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But now we are seeing an entirely new type of services firm in the supply chain world – a service provider that does the planning and takes ownership of the inventory. This model comes from a partnership between GEP and Eliant Inventory Solutions. GEP offers procurement and visibility/fulfillment orchestration applications.
Supplier problems will cause a cascade of problems up and down the value stream, leading to supply order delays that cause inventory shortages, production disruptions, missed shipments and lost revenue. Alex Zhong is Director of Product Marketing at GEP.
Alex Zhong, Director Product Marketing at GEP. GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization.
This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice.
Is more inventory the answer? Read this latest GEP paper to learn how enterprises can ensure adequate supplies without running excess inventory. Just-in-time supply chains worked just fine — until they didn’t. It’s not a binary solution.
A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives.
As reported by Matt Rickerby of Extensiv , “Inventory analytics are an essential part of any inventory management solution. They give you valuable data about how your inventory is performing, how much it costs, and more. How to Improve Your Multi-Location Inventory Management.” link] , [link] Accessed 10 March 2023.
A recent study by Harvard Business Review Analytic Services and GEP, reinforces this fact as more than 72% of companies believe their key supply chain capabilities including supply planning, demand planning, warehousing and logistics, procurement, and inventory management ought to be digitally immature. Optimised operating costs.
SMEs and large enterprises are opting for the latest technologies and services to principally manage product details, payment systems, and inventory. Various brands offering a huge variety of products on different channels find it difficult to manage the inventory and product data. Sigma Systems, Coupa Software Inc., Major Highlights.
That could signal even more added inventory exposures. A prior consensus of a belief that the second half of this year will present more normalcy continues to remain uncertain given a global inventory overhang being still evident and added signs that global wide product demand levels remain subdued.
That assessment comes as a result of 10 months of subdued demand, inventory de-stocking, and high interest rates, the New Jersey-based company said in its “The GEP Global Supply Chain Volatility Index.” But a key focus right now for Amazon is using AI to figure out where to place its inventory.
It’s a form of supply chain digitization that ensures every element, from sourcing raw material inventory to product delivery, is coordinated and managed through a centralized platform. The need for more SKUs increases complexities in sourcing, procurement, inventory management, package tracking — the list goes on.
This is leading to an inventory pile-up of processors and memory chips used in PCs. Some retailers are learning to love bulked-up inventories. The companies building their inventories are looking to ensure they have items on hand at the right moment. Walgreens takes its delivery service round the clock. That’s all for this week.
Procurement and supply chain executives are on the “same team” – and in general, a recent study conducted by the SCRC and GEP suggests that there is strong alignment between the two functions when it comes to prioritizing lower risks and reducing uncertainty in supply chains.
based, and other businesses have immediately initiated another round of inventory front-loading purchases from China based factories in an effort to buffer the impacts of such levels of tariffs on future sales and profitability levels. Initiation of Forward Buying After the initial Trump announcements, U.S.
The Supply Chain Matters blog highlights this weeks published index data that reinforces that North America based manufacturers have initiated unseasonal forward loading on inventories. Major Regional Highlights The report indicates that in November, North America manufacturers inventory safety stockpiling were the most pronounced since July.
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