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How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.

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Thought leader: How to get early supplier involvement right

Procurement Leaders

Part of the explanation was the then famous ‘Toyota Production System’, an approach to organising manufacturing and logistics efficiently and without waste. Moreover, Toyota, in particular, had set up ingenious systems for collaborative product development by delegating tasks to its closely connected suppliers – its supplier keiretsu.

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Using generative AI to accelerate product innovation

IBM Supply Chain Blog

Generative artificial intelligence (GenAI) can be a powerful tool for driving product innovation, if used in the right ways. We’ll discuss select high-impact product use cases that demonstrate the potential of AI to revolutionize the way we develop, market and deliver products to customers.

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CPO Crunch: What does the future hold?

Procurement Leaders

It’s a fascinating blueprint for how procurement is being viewed as a catalyst for sustainability – supporting the strategic involvement of suppliers in product development while embedding ESG across core business, and I’ll be watching developments with interest.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

You'll also find out how the transformative power of synergies and collaborative innovations in product development can help companies cut down costs significantly. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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How to Create Successful and Innovative Products!

Supply Chain Game Changer

5 Things Startups Must Know Before Launching a Minimum Viable Product (MVP)! Product innovation is at the center of many success stories. Every product that exists now, or that existed before, was once an innovation. The most notable innovative products of late have been mostly technological.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury. Introduction A. Understanding Procurement A.