IBM Business Partners

JUNE 30, 2023

IBM Supply Chain Intelligence Suite​ can monitor supply to minimize production delays, reduce costs, and facilitate streamlined and tighter collaboration, teamwork, and communication. Blockchain enables manufacturers to respond to demands for greater variety with shorter lead times and avoid counterfeit parts.​

Manufacturing 66

Manufacturing Inventory Management Reduced Costs Order Management 66

Obobo

JANUARY 13, 2023

Supply chain savings is one such concept, an area of study that can help businesses streamline their operations and reduce costs. In this blog post, we’ll explore the definition of supply chain savings, how it works, and how businesses can use it to reduce their costs and maximize profits.

Inventory Management 40

Inventory Management Reduced Costs Efficiency Sourcing 40

Planergy Software

SEPTEMBER 10, 2021

Procurement is the act of buying raw materials, goods, and services for a business, as guided by formalized procedures, internal controls, and processes related to not just finance, but inventory management, supply chain management, and supplier relationship management as well. Automating core procurement processes.

Inventory Management 59

Inventory Management Supply Chain Management Data Entry Labor Costs 59

Perficient Digital Transformation

MAY 4, 2023

Fulfillment Control Towers Fulfillment control towers focus on reducing cost-to-serve by monitoring shipment packaging requirements and expediting orders. Inventory Control Towers Inventory control towers are meant to monitor inventory levels to avoid shortages or outages with real-time insight into inventory management.

Supply Chain Management 64

Supply Chain Management Inventory Management Sales Reduced Costs 64

Obobo

JANUARY 30, 2023

This can often lead to significant cost savings. There are a number of software applications that can help you automate your purchasing processes and make it easier to find the best prices on the products and services you need. By doing so, they can minimize waste and avoid duplicate effort, which can lead to significant cost savings.

Software 81

Software Reduced Costs Automation Service 81

Obobo

MARCH 28, 2023

Another example of a soft savings opportunity could be optimizing a process , which may not lead to immediate monetary savings, but can lead to better quality and fewer mistakes, thus indirectly reducing costs. These can include reducing labor costs, eliminating waste, and optimizing inventory management.

Labor Costs 40

Labor Costs Efficiency Accounting Reduced Costs 40

Planergy Software

SEPTEMBER 24, 2021

Securing competitive advantage means mastering emerging technologies and developing strategies that incorporate risk management, data-driven decision making, and a collaborative, agile approach. They don’t just lead the finance team or spearhead initiatives to reduce costs.

Finance 97

Finance Collaborations Flexibility Robotics Process Automation 97

Planergy Software

SEPTEMBER 12, 2023

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services.

Manufacturing 52

Manufacturing E-Commerce Human Resources Marketing 52