IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

supply chain software solutions 89

supply chain software solutions Supply chain management Supply chain management Supply Chain Efficiency 89

Procurement Tactics

JUNE 8, 2023

This involves taking into account various factors such as demand variability, lead times, transportation costs, inventory holding costs , and other operational costs. However, it is important to choose the right software that can fully address the decisions you need to make, and also represent your unique business and logistics network.

Supply Chain Optimization 211

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 211

Procurement Tactics

JUNE 8, 2023

Thus, ensuring that you can always fulfill the demands of your customers. This helps companies ensure they always have enough stock to meet customer demands and warns them if they are running low. In addition, inventory management helps businesses plan for production and ordering materials. What is Inventory Management?

Inventory 187

Inventory Management Real-time Visibility Inventory control 187

SCMDOJO

APRIL 29, 2024

A well-managed supply chain enables businesses to respond swiftly to market demands, mitigate risks, and seize growth opportunities. Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain.

Supply chain management 67

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 67

Procurement Tactics

JULY 20, 2023

However, with the advancement of technology, businesses now have access to software that simplifies and automate the entire order management process. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

Procurement Bulletin

OCTOBER 15, 2023

Canada Builds New Container Terminal Transport Canada plans to invest $150M to build a new container terminal in Contrecoeur, Quebec. The new terminal will help increase container capacity for the Port of Montreal to meet growing demand.

supply chain software solutions 79

supply chain software solutions Supply chain Demand Supply 79

Procurement Tactics

MAY 22, 2023

To achieve this goal, it involves the use of advanced technologies, such as automated inventory management systems, transportation management software, and data analytics tools, to monitor and manage the entire supply chain in real-time. Advantages of Integrated Logistics 1. Why is it important?

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

IBM Supply Chain Blog

JANUARY 24, 2024

With the seismic shift wrought by generative AI, the pressure is on IT to modernize and optimize to meet the demand. Regulated cloud costs Too often, organizations overprovision resources in case there’s a spike in demand to make sure their applications perform. How Turbonomic can help It starts with planning.

Data 67

Data Strategy Demand Budget 67

Let's Talk Supply Chain

JANUARY 1, 2024

  Today I’m joined by RELEX Solutions , an innovative tech brand who’s unified supply chain and retail planning platform helps retailers and consumer brands sell more and waste less. Its platform helps companies align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain.

Supply Chain Optimization 52

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

Procurement Tactics

NOVEMBER 8, 2022

Improve Demand Forecasting. Monitoring demand is one of the essential activities for supply chain planning. If you do not have an accurate representation of the demand, it is easy to create more than what is necessary; hence, it might end up going to waste. Luckily, demand forecasting does not have to be complicated.

supply chain budgeting 182

supply chain budgeting Supply Chain Efficiency Supply Chain Optimization supply chain software solutions 182

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

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Demand Planning Demand Supply Chain Efficiency supply chain software solutions 52

EazyStock

OCTOBER 31, 2022

What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting?

Demand Planning 52

Demand Planning Demand Supply Chain Efficiency supply chain software solutions 52

IBM Supply Chain Blog

APRIL 3, 2024

It helps organizations optimize their workplace experience , facility resource scheduling, facility strategic planning, lease accounting and asset disposal, and manage their transactions, capital projects , space , facility maintenance and facility sustainability. Real-time insights infused with AI support dynamic space planning.

Demand 72

Demand Management Strategic planning Sustainability 72

SCMDOJO

SEPTEMBER 8, 2023

Supply chain professionals will be familiar with the term Material Requirements Planning (MRP). Understanding these metrics is critical for ensuring that production runs smoothly, inventories are optimized, and customer demands are met. The metrics that underpin MRP could be described as the balls in this juggling act.

Supply Chain Efficiency 83

Supply Chain Efficiency Supply Chain Optimization supply chain software solutions Agile and Lean Supply Chain 83

SCMDOJO

APRIL 9, 2024

Leveraging telematics in logistics makes it easy to access real-time information like vehicle location and status, deviations from planned schedules, traffic situations, driving behavior, vehicle diagnostics, maintenance issues, vehicle metrics that affect fuel efficiency, and more.

Logistics 78

Logistics Data Supply Chain Efficiency Route optimization 78

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Improved Customer Satisfaction A structured department is better equipped to handle customer demands.

Supply Chain Optimization 76

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 76

IBM Supply Chain Blog

JUNE 29, 2023

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. Strategic planning Integrated Business Planning starts with strategic planning.

supply chain software solutions 83

supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 83

Finale Inventory

APRIL 18, 2024

More on that below… Read more : Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees This crucial component is often overlooked among exciting advertising and merchandising options, but ensuring you have enough inventory to meet that ongoing demand is important not just for sales, but to stay in good graces with Amazon.

