Search results
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.
In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy, with many companies facing disruptions due to shortages in raw materials and fluctuations in customer ...
Using artificial intelligence (AI) in supply chains can revolutionize the planning, production, management and optimization of supply chain activities. By processing vast amounts of data, predicting trends and performing complex tasks in real time, AI can improve supply chain decision-making and operational efficiency.
Supply chain management challenges. Leaders should focus on three common supply chain challenges, with high-level solutions that can kickstart organizations toward achieving their sustainability goals and improving their ESG scorecards: Challenge 1: Companies struggle with visibility into whether their supply chains are sustainable.
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.
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.
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.
May 1, 2024 · Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. In the age of digital transformation, the integration of advanced technologies like generative artificial intelligence brings a new era of innovation and optimization.
What is supply chain management? Supply chains generate big data. The better you understand that data, the better your supply chain will operate. Explore insights from IBM supply chain industry experts, the full range of IBM Sterling Supply Chain applications and more.
Sep 13, 2023 · Integrated generative AI accelerates intuitive conversations between supply chain decision makers and virtual assistants, enabling fast and fact-based actions. These innovations empower supply chain professionals to focus on complex problem resolution, the continuous improvement of our workflow designs and augmenting AI models.
