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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

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Everstream Analytics: Vendor Analysis — Supply chain risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Intake & Procurement Process Orchestration (2024 Guide)

Procurement Software

Enhanced Efficiency and Visibility: By adopting process orchestration tools and platforms, businesses gain real-time insights and control over their procurement activities, facilitating quicker decision-making and improved risk management. What is procurement intake?

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

They need strong SCM practices to help work out the logistics of transporting goods across long distances and through multiple countries without creating longer lead times or delays. Advanced software tools can automate some parts of forecasting, providing real-time updates and alerts when inventory levels are too high or low.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

The IBM Supply Chain Intelligence Suite , powered by artificial intelligence (AI) and blockchain, helps compile supplier data to drive Scope 3 accuracy, improve circularity by reducing waste and inform end consumers of carbon and other ESG impacts. This technology can also help reduce the risk of regulatory non-compliance.