January 03, 2024 | Supply Chain Software
December 29, 2023 | Supply Chain Software
Implementing new technology ranks among the most pivotal initiatives supply chain leaders can undertake to improve operations.
In recent Economist Insight research commissioned by GEP, 63% of procurement and supply chain leaders surveyed indicated that adopting technology to increase supply chain visibility is a top priority.
At the same time, many leaders still delay upgrades in order to preserve status quo systems.
December 13, 2023 | Supply Chain Software
Today’s complex global supply chains face numerous challenges -- from disruptions and changing demand patterns. Supply chain leaders have the tough job of ensuring supply continuity, reducing costs, meeting customer demands and supporting business growth.
November 28, 2023 | Supply Chain Software
It’s clear that supply chains today face unprecedented disruptions -- from natural disasters to geopolitical conflicts. However, the right supply chain management tools can enable resilience even amidst volatility.
As businesses equip themselves with solutions to navigate uncertainty, they seek systems that not only optimize current processes but also rapidly adapt to the challenges of tomorrow.
October 31, 2023 | Supplier Management Technology
Amid the changing dynamics of global supply chains, sourcing reliable suppliers, ensuring their adherence to quality standards, and managing potential risks remain top priorities for procurement. This mandate is further complicated by the sheer volume of suppliers and the evolving market conditions. Every misstep in choosing a supplier can lead to operational disruptions, financial setbacks, or even reputational damage.
October 30, 2023 | Supply Chain Software
Demand forecasting plays a crucial role in supply chain planning. By accurately predicting future demand, businesses can optimize their operations, minimize costs, avoid stock-outs, and enhance customer satisfaction.
In this comprehensive guide, we will explore the key processes and techniques involved in demand forecasting, highlight the importance and benefits of accurate forecasting, and provide practical tips to improve your demand forecasting processes.
October 16, 2023 | Inventory Management Software
It’s clear that lack of visibility into inventory levels, especially in complex supply chains and during supply chain disruptions, can result in inefficiencies. Obsolete inventory poses financial burdens, and managing seasonal fluctuations is a constant balancing act. Inventory holding costs, regulatory compliance and sustainability concerns also factor into the equation.
October 09, 2023 | Procurement Software
During a public health crisis, people take steps to safeguard their health, as the world saw during the COVID-19 pandemic. They adopted new best practices, new innovations and new ways to collaborate. During an economic crisis, businesses must take a similar approach to safeguard their financial health.