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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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How generative AI will revolutionize supply chainĀ 

IBM Services

From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless. This allows companies proof of sustainability to drive customer loyalty and comply with regulations.

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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.

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How generative AI can transform the aviation industryĀ 

IBM Services

AAR Corp, a private provider of aviation services, is considering the use of generative AI to optimize inventory management, provide predictive maintenance, improve warehouse operations and automate parts ordering. They must also make sure that customer data is secure and that its use is compliant with data privacy regulations.

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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. Table 1: Invoice approval survey (Source: Level research data for North Americas).

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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. Table 1: Invoice approval survey (Source: Level research data for North Americas).

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11 Cost Reduction Strategies in Procurement

Obobo

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Proper forecasting and real-time tracking can ensure that your inventory levels stay optimal.