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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. For instance, one company is using a network of trusted suppliers built on IBM Blockchain® to provide product provenance for sustainably sourced shrimp.

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Visibility is crucial for supply chains

Strategic Sourceror

For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency. Brought to you by the StrategicSourceror.

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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

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Delivering on promise and purpose in the retail supply chain

IBM Supply Chain Blog

When it comes to the latter, retail leaders are also facing new government regulations that make sustainability promises a must-have rather than a nice-to-have. The good news is that sustainability and profitability go hand-in-hand, especially in the retail supply chain. Simple: communicate! Checking all these boxes is no small feat.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Sustainable Procurement Course Maintain profitability while moving toward sustainability 4.

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Integrated Logistics — What You Should Know

Procurement Tactics

Sustainable Procurement Course Maintain profitability while moving toward sustainability 4. Integration of different logistics activities provides visibility of the entire operation to key stakeholders and management, which can lead to better decision-making based on solid data. Why is it important?

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

It can take many forms, from automated warehouse systems that pick and pack orders, to blockchain-based smart contracts to software that automates purchasing and invoicing processes. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.