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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.

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6 Ways Intelligent Automation Is Transforming the Pharma Industry

Automation Anywhere

These are just a few of the benefits pharmaceutical, or “pharma,” companies are reaping from deploying intelligent automation. A 2020 Bain & Company survey shows that 84% of companies across all industries have accelerated their automation efforts, primarily due to the fallout from the pandemic. It’s not a moment too soon.

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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.

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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.

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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.

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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. A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 The impact of these investments will become evident in the coming years.

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Responding in real time to changing market dynamics

IBM Services

Specifically, organizations that can implement more continuously aware, dynamic, and automated inventory management systems create a significant competitive advantage to increase market share. For example, you could renegotiate a supply contract to keep business inventory costs low.