IBM Big Data Hub

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

Strategy 102

Strategy Technology Cost-Benefit Risk Management 102

ScienceSoft

APRIL 30, 2019

Data science with its deep learning algorithms allows for data-driven assessment of supplier risks. Is this approach good enough to undermine the position of a traditional one? Let’s explore how it works and what its advantages and limitations are.

Risk 40

Risk Data Science Deep Learning Data-driven 40

Analytics Vidhya

OCTOBER 3, 2021

This article was published as a part of the Data Science Blogathon Overview Say, you were setting up a gift shop and your supplier dumps all the toys that you asked for in a room. It’s going to look something like this. Total chaos! Now picture yourself standing in front of this huge pile of toys […].

Data Science 353

Data Science Publishing Analytics IT 353

CIO Business Intelligence

NOVEMBER 3, 2023

Supply relationship management will enter an entirely new phase when so much more intelligence is available to buyer and supplier both,” says Paul Blake, senior director of product marketing at GEP. When in the thick of running a complex RFP, we might ask what combinations of suppliers give the best savings and lowest risk,” says Blake.

Digital Transformation 126

Digital Transformation Risk Management Risk Machine Learning 126

Dataiku

MAY 11, 2023

“From Generation to Supply: How AI is Transforming the Energy System” is a six-part series on the many ways in which AI is helping to transform the energy sector at every stage of the generation, transmission and distribution, system operation, supply, and regulation cycle. This is Part 4. The next part will appear in June, 2023.

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40

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

Timo Elliott

APRIL 23, 2024

There are so many tradeoffs—between cost and quality; speed and accuracy, local sourcing and global efficiencies; and between supplier relationships and competitive bidding. Generative AI can help inform the right tradeoffs in complex discussions with suppliers and internal business stakeholders. First, procurement is hard!

Scorecard 59

Scorecard Cost-Benefit Machine Learning Optimization 59

CIO Business Intelligence

MAY 17, 2023

The organization identifies, educates, registers, and certifies women business enterprises that are at least 51% owned, managed, and controlled by women suppliers in over 135 countries. On one hand, member-buyers found it difficult to search for qualified women-own suppliers.

Digital Transformation 98

Digital Transformation Marketing Technology Management 98

IBM Big Data Hub

FEBRUARY 19, 2024

Supply chain disruptions are caused by a variety of factors, from pandemics, natural disasters and political instability to supplier bankruptcy and IT failures. This may involve conducting audits of suppliers, implementing codes of conduct and using certification schemes to verify compliance.

Strategy 86

Strategy Management Forecasting Cost-Benefit 86

IBM Big Data Hub

APRIL 22, 2024

Focus on AI ethics and sustainability in the IBM ecosystem IBM has long committed to doing business with suppliers who conduct themselves with high standards of ethical, environmental and social responsibility. In 2023, we announced a new commitment to train 1,000 technology suppliers in technology ethics by 2025 , and we are well on our way.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Reporting 95

CIO Business Intelligence

APRIL 5, 2022

Direct supply chains have experienced challenges, and so have extended supply chain partners such as third-party and fourth-party vendors — the suppliers of suppliers,” the firm says. Enhancing operations and relationships with suppliers. Finally, Optimas uses analytics to better collaborate with suppliers. “By

Analytics 143

Analytics Cost-Benefit Forecasting Manufacturing 143

CIO Business Intelligence

MAY 16, 2023

CEOs, CTOs, and CIOs are now under increasing pressure by shareholders, by regulators, by consumers, and increasingly also by suppliers to increase the accuracy and transparency of their carbon emissions data within the organization and more broadly across the supply chain,” said Michael McComb, global head of sustainability communications for SAP.

Reporting 127

Reporting Enterprise Software Management 127

CIO Business Intelligence

OCTOBER 23, 2023

As customers expand their climate commitments to also cover their supply chain Scope 3 emissions—those created indirectly by their supply chain partners—it has become increasingly important to find suppliers who share their commitment to reducing emissions and maximizing renewable energy whenever possible.

Metrics 89

Metrics Reporting Strategy Data-driven 89

IBM Big Data Hub

DECEMBER 13, 2023

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. Building strong supplier relationships to encourage favorable contracts and service is also a common goal. Some may not agree with the proposed changes.

Strategy 70

Strategy Cost-Benefit Key Performance Indicator Consulting 70

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. You can easily use these cloud solutions to get in touch with new suppliers through this process. The process is prompt and transparent.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

IBM Big Data Hub

JUNE 19, 2023

Today, businesses continue to look for ways to reduce costs and increase efficiency, and offshore suppliers still minimize costs in most instances for North American and European companies. In this model, if there’s danger of global goods being delayed or unavailable, businesses can reach out to their local suppliers for product.

Risk 81

Risk Manufacturing Reporting Modeling 81

CIO Business Intelligence

JULY 6, 2023

When it’s done right, it can increase company valuation with investors, open windows to subsidies, gain favorable supplier ratings with customers, and make companies attract and retain talent. They decided to tap into the SAP Business Network which has connections with over 40 million suppliers around the world.

Cost-Benefit 72

Cost-Benefit Risk Digital Transformation Risk Management 72

CIO Business Intelligence

SEPTEMBER 1, 2023

Facing the possibility of an economic recession, one of the world’s leading professional services companies felt the urgency to improve its grasp on spend management – the practice of fully understanding and managing supplier relations and company purchasing. With 738,000 employees and $3.8 Improvements were needed and the deadline was tight.

