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A 2024 Supply Chain To-Do List

Supply Chain Brain

Future-proofing supply chains to manage risk, boost real-time visibility, enhance sustainability, deploy AI effectively, and promote end-to-end collaboration is critical. The global economy is slowly recovering, but volatility remains a constant. Tick-tockā€¦

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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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Building a sustainable automotive supply chain

IBM Supply Chain Blog

. ​ Automotive supply chain facts Up to 50 percent of unscheduled downtime is due to a lack of spare parts or stockouts ( The Importance of Inventory Optimization in MRO, July 2015 , Aberdeen Group) Generally, 99% of [semiconductor] manufacturing foundries have no visibility where the part is going. Why is this happening?

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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. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

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#1! Are you a Supply Chain Digital Champion?

ivalua

Consumers also expect transparency ā€“ in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . The financial benefits include greater profitability, reduced costs, accelerated time-to-market, and faster time-to-delivery. .

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What is supply chain sustainability?

IBM Supply Chain Blog

If you havenā€™t been thinking about these questions, the time to start is now. Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. But the supply chain doesnā€™t end when the product hits the market, and neither does supply chain sustainability.

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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.