IBM Supply Chain Blog

FEBRUARY 28, 2024

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

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Supply Chain Game Changer

MAY 23, 2022

Subscribe to Supply Chain Game Changer. Why is Supply Chain Management Important? A company’s supply chain usually comprises all the operations between sourcing raw materials and delivering the product to customers. We will now look more into the benefits of KM in supply chain management.

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SCMDOJO

APRIL 27, 2022

Managing the flow of goods within the apparel industry requires an extensive and well-established supply chain network. Since this particular industry is insanely fast-paced, any problem within the supply chain can lead to a loss of sales for the business. Stages of Operations in an Apparel Business. Conclusion.

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ProcurePort

APRIL 7, 2021

What is direct sourcing in recruiting and how does it affect your procurement efforts? When it comes to purchasing and supply chain management, sourcing plays a pivotal role. Sourcing is a key component of procurement. There are two types of sourcing […]. appeared first on ProcurePort Blog.

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HICX

FEBRUARY 15, 2024

To cut costs over the last decade, organizations opted for leaner supply chains, resulting in issues during the COVID-19 pandemic, with supply chains collapsing due to volatility and companies unable to remain operational and fulfill orders.

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Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

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ivalua

AUGUST 11, 2021

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. provide source]. Is it to protect the company’s brand?

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IBM Supply Chain Blog

FEBRUARY 13, 2024

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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SupplyShift

JANUARY 6, 2023

California’s SB54 , the Plastic Pollution Prevention and Packaging Producer Responsibility Act, creates a range of new requirements for companies, including recordkeeping and disclosure on source reduction and recycled content. SupplyShift has been helping companies track material sources, recycled content, and certifications for years.

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Zycus Cognitive Procurement

DECEMBER 15, 2022

We have shortlisted 7 C ritical T rends that will help supply chain leaders and practitioners to build a strategic blueprint for 2023 and beyond. Here are the 7 supply chain management trends for 2023 – Building agile supply chain ecosystems. Managing supply chain risk.

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Supply Chain Brain

DECEMBER 6, 2021

Mike Landry, senior vice president and global leader for the supply chain service line of Genpact, explains the meaning of “responsible sourcing,” and tells why it’s so crucial to global supply chain management today.

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EazyStock

DECEMBER 17, 2019

Intro to 2020 Supply Chain Management Trends. Supply chains have lengthened and extended across borders, bringing a whole new host of opportunities and challenges. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts.

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Supply Chain Game Changer

NOVEMBER 13, 2018

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? The Evolution of Supply Chain!

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Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

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Supply Chain Brain

JULY 14, 2022

The emergence of e-commerce for ordering parts has made the experience as easy as buying a book or toaster on Amazon.com, enabling supply chain managers, product designers, engineers and others to carry out the process quickly and on demand.

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ivalua

JANUARY 8, 2023

In compliance with the Act, companies are required to implement a supply chain management system that adequately identifies and mitigates risks, conducts reporting and creates remediation mechanisms. These organizations must also conduct regular supply chain audits to ensure sustainable and responsible operating measures. .

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Una

JANUARY 31, 2024

Top Tips for Successful Sourcing From Overseas Suppliers in 2024 Get valuable insights into communication and cultural awareness and explore tips for successfully sourcing from overseas suppliers this year. In this environment, US sourcing professionals must sharpen their communication and cultural awareness skills to succeed.

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Supply Chain Opz

NOVEMBER 12, 2016

Supply chain management books that are praised by supply chain executives, consultants and supply chain management professionals at all levels. Background In dynamic supply chain management environment, people have to make the quick and decisive actions against various issues.

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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.

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Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

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SCMR (Supply Chain Management Review)

FEBRUARY 27, 2024

SAP’s Ethosa Thurma answers Supply Chain Management Review’s 6 Questions on ethical sourcing and procurement practices.

