IBM Supply Chain Blog

FEBRUARY 19, 2024

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

supply chain software solutions 81

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 81

Procurement Tactics

JUNE 6, 2023

Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. By analyzing past data, trends, and upcoming events, businesses can ensure sufficient product availability while avoiding excess inventory.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

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 76

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 76

SCMDOJO

APRIL 4, 2023

By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. When it comes to managing a supply chain, having access to real-time data can be a game-changer.

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

Una

AUGUST 2, 2022

Early adopters are reaping the benefits of Cloud maturit y such as Big Data insights, enhanced integration with other functions, and super-scalability. As machine learning gets smarter, pattern recognition can be used to categorize unstructured data and make manual classification a thing of the past. AI-enhanced spend categorization.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

World of Procurement blog

APRIL 23, 2024

Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy. Sourcing : Choosing suppliers that provide the goods and services needed to create the product.

Supply chain management 52

Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

JUNE 21, 2023

It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers. According to a paper by Len Prokopets and Ramin Tabibzadeh from Archstone Consulting , initial sourcing transactions can yield a 5% savings.

Supply Chain Optimization 92

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 92

Una

SEPTEMBER 6, 2022

Eliminating waste; for example by reducing lengthy sourcing times. Some of the benefits of leveraging lean procurement include: Reduce time-to-source. Lean sourcing methodologies can compress months-long RFP processes into less than a week by replacing complex RFP processes with one-day design-style workshops. . Get in Touch.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Procurement Procurement strategies 98

Supply Chain Trend

JANUARY 22, 2023

This means that a demand planner can make a decision, by analyzing significantly different forecast algorithms and different internal and external data sources. Once this new forecast algorithm & data runs periodically as an input to the demand plan, it becomes an operational procedure and stops being a decision.

Quality 88

Quality Inventory Demand Planning Influencing 88

Arkestro

JANUARY 4, 2023

They will ensure their teams have meaningful data available in an actionable format to help them supercharge the influence of each team member.”. The recent supply chain issues and market volatility have proven to businesses, large and small, the true value and necessity of an efficient and optimized sourcing/procurement team.”.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

SCMDOJO

NOVEMBER 17, 2023

Inventory Management & Optimization: Managing inventory as working capital, focusing on demand planning, optimization, safety stock management, and meeting customer service expectations. Understanding and applying technologies like IoT and big data are highlighted as essential components for staying ahead in the field.

Agile and Lean Supply Chain 73

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 73

Let's Talk Supply Chain

JULY 20, 2023

The record talent shortage has been a source of frequent delays and price jumps in recent years. For more than a decade, Zarrin has dedicated her career to finding smarter and more sustainable supply chain planning approaches and technology solutions. Where did your supply chain journey start? I moved to the U.S.

supply chain software solutions 98

supply chain software solutions Agile and Lean Supply Chain Supply chain Supply 98

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics.

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Supply Chain Trend

JULY 18, 2019

However, planning wasn’t the strongest feature and the promise of ERP to have common data and one source of truth across the enterprise has never been achieved. Wave 2 – Advanced Planning Systems. They operate without a one source of truth to support the best possible decision making. Wave 2 shortcomings.

supply chain software solutions 60

supply chain software solutions Supply chain Supply Sourcing 60

ivalua

MAY 21, 2014

Gartner highlights three reasons: Necessity – Too many organizations, especially manufacturers, rely on stale data and old processes that could be streamlined and enhanced with technology. The organizations using powerful new sourcing technology and streamlined processes are leaping ahead, quickly leaving their competition behind.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain supply chain budgeting Supply chain Supply 100

Empowering CPO

JUNE 26, 2023

As a leading procurement services company specializing in spend analysis, EmpoweringCPO understands the vital role that insightful data plays in driving informed decision-making and optimizing procurement processes. Businesses are now harnessing the power of data to drive their procurement strategies and achieve better outcomes.

Real-time Visibility 40

Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Let's Talk Supply Chain

APRIL 13, 2023

Sourcing global talent Provides established processes for staff augmentation Visibility, KPIs, training, clear expectations When do customers approach Lean Solutions Group? based office and remote office Developing improvement plans based on data. Analyze the data through automation to see what’s working.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Real-time Visibility Logistics supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 28, 2020

Anecdotally, this is a bit lower in Canada, except for particular functions with very strong starting compensation like Demand Planning. Source ,” which includes Buyers, Category Managers, Commodity Managers, Procurement Specialists, Purchasing Managers and Sourcing Managers. Satisfaction: Job satisfaction was also high.

Supply chain 98

Supply chain Supply Leadership Supply chain management 98

Planergy

DECEMBER 8, 2022

Demand forecasting helps you make educated business decisions based on various metrics, including economic factors. Because handling these tasks manually is time-consuming, plenty of forecasting tools aggregate the data for you. Types of Demand Forecasting Models. Types of Demand Forecasting Models.

