IBM Supply Chain Blog

MAY 10, 2024

However, managing multiple GPUs on-premises can create a large demand on internal resources and be incredibly costly to scale. FPGAs vs. GPUs The choice of hardware significantly influences the efficiency, speed and scalability of deep learning applications. FPGA programming and reprogramming can potentially delay deployments.

Networking 99

Networking Demand Data Influencing 99

The Thomas Blog

MARCH 21, 2024

Lead scoring is a strategy used to rank prospects according to their potential to become customers. It involves assigning numerical scores to each lead based on various attributes, including: demographic information, engagement with the brand's digital presence, and other behaviors indicative of their interest. What Is Lead Scoring?

Data 98

Data Purchasing Strategy Quality 98

Arkestro

APRIL 23, 2024

Unfortunately, different stakeholders may use the same UOM to express different values, which can lead to varying cost expectations. This can lead to problems with cost benchmarking, demand forecasting, and more. This can lead to problems with cost benchmarking, demand forecasting, and more.

Procurement 52

Procurement Procurement team Quality Demand Planning 52

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles. Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Una

MAY 7, 2024

Cost Savings vs. Cost Avoidance Focusing Beyond Cost in Procurement How to Protect Against Price Hikes and Product Shortages in Procurement Fair and reasonable pricing Suppliers need to make a profit, too. Lack of Supplier Collaboration: Not involving suppliers in the analysis process can lead to incomplete or biased results.

Procurement 52

Procurement Price Negotiation Supply Chain Efficiency 52

Una

FEBRUARY 20, 2023

Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well. Implementing a Just-in-Time supply chain keeps your warehousing lean and at just the right level to meet demand. After the COVID-19 pandemic, however, many organizations are exploring a “ Just-in-Case ” model.

Procurement strategies 98

Procurement strategies Strategy Procurement Agile and Lean Supply Chain 98

SCMDOJO

FEBRUARY 13, 2023

A strong procurement department not only secures the best deals but also cultivates lasting relationships with suppliers, maintains open communication about changes in material needs, and plans for seasonal demands. Leading procurement negotiations and agreeing to service levels and contracts with suppliers.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Una

MARCH 16, 2023

With plenty of warning, the sourcing team could have taken a more holistic view of value, analyzed vehicle demand, dug into historical spend data, examined total cost of ownership, and moved the conversation beyond cost to align with other company goal such as sustainability or social outcomes. Tip: Need a quick win in terms of cost savings?

Influencing 105

Influencing Procurement Cost of ownership Supplier relationship management 105

IBM Supply Chain Blog

AUGUST 14, 2023

Failure to do so can result in unforeseen costs and performance issues that can lead to downtime, poor end-user experiences and blown IT budgets. Life and shift vs. optimized migration planning When migrating to AWS from your on-premises environment, organizations must first decide what migration strategy they would like to employ.

Price 63

Price Strategy Budget Negotiation 63

Planergy

SEPTEMBER 5, 2023

This can be time-consuming and error-prone, leading to inaccuracies in financial forecasting. By using modern budgeting software, businesses can dramatically reduce the time and effort required to generate accurate budgets. No matter what your budget looks like, set aside some funds to account for unexpected expenses or overages.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Supply Chain Trend

AUGUST 13, 2020

In this article, Niels argues that these technological advances can lead to either (a) planning-process and decision automation or (b) planning and decision augmentation. But while automation will continue, it will not necessarily lead to better outcomes. The shorter the planning horizon, the more data that is being generated.

supply chain software solutions 147

supply chain software solutions Supply Chain Optimization supply chain budgeting Supply chain 147

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Top 5 SxM tech capabilities What’s the state of the procurement technologies in the market today and do they meet user demands? Actuals are measured against targets, and deviations can generate alerts.

