Remove Inventory Management Remove Manufacturing Remove Regulations 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

6 Ways Intelligent Automation Is Transforming the Pharma Industry

Automation Anywhere

According to McKinsey , 50% of existing work in the pharmaceutical and medical manufacturing industry could be automated in the next 10 years. Streamline supply chain and inventory management Supplier onboarding has always been a lengthy and problematic process. And up to 120,000 new jobs could be created.

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

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

article thumbnail

12 considerations when choosing MES software

IBM Business Partners

Manufacturing execution systems (MES) have grown in popularity across the manufacturing industry. If your manufacturing processes have become more intricate and challenging to manage manually, an MES can help streamline manufacturing operations management, increase efficiency and reduce errors.

article thumbnail

How to choose the best AI platform

IBM Services

” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 Visual modeling: Combine visual data science with open source libraries and notebook-based interfaces on a unified data and AI studio.

article thumbnail

Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Example: A car manufacturer acquiring a chain of dealerships to sell its vehicles directly to consumers. How to gain visibility and control of your indirect spend.