Revolutionising Procurement: Harnessing the Potential of AI and Next-Gen Technologies
Listen to industry experts discuss how procurement and supply chain leaders can leverage emerging technologies and transformative tools.
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Procurement Software Today: What Buyers and End Users Really Want
This white paper highlights the most important capabilities for procurement software today, as seen in real software reviews of GEP SMART. The best procurement software in the market emphasizes end-to-end capability, integration with legacy systems, AI-powered insights, cloud-native architecture and an intuitive UI.
How to Mitigate Third-Party Risk With Intelligent Category Management Software
August 21, 2023 | Procurement Software
Category management has been a priority for CPOs over the last few years, but both internal and external challenges are holding category managers back from delivering value.
Internally, few companies are able to get accurate, detailed visibility into their spend and contracts. Externally, companies have difficulty forecasting market changes or predicting disruptions or changes in supply or supply chain risks, including third-party risks.
Retail Sourcing: Decoding the Complexities
August 01, 2023 | Sourcing Technology
Retail sourcing, with its unique nature, comes with a set of specific challenges.
From mastering the intricacies of demand forecasting to ensuring ethical practices across our supply chains, retail sourcing can be daunting.
Let's look at some hurdles, common missteps to sidestep and how source-to-pay platforms are making the process easy.
Category Management: What It Is and Why It’s Important
July 31, 2023 | Procurement Software
In the dynamic landscape of supply chain and procurement, category management plays a crucial role in driving deeper efficiency and cost reduction. By strategically organizing and managing similar goods and services into categories, businesses can leverage economies of scale, enhance supplier relationships and drive innovation.
Consulting Services: How to Use the Control Tower Approach to Manage Spend
July 05, 2023 | Procurement Software
Consulting services can be a valuable asset for enterprises, but they can also be a significant expense. Managing consulting spend is a vital part of the procurement process. Controlling this cost effectively becomes a significant milestone, especially in challenging economic times when cost reduction is a priority. That's why it becomes imperative for procurement leaders to have a clear understanding of their consulting spend and to put in place processes to manage it effectively.
On-Prem vs. Cloud: Which Is Right for Your Business?
June 30, 2023 | Technology
More enterprises around the world are adopting cloud computing and moving away from on-premises (on-prem) data centers. To balance the transition, some of these companies have adopted a hybrid approach, which consists of the integration of their systems with on-premises and cloud data centers.
Data center operations can be divided into two main types: on-premises (on-prem) and cloud.
Retail Supply Chain Software: Transforming the Retail Industry with Next-Generation Supply Chain Software
June 01, 2023 | Supply Chain Software
Staying ahead of the competition in the rapidly evolving retail industry requires retailers to have a streamlined and efficient supply chain. To address the complexities of modern logistics, retail supply chain software has emerged as an invaluable tool.
This blog post explores the world of retail supply chain software, examining its benefits, latest trends, and how it empowers retailers to overcome challenges in the marketplace.
The New Tech Capabilities You Need To Balance Costs, Risks and Sustainability
There’s no letting up on the challenges supply chain and procurement pros face, exacerbated by inflation, fears of recession and volatile macroeconomic conditions. Leaders must navigate their enterprises around these obstacles, boosting performance as well as sustaining and extending business operations, all while meeting customers’ needs.
Are You Following These 10 Spend Analysis Best Practices?
May 29, 2023 | Spend Analysis
Effective spend management has become a critical success factor for businesses across industries. By optimizing expenditure, companies can cut costs, boost profitability, and stay ahead of competition.
However, achieving efficient spend management requires more than just cutting costs—it demands a comprehensive and strategic approach.
In this blog, we will explore the best practices for spend management that can empower businesses to streamline processes, maximize value and drive sustainable growth.
