article thumbnail

Sustainability in Procurement: Strategies and Challenges

ivalua

Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Strategies to Improve Sustainability in Procurement. However, obstacles to meeting such pledges remain.

article thumbnail

4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

In sourcing strategy, blockchain technology helps track orders, payments, accounts and more. Learn more about IBM Food Trust Advanced analytics and artificial intelligence (AI) Analytics engines and their “big data brains” provide real-time sourcing flexibility and visibility to enhance order management and inventory systems.

Sourcing 105
professionals

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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.

e2e 67
article thumbnail

Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

Visibility. Visibility into other key inventory (e.g., Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

e2e 65
article thumbnail

How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

article thumbnail

5 Strategies For Improving Distribution Operations: An Essential Guide

SCMDOJO

Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.

Strategy 101