IBM Supply Chain Blog

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Now, sourcing and procurement professionals are reaping the rewards of such automation: streamlining workflows, boosting the bottom line and finding efficiencies.

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Sourcing Strategy Supply Chain Efficiency e2e 95

Supply Chain Game Changer

JANUARY 22, 2020

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Benefits of IoT article written for Supply Chain Game Changer by, and permission to publish here provided by, Michael Dehoyos. IoT and Supply Chain. Subscribe Here!

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Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 66

Empowering CPO

MAY 5, 2023

Embracing digital technologies has become a necessity for companies to streamline operations, improve customer experiences, and increase overall efficiency. It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries.

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Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

World of Procurement blog

MAY 8, 2024

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

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Procurement Inventory control supply chain budgeting Real-time Visibility 52

World of Procurement blog

APRIL 23, 2024

The procurement of materials is a vital process in supply chain management, involving the timely acquisition of high-quality goods and services at the most economical prices from reliable suppliers. Inventory Control and Management : Properly managing the received materials to ensure they are used efficiently and effectively.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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World of Procurement blog

MAY 10, 2024

By leveraging technologies like machine learning, natural language processing, and neural networks, AI-driven solutions can help procurement teams work smarter, faster, and more efficiently. One of the biggest challenges in procurement has been gaining visibility into exactly where money is being spent across the organization.

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Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Planergy

JULY 5, 2022

How to gain visibility and control of your indirect spend. ESG In Supply Chain: Creating a Sustainable Value Chain. Ethical Sustainability & Responsibility Procurement. ESG In Supply Chain: Creating a Sustainable Value Chain We all know just how valuable the supply chain is.

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Sustainability Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 52

ivalua

MAY 6, 2021

The pandemic has accelerated this trend, with the Procurement function front and center in the fight to ensure supply chain resilience and continuity, reduce costs and protect the bottom line. According to Jones, there four key areas in which modern software will enable and empower procurement: 1) Optimize automation.

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supply chain software solutions Procurement Agile and Lean Supply Chain Supply Chain Efficiency 130

SCMDOJO

MAY 7, 2024

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

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Supply Chain Visibility Real-time Visibility e2e Supply Chain Optimization 76

Empowering CPO

JUNE 26, 2023

As a leading procurement services company specializing in spend analysis, EmpoweringCPO understands the vital role that insightful data plays in driving informed decision-making and optimizing procurement processes. These actions lead to improved negotiation power, reduced costs, and enhanced overall procurement efficiency.

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Real-time Visibility Supply Chain Efficiency Supply Chain Optimization Collaboration 40

Empowering CPO

FEBRUARY 11, 2024

At EmpoweringCPO, we understand the pivotal role it plays in optimizing the supply chain, reducing costs, and fostering long-term competitiveness. By harnessing the power of data, organizations can identify opportunities for cost optimization, risk mitigation, and process efficiency.

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Strategic sourcing Strategic sourcing Sustainability Sourcing 52

IBM Supply Chain Blog

OCTOBER 16, 2023

An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Foundation models can use language, vision and more to affect the real world. “Foundation models make deploying AI significantly more scalable, affordable and efficient.”

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Risk Management Ethics Real-time Visibility 70

Empowering CPO

JULY 3, 2023

Introduction In the complex and fast-paced business world of today, Managed Procurement Services (MPS) have emerged as a key solution for enterprises seeking to streamline their operations, improve efficiencies, and achieve cost savings. Procurement is no longer just about purchasing goods and services at the lowest cost.

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IBM Supply Chain Blog

MARCH 13, 2023

Additionally, the German Supply Chain Due Diligence Act went into effect in January 2023. ” CFOs at the helm of transformation CFOs are now responsible for transparent communication about how a company’s sustainability performance and sustainability metrics are tied to financial disclosures.

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Supply Chain Efficiency Real-time Visibility Sustainability Supply Chain Optimization 52

Supply Chain Opz

JANUARY 22, 2016

Then, executives need supply chain technology to stay ahead of the game. Markus Rosemann, Vice President for Logistics and Order Fulfillment, SAP There is a great opportunity for technology to relate massive amounts of data from sensors, telematics systems and RFID tagged items in the Supply Chain and Logistics industries.

