Supply Chain Success: Balancing Costs, Sustainability and Resilience Supply Chain Success: Balancing Costs, Sustainability and Resilience

A MUST-READ FOR SUPPLY CHAIN AND PROCUREMENT LEADERS

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Supply Chain Success: Balancing Costs, Sustainability and Resilience

The latest GEP-Economist Impact report reveals that more than half (57%) of enterprises recognize that they need greater transparency and control over supply chains. To bolster resilience, businesses are implementing real-time visibility systems and stress testing their supply chains, according to the report, Navigating the Cost-Plus World of Supply Chains: A Balance Between Resilience, Sustainability and Costs.

With that said, there must be a balance between risk and resilience. The research uncovers a notable surge in active approaches to mitigating supply chain risks — up to 38.5% in 2023 from 30% in 2022.

Why Read This Research Report

Managing Risk

39% are incorporating data and software in risk management to enhance supply chain visibility and reduce risk

Increasing Inventories

More than half of business leaders surveyed indicated that building inventories is a high priority

Improving Sustainability

Aligning with diverse private (29%) and governmental standards (27%) are among the main barriers

GEP-Economist Impact Study: More than Half Need Greater Supply Chain Visibility. Read Now

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GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.

Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.

A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.

GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.

GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.

Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.