Taming Costs: How to Achieve Rapid and Sustainable Results
A must-read for procurement leaders who are looking to support the enterprise goal of sustainable growth while reducing costs.
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The Pros and Cons of a Frenemy Supply Chain for Retailers
May 18, 2023 | Supply Chain Strategy
Mid-sized U.S. retailers have faced a tumultuous past couple of years, with inflationary pressures and escalating supply chain costs impacting their growth and profitability. To help overcome these stumbling blocks, they have been seeking innovative solutions.
A fresh strategy that has caught the attention of mid-sized retailers is the formation of frenemy networks – collaborative initiatives between competitors to share supply chain infrastructure, improving operational efficiencies and cost savings.
Powering Up Your Supply Chain: Mastering Cable Supply Chain Strategy
May 16, 2023 | Supply Chain Strategy
Picture this. As a supply chain manager, you just got to know that a batch of cables is running much behind the scheduled delivery time, and that too for a new project that was supposed to get kickstarted. And the consequences are comprehensible. Delays in receiving materials can spell disaster for any project.
Minimize Risk, Maximize Success: A Deep Dive into Accounts Payable Risk Assessment
May 16, 2023 | Accounts Payable
Accounts payable risk assessment aims to identify various risks that can hamper the function’s operations and mitigate their impact. Visit here to know more.
Pipe, Valves and Fittings Category Management: Streamlining the Supply Chain
May 16, 2023 | Supply Chain Strategy
Optimizing pipe, valves, and fittings (PVF) category management requires a thorough understanding of emerging technologies and risks. Visit this blog and explore the advantages, challenges & ways to streamline PVF category management.
Tactical Sourcing Vs. Strategic Sourcing: Understanding the Differences
May 16, 2023 | Sourcing Strategy
Procurement and sourcing are important aspects that can affect a business’s bottom line and competitiveness. Tactical sourcing and strategic sourcing are two categories of sourcing. Learn more in this GEP blog.
4 Supplier Management Lessons from the Bed, Bath & Beyond Bankruptcy
May 08, 2023 | Supplier Management Strategy
The criticality of effective supplier management becomes clear when we look at how retailer Bed, Bath & Beyond went from once being the largest home goods retailer in the U.S. to filing for bankruptcy.
Following the pandemic, the company struggled with high inventory costs and less consumer spending. To revive the company, it moved the strategy from selling national brands to selling private-label brands. This, however, resulted in another set of problems: longer lead times to produce and ship to stores.
Lieferkettensorgfaltspflichtengesetz: Wie man die Einhaltung des neuen deutschen Lieferkettensorgfaltspflichtengesetzes sicherstellt
Das im Januar 2023 in Kraft getretene deutsche Lieferkettensorgfaltspflichtengesetz verlangt von Unternehmen, Menschenrechts- und Umweltrisiken zu bewerten. Dieser GEP-Bulletin beschreibt, wie Unternehmen konform mit dem neuen Gesetz bleiben können.
Deutsches Lieferkettengesetz: Was Das Lksg Für Unternehmen Bedeutet
May 05, 2023 | Supply Chain Strategy
Das neue Gesetz über die Sorgfaltspflicht in der Lieferkette in Deutschland verpflichtet die Unternehmen zur Einhaltung der Menschenrechte und ethischer Praktiken innerhalb ihrer Lieferketten.
How GEP Can Help Ensure Compliance With the New German Supply Chain Due Diligence Act (Lieferkettengesetz)
May 05, 2023 | Supply Chain Strategy
The new German Supply Chain Act (LkSG), which came into effect in January 2023, is a significant development in Germany’s efforts to promote corporate social responsibility and prevent human rights violations in the supply chain.
While the law currently only applies to companies with more than 3,000 employees, from 2024 it will also affect companies with more than 1,000 employees.
