GEP Inducted Into Spend Matters Hall of Fame
GEP has been inducted into the inaugural Spend Matters Hall of Fame, a prestigious honor for companies who have consistently appeared on the "50 Providers to Know" list for over a decade.
X
7 Steps to Create an Effective Procurement Schedule
October 15, 2024 | Procurement Strategy
“People don’t plan to fail. They fail to plan.” Often attributed to Benjamin Franklin, this quote illustrates the value of having a detailed plan or schedule in place to guide execution.
In procurement, it’s the same thing — the difference between success and failure often hinges on effective planning and execution, and your enterprise’s procurement schedule is at the heart of its planning process.
Accounts Payable Vs Accounts Receivable: Key Differences and The Power of Automation
October 09, 2024 | Accounts Payable
Procurement leaders are increasingly leveraging the power of automation to get their accounts payable (AP) and accounts receivables (AR) right – driving efficiency and savings.
So, what is the difference between accounts receivable and accounts payable? They are two sides of the same coin.
Transforming Farming: Nanotechnology Finds Many Applications in Agrochemicals
October 09, 2024 | Agro
Nanotechnology has found broad applications across industries such as medicine, materials science, and agriculture, with North America and Asia leading the way.
In agriculture, nanotechnology is being increasingly adopted, offering advanced solutions for improving crop productivity, soil health and environmental sustainability.
Mastering the Vendor Management Lifecycle: A Strategic Guide for Enterprises
October 07, 2024 | Supplier Management Strategy
Companies across industries are increasingly turning to external partners to help them deliver critical products and services these days. Vendor relationships can be a strategic advantage for an enterprise, which makes it critical to understand the vendor management lifecycle.
In this comprehensive guide, we’ll explore the intricacies of vendor management, offering insights and strategies to help you manage vendor relationships to improve quality, cost reduction and risk mitigation.
How e-Procurement Can Benefit Your Business
October 07, 2024 | Procurement Software
Many businesses are today looking to accelerate digital transformation. But they aren’t sure how or where to start.
Introducing technology in a function such as procurement can be a good way to start. Why?
Because the role of procurement has evolved significantly. It has become increasingly vital in a business environment prone to uncertainty and disruption.
Best Practices to Optimize Procurement Lead Time
October 03, 2024 | Procurement Strategy
When it comes to optimizing procurement lifecycles and timelines, there's one denominator that emerges as a key factor —procurement lead time.
Procurement lead time impacts the efficiency and success of supply chains.
Whether dealing with products or services, understanding and optimizing lead time can lead to better customer satisfaction, lower inventory costs and faster market responsiveness.
This blog will explain the tangible benefits of reducing procurement lead times and best practices to optimize it.
How an American Retailer Saved $25M on Packaging Through Strategic Sourcing Powered by GEP
Managing procurement can be a costly headache, especially when dealing with a fragmented supplier base and hundreds of redundant SKUs. A leading $16 billion U.S. supermarket chain faced exactly that — until GEP stepped in.
Read this case study to find out how GEP helped the retailer cut costs significantly and transformed its procurement. With GEP’s help, the company reduced suppliers by more than 60% and eliminated more than 400 SKUs.
What’s Inside:
Empowering Category Managers Through Practical AI
Category managers face stiff headwinds, including a lack of visibility into spending and cost control challenges. Nearly half of all senior procurement professionals believe data-related issues are impeding category management efforts, according to Procurement Leaders’ research.
For strategies to better align category management with broader business objectives, download this report — Empowering Category Managers Through Practical AI.
What’s Inside:
Resilience: Delivering Value Amid Volatility
The COVID pandemic and subsequent events have spurred a renewed focus on risk management. Procurement is now at the forefront of safeguarding business continuity and protecting the bottom line.
Stakeholders rely on procurement for insight to ensure the business can withstand — or, ideally, avoid — major disruptions to operations and supply chains. With resilience firmly established as a business imperative, the onus is on CPOs and their teams to deliver.
Key Discussion Points:
