SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization?

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

Procurement Templates

JUNE 18, 2023

ChatGPT Inflation refers to the general increase in prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation occurs when there is an imbalance between the supply and demand of money and goods. What is inflation?

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Raw materials 130

IBM Supply Chain Blog

OCTOBER 3, 2023

Cloud costs are out of control, and teams spend too much time fixing instead of innovating. It’s time for IT to go from reactive to proactive and preventative. You’ll find automated full-stack visibility, one-second granularity and three seconds to notify.

Real-time Visibility 89

Real-time Visibility Cost optimization Budget Data 89

IBM Supply Chain Blog

AUGUST 8, 2023

Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns. EAMs optimize the quality and utilization of physical assets throughout their lifecycle, increase productive uptime and reduce operational costs.

supply chain software solutions 50

supply chain software solutions Management Real-time Visibility Supply Chain Optimization 50

TYA Suite

AUGUST 26, 2024

With the right SMBs can streamline their purchasing activities, reduce costs, and enhance overall productivity. In this blog, we explore the key features and importance of procurement software for small and medium-sized businesses and how to choose the best procurement software solutions specifically designed for SMBs.

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supply chain software solutions supply chain budgeting Real-time Visibility Procurement 40

IBM Supply Chain Blog

DECEMBER 11, 2023

Before cloud computing, organizations had no other option but to store data and run their software applications within a traditional IT infrastructure setting—a form of centralized computing comprised of on-premises data centers , servers, networking hardware and enterprise software applications.

Real-time Visibility 101

Real-time Visibility Data Strategy Networking 101

Una

OCTOBER 17, 2023

The current state of chatbots in procurement Chatbots are intelligent systems, designed to assist procurement teams by automating tasks , providing real-time support to end-users, and enhancing overall efficiency. This ensures that procurement support is readily accessible at any time, increasing efficiency and reducing delays.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Supply Chain Optimization 52

IBM Supply Chain Blog

JANUARY 30, 2024

A simple multicloud scenario may involve a company using two different cloud providers to carry out Software-as-a-Service (SaaS) —software applications (e.g., A PaaS approach helps companies reduce the cost, complexity and inflexibility associated with building and maintaining a platform on-premises.

Strategy 91

Strategy Real-time Visibility Data Risk 91

IBM Supply Chain Blog

OCTOBER 17, 2023

This is achieved through application monitoring, and the use of application monitoring software. Understanding how each type works and the purpose served is the first step to identifying the software solution and strategy that best meets your organization’s needs.

Real-time Visibility 70

Real-time Visibility Networking e2e Data 70

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. It eliminates waste and enables companies to manufacture products at lower costs.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Finale Inventory

AUGUST 23, 2024

One of the key benefits of cycle counting is its ability to provide real-time insights into inventory levels. By continuously monitoring stock levels and making necessary adjustments, construction companies can maintain optimal inventory levels, streamline procurement processes, and improve overall operational efficiency.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

AUGUST 11, 2023

Or they could migrate all of their data to one cloud provider and find out that there were long stretches of time where they were only using a fraction of their cloud footprint, yet were paying for the entire thing. Or they could license expensive project management software, only to find a fraction of employees were using it.

Import 74

Import Management Budget Real-time Visibility 74

IBM Supply Chain Blog

MAY 25, 2023

And every second counts—a recent IDC survey found that a single hour of downtime costs an average of USD 250K or more when a revenue-generating production service is impacted. With AIOps, you have the benefit of observability tools that deliver near real-time data granularity and cardinality for all application stakeholders.

Real-time Visibility 70

Real-time Visibility Data Sustainability Cost optimization 70

Pipefy

JANUARY 30, 2024

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Purchase orders. Invoice approvals. Contract and compliance management.

Agile and Lean Supply Chain 52

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

IBM Supply Chain Blog

DECEMBER 20, 2023

AWS, Google Cloud Services, IBM Cloud, Microsoft Azure) makes computing resources—like ready-to-use software applications, virtual machines (VMs) , enterprise-grade infrastructures and development platforms—available to users over the public internet. For instance, some public cloud providers charge extra for data egress (e.g.,

Strategy 93

Strategy Real-time Visibility Data e2e 93

IBM Supply Chain Blog

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. Cloud spend, like other IT spend, can proliferate quickly if there is no cloud management platform that provides clear cost visibility or usage visualizations.

Real-time Visibility 64

Real-time Visibility Budget Cost optimization Demand 64

IBM Supply Chain Blog

JUNE 11, 2024

Paths beyond VMware The impact of acquisition : A 2023 Forrester study (link resides outside ibm.com) predicts that 20% of VMware clients will move away from VMware stack due concerns around price increases, limited customer support and a mandatory requirement for subscription to software bundles —all of which are a result of the acquisition.

e2e 66

e2e Cost optimization Innovation Real-time Visibility 66

Finale Inventory

JULY 3, 2024

The Importance of Inventory Management in Ecommerce Inventory management is crucial for ecommerce businesses for several reasons. Firstly, it helps you meet customer demand by ensuring that you have sufficient stock available at all times. Moreover, effective inventory management helps optimize cash flow.

Inventory 52

Inventory Raw materials Supply Chain Optimization supply chain budgeting 52

IBM Supply Chain Blog

JUNE 26, 2023

AIOps helps you operationalize this approach by using data-driven cloud spend decisions to safely balance cost and performance. By using software—not people—you can take appropriate actions and give applications the resources they need when they need them.

e2e 52

e2e Real-time Visibility Sustainability Data 52

Arkestro

MARCH 27, 2024

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. You can unsubscribe at any time.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Finale Inventory

JULY 23, 2024

It involves overseeing the flow and storage of goods, ensuring that you have the right products available at the right time. By effectively managing your inventory, you can minimize costs, optimize storage space, and provide exceptional customer service.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 52

World of Procurement blog

MAY 10, 2024

Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

In the following sections of this guide, we will provide in-depth analysis, real-world examples, and actionable recommendations to empower healthcare organizations in their journey towards optimizing costs and improving patient care through effective spend analysis. Benefits of Implementing Spend Analysis in Healthcare A.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

IBM Supply Chain Blog

MAY 12, 2023

S3 Intelligent-Tiering: Amazon S3 Intelligent-Tiering automatically moves data between frequent-access (FA) and infrequent-access (IA) tiers for cost optimization, making it ideal for data with unknown or changing access patterns. However, it is also the most expensive storage class per GB stored. 99.99% 99.99% Availability SLA 99.9%

Price 52

Price Management Real-time Visibility Data 52

Empowering CPO

JUNE 27, 2023

It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization. Real-world success stories and case studies illustrating the significant impact of spend analysis on achieving tangible cost savings and procurement optimization.

Procurement 52

Procurement Real-time Visibility Supply Chain Optimization Procurement strategies 52

Empowering CPO

JUNE 27, 2023

Improved Supplier Management: By analyzing spend data, organizations gain visibility into their supplier relationships and performance. Enhanced Decision-Making: Spend analysis empowers decision-makers with accurate and timely information. Timely and current data is vital for proactive decision-making and effective spend management.

Real-time Visibility 40

Real-time Visibility Quality Data Suppliers 40