Supplier Partnerships in the Digital-First Economy: How To Create Value and Drive Innovation
How CPOs can deploy fresh tools and tactics to improve supplier management
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Real-Time Supply Chain Visibility: A Shield Against Disruptions
November 09, 2023 | Supply Chain Strategy
Real-time supply chain visibility enables proactive problem-solving. It not only results in cost savings, but also mitigates risks by identifying inefficiencies and potential disruptions. Know more in this GEP blog.
Omnichannel Supply Chain Strategy
October 20, 2023 | Supply Chain Strategy
Omnichannel Supply Chain Strategy
Companies are no longer just providers of products and services. There has been a tectonic shift in customer expectations, from simply buying a product to looking forward to a better buying experience and as well as user experience. And this rise in shifting customer expectations along with the ready availability of next-generation digital technologies have given way to the omnichannel supply chain strategy.
A Deep Dive Into Upstream and Downstream Supply Chain
October 16, 2023 | Supply Chain Strategy
The supply chain is the backbone of any business, responsible for the smooth flow of goods and services from the initial production to the delivery to the final consumer. It encompasses a series of interconnected activities, including procurement, production, distribution and customer service.
Having an understanding of the intricacies of supply chain processes is crucial for businesses to optimize their operations, and it’s helpful to start by understanding some fundamental supply chain terms – upstream and downstream.
Strategic Cost Management Approaches To Unlock Growth and Increase Profitability
In today's competitive business landscape, organizations constantly look for ways to optimize their operations and improve profitability. One effective way to do this is by focusing on cost improvement.
AI-Based Contract Management: Maximizing the Value of Contracts
September 08, 2023 | Procurement Strategy
Contract management ensures that agreements are not just signed, but effectively orchestrated throughout their lifecycle. It has been a labor-intensive effort for a long time and often prone to errors.
Now, with artificial intelligence (AI) supercharging the global business landscape, an incredible transformation is silently taking place in the contract management domain. This blog delves into how AI-based solutions are revolutionizing contract management, simplifying processes, enhancing compliance, and yielding substantial cost savings for enterprises globally.
Supply Chain Leaders Prioritizing Resilience Over Speed and Efficiency, Economist Impact Study Finds
September 01, 2023 | Supply Chain Strategy
In today's volatile economic landscape, supply chain leaders are facing heightened pressures to mitigate risks and ensure resilience.
A recent survey of business executives by Economist Impact and GEP revealed a shift towards active supply chain risk management strategies, with a significant portion of leaders prioritizing resilience over mere speed and efficiency.
This paradigm shift reflects the evolving dynamics of supply chain management and underscores the critical need for its strategic adaptation.
Balancing Sustainability, Cost and Risk in Your Supply Chain
Procurement and supply chain leaders face a clear challenge: efficiently managing costs while strengthening resilience and improving sustainability. Considering that supply chain emissions account for up to 80% of an organization’s total carbon footprint, according to a GEP-sponsored North Carolina State University study, they have their task cut out for them.
How To Make Better, Faster Buying Decisions in Uncertain Times
How CPOs and CFOs can deploy fresh tools and tactics to improve their purchasing processes
Navigating the Cost-Plus World of Supply Chains: A Balance Between Resilience, Sustainability and Costs
Gain valuable insights into navigating the complexities of managing costs, resilience and sustainability.
