Remove resources forecasting-methods
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MRO spare parts optimization

IBM Big Data Hub

Even in the past, this method frequently led to additional expenses for expediting or shipping, along with concerns about the quality of parts. 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. The post MRO spare parts optimization appeared first on IBM Blog.

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The future of business planning with generative AI?

IBM Big Data Hub

In this scenario, traditional planning methods may hinder a company’s ability to respond quickly and strategically to changing opportunities and challenges.   It empowers businesses in their sales planning, budgeting and forecasting processes. These factors exert significant pressure on profitability.

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Optimizing clinical trial site performance: A focus on three AI capabilities

IBM Big Data Hub

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. Ultimately, enabling real-time monitoring of site activities and enrollment progress could prompt timely mitigation actions ahead of time.

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Business process reengineering (BPR) examples

IBM Big Data Hub

The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization. BPR involves business process redesign that challenges norms and methods within an organization. This blog outlines some BPR examples that benefit from a BPM methodology.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

2 For instance, through sustainable strategic sourcing, companies consider questions like: Do manufacturing plants minimize waste and effectively use resources? One method to ensure this is by sourcing primarily recycled materials, like Patagonia does in the production of its outdoor recreation clothing.

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What is zero-based budgeting?

IBM Big Data Hub

In this blog post, we will delve into the concept of zero-based budgeting, exploring its definition, advantages, disadvantages, implementation steps, and tools needed. The aim is to optimize resource allocation by ensuring funds are allocated to activities that align with strategic objectives and generate the highest value.

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How to implement enterprise resource planning (ERP)

IBM Big Data Hub

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. This is the first step to a successful enterprise resource planning integration and must be completed prior to choosing an ERP software. Create a data governance policy and put protocols in place.

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