What is continuous replenishment?
Continuous replenishment is a strategy in which businesses share inventory information with suppliers, allowing those suppliers to automatically replenish inventory when needed.
Automating inventory replenishment helps reduce logistics and warehousing costs and aligns production with demand. This arrangement benefits the suppliers, too, as they can effectively plan for production. Plus, this strategy eliminates the need to generate purchase orders, thereby simplifying order processing.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
