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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. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers.

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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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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. The powerful concept of Supply Chain Visibility lies at the core of resilience.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

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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. This will be the central operational strategy for all companies in the future.

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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. It enables a centralized repository of information and provides real-time visibility into the entire business.

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The Digitalization Journey at Mars DPW Amsterdam 2022 – Sam de Frates

HICX

In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility. Buyers, he says, are spending a lot of time trying to get materials to their factories. Or, ‘how do you get real-time decision-making?’

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