December 21, 2022 | Procurement Software
Cognitive procurement leverages the power of artificial intelligence (AI) and machine learning (ML) to automate and optimize the procurement process. It is revolutionizing the way businesses source, procure and manage goods and services. With cognitive procurement, companies can anticipate customer needs and create more efficient supply chains.
In this blog, we’ll look at the advantages of cognitive procurement, strategies for implementing it, use cases and ways to create a successful cognitive procurement plan.
December 19, 2022 | Inventory Management Software
The unprecedented events of recent years have changed the way businesses operate.
Small businesses, which were among the worst hit, look to transform their supply chain operations. One of their key priorities in this process is to streamline inventory and warehouse management.
The C-suite is laser-focused on enhancing supply chain performance and resiliency, given the current environment. Meeting these needs requires an investment in technology and data management tools to boost visibility and collaboration. Where do you stand in the quest to future-proof the supply chain?
December 07, 2022 | Supply Chain Software
Amid soaring inflation and rising manufacturing costs across the world, it is important for procurement organizations to track the parameters that drive should cost models and how they can leverage these should cost models.
Some of the key indicators on the should cost drivers are:
This gives buyers an insight into how prices have fluctuated and what kind of trend they can expect in future pricing.
The various factors driving these costs include: -
GEP is named a Leader in the November 2022 Gartner® Magic Quadrant™ for Procure-to-Pay Suites.
GEP, a leading provider of procurement and supply chain software to Fortune 500 and Global 2000 enterprises worldwide, has been recognized for Completeness of Vision and Ability to Execute. This is the fourth consecutive year that GEP has received this Leader recognition from Gartner® for our P2P.
November 23, 2022 | Accounts Payable
Accounts payable invoices must go through numerous processes before they are approved. One of the first steps is to establish whether the invoice includes a matching purchase order (PO). What exactly is a PO invoice, and what distinguishes it from a non-PO invoice? Here's all you need to know.
November 22, 2022 | Supply Chain Software
The supply chain network design is defined as a working model that delineates the overall framework of a supply chain to assess the time and costs required to bring goods to the market. This model helps a business spot inefficiencies and potential risks in the supply chain. The model also helps analyze "what if" scenarios to optimize operations, reduce costs, improve service and increase responsiveness.
If you’re looking for market-leading digital transformation and procurement technology, look no further than GEP. Our unified procurement software platform drives greater efficiency and performance with a comprehensive solution for direct and indirect sourcing. And we’re not the only ones who know it.
GEP has been named a Value Leader—the highest ranking—in the nine most critical categories in the Spend Matters Fall 2022 SolutionMap, which ranks supply chain and procurement technology based on technical scores and customer satisfaction.
Dealing with today’s unpredictable world and preparing for the future requires organizations to move from a linear supply chain — which is only as strong as its weakest link — to an interconnected, multidimensional supply network that’s resilient, secure and agile. The ability to collaborate with the entire supplier ecosystem is crucial for the supply chain of the future.