Suppliers 81

Suppliers Collaboration Buyers Supply Chain Optimization 81

Procurement Software

NOVEMBER 21, 2022

These help teams to manage the attribution of marketing efforts, plan their campaigns and content, and track marketing generated leads. Procuretech vs. martech and salestech. BT also launched BT Sourced in 2021 in a similar effort, aiming to be a world-leading procurement services subsidiary of the global telecoms giant.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

The Network Effect

DECEMBER 5, 2014

Today‘s supply chains are undergoing significant pressures to become more “demand-driven”. Is it producing and making goods available to forecasts of expected consumer demand, or by reacting to what consumers have already bought? Pull systems use demand data to drive both replenishment and production. What is a push system?

supply chain software solutions 70

supply chain software solutions Supply chain Inventory Supply 70

The Thomas Blog

JANUARY 31, 2024

Demand generation and demand capture are distinct but equally valuable approaches to marketing. Demand generation is geared towards building awareness and interest among a broad audience. KPIs for demand generation range across metrics like: website traffic, social media engagement, email sign-ups, and brand reach.

Demand 52

Demand Influencing Strategy Bidding 52

NLPA (Next Level Purchasing Association)

MARCH 24, 2022

Usually, these countries with high-income taxes lead companies to undervalue exports to move profit out of the exporting country. In logistics, they provide various services, from arranging sea or air transport to generating shipping documentation. SPSM vs. CPO Suite. Purchasing Training Demand. . Recommended Reading.

Logistics 52

Logistics Export Buyers Raw materials 52

Supply Chain Trend

DECEMBER 22, 2023

Founding Principle 3 : Intelligent IBP seeks a full symbiosis between human and machine to make decisions; however, the human will always be leading. Planning parameters (like a lead time, safety stock, etc) can be maintained continuous and become probabilistic in nature. Master data maintenance can be highly automated.

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78

Supply Chain Game Changer

SEPTEMBER 30, 2022

Made in America vs. Assembled in America – Defining Terms! The demand for labor significantly rose, which led to an increase in its cost. By 1860, the leading sectors of the economy had moved to factory-type production. This generated additional income for the landowners. Subscribe Here! Email Address.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Export Supply chain Influencing 92

EazyStock

MARCH 26, 2018

This means you need to calculate desired levels of each and every product, enter the values into the ERP and then keep track and update them when something in the demand pattern changes. Demand type classification. Every product has a lifecycle with a demand pattern that changes over time. Demand type classification.

Inventory 72

Inventory Management Demand Purchasing 72

Slimstock

JULY 3, 2019

Specifically, how much of an item you’ll need to meet customer demand. Monthly forecasts work best for most products because they tend to generate lower forecast errors. Monthly timeframes more reliably allow general tendencies to develop and be represented in your order data. Which forecasting method is best for your business?

Inventory 40

Inventory Data Demand Quantity 40

Empowering CPO

JUNE 27, 2023

This leads to significant cost savings and improved operational efficiency. Machine learning algorithms and data validation techniques can identify and rectify data inconsistencies, duplicates, and anomalies, leading to more reliable spend analysis outcomes.

Real-time Visibility 40

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

Planergy

JANUARY 19, 2024

Common factors include cost-effectiveness, quality of goods or services, delivery lead times, customer service, regulatory compliance, flexibility, technical expertise, and the supplier’s financial stability. Capability: Determine if the vendor has the capacity to meet your business’s demands.

Vendor management 52

Vendor management Suppliers Quality Supply Chain Efficiency 52

Una

OCTOBER 9, 2023

Benefits of Strategic Sourcing Here are some compelling reasons you should consider implementing a strategic sourcing process: Cost Reduction Strategic sourcing, by optimizing supplier selection and negotiations, can lead to significant cost savings. Explore factors like supply and demand, pricing trends, and market competition.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Spend Matters

JUNE 19, 2023

This Spend Matters series takes a look at the state of procurement technologies in the market today and whether they meet user demands. Top 5 Supplier SxM with Enhanced Risk tech capabilities What’s the state of different procurement technologies in the market today and do they meet user demands?

Risk 70

Risk Risk management Suppliers Supply Chain Optimization 70

Pipefy

JUNE 14, 2023

Spend analysis in procurement provides teams with actionable insights and improvements to optimize existing procurement processes, reduce costs, increase efficiency, generate bottom-line business value, and grow competitive advantages. This data is usually grouped into categories and subcategories.

Real-time Visibility 52

Real-time Visibility e2e Procurement team Contract 52

IBM Supply Chain Blog

DECEMBER 1, 2023

Hybrid cloud vs. multicloud Hybrid cloud is frequently confused with multicloud , which refers to using cloud services from more than one cloud vendor. To that end, a hybrid cloud—or hybrid multicloud—strategy allows organizations to customize solutions to meet their specific technical demands and business needs.

