Procurement

Top Supply Chain Trends for 2017

Share this post:

As much as 65% of the value of a company’s products or services is derived from its suppliers – and its supply chain.[1] Of course, this is dependent on several factors, including the industry in which the company operates. Regardless, this statistic illuminates the supply chain’s value and importance.

Global businesses have a significant and growing reliance on suppliers. And to ensure the delivery, cost, and quality of their products and services, supply chain organizations must safeguard the availability and caliber of supply, while controlling costs. In an environment marked by increased globalization, complexity, and volatility, these are weighty expectations.

To be successful, supply chain organizations need to strive for constant improvement. They must push for greater visibility, flexibility, and agility – and the technology, personnel, and resources to achieve these goals.

According to the IBM IBV Global Chief Supply Chain Officer (CSCO) Study, based on a survey of more than 400 supply chain leaders, a lack of visibility and transparency is the greatest hurdle in achieving the supply chain organization’s objectives.[2] This largely stems from an inability to analyze the enormity of data scattered across various processes, sources, and systems.

What are the other challenges and trends impacting global supply chain organizations?

A group of supply chain and technology leaders, across IBM and our business partners, recently explored these and other issues impacting supply chain organizations – and outlined nine key trends in a report entitled, Top Supply Chain Trends for 2017

The report examines the challenges supply chain organizations face – and the technologies being leveraged. You’ll find articles on topics from supply chain visibility to knowledge management to fostering collaboration.

Top supply chain trends for 2017

A few of the topics are:

  • Big Data: Increasing supply chain visibility, resilience, and value via Big Data
  • Analytics: Harnessing cognitive analytics to unlock hidden value from supply chain data
  • Cognitive Technologies: Advancing knowledge management through cognitive technologies
  • Blockchain: The growing momentum and adoption for blockchain in supply chain

We’ll be exploring each of the trends in future blog posts, but to delve deeper now, download the full report, Top Supply Chain Trends for 2017.

Also, visit the Watson Supply Chain microsite.

[1] CAPS Research, Institute for Supply Management, Cross-Industry Report of Standard Benchmarks

[2] IDC FutureScape: Worldwide Big Data and Analytics 2016 Predictions

More Procurement Stories

IDC: The Future of Supply Chain

What are the challenges and technologies shaping the future of supply chain? We’re living in what some call the age of disruption, where digital business and globalization are disrupting business models and industries and changing the way we live and conduct business. According to IDC, this will translate into 33 percent of all manufacturing companies […]

Continue reading

IDC Analyst Discusses Top Issues Facing the Banking Industry Today

Retailers are not the only organizations that need to focus on improving the customer experience. Banks are increasingly feeling the pressure to provide exceptional and innovative experiences for their customers and one way to do that is through digital transformation. Spending on digital transformation by US Banks is expected to be $20.3 billion in 2017 […]

Continue reading

Subdue Disruption and Supercharge Your Supply Chain with Watson

IBM has a long history of running a global supply chain. Currently, Joanne Wright, IBM VP Supply Chain, manages a spend of more than $30 Billion for a supply chain that operates in over 170 countries. She undeniably knows what it takes to run a successful supply chain. One of her secrets: Watson as a […]

Continue reading