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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 ...
Supply chain logistics refers to the management of the production, transportation and distribution of goods throughout a business’ overall supply chain. It encompasses both inbound logistics (how materials and supplies are brought into a business) and outbound logistics (how the business’ resulting products get to retailers and consumers ...
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. SCRM also helps companies comply with regulations ...
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 ...
Gartner defines supply chain resiliency as the ability to adapt to structural changes by modifying supply chain strategies, products and technologies, and agility as the ability to sense and respond to unanticipated changes in demand or supply quickly and reliably, without sacrificing cost or quality. Supply chain leaders that IBM speaks with ...
IBM Sterling® Supply Chain Intelligence Suite is an AI-based optimization and automation solution designed for organizations struggling to solve supply chain disruptions through traditional transformation. The products in the suite help facilitate a digital supply chain transformation, improving supply network resiliency and sustainability ...
Global supply chain leaders have been forced to fundamentally rethink traditional ways of working, where the greatest threat in navigating disruptions is acting with yesterday’s logic. IBM®'s supply chain consulting services strengthen supply chain management by helping clients use advanced analytics and AI to empower their workforce and ...
Generative AI creates a strategic inflection point for supply chain innovators and the first true opportunity to innovate beyond traditional supply chain constraints. Pivoting from ideation to action. A leading supply chain needs to be orchestrated across the value chain. Internal and external stakeholders need fast and accurate information at ...
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.
1 (link resides outside ibm.com), Carbon Disclosure Project, March 2023. 2 (link resides outside ibm.com), EY, September 2022. Sustainable supply chain management is the practice of integrating environmental, social and financial considerations into the sourcing, production and distribution of goods and services.