January 10, 2025 | Inventory Management Software
What’s the cost of inventory inefficiency in your supply chain?
From stockouts to overstocking, the financial and operational toll can be staggering.
With global supply chains under constant stress, the traditional methods of managing inventory are no longer enough.
Automated inventory management, driven by artificial intelligence (AI), has emerged as a powerful solution, offering real-time insights, predictive capabilities, and operational precision.
January 10, 2025 | Purchasing
Picture this: you’re overseeing procurement for the construction of a semiconductor plant, and a missing purchase order (PO) for critical custom machinery just derailed your entire timeline. Without this equipment, the project is at a standstill, leading to missed deadlines, penalties and revenue loss.
That’s a problem no procurement leader wants.
Tracking POs isn’t a minute detail—it’s about ensuring efficiency, accountability and smooth operations.
Let’s explore why tracking POs is crucial, how it’s done and the tools that make it a breeze.
January 09, 2025 | Accounts Payable
How much time does your team spend chasing down invoice approvals? Have you ever wondered how much money is lost to processing errors or delayed payments? These everyday issues may seem minor, but over time they can snowball into significant financial and operational burdens.
With businesses processing thousands of invoices every month, traditional methods often leave teams overwhelmed by inefficiencies, errors, and compliance headaches.
GEP has been named the #1 source-to-pay (S2P) end-to-end suite provider for enterprise contract lifecycle management (CLM) capabilities in the Hackett Group's inaugural Digital World Class™ Matrix report. Recognized for unparalleled value realization and functional breadth, GEP continues to redefine procurement excellence with its AI-powered, unified platform.
Why GEP Stands Out
Discover how AI can transform contract management into a strategic driver of business value and growth.
Discover how AI-powered intake management boosts user experience, compliance and efficiency
December 02, 2024 | Procurement Software
Healthcare procurement faces mounting challenges, reflecting the growing complexity and demands of modern healthcare systems.
The COVID-19 pandemic exposed systemic vulnerabilities, leading to widespread supply chain disruptions , product shortages, and delivery delays. Inflation adds to these pressures, with labor and product costs continuing to rise. For healthcare providers, these cost increases are a major obstacle to achieving resilient supply chains.
Discover how 360 visibility transforms direct materials sourcing to drive better decisions and boost the bottom line
November 08, 2024 | Supplier Management Technology
Suppliers, much like customers, are vital strategic partners in any business.
However, the way companies manage supplier relationships often differs significantly from how they handle customer interactions. But business leaders need to equally prioritize customers and suppliers.
Subpar supplier relations result in missed opportunities, delays and inefficiencies across the supply chain. Without proper engagement and governance, supplier performance may decline. This causes disruptions in procurement processes and increases operational risks.
October 01, 2024 | Accounts Payable
Consider a procurement manager tasked with ensuring a steady flow of materials for a manufacturing company. Traditionally, this would involve manually creating, routing, and approving purchase orders.
However, thanks to advances in AI and automation, the manager can leverage automated systems that handle much of purchase order (PO) processing, freeing up time and minimizing the risk of errors.