Demand 52

Demand Data supply chain software solutions Inventory 52

Supply Chain Game Changer

AUGUST 6, 2020

An identified knowledgeable approach, best-fit to the challenges caused in switching from an as-is to to-be model is proposed in Digital Twinning where the roughness of data utilized or gathered is proportionate with the problem statement under study. Data Driven Supply Chain Innovation with Digital Twinning.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

The Procuretech Podcast

FEBRUARY 22, 2022

On this week's show we're digging into the world of direct materials sourcing. It's a part of the digital procurement landscape that's been a bit neglected, except for e-sourcing tools, and my guest this week decided to do something about this. Demand planning. Asynchronous ways of working are too slow. Spend analytics.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Innovation Supply chain 40

The Good Spending

SEPTEMBER 2, 2023

end-user equipment) where the goods are sourced in batches, and only the price and delivery terms matter. For example, when repeatedly sourcing a product already well-known for its quality and price, the main emphasis is on negotiations, creating competition, and ensuring rhythmic supply.

Sourcing 59

Sourcing Procurement Demand Planning Category management 59

Supply Chain Game Changer

MARCH 23, 2021

Most of these tasks occur below the surface, that is beyond the visibility of anyone not otherwise aware of what is involved. That is these tasks are the 90% of the iceberg that most can not see. Warehouse Order Fulfillment.

Supply Chain Efficiency 64

Supply Chain Efficiency Supply chain Real-time Visibility Supply 64

Supply Chain Brain

MAY 14, 2018

While they might embrace the underlying concept of the IoT, they’re dubious about their ability to manage the resulting flood of data in a meaningful way. How can they respond in a timely manner to the rapid and unrelenting flow of data from countless devices hooked up to the internet?

Strategy 40

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

Supply Chain Game Changer

NOVEMBER 10, 2018

Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

Collaboration 66

Collaboration Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 66

Supply Chain Opz

JANUARY 17, 2017

Regardless, it must begin by determining what the Customer values, then work backwards to design processes which deliver to these requirements (see below): Done right, an adaptive Supply Chain can be a source of competitive advantage, as demonstrated by companies such as Apple, Wal-Mart and P&G.

e2e 40

e2e Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 40

The Procuretech Podcast

OCTOBER 3, 2022

You first need to be happy with the UX and UI, and the integration with your current ERP so the transfer of the data is seamless. On Demand, modular best-of-breeds, and why we need them. SCM Dojo has different teaching pathways here: A supply chain manager pathway, a logistics manager, a demand planning pathway, etc. .

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Sustainable master data management and governance: As much as 55% of projects fail due to data management issues.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Planergy

JULY 18, 2023

However, as this data can become obsolete quickly, you must also consider the industry in which the company operates and any local market nuances that could be of significance before approving them for credit. Credit reports can offer valuable insight, aiding you in understanding their payment history and public records.

Import 52

Import supply chain budgeting Inventory Budget 52

Supply Chain Brain

MAY 7, 2018

It’s that latter quality that applies to data-heavy disciplines such as pricing. driven system can help to sort signal from noise: it can determine the point at which the model is in danger of being swamped by too much data, not all of it relevant. The result,” says Webb, “is much greater richness and breadth of data.”

Price 40

Price Raw materials Supply Chain Optimization Supply chain 40

IBM Supply Chain Blog

JUNE 21, 2023

” – User, Enterprise Get started with IBM G2 scores products and vendors based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. We apply a unique algorithm to this data to calculate the customer Satisfaction and Market Presence scores in real-time.

Real-time Visibility 52

Real-time Visibility Demand Planning Networking Data 52

Let's Talk Supply Chain

JUNE 28, 2023

This challenge can result in data discrepancies and manual errors, leading to additional time spent reconciling and updating records across multiple systems. The real-time data on Trakking drastically reduces dead runs for truckers – in fact, in the 10,000 transactions processed so far, there have only been 2 dead runs.

Supply Chain Efficiency 97

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Export 97

SCMDOJO

NOVEMBER 2, 2023

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Francine has been an Interim (project) manager and senior business analyst with a track record in Operational Excellence, Process Design and Data Analysis.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 59

Empowering CPO

JUNE 27, 2023

By collaborating with EmpoweringCPO, you gain access to our proprietary technology and tools that enable advanced analytics, data visualization, and automation. We believe in harnessing the power of data to fuel better decision-making. This data may reside in different formats and systems, requiring consolidation for analysis.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40

Finale Inventory

SEPTEMBER 28, 2023

Mobile Barcode Solution Regarding warehouse management, Finale automates multiple warehouse inventory data synchronizations, barcoding , and picking methods, enabling more efficient order fulfillment, better quality control with fewer picking errors, and the ability to track your stock across multiple locations.

Inventory 52

Inventory Purchase orders Order Fulfillment Price 52

Empowering CPO

JUNE 20, 2023

Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Spend analysis plays a vital role in procurement and strategic sourcing. Spend analysis plays a crucial role in managing direct spend.

Supplier consolidation 40

Supplier consolidation Negotiation Suppliers Procurement strategies 40