Why Sustainable Procurement Needs Ethical AI

November 27, 2021 | Procurement Software read

For many companies across the world, the pandemic and growing business uncertainties have acted as a catalyst for rapid digital transformation of procurement and supply chain.

As companies look to deploy AI-powered technologies, their objectives are clear: automate time-consuming manual processes, use real-time data and insights and, perhaps most importantly, mitigate risk.

While AI Optimizes Procurement, Don’t Forget Sustainability

November 09, 2021 | Procurement Software read

Ask business leaders about their plan to mitigate risk and counter disruption and their answer is likely to be similar -- build resilience, deploy technology and bring on digital transformation.

Today, the general notion is that technology can bail businesses out of the current crisis and shield against potential disruptions.

How AI Can Accelerate Procurement’s Transformation into a Strategic Function

Read more about How AI Can Accelerate Procurement’s Transformation into a Strategic Function

AI-powered solutions have the potential to reshape procurement’s role in the enterprise, but challenges remain. How can CPOs leverage AI’s significant strengths to reinvent procurement? How can AI help unlock valuable data?

New GEP-sponsored SIG research — How AI Can Accelerate Procurement’s Transformation into a Strategic Function — takes a deep dive into the potential for AI to drive innovative procurement processes.

What’s Inside:

Demand Sensing: Are You Picking up the Right Signals?

July 01, 2021 | Supply Chain Software read

Supply chain disruptions accompanied by sudden surges in demand have caught many businesses off guard these days. This growing uncertainty in a pandemic-hit economy has compelled businesses to find new ways to accurately determine demand.

But in a rapidly changing market, how can you estimate demand, that too with precision?

Let’s find out.

Do You Do Supply Chain Forecasting With a Rear-View Mirror?

April 23, 2021 | Supply Chain Software read

Supply chain organizations continue to direct their attention and energy to maintaining the right amount of inventory.

Too little and you run out of stock and drive away customers. Too much and you pay more for storage and live in the constant fear of price drops.

It’s a constant challenge and therefore an absolute necessity to map out in detail the vulnerabilities and weaknesses.

The key to keeping up and staying ahead of the curve is supply chain forecasting.

How AI-powered Supply Chains Turn Real-Time Data into Insights

April 08, 2021 | Supply Chain Software read

During the height of the pandemic, essential goods were suddenly hard to come by. There was plenty of data pointing to empty store shelves. What was lacking was the ability to turn information into actionable insights quickly.

While there was wealth of information about where supply chain was breaking down, legacy systems could not keep up —hampering supply chain demand planning.

Turn ideas into action. Talk to GEP.

GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.

Alex Zhong
Director, Product Marketing

Alex has more than 20 years of practical experience in supply chain operations and has advised many Fortune 500 companies on their digital transformation. At GEP, he leads product marketing for the company’s AI-enabled supply chain solution. He is passionate about the role technologies play in driving supply chain excellence and business growth.

LET'S TALK

Automation and Cloud Based Software Are Transforming Inventory and Warehouse Management

February 12, 2021 | Supply Chain Software read

Inventory management solutions are critical elements of a business’s infrastructure, whether that business is a convenience store or a multinational corporation.

Good inventory control means keeping track of goods throughout their lifecycle and ensuring that products are maintained at optimum levels. This helps to avoid stockouts and minimize bullwhip effects resulting from the inefficient transmission of demand signals through the supply chain.

However, lack of visibility into inventory is still an all-too-common problem.

When AI Meets Should-Cost Models and Strategic Sourcing

February 12, 2021 | Procurement Software read

Chief procurement officers globally have listed “delivering cost savings” and “driving operational efficiencies through technology” as two of their top five priorities for 2021.

This is understandable, given the disruptions organizations have just faced amid the pandemic, with loss of cash flow, broken supply chains and heightened supplier risks.

Turn ideas into action. Talk to GEP.

Samir Patel
Vice President, Consulting

Samir leads GEP’s chemicals vertical. He has over 17 years of industry and consulting experience in implementing cost reduction programs at Fortune 500 clients. He has delivered significant value to clients through strategic sourcing, category strategies and best practices, M&A synergy savings, and procurement transformation, in addition to leading procurement execution and strategy for integration and divestitures.

LET'S TALK

Sourcing and Implementing Chatbots: A Guide for Procurement Pros

Read more about Sourcing and Implementing Chatbots: A Guide for Procurement Pros

Advancements in AI technology are making chatbots an attractive proposition for insurance firms with multiple products. But as with any customer-facing innovation, implementation is everything. Procurement organizations can help insurance firms get the most out of chatbot technology to reduce business costs and operate with greater efficiency.

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Why Sustainable Procurement Needs Ethical AI

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While AI Optimizes Procurement, Don’t Forget Sustainability

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Demand Sensing: Are You Picking up the Right Signals?

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Do You Do Supply Chain Forecasting With a Rear-View Mirror?

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How AI-powered Supply Chains Turn Real-Time Data into Insights

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Automation and Cloud Based Software Are Transforming Inventory and Warehouse Management

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When AI Meets Should-Cost Models and Strategic Sourcing

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