article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Services

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

article thumbnail

4 smart technologies modernizing sourcing strategy

IBM Services

Sourcing is getting smarter. To start, many organizations have already pivoted from a tactical to a strategic sourcing mindset—which can make all the difference when it comes to gaining and retaining a competitive advantage. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Sourcing 102
professionals

Sign Up for our Newsletter

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

article thumbnail

How generative AI will revolutionize supply chain 

IBM Services

Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

article thumbnail

What is Integrated Business Planning (IBP)?

IBM Business Partners

Data integration and analytics IBP relies on the integration of data from different sources and systems. This may involve consolidating data from enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, supply chain management systems, and other relevant sources.

article thumbnail

Supply Chain Risks: Different Types and How To Mitigate Them

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Source what you can from reclamation centers and use recycling whenever possible. Supplier risk is always there, but using various risk management strategies can help you minimize the impact.

article thumbnail

Maximizing the Potential for Cost-Savings and Risk

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Heather Frazer discusses how TCO is a great tool that will help capture the entire potential for cost savings and risk and how it is increasingly important for procurement organizations to secure reliable data.