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Arkestro

MARCH 13, 2023

Automotive sourcing is complicated, and few supply chains are as complex. Automotive parts shortages add to the layers of complexity in your automotive sourcing strategy. Sourcing Scenario Picture this, you are on an automotive sourcing team (or maybe you don’t have to imagine because you already are!),

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Arkestro

MARCH 13, 2023

Resources / Blog / 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy 3 Ways Arkestro Can Assist With Your Automotive Sourcing Strategy Automotive sourcing is complicated, and few supply chains are as complex. A collection of spreadsheets is not going to cut it for your automotive sourcing strategy.

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NLPA (Next Level Purchasing Association)

APRIL 8, 2024

Understanding this distinction is essential for anyone entering the procurement, purchasing, or supply chain field. Key Differences Between Logistics and SCM Here’s a table summarizing the key differences between logistics and supply chain management: Both SCM and logistics play vital roles in a successful supply chain.

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All Things Supply Chain

FEBRUARY 24, 2020

As Sophie Kersgens wrote for ATSC earlier this month, “As the world’s leading exporter and one of the fastest growing economies, China is a decisive business factor for companies all…

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EazyStock

FEBRUARY 13, 2019

What are the primary supply chain management trends for 2019? Companies today have to consider the resilience of their supply chain and do their best to reduce risks. As supply chains are now globalized, with companies sourcing from and delivering to different companies, trade agreements need to be in place.

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ivalua

JULY 15, 2015

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions.

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Supply Chain Opz

JULY 1, 2014

What is the definition of supply chain management? 1) It''s a network Many companies have the department that controls various activities within the supply chain. The word "management" can be explained briefly as "planning, implementing, controlling". Let''s check out what value chain really is.

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SCMDOJO

MARCH 19, 2024

Data-Driven Decisions The structure provides a framework for collecting and analyzing data across the supply chain. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Develop and implement strategies to optimize the supply chain.

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ProcurePort

MAY 5, 2022

Done right, it greatly facilitates cost mitigation, improves risk and supply chain management, and expedites sourcing. • • What is procurement strategy? Procurement is a hinge operation in most organizations. But what is procurement […].

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Procurement Tactics

DECEMBER 7, 2022

For this article, we will tackle what a financial supply chain is. We will tell you how it works and how you can manage it. Additionally, we will discuss the three processes of financial supply chain management. After reading this article, you will be able to grasp fully what a financial supply chain is.

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Una

AUGUST 15, 2023

Why Local Sourcing Is The Best Way To Build Social License Tips for developing positive relationships with local stakeholders, accessing community resources, and fostering sustainability to build a strong social license. What is local sourcing - and why does it matter?

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Sourcing Supply Chain Efficiency Ethics Sustainability 52

ivalua

MAY 1, 2020

And 91% of advanced organizations managed all spend via category management and strategic sourcing processes vs. 16% of beginners. The post What are the Supply Chain Management Lessons to Learn from the Covid-19 Crisis appeared first on Ivalua. For proactively monitored contracts for risk, 94% vs. 16%.

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Empowering CPO

JUNE 22, 2023

Introduction Welcome to our complete guide on the role of spend analysis in strategic sourcing. In the ever-evolving world of business, strategic sourcing has become a linchpin in corporate success. But how do we fuel the engine of strategic sourcing? The answer lies in the powerful tool of spend analysis.

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Supply Chain Game Changer

OCTOBER 29, 2020

Subscribe to Supply Chain Game Changer. Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Subscribe Here! Email Address.

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Una

OCTOBER 12, 2022

If you feel like working in supply chain and procurement has become a political minefield, you’re not alone. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Juliette Rowsell. Juliette is a reporter at Supply Management magazine, the hard copy publication from CIPS. Connect With Us.

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SCMR (Supply Chain Management Review)

FEBRUARY 9, 2023

"From Source to Sold" offers unique insight into the minds of some of leading global supply chain experts. The book is now available in audiobook version on Audible, Amazon and many more sites.

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