more. These lower tiers of the supply base often contain the biggest risk.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

SupplyShift

JUNE 2, 2023

The PPWD, originally introduced in 1994, seeks to harmonize measures on packaging waste management, prevent waste production, encourage reuse and recycling of packaging, and bolster other forms of waste recovery. Get a clear picture of your supply chain, particularly your suppliers’ use of packaging. Evaluate Current Practices.

Sustainability 52

Sustainability Suppliers Supply chain Consumer demands 52

Una

NOVEMBER 14, 2022

Now, CPOs and their procurement teams look to invest in more secure supply chains, addressing increased volatility in consumer demand and responding to the changing ways people work (i.e., By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability. Is that all?

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

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. From raising wages to offering sign-on bonuses, small candy makers are resorting to various strategies to persuade workers into staying.

Supply chain 104

Supply chain Supply Buyers Consumer demands 104

SupplyShift

DECEMBER 18, 2019

And regardless of how they’re buying, consumers want clear labeling for sustainable products, transparency into product origins, and less packaging. . Consumer demand for sustainability has done more than force retailers to look into responsible practices—some companies have made it a pillar for their business.

Sustainability 52

Sustainability Supply Chain Efficiency Consumer demands Demand 52

Positive Purchasing

DECEMBER 6, 2023

Consumers are discerning and are increasingly demanding evidence, so woe betide the brand that talks the talk but fails to walk the walk! Katharina: Sustainability has become a top priority for management, especially our top management. This is especially true at the start when you begin to engage with suppliers.

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

Supply Chain Game Changer

OCTOBER 6, 2022

This will help you to determine the risks and what seems to cause the most waste, while also providing an accurate picture of all the challenges global suppliers are facing. For example, you may choose to change out your pallet vendor and go for a local supplier. You will need to get the understanding of your suppliers and staff first.

Sustainability 78

Sustainability Supply chain Raw materials Supply 78

The Network Effect

JULY 17, 2015

CWCS Managed Hosting/Flickr. Note this the second installment in a series of posts on how master data management affect a company’s financial health. In my first post, I explored whether Wall Street should care about your master data management strategy. . This is where MDM comes in.

Data 54

Data Management Networking Consumer demands 54

The Network Effect

AUGUST 28, 2015

The system will recommend orders, but our analysts review all of the recommendations beforehand and have the ability to cancel or modify them before they go out to the suppliers. Now it’s time to turn this retailer from a reactionary firefighter into a consumer driven enterprise. What’s the actual requirement?

Change management 68

Change management supply chain budgeting Supply chain Management 68

SupplyShift

NOVEMBER 12, 2021

Without successful procurement processes, there would not be on-demand access to the goods and services we have come to rely on at both a commercial and consumer level. In recent years, as consumer demand has increased, so have the consequences. Provide standardized, user-friendly supplier scorecards.

Sustainability 40

Sustainability Procurement Procurement team Consumer demands 40

IBM Supply Chain Blog

JUNE 30, 2023

Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

e2e 61

e2e Supply Chain Visibility Real-time Visibility supply chain budgeting 61

Supply Chain Game Changer

SEPTEMBER 13, 2022

Suddenly surging demand hit businesses that had scaled back production and lost workers because of COVID-19. To date, consumer demand remains strong. For the purpose of this article, those key assumptions are: The Federal Reserve Bank continues to carefully and effectively manage interest rate increases, and the U.S.

Price 85

Price Supply chain Supply Raw materials 85

SupplyShift

DECEMBER 18, 2019

And regardless of how they’re buying, consumers want clear labeling for sustainable products, transparency into product origins, and less packaging. Consumer demand for sustainability has done more than force retailers to look into responsible practices—some companies have made it a pillar for their business.

Sustainability 40

Sustainability Supply Chain Efficiency Consumer demands Demand 40

Supply Chain Game Changer

NOVEMBER 29, 2022

The emergence of new POS systems is necessary, given the diversity of payment options and consumer demand. Order Fulfillment in the Backend and Supplier Relationship Management. Managing Inventories across Several Locations. Management of Returns, Reimbursements, and Swaps. Improved Personnel Management.

supply chain software solutions 63

supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Inventory 63

The Network Effect

MAY 29, 2015

Here’s more info below: Companies are struggling with demand variability and how to meet consumer demand with the right supply at the right location at the right time. Why is a shared collaborative framework for both retailers and suppliers important?

Demand 46

Demand Consumer demands Real-time Visibility supply chain software solutions 46

Arkestro

JULY 18, 2023

Between volatile geopolitical environments, increasing regulations, and shifting consumer demand, economic uncertainty is hitting various areas of the supply chain and manufacturing industries hard. Predictive Execution : Create competitive context, quickly manage exceptions, and automate the ordinary to ensure optimal spend.

Supply Chain Optimization 52

Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain Supply Chain Efficiency 52

Procurify

JUNE 21, 2022

From increasing consumer demand, to labor shortages and surging shipping costs , companies all around the world have to deal with multifaceted challenges. Companies have the huge task of building resilience across their supply chain , and suppliers will need to show they can deliver orders. . Written by: Ruya Yonak.

Purchase orders 52

Purchase orders Purchasing Supply Chain Optimization Suppliers 52