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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. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

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Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

For the energy and utilities industry (E&U), time is not on their side. Equipment-heavy and reliant on an aging infrastructure, E&U clients suffer from costly supply chain disruptions as wear, tear and time take their toll. Visibility. However, maintenance inventory optimization is only part of the solution.

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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Supplier Order Management Software: What it is?  Menu Course Library 1.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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Integrated Logistics — What You Should Know

Procurement Tactics

The goal of integrated logistics is to optimize the entire supply chain by minimizing costs, improving efficiency, and ensuring timely delivery of products to customers. It also requires close collaboration and coordination among all the stakeholders in the supply chain, including suppliers, manufacturers, distributors, and retailers.

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The Contract Management Playbook: Strategies and Secrets for Total Control

World of Procurement blog

Contract management also provides financial visibility into agreements and helps capture important data to inform business decisions. The types of contracts that typically require robust management include: Procurement contracts - Agreements with suppliers and vendors for goods, services, and materials.

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Building a sustainable automotive supply chain

IBM Supply Chain Blog

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Monitor supply to minimize production delays and reduce the time needed for critical supply chain disruption management. Optimize maintenance inventory, increase reliability, and ensure production schedules are met.