Navigating Procurement Risk: Building Resilience in Life Sciences
In this webcast, GEP expert Michael Seitz highlights the need for identifying risk and setting up robust supplier qualification processes.
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How to Optimize Your Business Spend Management
July 24, 2024 | Procurement Strategy
Digitalization has become critical to efficient procurement processes and spend management, with 35% respondents in the 2024 ProcureCon report citing technology implementation or transformation a top priority for chief procurement officers.
Businesses still using traditional spend management systems often rely on a patchwork of point solutions, which results in complex, time-consuming and siloed processes. They have to grapple with:
How to Streamline Your Contract Management with Digital Contract Repository
July 23, 2024 | Contract Management
Most organizations don’t have full visibility of contractual obligations. This leads to poor performance, budget overruns, project delays and disputes.
Manual storage hampers timely access to necessary information. The inability to quickly search contracts results in lost visibility on critical data like terms, obligations and service levels.
You risk repeating mistakes or accepting risky terms without contract intelligence on past performance, KPIs or history. This takes up resources that could have been spent on strategic tasks.
Understanding the Benefits of Mobile Spend Management
July 22, 2024 | Cost Management
Mobile devices have become the backbone of modern business operations, with 75% of U.S. employees reporting they use their personal cell phones for work, according to job platform Zippia. And for procurement professionals, managing the expenses associated with this mobile ecosystem has emerged as a critical challenge.
As organizations increasingly rely on smartphones, tablets, laptops, and IoT devices to drive productivity and connectivity, the need for effective mobile spend management has never been more pressing.
Understanding Modern B2B Procurement Platforms
July 22, 2024 | Procure to Pay
Increasing pressures around cost, risk and sustainability make efficiency and cost-effectiveness paramount for enterprises today. Managing spend with a spreadsheet just doesn’t make sense anymore.
Mastering Tail Spend: Unlocking Hidden Value
Managing tail spend has traditionally been cumbersome and resource intensive. With challenges such as fragmented supplier base and inconsistent compliance, maintaining control and visibility over procurement processes can be daunting.
Discover how you can transform tail spend with GEP in our latest infographic – Mastering Tail Spend: Unlocking Hidden Value. This visual guide explores how advanced solutions simplify procurement, enhance operational efficiency and improve spend oversight.
What’s Inside:
Boost Operational Efficiency with a Demand-Driven S&OP Framework
In the ever-evolving business landscape, mere survival isn’t enough. To thrive, you need more than reactive maneuvers. Demand-driven sales and operations planning (S&OP) can be the key to revolutionizing your operations.
Are you ready to take your business operations to the next level? Our comprehensive infographic - Boost Operational Efficiency with a Demand-Driven S&OP Framework - reveals how demand-driven S&OP can revolutionize your approach to forecasting, planning and efficiency.
What you'll find:
3 Strategies to Master Capital Procurement in 2024
July 15, 2024 | Procurement Strategy
Economic turbulence in 2024 is forcing many businesses to adapt their capital expenditure plans in order to maintain competitive advantage and drive sustainable growth. In this environment, a strategic approach to capital procurement is essential.
From sustainability initiatives to cost reduction strategies and digital transformation, understanding the nuances of capital procurement is essential for organizations aiming to optimize their approach in 2024’s business landscape.
Procurement Metrics That Matter in 2024
A roundup of the top procurement metrics that matter, including AI, spending and ESG.
How AI-Powered Procurement Software Fuels the Growth of Midsize Companies
Midsize enterprises are turning to AI-powered procurement solutions to get to the next level
