IBM Supply Chain Blog

FEBRUARY 28, 2024

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Sourcing 103

Sourcing Strategy Supply Chain Efficiency e2e 103

Procurement Tactics

JULY 20, 2023

Defining Supplier Order Management Before diving into the software itself, let’s first understand what is Supplier Order Management. Supplier order management refers to the activities involved in placing and tracking orders with suppliers. This automation saves time and effort, making the procurement process more efficient.

supply chain software solutions 134

supply chain software solutions Suppliers Management Real-time Visibility 134

SCMDOJO

MAY 20, 2024

Traditional supply chain solutions once included strict protocols for manufacturing expectations and a priority on quantity over quality. Modern influences on supply chains today include more product visibility, better customer understanding, and fast shipment speeds.

Supply Chain Efficiency 63

Supply Chain Efficiency Supply chain Influencing Supply chain management 63

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. Purchase : The execution of the purchase order.

Procurement 52

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. Purchase : The execution of the purchase order.

Procurement 52

Procurement Inventory control supply chain budgeting Real-time Visibility 52

Supply Chain Game Changer

NOVEMBER 14, 2018

A new article in Harvard Business Review has been generating some automation-related controversy in the Supply Chain Community, as well as lots of buzz and interesting conversation. Titled, “ The Death of Supply Chain Management ,” the article discusses the way that automation, AI and big data are transforming the industry.

Supply chain management 86

Supply chain management Supply chain management Supply Chain Optimization Supply chain 86

SCMDOJO

DECEMBER 28, 2023

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.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain software solutions 75

SCMDOJO

APRIL 4, 2023

Key Takeaways What is Supply Chain Analytics? What is the Difference Between Supply Chain Analytics and Supply Chain Management? Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? It is an essential element of supply chain management.

Supply Chain Analytics 111

Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 111

Supply Chain Game Changer

OCTOBER 24, 2022

Subscribe to Supply Chain Game Changer. The Bullwhip Effect is a pretty popular phenomenon and conversational topic in supply chain management. ERP systems are used by businesses to automate many processes and allow companies to keep track of inventory and orders. Planning and purchasing.

Real-time Visibility 76

Real-time Visibility supply chain budgeting supply chain software solutions Inventory 76

Una

JANUARY 17, 2023

Spare a thought for supply chain managers during the Age of Sail. That is why the most important gains in supply chain technology have been in the area of visibility. IoT technology is being used to increase visibility and control in the supply chain by connecting physical assets to the internet.

Supply Chain Efficiency 98

Supply Chain Efficiency Supply Chain Optimization Supply chain Real-time Visibility 98

NLPA (Next Level Purchasing Association)

APRIL 24, 2024

A report by the Dubai Chamber of Commerce and Industry states that digitizing procurement processes can reduce processing times by up to 60%. Simplified Auditing : Auditing procurement activities can be tedious and time-consuming. Cashless procurement systems automate these tasks, streamlining the entire workflow.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

World of Procurement blog

APRIL 23, 2024

Electronic Procurement (e-Procurement) Systems Electronic procurement platforms streamline the purchasing process by allowing businesses to automate operations such as order placement, invoicing, and payment processing. This technology significantly reduces manual work, minimizes errors, and speeds up transaction times.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 52

Claritum

JANUARY 25, 2019

However, Supply Chain Management technology is beginning to catch on with SMEs, largely because of the significant cost control benefits and the increasing emphasis on control of supply chains and the internationalisation of these supply chains. Reduced inventory-carrying costs.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

SCMDOJO

AUGUST 16, 2023

[Read More: Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth ] Walmart’s Supply Chain: Integrated Supply Chain Success Data-Driven Success Factors In the realm of modern supply chain management, data-driven strategies play a pivotal role in enhancing a company’s competitiveness.

Supply Chain Efficiency 75

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Supply chain 75

Procurement Tactics

JUNE 6, 2023

The Importance of Forecasting Your Inventory Imagine you are the owner of a bustling retail store, offering a wide range of products that customers love. Your goal is to keep your shelves stocked with the right amount of inventory at all times. Trend Forecasting Trends represent changes in product demand over time.

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Una

AUGUST 2, 2022

Take B2B services purchasing as an example. Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Benefits of Cloud-Based Supply Chain Management. Do you have questions about group purchasing? Contract monitoring.

Procurement 98

Procurement Supply Chain Efficiency Real-time Visibility supply chain budgeting 98

Orderhive

DECEMBER 13, 2022

This myriad of ways customers can choose to make purchases used to present problems for sellers. It was difficult to coordinate older inventory management systems with all channels, and if several warehouses and traditional shops were involved, the roadblocks to filling customer orders were compounded. Reduced costs.

Real-time Visibility 59

Real-time Visibility Management Inventory Supply Chain Efficiency 59

Procurify

MAY 26, 2022

In general, organizations have two methods that they can use to manage their supply chain : lean or agile supply chain management. . Let’s take a look at each of these supply chain management methods. . What is a lean supply chain? Tips for a lean supply chain.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 52

TYA Suite

MAY 14, 2023

Inventory management or inventory control is the process of monitoring the warehouse of a business to ensure that the stock is being used at the optimum level and is managed well. Automation eliminates human error, saves time, and decreases the probability of mistakes.

Inventory 52

Inventory Real-time Visibility Management Supply Chain Efficiency 52

ivalua

JUNE 29, 2020

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.

