April 23, 2024 | Supply Chain Strategy
Supply chains — spread over multiple countries and involving many stakeholders — have become increasingly complex. Businesses are exposed to a wider range of risks, including natural disasters, geopolitical tensions, cyber threats, as well as regulatory changes happening elsewhere.
Effective global supply chain risk management enables enterprises to ensure business continuity, with minimal monetary impact and inconvenience. An effective risk management strategy helps enterprises build resilience and quickly adapt to unforeseen events and fast evolving market conditions.
Os CPOs estão em uma desafiadora posição: Eles estão constantemente buscando equilibrar a demanda por crescimento e inovação com a necessidade de reduzir custos operacionais.
Gerenciamento de Custos: Como Alcançar Resultados Rápidos e Sustentávis é um plano traçado a partir de conselhos de Todd Bremer, vice-presidente de consultoria da GEP, com a finalidade de executar um programa eficaz para a gestão sustentável de custos que alcance o equilíbrio adequado.
April 22, 2024 | Procurement Strategy
Supplier negotiation is part science and part art. It's a skill that all buyers need to develop to achieve the best terms and establish a good relationship with their suppliers.
Negotiating well isn’t just about talking eloquently – it requires planning, choosing the right team, and knowing what you want to achieve.
Here are the three most important things to do to negotiate well with your suppliers.
In today's competitive business landscape, harnessing the full potential of generative AI in Procurement is paramount. This white paper shows how enterprises can tap Generative AI, and why they should
April 18, 2024 | Procurement Strategy
Businesses focus on measuring their revenues and profits — because they matter. But the past three years have thrown businesses off balance by altering the procurement and supply chain landscape with unprecedented challenges. According to an Ardent Partners survey for 2023, almost 44% of the CPOs felt that the year would see a great deal of uncertainty. But with geopolitical tensions on a steep rise globally, 2024 hasn’t been too different.
April 18, 2024 | Sourcing Strategy
What are the key priorities of business leaders today?
Building resiliency, diversifying the supply base and mitigating supply chain risks while lowering costs at the same time.
Amid the prevailing economic uncertainty, businesses across industries have reassessed their priorities and strategic goals. They have also taken steps to cut down costs and protect thinning margins.
Technology leaders, for instance, have scaled back operations, reduced headcounts and pared down line items to deal with downturns.
According to Gartner®, “Supply chain organizations are focusing on resilience to manage increased disruptions to their operations, but the cost is often prohibitive. This research helps CSCOs strategically focus on and manage risk where it’s most valuable to their organizations while deprioritizing the rest.”
Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?
In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.
Key Topics:
April 04, 2024 | Supply Chain Strategy
Global supply chain networks are getting increasingly complex. Managing risks and ensuring compliance have therefore become a critical imperative across industries. From raw material sourcing to final product delivery, every link in the supply chain carries potential vulnerabilities that can disrupt operations, damage brand reputation, and incur substantial costs.
Geopolitical, economic and supply chain challenges will continue to impact the major spend categories in 2024, but help is here. In this GEP-sponsored SIG webcast — 2024 Spend Category Outlook – Key Trends & Opportunities — we outline ways to leverage the latest strategies and digital toolsets to overcome these hurdles more effectively.
