article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

article thumbnail

Transforming the Grocery Shopping Experience with Last Mile Delivery

Solvoyo

Retailers who had their partner at the beginning of the COVID-19 crisis actually thrived and increased their sales – all thanks to advanced analytics and digital platforms. . Instead of using Excel to make calculations, cloud-based digital platforms can be used to detect significant changes in demand and supply.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

Risk Mitigation SCM minimizes supply chain risks through careful planning and collaboration. Proactive risk management prevents major losses. Key Features of an Effective Supply Chain An effective supply chain is characterized by agility, cost optimization, and risk mitigation.

article thumbnail

Top 10 Hottest British Procurement Startups

Procurement Software

Canopy Canopy is a vendor master data and supplier management platform that aims to provide complete visibility of your suppliers’ information. It includes everything from finance and contract data to compliance, risk, and ESG assessments. It includes everything from finance and contract data to compliance, risk, and ESG assessments.

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40
article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

e2e 40
article thumbnail

Digital Transformation Journey in Supply Chain Planning

Solvoyo

If your planning platform has inaccurate data and you don’t have visibility on the data’s quality, you will need to keep the outputs. One goal of these steps should be to provide end-to-end visibility across the organization through interactive dashboards and a single version of the truth. key customers and/or suppliers).