Agile and Lean Supply Chain 219

Agile and Lean Supply Chain Supply Chain Optimization Supply Chain Efficiency Supply chain 219

Let's Talk Supply Chain

MARCH 30, 2023

Electronic Data Interchange (EDI) was introduced in the 1960’s to allow businesses to communicate key business transactions such as purchase orders, advanced shipping notices, and invoices electronically instead of via paper providing fewer errors and more efficiencies.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain software solutions Supply Chain Efficiency Supply chain 98

Supply Chain Collaborator

MARCH 16, 2020

Coming at a time when the pandemic is depressing global consumption of oil thanks to plummeting travel plans and shelter in place orders, it seems counter intuitive that demand to move oil would be at record high volumes. By Furnishing Upstream and Downstream Visibility to More Effectively Coordinate with all Facets of the Supply Chain.

supply chain software solutions 108

supply chain software solutions Supply chain Freight Audit Real-time Visibility 108

SCMDOJO

MAY 6, 2022

The growth of coding capabilities and accessible resources can help several firms consolidate data sources and create real-time visibility throughout the end-to-end supply chain using no-code development platforms. The benefits include cost savings and a quick turnaround time from development to implementation.

supply chain software solutions 110

supply chain software solutions Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 110

Planergy

AUGUST 21, 2023

Other Ways To Improve Cash Flow Improving Accounts Payable Management Improves Cash Flow Even though accounts payable is an expense your company incurs when purchasing goods or services on credit, properly managing accounts payable can result in a long list of benefits for your business, including increasing your cash flow, if you plan carefully.

Real-time Visibility 52

Real-time Visibility Purchasing supply chain software solutions Spend management 52

Supply Chain Game Changer

OCTOBER 14, 2022

Here are all the ways in which implementing steps to improve Supply Chain helps your business evolve and grow. The time-to-consumer indicator is one of the main ways your company’s efficiency is measured. As such, the less time it takes goods to reach the client, the more efficient the material flow. Seamless flow.

Supply Chain Efficiency 99

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Supply chain 99

NLPA (Next Level Purchasing Association)

DECEMBER 14, 2022

Flawed or outdated Technology and Equipment that limits visibility. The Next Level Purchasing Body of Knowledge underpins, integrates and enhances the essential components of Supply Chain Management in simple how-to-do steps. For example, Delivery Lead Time is measured in conjunction with Picking Accuracy.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply chain 52

Supply Chain Game Changer

JULY 21, 2021

In supply chain, simply observing your entire supply chain in action to assess it is not possible, but with data and a reliable performance management system like The Owl, you can at-least have a real-time view of your supply chain performance through KPIs and metrics. OTIF (Service).

Supply Chain KPIs 98

Supply Chain KPIs supply chain budgeting Supply Chain Efficiency supply chain software solutions 98

Supply Chain Game Changer

MARCH 16, 2021

When the end consumer used a coffee pod the specifics of that actual, real time consumption would be tracked electronically. By amassing real time consumption data across all end consumers with these smart coffee makers our customer could see real time demand patterns across their entire market.

supply chain software solutions 100

supply chain software solutions supply chain budgeting Supply Chain Optimization Supply Chain Efficiency 100

Claritum

FEBRUARY 14, 2019

Gaining Visibility and Control. There are unique challenges and opportunities presented by complex, frequently ordered categories of Indirect expenditure, such as marketing services, print, packaging, uniforms & apparel, office supplies and related products and services. Short purchasing cycles. Short purchasing cycles.

Real-time Visibility 36

Real-time Visibility Spend management Management Eprocurement 36

Una

APRIL 11, 2023

The ERP “one source” database contains all the information needed to run the business, as well as various modules that correspond to different business functions, such as finance, manufacturing, human resources, customer relationship management, and procurement. Customization : ERPs are not off-the-shelf products.

supply chain software solutions 98

supply chain software solutions Real-time Visibility Supply Chain Efficiency Raw materials 98

Supply Chain Game Changer

JANUARY 19, 2022

The supply chain is a significant part of your overall business strategy and inventory management. An effective and efficient supply chain can help your business improve customer satisfaction and money by minimizing wait times for in-demand products. Reliability. Great suppliers are reliable.

Supply Chain Efficiency 109

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Strategy 109

SCMDOJO

JUNE 6, 2023

Data analytics plays a central role in inventory optimization. It provides real-time visibility into stock levels, lead times, and demand patterns. Businesses can make precise forecast demand, identify obsolete inventory, and can use data analytics to make smart decisions about stock allocation and replenishment.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

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

Supply Chain Game Changer

DECEMBER 9, 2020

If your business is small, separate applications can be purchased to piecemeal the jobs usually done in an ERP’s modules. Over time (and as your business grows), however, the sheer number of subscriptions and transactions each month can get overwhelming. Looking at the strengths, an ERP is well-suited for inventory management.

Inventory 98

Inventory supply chain software solutions Management Supply Chain Optimization 98

Arkestro

MARCH 27, 2024

Procurement Buyer Job Description A procurement buyer, also known as a procurement specialist or purchasing agent, is the person responsible for acquiring an organization’s essential goods and services. You can unsubscribe at any time. Subscribe to news from Arkestro. No spam, just relevant procurement news and tips.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Imagining the Supply Chain of the Future! Mike Mortson was recently interviewed by Oracle as a part of their Global Supply Chain Influencer program. This article was posted on Oracle’s Supply Chain Management blog. You would measure lead time in days or even weeks.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 59