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What Is Supply Chain Management? - IBM 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 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
What Is Supply Chain Logistics? - IBM Supply chain management (SCM) is a broader term that includes supply chain logistics as one of its elements SCM involves overseeing the entire lifecycle of a product throughout the supply chain process, from the initial sourcing of materials to the final delivery of finished goods to consumers
What Is Supply Chain Analytics? - IBM 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 AI in Supply Chain? - IBM Meanwhile, the COVID-19 pandemic illustrated just how fragile the global supply chain can be and why better management tools are necessary A subset of AI is machine learning (ML) , which is the process of a system taking in data sets and learning processes from them, as opposed to being programmed with built-in instructions
What Is Sustainable Supply Chain Management? - IBM 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 Automation? - IBM Global supply chains, including the manufacturers and retailers that logistics providers source to run the supply chain system, will continue to face challenges Thus, it is important to have flexible, reliable supply chain management practices and tools Supply chain automation is a supplement to human workers, not a replacement
IBM Supply Chain | IBM IBM supply chain management set out a bold vision to build its first cognitive supply chain The aim was to have an agile supply chain that extensively uses data and AI to lower costs, exceed customer expectations, ruthlessly eliminate or automate non-value add work and exponentially improve the experience of supply chain colleagues
What Is Supply Chain Risk Management? - IBM Implementing a supply chain risk management strategy is a way for companies to build the resilience to navigate uncertainty and ensure business continuity With proactive preparedness, companies can avoid or minimize disruptions, reduce costs, improve quality and enhance customer satisfaction
What Is Supply Chain Optimization? - IBM Supply chain optimization today uses technology to provide superior exception management It’s the key to remaining competitive 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