IBM Supply Chain Blog

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

supply chain software solutions 89

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

World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 26, 2023

Stronger supplier relationships lead to better pricing, improved service levels, and a more reliable supply chain. By analyzing data on market trends, demand patterns, and supplier capabilities, organizations can make informed decisions regarding sourcing strategies, supplier selection, and risk management.

Real-time Visibility 40

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

Empowering CPO

JUNE 27, 2023

By proactively addressing these risks, organizations can minimize disruptions and ensure a reliable supply chain. Compliance and Governance: Analyzing spending data enables organizations to monitor compliance with regulatory requirements, internal policies, and ethical standards.

Procurement 40

Procurement Supply Chain Optimization Supplier consolidation Suppliers 40