Remove Automation Remove Blog Remove Inventory Management Remove Sourcing
article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Services

Here’s how companies are using different strategies to address supply chain management and meet their business goals. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

professionals

Sign Up for our Newsletter

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

article thumbnail

Unlock Working Capital With Automated Invoice Management

SirionLabs

In developed markets, there is a potential for expansion into a broader supplier network (mid-tier spend), while emerging markets are still moving beyond the inventory management maturity to tap into supply chain finance for better working capital. Automated flagging of discrepancies or matches for approval.

article thumbnail

Unlock Working Capital With Automated Invoice Management

SirionLabs

In developed markets, there is a potential for expansion into a broader supplier network (mid-tier spend), while emerging markets are still moving beyond the inventory management maturity to tap into supply chain finance for better working capital. Automated flagging of discrepancies or matches for approval.

article thumbnail

Unlock retail visibility with B2B Mulesoft Integrations

Groove Technology

Inter-relating data in different formats across different sources With an effective supply chain visibility system in place, retailers can integrate data from different sources, such as suppliers, distributors, and sales channels, and store it in a common format. This provides a centralized platform for data integration and analysis.

Retail 130
article thumbnail

Retailers can tap into generative AI to enhance support for customers and employees

IBM Services

Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content. Generative AI can likewise use historical sales data and external factors to help predict demand more accurately to prevent stockouts and excess inventory while also automating inventory replenishment and allocation.

Retail 94
article thumbnail

How generative AI can transform the aviation industry 

IBM Services

Generative AI could also help maintenance, repair and overhaul (MRO) technicians by enabling them to retrieve relevant information more effectively for repairs, or by automating the creation of parts and equipment orders so repair or maintenance can start as soon as a plane lands.