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Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

Procurement Tactics

SEPTEMBER 13, 2022

Sustainable Supply Chain — The Ultimate Guide. The sustainable supply chain is adopted by many companies due to the increasing pressure to demonstrate greater environmental and social responsibility. However, how can companies demonstrate tier responsibility through the supply chain?

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Supply Chain Efficiency Supply Chain Optimization Sustainability Agile and Lean Supply Chain 183

Empowering CPO

MAY 31, 2023

This not only leads to improved efficiencies and cost savings but also sparks innovation and creates opportunities for growth. Effective risk management is crucial in maintaining a stable, reliable supply chain. Risks could be financial, operational, reputational, or related to compliance and regulations.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.

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Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 59

Supply Chain Trend

DECEMBER 22, 2023

Intelligent IBP effectively combines human and machine strengths with good decision practices to consistently make timely, high-quality, horizon agnostic business decisions. I think it is time to update the IBP belief sytem to be more reflective of current times, technology & ways of working, and create a modern IBP vision.

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Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Optimized supply chains lead to improved profit margins.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Optimization 40

Empowering CPO

JUNE 14, 2023

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing.

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Innovation Procurement Supply Chain Efficiency Sustainability 52

Empowering CPO

JUNE 22, 2023

It not only helps businesses to reduce costs and increase efficiency, but also strengthens supplier relationships, and enhances value creation. We will also introduce you to EmpoweringCPO’s unique spend analysis services and offerings, designed to maximize your business’s procurement efficiency and bottom line. The result?

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Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

JUNE 27, 2023

One crucial aspect of procurement is gaining insights into spending patterns and optimizing expenditures. By examining spending patterns across various categories, such as suppliers, departments, and geographies, businesses can uncover hidden opportunities for cost savings, mitigate risks, and enhance their overall procurement efficiency.

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Real-time Visibility Supply Chain Optimization Data Suppliers 40

Arkestro

AUGUST 15, 2022

Governance is concerned with all-things business ethics and compliance. ESG offers guidelines for the development of sustainable supply chain management strategies from the ground up. Regardless of the industry you operate in, the correlation between financial performance and resource efficiency is undeniable.

Strategy 52

Strategy Real-time Visibility Supply Chain Efficiency Suppliers 52

Empowering CPO

MAY 6, 2023

As global supply chains become more complex and interconnected, procurement professionals play a critical role in ensuring businesses remain competitive and resilient. Predictive analytics, for instance, allows procurement professionals to forecast demand, identify potential supply chain disruptions, and optimize inventory levels.

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Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Greater transparency: Real-time tracking of procurement activities allows for better monitoring and control of the entire process.

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Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

HICX

AUGUST 17, 2023

At the center of this paradigm is Supplier Performance Management (SPM) – a critical component of comprehensive supply chain management that has demonstrated that it is crucial in driving business success in the modern global economy. Table of Contents What is Supplier Performance Management? What is Supplier Performance Management?

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Empowering CPO

JUNE 27, 2023

It provides invaluable insights into spending patterns, supplier performance, and opportunities for cost optimization. Delving into the intricate process of spend analysis, including data collection, cleansing, and analysis techniques, along with the role of technology in enhancing efficiency.

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Procurement Supply Chain Optimization Real-time Visibility Procurement strategies 52

Empowering CPO

JUNE 27, 2023

A robust spend analysis provides a comprehensive view of your company’s expenditures, helping you identify savings opportunities, enhance efficiency, and ultimately, fuel business growth. This is where the real magic happens. It’s not just about cost-cutting—it’s about cost optimization and strategic decision-making.

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IBM Supply Chain Blog

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. But the implementation of AI is only one piece of the puzzle.

Data 76

Data Real-time Visibility Ethics Sourcing 76

Empowering CPO

JUNE 25, 2023

Understanding Procurement and its Business Significance At the heart of every thriving business is an effective and efficient procurement process. As such, procurement plays a critical role in a company’s operational efficiency, financial performance, and overall competitiveness. Introduction A.

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Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 16, 2023

Last year, as life sciences organizations were consumed by the recovery from COVID-19, their focus had to shift rapidly to mitigating supply chain constraints, labor and skill shortages, and by the end of the year, inflationary pressures—all of which were exacerbated by the Russia-Ukraine war.

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