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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.
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.
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.
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.
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.
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.
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.
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.
But investing in supplychain and procurementtechnology 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.
Most of the activity that occurs behind the scenes at all stages of the supplychain involves human activity, processing transactions on screens and Excel sheets. Artificial Intelligence includes very specific technologies: Natural Language Processing, Machine Learning, Generative AI, but also Expert Systems, and Bots.
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
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?
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.
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?
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 supplychain management, tail spend and the future and digitization of procurement.
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.
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.
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). You name it, and you’ve had to navigate it.
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 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?
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.
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.
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, supplychain disruptions and geopolitical tensions.
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.
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