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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. On top of disruption, companies with global supply chains must also deal with different regulatory environments, cultural norms and market conditions.

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4 smart technologies modernizing sourcing strategy

IBM Big Data Hub

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Often considered synonymous with the procurement process , sourcing is a distinct process within supply chain management.

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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

The harmony is lost, and the organization becomes inefficient, misses opportunities, and struggles to keep up with the fast-paced market. The management team defines the organization’s long-term goals and objectives. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

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Lack of Time for Analysis, Adoption of New Technology and Data Limitations are Top Challenges Facing Finance Teams, According to insightsoftware Survey

Jet Global

May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. RALEIGH, N.C. – Visit insightsoftware.com for more information.

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How to build a successful procurement strategy

IBM Big Data Hub

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations.