IBM Supply Chain Blog

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Strategic planning Integrated Business Planning starts with strategic planning.

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supply chain software solutions Real-time Visibility Agile and Lean Supply Chain Supply Chain Optimization 80

World of Procurement blog

APRIL 23, 2024

Businesses leverage procurement technology for: Automating Manual Processes: From issuing purchase orders to processing invoices, automation reduces errors and saves time. Spend Visibility: Advanced analytics offer deeper insights into spending patterns, helping companies make informed choices.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

IBM Supply Chain Blog

FEBRUARY 1, 2024

For example, in the US, the 2023-2025 CISA Cybersecurity Strategic Plan aims to increase basic-level cyber skills across the country, transform cyber education and boost the cyber workforce. Filling these vacancies has become a security imperative, and several global compliance mandates have been established to tackle the issue.

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Real-time Visibility Strategic planning Risk Data 91

SCMDOJO

APRIL 4, 2023

When it comes to managing a supply chain, having access to real-time data can be a game-changer. By providing visibility into every aspect of the supply chain, companies can identify bottlenecks, reduce waste, and minimize delays. This can result in faster delivery times and improved customer satisfaction.

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Supply Chain Analytics Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 110

Procurement Tactics

MARCH 27, 2023

Although it always relates to demand and sales projections, forecasting can also be used to determine product pricing, lead times, labor needs, and more. The integration of AI into forecasting improves accuracy, saves more money, and helps businesses react to exceptions in real-time.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 192

IBM Supply Chain Blog

JUNE 29, 2023

To be successful, businesses need to have clear, real-time visibility into the condition of their assets and a plan to keep them running smoothly and make repairs quickly when things break. First, availability measures the operational capacity of an asset over time. How does asset reliability work?

Real-time Visibility 84

Real-time Visibility Management Strategy Data 84

Planergy

SEPTEMBER 5, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process.

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supply chain budgeting Budget Real-time Visibility Spend management 92

Empowering CPO

JUNE 27, 2023

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

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

Skill Dynamics

OCTOBER 19, 2023

For example, advanced strategic planning skills are relevant to procurement managers, while data analysis proficiency is associated with sourcing analyst roles. Their main objective is to ensure that supplier contracts align with the business’s objectives and protect its interests at all times.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. They also make strategic decisions that optimize value and minimize costs, all while mitigating risk and staying compliant. Bureau of Labor Statistics.

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Arkestro

MAY 30, 2022

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. Failure resulted in highly visible shortages, public scrutiny, and loss of life. The stakes couldn’t be higher. .

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

Empowering CPO

JUNE 27, 2023

This is where the real magic happens. It’s not just about cost-cutting—it’s about cost optimization and strategic decision-making. It provides the visibility needed to manage and control spending, identify savings opportunities, enhance supplier management, improve compliance, and increase procurement efficiency.

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Real-time Visibility Supply Chain Optimization Purchase orders Supply Chain Efficiency 52

Supply Chain Game Changer

SEPTEMBER 17, 2019

Most supply chain leaders recognize that it’s an incredibly exciting time to be working in the field. Today’s supply chain really touches every aspect of running a business—from strategic planning , to logistics and inventory , to sales and store operations. You would measure lead time in days or even weeks.

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

EazyStock

JANUARY 6, 2023

As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs. While one piece of software won’t bring you complete visibility, you can implement different solutions based on business needs.

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supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

EazyStock

JANUARY 6, 2023

As costs increase with inflation at its highest in over 40 years, now is the time to review your current situation to understand where you can improve efficiency or reduce costs. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios.

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supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 52

Planergy

DECEMBER 12, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Even using last year’s data to support the current year for your current budget may lead you astray without close monitoring, as factors change over time.

Budget 52

Budget Strategic planning Real-time Visibility Purchasing 52

Pipefy

JULY 12, 2023

Back office operations ensure that businesses deliver goods and services accurately and on time. Inventory management Inventory management is the ordering, storage, organization, and movement of inventory through an organization’s supply chain, and includes replenishing supplies of products and materials.

Supply Chain Efficiency 52

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

Supply Chain Trend

AUGUST 13, 2020

The importance of these drivers depends on the planning horizons, from the shortest – the Execution Horizon and Sales and Operations Execution – through Integrated Business Planning to the longest horizons of Strategic Planning and Visioning. Doing so frees up time for executives to focus on the bigger picture. .

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

Una

SEPTEMBER 22, 2022

It’s impossible to have the most current or newest application implemented at all times. Lack of visibility into spend and contract data also contribute to the difficulty of managing IT spend. Stay aware of other major strategic plans in the business that will impact IT procurement or asset management. Look Beyond Cost.

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Procurement Real-time Visibility Contract Purchasing 98

Procurify

JUNE 8, 2022

This way, organizations can spend more time with fewer suppliers. . Supply base optimization requires a strategic plan so you can reduce the number of suppliers you currently have, and spend more time with the ones who are adding value to your organization. Current inventory. Here’s how you can get started: .

