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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

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Integrated Logistics — What You Should Know

Procurement Tactics

Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. Efficiency in inventory management By integrating the different operations, inventory management can be significantly improved.

Logistics 207
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Debunking observability myths – Part 6: Observability is about one part of your stack

IBM Supply Chain Blog

In modern software and system management, observability goes beyond focusing on just one part of the stack. It is achieved through observing real-time frameworks, performance-monitoring libraries and crash-reporting tools. Why is this a myth? Mainframe systems : Even in mainframe systems, observability plays a vital role.

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6 Ways To Improve Your ECommerce Order Fulfilment!

Supply Chain Game Changer

This activity includes collecting and storing inventory, fulfilling orders, and managing the post-sales process. For example, when a customer orders an item through your online shop, you must ship it to the buyer within a specific time frame to avoid cancellation. Enable End-To-End Order Visibility.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. In addition to ethical and responsible sourcing assurances, blockchain-based sourcing capabilities can also help guarantee high-quality products.

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The True Power of a Payments Partnership

ivalua

By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked. This allows for part-payments, quality or milestone-based contract terms, even payment on receipt to be visible to the supplier, finance, treasury, and the buyers.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

Enhancing contract management : Natural language processing enables AI to extract key data from contracts. Spend Analysis and Classification with AI AI and machine learning are transforming spend analysis and classification, providing procurement teams with unprecedented visibility into organizational spending.