Regional Supply Chain: How to Localize and Minimize Disruptions

December 27, 2022 | Supply Chain Strategy

As businesses strive to create the most efficient and cost-effective supply chain operations, many are now turning to regional supply chain models.

A regional supply chain offers a number of advantages to businesses, including lower costs and a higher level of control over the supply chain.

But how do you go about creating a successful regional supply chain?

Recession Playbook for CFOs: Five Imperatives for Finance Leaders in 2023

Read more about Recession Playbook for CFOs: Five Imperatives for Finance Leaders in 2023

Finance leaders will have a lot on their plates in 2023.

As major economies try to bring down inflationary pressures and stave off a recession, cost savings are back in focus. CFOs have to not only spend less but also get more value for every dollar spent.

How can they achieve this delicate balance?

GEP’s latest bulletin, Recession Playbook for CFOs: Five Imperatives for Finance Leaders in 2023, tells you how to make the most of shrinking budgets in this season of uncertainties.

What’s Inside:

What’s Driving the Pharma Excipients Market and What Are the Hurdles?

December 13, 2022 | Pharma and Life Sciences

Treating rare diseases and the need for better-functioning excipients have led to higher R&D spending and the emergence of new technologies in the pharmaceutical excipients market. Pharmaceutical excipients have no medicinal properties but help streamline the manufacturing of the drugs and their absorption when used by patients.

How a Localized Supply Chain Can Benefit Your Business

December 09, 2022 | Supply Chain Strategy

Amid rising inflation and growing uncertainty, many businesses look to reduce their dependence on overseas suppliers and build a self-sufficient local ecosystem. In this process, they plan to fully localize their supply chain.

However, for many industries dependent on other regions for raw materials, supply chain localization remains a distant dream.

In this blog, we discuss how localizing your supply chain can benefit your business and best practices for managing a local supply chain.

The Advantages and Disadvantages of Global Supply Chains

December 09, 2022 | Supply Chain Strategy

Global supply chains allow businesses to take advantage of lower costs but also involve several risks. Explore here the merits & demerits of global supply chains.

Why Your Business Needs Last-Mile Visibility

December 07, 2022 | Supply Chain Strategy

The dynamic nature of the logistics industry implies that a one-size-fits-all approach cannot be implemented in the functioning of the supply chain. What fits all irrespective of the kind, size and type of supply chain is – visibility.

In recent times, the pandemic and the Ukraine-Russia war have disrupted global supply chains. They have left enterprises with no choice but to reengineer their supply chains for better visibility and smarter systems to avoid delays and risks from unexpected events.

How Procurement Strategy Can Benefit Hospitality

December 05, 2022 | Procurement Strategy

Hospitality procurement can be a complex and demanding process with multiple stakeholders, limited budgets, and frequent last-minute requests. How do you establish a successful procurement strategy to meet your operational needs?

In today’s fast-paced marketplace, hoteliers must be prepared to react quickly and decisively in order to remain profitable. Hotel procurement departments must operate efficiently, streamline processes, and create more visibility so all team members are informed of crucial information at every step of the purchase process.

A Comprehensive Guide to Building Supply Chain Capabilities

December 05, 2022 | Supply Chain Strategy

Supply chains have become a critical part of the business strategy for many companies. Organizations are focusing on supply chain management (SCM) to effectively manage inventory, increase efficiency, and reduce the costs of procuring, storing, and transporting.

With many organizations looking to adopt technology to streamline these processes, they must have a deeper understanding of how to use SCM tools to support strategic initiatives.

GEP Spend Category Outlook 2023

Read more about GEP Spend Category Outlook 2023

It’s not easy to predict 2023 as you build an effective spend management strategy. But there are signs and trends — some clear, some hidden — that’ll guide you in the right direction.

The GEP Spend Category Outlook 2023 helps you do just that, and more.

How to Improve Strategic Cost Management in the New Normal

November 28, 2022 | Cost Management

When you’re under pressure to reduce costs, the first place that comes to mind is your supply chain. In a perfect world, you can find a supplier with lower prices for raw materials or an alternate vendor for a specific part. But in the real world, it’s not always as simple as that.

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Regional Supply Chain: How to Localize and Minimize Disruptions

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What’s Driving the Pharma Excipients Market and What Are the Hurdles?

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How a Localized Supply Chain Can Benefit Your Business

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The Advantages and Disadvantages of Global Supply Chains

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Why Your Business Needs Last-Mile Visibility

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How Procurement Strategy Can Benefit Hospitality

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A Comprehensive Guide to Building Supply Chain Capabilities

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How to Improve Strategic Cost Management in the New Normal

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