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Responding in real time to changing market dynamics

IBM Supply Chain Blog

In IDC’s 2022 Global Supply Chain Survey , they identified that “lack of visibility and resiliency to see necessary changes in time to react effectively” was the most problematic and unaddressed deficiency in modern supply chain management and inventory optimization.

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Event-driven architecture (EDA) enables a business to become more aware of everything that’s happening, as it’s happening 

IBM Supply Chain Blog

In modern enterprises, where operations leave a massive digital footprint, business events allow companies to become more adaptable and able to recognize and respond to opportunities or threats as they occur. Becoming a real-time enterprise Businesses often go on a journey that traverses several stages of maturity when they establish an EDA.

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Why Do We Need Supply Chain Visibility?

Una

Why Do We Need Supply Chain Visibility? Supply chain visibility is a critical factor for organizations aiming to mitigate risks, optimize processes, and capitalize on opportunities. But why does achieving comprehensive visibility remain a pressing challenge for so many businesses? Why is visibility so important?

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Obstacles to Multi-Tier Supply Chain Visibility!

Supply Chain Game Changer

Supply Chain Visibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility. Visibility comes at a cost – one we’ve spoken about before: trust.

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LogiChem Announces Speaker Lineup and Agenda for World’s Leading Chemical Supply Chain Event

Supply Chain Brain

Lastly, harness the power of master data integration throughout the supply chain, granting real-time visibility and risk mitigation, ensuring that business sails smoothly through turbulent waters. Secondly, recalibrate digitalization strategy, prioritizing cost-effective solutions for maximal business impact.

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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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How generative AI will revolutionize supply chain 

IBM Supply Chain Blog

For example, combining generative AI with technologies such as blockchain helps to keep data about the material-to-product transformation unchangeable across different entities, providing clear visibility into products’ origin and carbon footprint.