Direct Materials Sourcing: New Tools, Fresh Approach Rethinking Direct Materials Sourcing: The Tools You Need to Manage Costs, Risks and Sustainability

A MUST-READ FOR PROCUREMENT LEADERS AND CPOS

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Direct Materials Sourcing: New Tools, Fresh Approach

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.

While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

A new GEP-sponsored SMI white paper — Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability — delves into the shifting dynamics of direct materials sourcing, addressing challenges and advocating for a strategic reassessment to drive operational enhancements and elevate job satisfaction in this evolving landscape.

Why Read This Paper

Overcoming Challenges

Lack of visibility and poor communication are among the roadblocks to direct materials sourcing

Balancing Requirements

Procurement needs to factor in cost, risks and sustainability goals when managing suppliers

Empowering Decision-Makers

The right platform is critical to revamping your approach to direct materials sourcing

Your Action Plan for Leveraging the Next Wave of Direct Materials Sourcing. Get It Now

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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.

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