article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

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. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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.

Trending Sources

article thumbnail

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

article thumbnail

Integrated Business Planning: A New Narrative for an Old Process

Supply Chain Trend

We propose that IBP be segmented by decision type into execution, operational, planning, and strategy/culture. For the execution and operational decisions, modern planning technology can largely automate processes and decisions. IBP Segmentation by Planning Horizon, Automation.

article thumbnail

S&OP, a vision for the future. The expert interview series #6

Supply Chain Trend

However, S&OP has not yet substantially delivered on its ultimate promise of enterprise wide resource management, rolling financial forecasting and strategy deployment. Worse, overall S&OP development and progress seems to have stalled. In the last 30 years S&OP improved performance in many businesses.

article thumbnail

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

For example, when one retailer collaborated with a manufacturer on a co-branded product line, the manufacturer agreed to absorb the upfront product-development costs in return for an expanded share of the retailer’s product offerings across a wider set of categories. Invest in the Right Infrastructure and People.