Inventory 52

Inventory Real-time Visibility Strategy Demand 52

Planergy

SEPTEMBER 5, 2023

Download Free Copy Budgeting Process: Steps and Best Practices for Planning a Budget Written by Keith Murphy 18 min read Best Practices & Tips Budget Management Process & Procedures Download PDF KEY TAKEAWAYS Budgeting is crucial to ensure your business has enough money to remain operational and earn profit.

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supply chain budgeting Budget Real-time Visibility Spend management 92

ivalua

FEBRUARY 10, 2023

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Procurement Tactics

JUNE 28, 2023

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. Invest in Technology Leveraging procurement software or enterprise resource planning ERP systems offering a robust tracking and reporting capability.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

IBM Supply Chain Blog

JANUARY 11, 2024

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness. million—a 15% increase over the last 3 years.

Networking 104

Networking Data Risk Import 104

Supply Chain Game Changer

NOVEMBER 2, 2022

That’s where supply chain risk management software comes in. SCRM software helps companies manage their supply chains by centralizing every aspect of their operations into one place so they can see where problems are occurring before they happen. In fact, 89% of businesses encountered a supplier risk event in the last five years.

Risk management 96

Risk management supply chain software solutions Risk Management 96

The Thomas Blog

JANUARY 26, 2024

In the field of digital marketing, demand generation, and growth marketing are two distinct but related tactics. Demand generation, on the other hand, seeks to generate leads for the sales funnel by raising awareness and interest in your offerings. What Is Demand Generation?

Demand 52

Demand Buyers Strategy Sustainability 52

Supply Chain Trend

AUGUST 13, 2020

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

EazyStock

JULY 22, 2021

Demand forecasting techniques. Demand forecasting techniques play a critical role in inventory management. If you can accurately forecast market demand, you can take action to ensure you hold the correct stock to maximize sales and profit. However, producing an accurate inventory demand forecast is no mean feat.

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Demand Inventory Influencing Inventory control 105

SCMDOJO

FEBRUARY 20, 2023

To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below. Improve Inventory Planning & Optimize Inventory The right inventory level can maximize efficiency, reduce costs, and improve customer satisfaction.

Strategy 103

Strategy Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 103

IBM Supply Chain Blog

DECEMBER 18, 2023

Urban planning Governments use GIS data and GIS-based solutions for urban planning: zoning and land use projects, natural disaster and health event response, roadway system and building design, utility distribution, energy production, and waste and resource management.

Data 107

Data Sourcing Management Sustainability 107

IBM Supply Chain Blog

FEBRUARY 7, 2024

As part of their energy transition plans, many countries are increasing their use of clean energy—that is, power generated from recyclable and regenerating sources, such as solar, wind, geothermal and more—to reduce their carbon footprint. trillion to the global economy by 2050. The smart factories that make up Industry 4.0

Sustainability 100

Sustainability supply chain software solutions Supply Chain Efficiency Supply Chain Optimization 100

Spend Matters

SEPTEMBER 1, 2022

So how are companies meeting these new demands? Find out how Zip provides a software-based intake-to-procure solution that optimizes and simplifies the procurement process. That technology can change the process to meet current needs.” Read more. ).

Demand 79

Demand Procurement strategies Procurement Procurement team 79

Procurement Tactics

JULY 23, 2023

The carrier then picks up the parcel and transports it to the designated drop-off location mentioned on the package and in the software. Using technology for tracking is important for last mile logistics and meeting customer demands. Have a Backup Plan Anticipate unforeseen events or disruptions by having contingency plans in place.

Logistics 209

Logistics Supply Chain Efficiency Supply Chain Optimization Real-time Visibility 209

Supply Chain Game Changer

OCTOBER 15, 2022

Marketing as a philosophy of activity of a pharmaceutical enterprise contributes to a successful response to changes in the external environment and the requirements and demands of consumers. Today, software development is an effective marketing tool in the pharmaceutical market. Importance of Pharma Software Development.

supply chain software solutions 94

supply chain software solutions Import Raw materials Supply Chain Efficiency 94

World of Procurement blog

MAY 8, 2024

Procurement Strategy and Planning An effective procurement strategy is essential for aligning spending with broader corporate goals and extracting maximum value from the sourcing process. Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

EazyStock

NOVEMBER 19, 2020

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. A smart replenishment planning team will be able to balance this inventory investment risk by: Accurately forecasting future stock requirements – using statistical demand forecasting techniques.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Inventory 98

EazyStock

DECEMBER 21, 2022

What is demand forecasting? Inventory demand forecasting is how companies predict customer demand for an inventory item over a defined period. Accurate inventory demand forecasting enables a company to hold the right amount of stock, without over- or under-stocking, for optimum inventory control.

Demand 52

Demand Inventory Inventory control Market knowledge 52

Spend Matters

APRIL 17, 2024

Here’s why Relish matters: To the market — Relish offers comprehensive solutions for validating supplier data and processing invoices, addresses gaps in existing software solutions and in doing so, has become a key player in the OEM app marketplace. It supports varied e-invoice government regulations with partnerships.

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Suppliers Data Market analysis Demand 93