This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For managed transportation services, a best of breed transportation management system is at the heart of the service. This is much less common than contract logistics or even managed transportation. This model comes from a partnership between GEP and Eliant Inventory Solutions.
But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. The decline in transportation costs reduces the volatility index reading but is surely a positive for shippers. The HCOB Germany PMI , which registered 39.6
This article is from GEP and look at the impact of EV boom on the oil & gas market. The rising popularity of electric vehicles (EV) is not only reducing the consumption of diesel and gasoline in the transportation sector but also impacting oil and gas exploration and production activities. petroleum consumption.
It is these changing constraints, transportation capacity, and bottlenecks across an entire ecosystem that matters. They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. The lack of predictability leads to higher costs and worse service.
has the potential to align ERP systems, demand forecasting systems, procure to pay (P2P) systems, transportation management systems (TMS) and Warehouse Management Systems (WMS). But can we also overuse the technology, and risk the possibility of ruining our brand if we use it for something we shouldnt.
Using a unified platform, organize the processes of proposal gathering, vendor selection, bid comparisons, approval procedure, transactions, financing, and transportation tracking and management (Gep, 2021). . Thank You | GEP. Bibliography. 2021, 10 21). Retrieved from teamprocure.com: [link]. 2020, 4 28). 2020, 4 28).
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. In addition, rampant inflation exceeding 7% has emerged in 2022, as a result of labor shortages, increased transportation costs, and surging commodity prices.
The Shipper’s Role in Global Fulfillment and Trade Shippers are responsible for transporting goods from the point of origin to the end of consumption. They are also responsible for selecting carriers and modes of transportation that are environmentally sustainable and socially responsible.
From warehousing and transportation management to order fulfillment and inventory management, 3PLs have revolutionized how companies approach their logistics needs. Image credit: GEP Just imagine, if your data isn’t giving you the whole picture of what your inventory status is, then you might be ordering excess stock.
freight railroads have reported strong profits in recent years, helped by higher prices and steady business in transporting everything from automobiles to fertilizer. and BNSF Railway have issued more embargoes—restrictions placed on the amount of cargo that can be transported—than in previous years. The largest U.S.
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.” One area is in transportation, such as mapping and planning routes, taking into account variables like the weather, Perego said.
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.
Sourcing suites include the likes of Coupa and GEP, which cater to end to end sourcing activities. It is very useful for example in transportation, MRO, and temp labor bids. A user with large transportation or MRO spend can benefit greatly from this tool. Time to evaluate proposals will also be reduced significantly.
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.
A CPO for a transportation manufacturing equipment provider noted: RPA will have a big impact on COEs, especially on the lower end of the system. Beroe, Spend Cube, GEP, and others), who combine pre-developed reports along with consultative services to provide deep insights into markets.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content