November 11, 2022 | Supply Chain Software read
Despite being a trillion-dollar industry, the pharma supply chain is underperforming. The pandemic, skilled labor shortage and the absence of digital transformation have exposed the gaps in pharma supply chains, as is clear from the NC State’s Supply Chain Resource Cooperative data.
November 04, 2022 | Accounts Payable read
Managing an organization’s Finance and Accounting (F&A) processes is a vital business function involving the organization’s financial planning. Accounts payable is a critical transactional process directly impacting cash outflow and supplier relationships.
Most organizations find the management of accounts payable challenging due to delays in payment, the high costs of processing, and the potential for monetary losses due to errors and fraud.
August 16, 2022 | Supply Chain Software read
In the aftermath of recent supply chain disruptions, many businesses have launched digital transformation initiatives. Their objectives are multifold — leverage advanced technology and tools, automate manual work, mitigate risks, and build resilience.
However, not all of them are succeeding in this initiative. Many of the transformation initiatives aren’t making sufficiently deep enterprise-wide impact.
In fact, there is high probability of the project failing to meet the desired outcomes.
July 22, 2022 | Supply Chain Software read
Before the onset of the pandemic in 2020, many businesses perhaps had little idea what a large-scale disruption could do and how it could impact their daily operations.
Here’s some data to understand the immediate impact of pandemic-induced disruption on small businesses.
According to the April 2020 Current Population Survey (CPS), the number of active business owners in the United States plummeted by 3.3 million or 22% over the two-month period from February to April. This was the largest drop on record.
July 22, 2022 | Supply Chain Software read
The past two years have been very challenging for businesses across industries, with many finding themselves in the midst of what is perhaps the longest disruption till date.
To mitigate the impact on business and prepare for the future, many have decided to leverage technology and digitalize supply chain operations.
But how exactly does a digital supply chain work? And more importantly, how can supply chain digitalization benefit your business?
June 01, 2022 | Market Intelligence read
Labor shortages, wage inflation, and add to that supply chain pressures.
How do companies keep the rising input costs in check?
One effective way has been automating some of the procurement and supply chain processes. Robots and autonomous systems have been able solve many issues related to workforce crunch and process inefficiencies in several industries.
March 31, 2022 | Supply Chain Software read
It’s not business as usual for utilities anymore as they transition from fossil fuels to renewable energy to reduce carbon emissions.
Then there are changing regulatory requirements, increased price pressures, aging infrastructure, pandemic-induced supply chain delays, technological disruptions and shifting market dynamics due to the Russia-Ukraine war.
We’ve earned a high ranking once again. GEP has been named a Leader in Procurement BPO and Digital Transformation Services globally for both large and midmarket enterprises in a 2022 ISG Provider Lens™ quadrant report.
This doesn’t come as a surprise though, given what we offer.
In fact, ISG, a leading technology and research advisory firm, has given us this honor for the second year in a row.