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The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point.
This model comes from a partnership between GEP and Eliant Inventory Solutions. GEP is one of the relatively rare companies that is simultaneously a software company, a consultant, and a services provider. GEP offers procurement and visibility/fulfillment orchestration applications. It has outsourced manufacturing.
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.
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. Alex Zhong is Director of Product Marketing at GEP.
And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Autonomous procurement to track and alert a user to market changes and create procurement activities. Alex Zhong is Director of Product Marketing at GEP. 2] ibid.
In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supply chain and procurement operations. Alex Zhong is Director of Product Marketing at GEP.
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.
SCCN suppliers like Emerge, GEP, and Coupa provide good network visibility to procurement; solutions from FourKites and project44 provide visibility to shipments; and solutions from Interos or Eversteam Analytics provide visibility to new risks in almost real time.
Uncertainty is looming and the challenges supply chain and procurement leaders have been facing since the pandemic are unlikely to end in 2023. Read the GEP Outlook 2023 report to navigate what lies ahead. What do leaders need to know?
Procurement specialists can use eAuctions to engage and negotiate with more vendors utilizing an organized approach which thus eliminates any need for cumbersome one-on-one meetings. Throughout a genuine and collaborative cooperation with business vendors, they produce innovative approaches to current procurement difficulties.
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.
Claritum Article - Procurement Blog. We’ve compiled a list of some of the best must read procurement white papers and analyst reports (in no particular order of importance or preference) covering a variety of topics such as supply chain management, tail spend and the future and digitization of procurement. Why Not Both?
When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.
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.
Alan Dunning is the principal supply chain manager (procurement and contracts) for Worley. Urvashi Carraway, a project procurement manager for Worley, and colleague Zakk White, a senior buyer, have seen first-hand that ERPs have serious limitations. SAP’s latest incarnation, SAP S/4 HANA, has a much more user-friendly interface.
The latter has been reinforced by the April GSPI Index from the New York Federal Reserve , and now, the reported May GEP Global Supply Chain Volatility Index which indicated that “ for the first time since June 2020, global chain capacity is now underutilized, indicating a shift to a buyers’ market.
Supply Chain & Procurement: Key Trends, Challenges and Opportunities. Supply chain and procurement leaders need to know how to navigate an altered playing field and rethink their approach in 2022 in a never-normal world.
Procurement technology has seen a lot of changes right from its inception. From simple spreadsheets and e-auction tools a decade ago to the end-to-end procurement platforms of today – the software has become more powerful, proficient and competent. Cloud Computing. Big Data Analytics. Conclusion.
While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. The Winner Takes it All.
While some still argue the point and there is some commentary in the S2C Wave about niche solutions being pulled in when non-procurement stakeholders are involved, the overall message is clear – suites have prevailed. Procurement leaders today see the value of suites and the market has responded. Lesson 2: The Winner Takes it All.
Review of Procurement and Sourcing Technology Tools from EC Sourcing Group. FROM GUEST BLOGGER, KUMAR KANNEN at Procural www.procuralservices.com. Sourcing suites include the likes of Coupa and GEP, which cater to end to end sourcing activities. Let us address head on the debate around suites versus best of breed (or niche).
In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). You name it, and you’ve had to navigate it.
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.
The need for more SKUs increases complexities in sourcing, procurement, inventory management, package tracking — the list goes on. Economic implications of converged supply chains According to a white paper by GEP , one of the most common concerns raised by supply chain leaders was related to supply chain gaps resulting in higher costs.
The procure to pay focus may continue, but other types of COE activities are layered on top, building on progressively more sophisticated activities such as KPI development, category intelligence support, risk management, contract management, and predictive analytics.
Prediction Implications The basis of our 2025 prediction is that Chief Supply Chain Officer s or Chief Procurement Officers efforts directed at short and longer term component and production sourcing strategy setting will be all consuming, depending on specific industry. billion in funds.
What are the risks for procurement in 2023? Read the GEP Spend Category Outlook 2023 report now to build successful spend management strategies across 22 indirect & direct categories. What should leaders do to deliver value amid uncertainties?
Latest Supply Chain Volatility Index The GEP Global Supply Chain Volatility Index published in conjunction with S&P Global and GEP is an indicator that tracks demand conditions, material shortages, inventory levels and backlogs based on PMI reported survey of upwards of 27,000 companies in over 40 countries.
Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. The GEP Outlook 2024: Procurement & Supply Chain report analyzes global business trends and explores seven vital leadership themes that will equip you to make the most of the year ahead.
GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024. This must-read annual report informs procurement and supply chain leaders of the types of risks to expect and their levels of impact.
The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. To prepare for all eventualities, grab your copy of the GEP Spend Category Outlook Report 2025.
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?
This World Economic Forum-GEP report offers a holistic procurement process and structured framework to select responsible AI tools. As artificial Intelligence (AI) becomes more prevalent, it’s crucial that firms adopt AI technology responsibly. Download the report today.
Download this report, from a GEP-sponsored survey from ISM, to check your performance and see how your peers are reaching their transformation goals. Is your digital transformation working, or is it still a work in progress?
Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digital supply chain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.
But investing in supply chain and procurement technology will help manage inflationary pressures better. Here are 3 tools that GEP recommends for your company to use. As inflation and geopolitical instability worsen, many companies are going slow on investments.
For supply chain and procurement pros, cost reduction is a top priority today. This timely new paper from GEP explores powerful and effective digital levers that can help you to slash costs and create more value for the business. Read it now.
With disruptions looming, procurement and supply chain managers are stepping up their game. This new report from The Economist and GEP explores how procurement and supply chain professionals are responding to shifting business dynamics. No wonder, resilience is a top priority today. And guess what?
In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.
A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. This is essential reading for all procurement and supply chain leaders.
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