October 18, 2022 | Supply Chain Software
Supply chains have always been vulnerable to disruption. Although rightly called the ‘plumbing of global commerce,’ supply chains have typically received little attention.
Unprecedented events such as the COVID-19 pandemic and the ongoing conflict in Ukraine have again put the spotlight on the vulnerabilities of global supply chains.
Fast evolving and rapidly changing customer needs have added to the current challenges in supply chain management.
October 18, 2022 | Supply Chain Software
Supply chain integration helps businesses to bring all stakeholders together for improving efficiency & cost savings. Explore the critical elements & barriers.
The most pressing challenge facing supply chain professionals is improving supply chain resiliency, according to a recent survey by GEP and Foundry. But how can enterprises meet the demands of modernization?
A Low-Code/No-Code Approach To Building Next-Gen Supply Chains outlines how to empower nontechnical team members to create more resilient supply chains without the constraints of IT.
October 07, 2022 | Supply Chain Software
Trade in the modern world spans the globe. To support this global trade network, supply chains have grown proportionately large and are now a complex ecosystem of suppliers, logistics providers and buyers.
Supply chain management software helps manage this ecosystem and ensure the efficient movement of goods and data from the point of manufacture to the end of consumption.
September 28, 2022 | Operations
Quantum computing has captured the interest of many industries, notably pharmaceuticals and supply chain management.
But why are these industries exploring quantum computing instead of traditional supercomputing?
Because quantum computing, based on the behavior of matter at the atomic and subatomic levels, is more powerful. Quantum computers can perform calculations beyond the binary 1 or 0, and consider the tiniest element of an object – the electron.
September 12, 2022 | Spend Management
Should cost modeling and analysis is a method of arriving at a pre-determined cost estimate for a finished product by breaking down various cost dependencies and finding a pre-determined final price.
Should-cost models allow us to measure what it takes to build a finished product. The name 'should cost’ says it all — what something should cost versus what it actually costs.
These costs can include:
August 29, 2022 | Supply Chain Software
There has been a marked strategic change — from cost savings to agility and resilience — in supply chain management.
According to a new Economist Impact survey of 400 senior-level executives commissioned by GEP, 75% of the participants reiterated the necessity to make significant supply chain changes over the next year.
The reasons for this change were the disruptions the world has seen over the past 24 months.
August 26, 2022 | Inventory Management Software
Nonprofit organizations are the backbone of many communities. To succeed, they need to use their financial resources wisely.
Similarly, inventory management for such organizations focuses on using every opportunity to manage costs without sacrificing quality and reputation. To reduce costs, generate more revenue and do good, nonprofits have realized that inventory tracking is an area they can work to improve upon.
Given the pace of disruption and the uncertain business environment, organizations need business processes that can adapt quickly to a dynamic marketplace — something traditional ERPs that require costly and time-intensive implementations can’t provide. This requires technological modernization to provide a more flexible, holistic approach.
August 02, 2022 | Market Intelligence
It has always been difficult to deal with visibility and uncertainty in supply chain operations, especially with the involvement of many players spread globally.
To tackle this challenge, organizations are integrating edge computing and 5G into the supply network, providing the businesses with low-cost yet high-yield software to create a more robust and effective supply chain.
