Continuous replenishment is a strategy in which businesses share inventory information with suppliers, allowing those suppliers to automatically replenish inventory when needed.
Automating inventory replenishment helps reduce logistics and warehousing costs and aligns production with demand. This arrangement benefits the suppliers, too, as they can effectively plan for production. Plus, this strategy eliminates the need to generate purchase orders, thereby simplifying order processing.
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART 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 data, artiﬁcial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.