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

Planergy

SEPTEMBER 6, 2023

How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What is Strategic Budgeting? How to report and analyze indirect spend to identify savings opportunities.

Budget 52

Budget Real-time Visibility Innovation Data 52

Pipefy

AUGUST 1, 2023

This operations overview, or process visibility , can reveal common areas of waste and bottlenecks that cost companies millions in time and revenue each year. An operations strategy is a deliberate, company-wide plan that drives the production and distribution of goods and services.

Strategy 52

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

Empowering CPO

JUNE 30, 2023

It can result in stock-outs or overstock, poor quality control, and longer lead times. This centralization leads to improved visibility across the procurement process, allowing companies to monitor and control their spend more effectively. But how exactly do these services contribute to supply chain optimization?

Supply Chain Optimization 52

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

Supply Chain Game Changer

NOVEMBER 12, 2018

One of the main problems in a functionally organized company is that those functions over time can become isolated from each other. Organization lines and boxes on a piece of paper become actual boundaries and barriers to teamwork and productivity in real life. How many parts of your company act as independent silos?

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Supply Chain Efficiency Supply chain Real-time Visibility e2e 43

Empowering CPO

JULY 3, 2023

These methods often involve manual, time-consuming processes, a lack of transparency in supplier relationships, and difficulty in managing and analyzing large volumes of procurement data. This not only saves time and resources but also allows our clients to focus on their core business activities.

Innovation 52

Innovation Strategy Procurement Management 52

Empowering CPO

JUNE 27, 2023

Improved Supplier Management: By analyzing spend data, organizations gain visibility into their supplier relationships and performance. Enhanced Decision-Making: Spend analysis empowers decision-makers with accurate and timely information. Timely and current data is vital for proactive decision-making and effective spend management.

Real-time Visibility 40

Real-time Visibility Data Quality Supply Chain Optimization 40

ivalua

JANUARY 12, 2023

To avoid this pitfall, it is necessary for public procurement teams to routinely review the entire process and challenge steps to ensure that requirements are necessary to meet rules or requirements and/or deliver real value. . It is vital that public procurement teams develop a data insight strategy to gain visibility into their operations.

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Strategy Real-time Visibility Procurement Procurement team 130

Empowering CPO

JUNE 21, 2023

It provides visibility into supplier performance and compliance, thereby mitigating risk. Let’s illustrate this with a real-life example. At EmpoweringCPO, our data analysts are adept at digging deep into the data to uncover the actionable insights that make a real difference.

Procurement 40

Procurement Data Sustainability Negotiation 40

Empowering CPO

MAY 31, 2023

It’s the concerted effort of strategically planning and managing all interactions with suppliers that supply any goods and/or services to an organization. Real-life Examples of Successful Supplier Collaborations: ASML, a lithography-equipment manufacturer, operates a value-sharing mechanism with its suppliers.

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Supplier relationship management Collaboration Suppliers Supply Chain Efficiency 52

IBM Supply Chain Blog

JULY 5, 2023

From a wastewater treatment plant that an entire city depends on to a smaller-sized transportation company expected to provide timely deliveries, businesses of all sizes rely on the assets and equipment they own to create value every day. Utilization This phase is critical to maximizing asset performance over time and extending its lifespan.

Strategy 55

Strategy Real-time Visibility Management Data 55

Supply Chain Game Changer

NOVEMBER 17, 2022

But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one. Consider the following real-life applications of how modern businesses employ advanced analytical solutions to navigate the daily challenges of supply chain logistics. Visual Analytics.

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Supply Chain Optimization Supply Chain Efficiency Supply chain Route optimization 92

IBM Supply Chain Blog

JANUARY 30, 2024

times the value derived from a single-platform, single-cloud vendor approach. Data silos cause visibility issues and can negatively impact data analytics by preventing teams from sharing a holistic view of consolidated data to collaborate and make business decisions. What are the challenges of multicloud?

Strategy 98

Strategy Real-time Visibility Data Risk 98

Supply Chain Game Changer

APRIL 16, 2019

There was no indication that there was a problem with cash flow at that time. The strain and drain on cash was real, imminent, and alarming. Given that the Supply Chain team negotiates terms, conditions, and parameters with suppliers, and manages inventory, they are impacting cash flow in dramatic ways. Solving the Case!

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Inventory 51

Supply Chain Game Changer

NOVEMBER 19, 2018

Recent projects include the digital transformation of a worldwide service and repair parts program; enabling an OEM’s end-to-end supply chain visibility of outsourced manufacturers, assemblers, distribution hubs and 3PL’s; and forming a B2B business development capability for a successful B2C eCommerce company. Today, it’s more complex.

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Leadership supply chain software solutions Bill of materials Real-time Visibility 42