article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. It includes everything from product development and strategic decision-making to information systems and new technologies.

article thumbnail

The Importance of Supply Chain Collaboration

The Good Spending

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. At least 75% of the product cost is committed during the design and planning activities.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

This includes product design, planning, execution, monitoring and control. Source: [link] ). Source: [link] ). SCM is also called the art of management of providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer. Source: [link] ). Source: [link] ).

article thumbnail

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

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!

article thumbnail

Integrated Business Planning: A New Narrative for an Old Process

Supply Chain Trend

By bringing together several technologies that have matured separately over the last decade, it is becoming a system of intelligence, seamlessly integrating the following capabilities: • Integration and harmonization of data from internal and external sources, with transactional data self-cleansed and planning parameters self-maintained.