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SupplyChain Resilience Depends Upon End-to-End Visibility Service companies, where one firm takes over a set of duties that used to be done in-house, is quite common. In supplychain services, the services company plans and executes on behalf of their clients. Orchestration is based on their GEP NEXXE application.
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Demands of quickly securing alternative sources of supply due to market changes, supply shortages and disruptions. Alex Zhong is Director of Product Marketing at GEP.
Having an effective supplychain practice has always been a difficult balancing act, even in relatively stable times. The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supplychain and procurement operations. Gap between supplychain and procurement.
Few organizations are immune to the effects, which are acutely felt in supplychains — and the more complex they are, the greater the probability of interruptions. The study found that these leaders considered the largest gap to be between supplychain and procurement, citing it as a major issue. Collaboration is Key.
The technological landscape is dynamic and changes quickly. And for procurement and supplychain 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.
And Logistics Viewpoints has a history of its own supplychain predictions for the year ahead. My colleagues and I will likely publish a detailed list of predictions related to supplychain operations and technology. Final Word Many of the supply-side constraints that occurred during the pandemic have subsided.
ARC has done research and writing on supplychain collaboration networks. A supplychain collaboration network (SCCN) is a key technology for improved collaboration across an extended supplychain. SCCN solutions provide supplychain visibility and analytics across an extended supplychain.
Alex Zhong, Director Product Marketing at GEP. GEP and the North Carolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from GEP and look at the impact of the SEC’s climate disclosure proposal. For a more resilient supplychain, focus on sustainability.
But investing in supplychain 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.
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 supplychain and procurement operations. Alex Zhong is Director of Product Marketing at GEP.
Considering today’s modern online procurement technologies, customers and sellers may interact from all over the globe to compete for goods and services. eAuctions technology can reduce the cost of purchasing products and services by up to 20%. These reductions are substantiated by eAuctions software providers Cimmra.
A new study that the SCRC published with GEP examines the increasing pressure that supplychain executives are getting when it comes to responding to supplychain disruptions. In this study, we explore the primary forms of misalignment that exist between supplychain and procurement executives. (We
Environmental, social, and governance (ESG) and its growing importance in supplychain management is a top priority for global fulfillment managers. ESG supplychain management is critical to maximizing the benefits of omnichannel ecommerce and warehousing and distribution services. Consider the impact in the value chain.
Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supplychain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively.
The pandemic has catalyzed supplychain transformation for many global retail enterprises. As a direct outcome, erratic fluctuations in demand have destabilized almost every leg of the global retail supply chain.Today, 96% of retailers are all set to make their supplychains more agile while 90% say they need to be more resilient.
Catalog Management Software enriches product data by facilitating the editing and modifying product information which is useful for merchants and customers as it helps in managing product data in a single system and offers a rich experience to the customers. Sigma Systems, Coupa Software Inc., Coupa Software. CA Technologies.
Enterprise software as a concept is dead. A cloud-native platform should be your #1 criterion when evaluating supplychainsoftware. In the future, if ERP tools survive, they will become platform aggregators that serve as a kind of control tower. The fatal flaws of ERP in supplychain.
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 supplychain management, tail spend and the future and digitization of procurement. The Digital Supply Network. by.
Procurement and supplychain 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?
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 SupplyChain Volatility Index.” The drone was still hovering above as officers calmly drove up after the bikes were hidden to make arrests safely.
Read the GEP playbook for a deep dive into the demanding fulfillment constraints organizations face and how operating models are evolving through technology and innovative approaches to meet modern demands.
When it comes to supplychain management , most ecommerce businesses are prepared for the worst while hoping for the best. Many business owners experienced what a disruptive environment truly feels like when supplychains around the world were challenged during the COVID-19 pandemic. What is supplychain convergence?
Merchants including Dick’s Sporting Goods, Lowe’s, and Walmart say the rising stocks signal a recovery from last year’s shortages driven by supply-chain disruptions and put them in a strong position to take advantage of consumer demand this holiday shopping period. CVS has equipped roughly 8,000 of its more than 9,000 U.S.
In 2025, many challenges will persist, but procurement and supplychain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI).
In 2025, we will likely see many supplychain organizations creating multi-purpose COEs that carry out several different processes. In the P2P space, it is also important to note that the role of robotic process automation (RPA) and AI will further enhance the capabilities of COEs to efficiently manage transactional work.
The Ferrari Consulting and Research Group, through its affiliated SupplyChain Matters blog shares excerpts of select individual predictions that will be included in our annual 2025 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. billion in funds.
The SupplyChain Matters blog highlights this weeks published index data that reinforces that North America based manufacturers have initiated unseasonal forward loading on inventories. Background In a prior SupplyChain Matters posting in late November, we highlighted U.S. There is now added evidence of such actions.
A lack of collaboration is one of the leading causes of supplychain headaches. GEP offers 5 remedies to ease your pain. Download this guide for must-have tools and processes for better supplier interactions.
Low-code/no-code is a powerful innovation in software development that’s already redefining what’s possible with digital supplychain and procurement platforms. Read this whitepaper from TechTarget and GEP to see how it can benefit your enterprise.
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.
A new survey shows 55% of enterprises anticipate a major supplychain disruption to strike any time. With disruptions looming, procurement and supplychain managers are stepping up their game. What new tools and strategies can help? No wonder, resilience is a top priority today. And guess what?
The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supplychain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.
Continual technological changes necessitate adjustments to manufacturing and supplychain processes, leading to a heavy volume of contracts that outpaces most industries. The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly.
In the face of volatile macroeconomic conditions and other complex challenges, supplychain 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.
Companies like Bayer AG and Akamai coped with recent supplychain disruptions much better than their peers. Read this new HBR – GEP report on new tools and strategies to mitigate supplychain risk. What did they do differently?
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