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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

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.

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What is Supply Chain Management? A Guide to Success

SCMDOJO

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Warehousing: Warehousing involves the storage and management of inventory.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Procurement leaders must partner with business heads to map procurement strategy to strategic priorities. Setting the right KPIs ensures priorities are clear for the team.

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What is Integrated Business Planning (IBP)?

IBM Supply Chain Blog

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.

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The Future of Spend Analysis: Trends to Watch Out For

Empowering CPO

Introduction In today’s dynamic business landscape, effective procurement strategies are crucial for organizations to achieve sustainable growth and maintain a competitive edge. Businesses are now harnessing the power of data to drive their procurement strategies and achieve better outcomes.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? Demand planning capabilities.