article thumbnail

The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

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.

article thumbnail

How is the Logistics Economy Holding Up?

Logistics Viewpoints

Source: J.P. Morgan Global Manufacturing PMI compiles data from S&P Global and other sources from countries across the globe and weighs the countries based on annual manufacturing value added. But for now, let’s take a look at the most recent and relevant macroeconomic indicators to look for insights.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024 Supply Chain Predictions – Relative Stability and a Migration to the Mean

Logistics Viewpoints

Media sources are filled with prognostication. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. The end of the calendar year is sure to bring about predictions about the year ahead.

article thumbnail

Why Supply Chain Convergence is Critical to Greater Agility and Resilience

Logistics Viewpoints

Many factors need to align for an organization to be able to source materials, produce a product and put it in the hands of customers. 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.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions.

article thumbnail

Essential Technology Capabilities for Supply Chain in 2023

Logistics Viewpoints

Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Alex Zhong is Director of Product Marketing at GEP.

article thumbnail

5 Supply Chain Collaboration Essentials to Mitigate Disruptions

Logistics Viewpoints

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.

article thumbnail

How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

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. The result was a year-over-year savings of more than 3%. This is essential reading for all procurement and supply chain leaders.

article thumbnail

How to Avoid the Pitfalls of Contract Management in Telecom & High-Tech

In "How to Avoid the Pitfalls of Contract Management in Telecom and High-Tech," GEP experts outline a four-pronged approach to getting contract management under control once and for all.

article thumbnail

How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.