6 Critical Inventory Management Capabilities Your Enterprise Needs Right Now
CSOCs can improve inventory management with the right tools.
August 27, 2021 | Source to Pay
“Management is discipline, carrying it out.”
— Stephen Covey, author, The 7 Habits of Highly Effective People
Once you have chosen the source-to-pay (S2P) implementation partner and understood the need to have a long-term view of the process (Habit No. 2), the next step is to execute the plan.
August 19, 2021 | Supply Chain Software
Supply chain collaboration has become necessary for companies today as products increase in complexity and customer expectations around availability and delivery times continue to raise the stakes.
Benefits of collaboration include enhanced risk management and a more tightly orchestrated supply chain.
How do companies achieve these benefits? What are the key features that enable supply chain collaboration platforms to connect multiple partners and orchestrate supply chains?
July 16, 2021 | Source to Pay
Sourcing today is not simply about negotiating a deal with a supplier or getting a price advantage. It is much more than that. After all, how good is a contract if the terms and conditions therein are not followed and merely remain on paper.
How do procurement professionals ensure that their source-to-pay process stays on course to deliver the promised outcomes?
This takes us to an important habit that they need to develop.
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
Paul Blake
Director, Product Marketing
Paul has spent over 30 years in diverse roles in the world of technology and was involved in the development of procurement software even before the advent of the internet.
Paul is GEP’s resident product evangelist who helps strategize and execute marketing plans for GEP’s full range of cutting-edge procurement and supply chain solutions.
July 14, 2021 | Source to Pay
“Without involvement, there is no commitment. Mark it down, asterisk it, circle it, underline it. No involvement, no commitment.”
– Stephen Covey, author, The 7 Habits of Highly Effective People
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
Paul Blake
Director, Product Marketing
Paul has spent over 30 years in diverse roles in the world of technology and was involved in the development of procurement software even before the advent of the internet.
Paul is GEP’s resident product evangelist who helps strategize and execute marketing plans for GEP’s full range of cutting-edge procurement and supply chain solutions.
CSOCs can improve inventory management with the right tools.
June 25, 2021 | Supply Chain Software
The past 15 months have tested supply chains sorely.
The increasingly disruption-prone global economy has made resilience a key concern for companies trying to stay competitive.
Market intelligence firm IDC recently predicted that 90% of global manufacturing supply chains will be invested in building resilience through technology and business processes.
Manufacturers need to rethink their automation journey. Get this guide to demystify Industry 5.0.
June 14, 2021 | Supply Chain Software
With fierce competition among companies to capture market share, brands matter more than ever.
A recent study indicated that 97% of consumers are loyal to at least one brand.
The pendulum swings both ways, however.
As customers turned to e-commerce during the pandemic, companies that provided a subpar online experience suffered more. In supermarkets, frequent shortages of household items caused shoppers to buy whatever was available.
June 10, 2021 | Procurement Software
Understanding the drivers behind raw materials and manufacturing costs is imperative to creating cost savings opportunities for procurement and supply chain organizations.
However, this isn’t an easy task.
How do you determine the underlying factors that impact the input costs of products or services you want to procure at the best prices?
The task is more challenging since input costs tend to constantly change based on market conditions.
June 03, 2021 | Procurement Software
Procurement organizations are today swimming in datasets, thanks to rapid digitization. And the volumes are only increasing every day.
But are they fully utilizing all these datasets?
Have they invested in technologies that analyze this data and mine useful insights?
The answer, for many teams, is still “not yet”.
The result? This useful data is not utilized in a way that can make a meaningful business impact.