What is supply chain management? - IBM
Apr 17, 2024 · Supply chain management also helps companies anticipate and mitigate risks (such as supply chain disruptions) and track compliance with regulations and standards. By helping products arrive on time and in good condition, supply chain management can improve customer satisfaction and loyalty.
What is a Supply Chain Management Strategy? - IBM
For example, IBM® Trust Your Supplier, a supply chain risk management software solution, helps ensure suppliers and other partners in the supply chain meet global and industry standards, provides continuous monitoring and risk assessment and uses blockchain-based information management to ensure transparency and traceability.
What is sustainable supply chain management? - IBM
Mar 14, 2024 · According to a report by the Carbon Disclosure Project (CDP), companies' supply chains are responsible for up to 11.4 times their direct emissions—more than 90% of their total greenhouse gas emissions. 1 Sustainable supply chain management initiatives reduce the environmental impact of business operations by minimizing carbon emissions and waste.
What is Supply Chain Sustainability? | IBM
Nov 3, 2022 · As supply chain leaders set longer-term goals, it is essential to focus on product planning and the elements you can change over time for a more sustainable supply chain. Materials: Look for opportunities to use recycled materials in the manufacturing of products, like Patagonia does, or follow Parker Hannifin’s lead and avoid using materials ...
What is supply chain logistics? - IBM
Dec 2, 2023 · Supply chain logistics refers to the management of the production, transportation and distribution of goods throughout a business’ overall supply chain. It encompasses both inbound logistics (how materials and supplies are brought into a business) and outbound logistics (how the business’ resulting products get to retailers and consumers).
What Is Supply Chain Resilience? - IBM
Nov 25, 2024 · Effective commodity management improves supply chain risk management, maintains production continuity and enhances overall supply chain performance—even during periods of instability. For example, companies can use hedging strategies or long-term contracts to stabilize costs and reduce the financial impact of price volatility.
What is Inventory Management? - IBM
Inventory management is where all the elements of the supply chain converge. Too little inventory when and where it's needed can create unhappy customers. But a large inventory has its own liabilities, the cost to store and insure it, and the risk of spoilage, theft and damage.
What Is Supply Chain Analytics? - IBM
Mar 27, 2017 · The better a company can perform supply chain analytics, the better it protects its business reputation and long-term sustainability. In The Thinking Supply Chain, IDC’s Simon Ellis identifies the five “Cs” of the effective supply chain analytics of the future: Key features of effective supply chain optimization include:
What is Demand Planning? - IBM
Demand planning is a supply chain management process that enables a company to project future demand and successfully customize company output—be it products or services—according to those projections. It is the linchpin of an effective supply chain, which makes it doubly important to business.
What Is Supply Chain Optimization? | IBM
Supply chain optimization today uses technology to provide superior exception management. It’s the key to remaining competitive. Businesses have better visibility across the supply chain, and better decision-making capabilities in real time – not just across their own organization, but across the entire business partner ecosystem.
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