What is supply chain management? - IBM
Apr 17, 2024 · Supply chain management (SCM) is the coordination of a business’ entire production flow, from sourcing raw materials to delivering a finished item. The global supply chain is a complex network of suppliers, manufacturers, distributors, retailers, wholesalers and customers. Effective SCM is about optimizing this network to ensure that ...
What Is Supply Chain Analytics? - IBM
Mar 27, 2017 · Supply chain analytics is also the foundation for applying cognitive technologies, such as artificial intelligence (AI), to the supply chain process. Cognitive technologies understand, reason, learn and interact like a human, but at enormous capacity and speed. This advanced form of supply chain analytics is ushering in a new era of supply ...
What is a Supply Chain Management Strategy? - IBM
Supply chain management involves coordinating and managing all the activities involved in sourcing, procurement, conversion and logistics. It includes everything from product development and strategic decision-making to information systems and new technologies. But perhaps most relevant today are the capabilities within SCM to help mitigate ...
What is EDI: Electronic Data Interchange? | IBM
Aug 20, 2011 · EDI, which stands for electronic data interchange, is the intercompany communication of business documents in a standard format. The simple definition of EDI is that it is a standard electronic format that replaces paper-based documents such as purchase orders or invoices. Organizations can save time and reduce errors by automating paper-based ...
What is Inventory Management? | IBM
Inventory management, a critical element of the supply chain, is tracking inventory from manufacturers to warehouses and from these facilities to the point of sale. Inventory management aims to have the right products in the right place at the right time. Inventory management requires inventory visibility, knowing when to order, how much to ...
What is Demand Planning? - IBM
To be sure, the future is digital — and so is the outlook for demand planning. As demand forecasting in supply chain management becomes increasingly sophisticated because of advances in machine learning, companies will reap substantial benefits, such as being able to receive precise, real-time inventory updates and forecasts.
What Is Supply Chain Optimization? - IBM
Supply chain optimization makes use of technology and resources like blockchain, artificial intelligence (AI), and the Internet of Things (IoT) to maximize efficiency and performance in a supply network. An organization’s supply chain is a critical business process that is crucial for a successful customer experience.
What Is Blockchain? | IBM
Video A traceable supply chain The food industry is just one of many being transformed through blockchain technology. Learn how it can trace when, where and how food has been grown, picked, shipped and processed — all while protecting network …
Blockchain for Supply Chain - IBM
IBM Blockchain helps supply chain partners share trusted data through permissioned blockchain solutions. In times of disruption, this matters more than ever. Businesses and consumers want brands to guarantee product authenticity, while supply chain participants demand responsible sourcing and better visibility to minimize disputes. Blockchain ...
What is supply chain security? - IBM
Oct 22, 2020 · Supply chain leaders around the globe and across industries tell us these five supply chain security concerns keep them awake at night: Data protection. Data is at the heart of business transactions and must be secured and controlled at rest and in motion to prevent breach and tampering. Secure data exchange also involves trusting the other ...