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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

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Everstream Analytics: Vendor Analysis — Supply chain risk management solution overview, competitors, tech selection tips, analyst summary

Spend Matters

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level. Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Cost savings Selecting suitable suppliers to meet long-term business needs often results in contracts with more advantageous pricing and payment terms (like bulk pricing and reduced fees). Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times.

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

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Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain. Managing Supplier Relationships.

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Supply Chain at a Crossroads – Back to the Shadows or into the Spotlight?

Supply Chain Game Changer

The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. When the pandemic winds down there is a very real danger that people will go back to doing, and viewing, things the way they were before the pandemic. Risk management is real. Much of the training is in specific skills (eg.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Depending on the specific needs of the client, the scope of contract logistics can range from managing individual aspects of the supply chain to offering full end-to-end solutions. They can be businesses or individual consumers who expect their orders to be delivered in a timely manner and in good condition.