IBM Corp. recently announced a supply chain suite called IBM Sterling Supply Chain Suite, which is embedded with Watson AI and IBM Blockchain. Businesses can use this suite to integrate supply chain processes, data and business networks while taking advantage of technology such as internet of things and blockchain, according to a press release.

The suite offers real-time alerts and recommendations, which can also be automated for self-correcting actions on the supply chain. Customers can also integrate third party data into the suite.

"Supply chains are now mission-critical systems for all businesses to drive success and profitability," Bob Lord, SVP, cognitive applications and developer ecosystems, IBM, said in the release. "Many organizations have risen to the top of their industries by building efficient and agile supply chains. By modernizing supply chains on top of open, hybrid-cloud platforms and infusing Watson AI, IBM Blockchain and IoT into their networks, the IBM Sterling Supply Chain Suite can help companies across all industries enter a new era of global competitiveness.''

IBM has already secured multiple clients for Sterling including Home Depot Whirlpool Corp. and Adidas.