article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

It includes everything from product development and strategic decision-making to information systems and new technologies. Better customer satisfaction : An optimized supply chain allows businesses to make sure products are available when and where people want them—which can improve relationships and loyalty with customers.

article thumbnail

The 25 Hottest US Procurement Startups

Procurement Software

This enables you to catch potential disruptions earlier in the design process to avoid delays in production. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development. Additionally, analytics features grant you deeper visibility into your supply chain.

professionals

Sign Up for our Newsletter

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

article thumbnail

The Internet of Things (IoT) – Welcome the Digital Supply Chain!

Supply Chain Game Changer

Through tracking consumption events on the appliance, and tracking or modelling the inventory a consumer has, automatic replenishment can be triggered to ensure the user never runs out. This avoids shortages if the rate of consumption increases, or excessive inventory if it slows. Proactive service.

article thumbnail

The 25 Hottest European Procurement Startups

Procurement Software

Feature highlights include: Easy to use five-category classifications, best in class enterprise taxonomy, the ability to gain insights from trend analysis and organisation behaviours, 100% spend visibility and proprietary machine learning algorithms designed to deliver accuracy. M&A) The solution gives you full spend visibility.

article thumbnail

Business process management (BPM) examples

IBM Supply Chain Blog

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

article thumbnail

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. They may even take over the provisioning of an entire end-to-end solution.

article thumbnail

How to choose the best enterprise asset management software

IBM Supply Chain Blog

Here are some of the most common ones: Comprehensive asset inventory: Build a full catalog of critical assets within your organization that can be easily maintained by focusing on specifics within the data, like location, condition, maintenance history and associated documentation. Everything should be viewable from one single vantage point.