Agile and Lean Supply Chain 90

Agile and Lean Supply Chain supply chain software solutions Data Networking 90

Pipefy

SEPTEMBER 22, 2023

OI is the analysis of data collected or generated in real time by an organization’s IT infrastructure. Operational intelligence vs. business intelligence Business leaders must clearly understand the differences between OI and business intelligence (BI) to contextualize these processes and take action on the insights they provide.

Real-time Visibility 52

Real-time Visibility Data Quality Supply Chain Efficiency 52

SCMDOJO

MARCH 25, 2022

Retailing and marketing have become part of modern management practice (Chandler, 1977) and have been important factors in the wealth generation. Besides, it is obvious that there is absolutely nothing wrong with controversy when it leads to better understanding, better organization or better operations (Hesse, M.

Supply Chain Efficiency 132

Supply Chain Efficiency Agile and Lean Supply Chain Logistics Supply Chain Optimization 132

Supply Chain Trend

OCTOBER 29, 2021

At about the same time that Wave 2 was gaining momentum, we saw publication of the book Enterprise Sales & Operations Planning: Synchronizing Demand, Supply and Resources for Peak Performance (Palmatier and Crum, 2002). New Product Review, a Demand Review, a Supply Review, and a Management Business Review. Sequential process steps.

Supply Chain Optimization 78

Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 78

Pipefy

AUGUST 1, 2023

For most businesses, it comes in the form of supply and demand; sudden or extreme changes can have dire consequences. Multi-use parts, multi-functional machines, and the operational cross-training of employees, can save costs and jobs when demands shift or regulations change. Could you make more if demand increased?

Strategy 52

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

Supply Chain Game Changer

NOVEMBER 17, 2018

You can also sell this small amount on Amazon as a “test run” to get a feel for just how in demand it is. For example, if it sells out within a day or two, it’s high demand. If you are seller fulfilled vs. FBA they will hold onto your money for a while longer in case of returns. Order UPC Codes. Chapter 2: Getting Set Up.

Export 43

Export Price Real-time Visibility Supply Chain Optimization 43

Supply Chain Action Blog

JULY 8, 2021

Imagine that Amanda (a completely imaginary person) is a demand planner at Kool Komfort Foods ( a completely imaginary company , also branded as K2), a nationwide producer of healthy comfort foods. After taking a couple of on-line courses and getting an APICS certification, she seized on the opportunity to be a junior demand planner at K2.

Demand Planning 40

Demand Planning Demand Supply Chain Optimization Agile and Lean Supply Chain 40

Pipefy

FEBRUARY 13, 2023

Source-to-pay process vs. procure-to-pay process comparison ( click here to enlarge ) Learn more about the difference between source-to-pay and procure-to-pay. Demand or need established Whether it’s a purchase request or forecasted demand, a need for a product, good, or service is required In order to begin sourcing.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Pipefy

JULY 31, 2023

These business processes don’t directly generate revenue for the organization, but they make up many of the organization’s administrative functions essential to its daily operations. The architecture is generally inefficient, since each department has its own data silo. What is back-office automation?

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

Pipefy

JANUARY 31, 2023

L Lead time Lead time is a fundamental metric used across many industries. Establishing and meeting lead times is crucial for any business; after all, the reason businesses exist is to deliver products to customers in a timely manner. Learn more about RFI vs RFP vs RFQ.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Pipefy

AUGUST 31, 2023

Build better processes with the Definitive Guide to Process Automation Download now Process excellence vs. operational excellence While both disciplines aim to produce excellence, process and operational excellence differ in their scope. But that’s not quite true. Process excellence zeros in on a single process or workflow.

Quality 52

Quality Strategy Purchasing Import 52

Pipefy

SEPTEMBER 25, 2023

According to a June 2023 McKinsey report , generative AI has the potential to add $400-$660 billion annually to the retail and consumer packaged goods industry alone. When those silos already exist, however, a newly implemented iBPM tool can exacerbate them and lead to communication breakdowns with other departments.

Management 52

Management Real-time Visibility Data Collaboration 52