Management 85

Management Digital Transformation Consulting Reporting 85

CIO Business Intelligence

MARCH 28, 2022

And he’s structuring their engagements with HP to ensure they’re gaining experiences that will advance them as companies and will help advance the suppliers’ workers in their own careers. To start, he’s working to ensure that 10% of his diversity spend is with Black and African American suppliers by the end of 2022.

IT 92

IT Enterprise Technology Reporting 92

IBM Big Data Hub

APRIL 11, 2023

Positive impact through our suppliers Finally, IBM requires first-tier suppliers to create and maintain a management system to address their social responsibilities within a year of starting to do business with us. IBM helps suppliers meet our requirements by providing and facilitating education, which we regularly update.

Reporting 81

Reporting Software Strategy Management 81

CIO Business Intelligence

AUGUST 18, 2023

The buying organization might also want “innovation,” but the contract with the supplier has an 800-page Statement of Work with exacting details on how the supplier should perform each of the activities in scope. Real success comes not from ‘did the supplier get the task done’ but from the end-to-end process succeeding.

Measurement 89

Measurement Modeling Risk Management 89

Smart Data Collective

MARCH 19, 2023

Find a Manufacturer/Wholesaler/ Seller (Supplier). You need to conclude with your Supplier a contract/ agreement with all terms of production, delivery, returns, and refunds. If you want to sell many products, you need to find a tool that will reprice the products from the Suppliers price to yours, including a dropshipping fee.

Predictive Analytics 128

Predictive Analytics Analytics Manufacturing Advertising 128

CIO Business Intelligence

JUNE 23, 2023

For example, the amount of the purchase, the department requesting the purchase, or the supplier being used. Managing supplier contracts. Actions for supplier performance. Another key benefit is the ability to flexibly create workflows that not only track supplier performance metrics but also identify areas for improvement.

Digital Transformation 97

Digital Transformation Metrics Technology Enterprise 97

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 122

Cost-Benefit Uncertainty Enterprise Risk 122

IBM Big Data Hub

APRIL 25, 2023

This can involve using technology solutions such as Prevalent to collect and analyze data, and then engaging with suppliers to improve performance. Collaborate with suppliers. For example, companies can provide their suppliers with ESG training on how to improve their labor practices, environmental management and governance.

Risk Management 83

Risk Management Risk Management Metrics 83

CIO Business Intelligence

DECEMBER 28, 2022

The race is on in Europe with the US following suit The large companies, who for one reason or another have started to report, depend on emissions numbers from their suppliers. This includes getting source data directly from suppliers and feeding that into data cubes and data meshes that go into the reporting system on the front end.

Reporting 106

Reporting Consulting Manufacturing Software 106

Smart Data Collective

MARCH 30, 2022

Other than freeing up your workforce, automation of procurement further lets you free up time by providing a central platform for departments to communicate within themselves and with suppliers, cutting down the need for one-on-one phone calls, lengthy email correspondence, and meetings. It Facilitates Supplier Management.

Big Data 96

Big Data Statistics Metrics Marketing 96

CIO Business Intelligence

MAY 2, 2023

Over the past two decades, progressive sourcing models have emerged to enable companies to work more strategically with suppliers in a way that creates value and drives innovation. Suppliers argue that investing in their customers’ business is risky because buyers simply take their ideas and competitively bid on the work.

IT 70

IT Modeling Marketing Optimization 70

CIO Business Intelligence

DECEMBER 14, 2023

AI can do this by analyzing data across production schedules, suppliers, customers, and logistics to facilitate smarter decision-making about sourcing, timing, and inventory, delivering improved efficiency and reduced costs. These improvements are ongoing and dynamic as AI continuously optimizes approaches based on real-time operational data.

Manufacturing 131

Manufacturing Cost-Benefit Unstructured Data Optimization 131

Howard Dresner

AUGUST 15, 2013

In fact, one of the significant nuggets in our recent 2013 Wisdom of Crowds® Cloud Business Intelligence Market Study is that organizations targeting external users (customers and suppliers) are the biggest users of cloud BI. Without involving customers and suppliers in the BI chain, you don’t get full value. My view: Trust takes time.

Business Intelligence 40

Business Intelligence Cost-Benefit Marketing Data Processing 40

CIO Business Intelligence

APRIL 28, 2023

The problem is not unique to banks, as a wide range of companies can benefit from better understanding their exposure to individual suppliers or customers. Investing in technology suppliers BNY Mellon isn’t just a customer of Quantexa, it’s also one of its investors. We took a very methodical view,” says Hirschhorn.

Software 117

Software Data-driven Marketing Technology 117

IBM Big Data Hub

MARCH 27, 2024

In simpler terms, these emissions arise from external sources, such as emissions associated with suppliers and customers and are beyond the company’s core operations. A 2022 CDP study found that for companies that report to CDP, emissions occurring in their supply chain represent an average of 11.4x

Experimentation 79

Experimentation Modeling Deep Learning Data-driven 79

CIO Business Intelligence

NOVEMBER 15, 2023

I think picking fantastic relationships with suppliers is key, so you get ahead of the curve and your board’s briefed ahead of what trends are coming up. And I mean partnerships as opposed to supplier relationships,” she says. “We Being that gateway between technology and business has never been more important,” she says. “I

Technology 119

Technology Testing Insurance Marketing 119