article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

article thumbnail

Thought leader: How to get early supplier involvement right

Procurement Leaders

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. Part of the explanation was the then famous ‘Toyota Production System’, an approach to organising manufacturing and logistics efficiently and without waste.

Suppliers 130
professionals

Sign Up for our Newsletter

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

article thumbnail

Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. The complexity of the e-commerce landscape is compounded by the presence of multiple sales channels, posing challenges to efficient management.

article thumbnail

Supplier Collaboration Software — What You Should Know

Procurement Tactics

Supplier collaboration goes beyond traditional buyer-supplier relationships by promoting cooperation, transparency, and innovation throughout the supply chain. Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience.

article thumbnail

Business process reengineering (BPR) examples

IBM Supply Chain Blog

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This can lead to can significant improvements in efficiency, accuracy and scalability and enable the organization to operate more effectively.

article thumbnail

How to Effectively Mitigate Supply Chain Risk in the Manufacturing Sector

Zycus Cognitive Procurement

Broken supply chains, unavailability of heavy goods vehicle (HGV) drivers and production stoppages had a negative impact. It made several manufacturers realize the need to focus on Risk Mitigation strategies to re-imagine their supply chains. Supply Chain Risk Assessment – Ground Reality.

article thumbnail

Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Production Lead Time: Encompassing manufacturing, quality control, assembly, and related processes. Improved efficiency in production processes and resource utilization.