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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

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 demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Blockchain-based solutions can be leveraged to build a trusted ecosystem of suppliers and partners. The immutable ledger of blockchain authenticates a product’s origin and journey through the value chain.

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Building a sustainable automotive supply chain

IBM Big Data Hub

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Supply shortages can lead to line outages, manufacturing delays, out of stock issues and lost revenue.

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How to Prepare for the Metaverse

AIIM

From the Australian Open offering fans art ball NFTs with real-time match data to JPMorgan Chase’s tiger-friendly lounge in the blockchain-based world Decentraland, metaverse events are exploding into 2022 as powerful new weapons to engage with people. Disney even tapped a new executive, Mike White, to lead its foray into the metaverse.

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Business process reengineering (BPR) examples

IBM Big Data Hub

An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness. Organizations of all sizes and industries implement business process reengineering. BPR initiatives generally boost key performance indicators (KPIs).

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Improving supply chain resiliency in the industrial sector

IBM Big Data Hub

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. This equipment is critical to expanding capacity for chip production.

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Unlocking value: Top digital transformation trends

IBM Big Data Hub

And while no one digital transformation strategy will be like any other, here are some recurring trends that help organizations engage in successful digital transformation initiatives. For instance, manufacturers can use IoT in their factories to know when their machines need repairing, known as preventive maintenance.