Revolutionising Procurement: Harnessing the Potential of AI and Next-Gen Technologies
Listen to industry experts discuss how procurement and supply chain leaders can leverage emerging technologies and transformative tools.
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Why External Market Signals Matter for Intelligent Category Management
September 08, 2023 | Procurement Software
Procurement teams today are constrained and asked to do more with less. The dynamic external environment (M&As, supply chain disruptions, pandemic, trade wars, etc.) is adding to the complexity.
Getting hold of the current situation in your organization can itself be a task, with data dispersed across different systems that don’t talk to each other.
Supply Chain Digital Interviews GEP President Neha Shah on Gen AI’s Impact on Procurement and Supply Chain
September 05, 2023 | Procurement Software
There is a tremendous opportunity to apply artificial intelligence (AI) to transform supply chain and procurement operations globally, uncover new value, decrease risk, automate processes and build competitive advantage.
In its September cover story, Supply Chain Digital Magazine sat down with GEP President and Co-founder Neha Shah to discuss what’s hype and what’s actually happening in the AI space.
Why No-Code Low-Code Solutions are Key to Building Supply Chain Resiliency
September 01, 2023 | Supply Chain Software
Technology teams in most businesses are overworked because of multiple requirements across different business functions. They often have a huge backlog and need to perform multiple tasks on a daily basis.
But they can heave a sigh of relief now with the division of core workload with their non-technology counterparts.
In fact, gone are the days when businesses had to depend completely on their IT teams to build new capabilities and configure workflows.
Procurement Software Today: What Buyers and End Users Really Want
This white paper highlights the most important capabilities for procurement software today, as seen in real software reviews of GEP SMART. The best procurement software in the market emphasizes end-to-end capability, integration with legacy systems, AI-powered insights, cloud-native architecture and an intuitive UI.
How to Mitigate Third-Party Risk With Intelligent Category Management Software
August 21, 2023 | Procurement Software
Category management has been a priority for CPOs over the last few years, but both internal and external challenges are holding category managers back from delivering value.
Internally, few companies are able to get accurate, detailed visibility into their spend and contracts. Externally, companies have difficulty forecasting market changes or predicting disruptions or changes in supply or supply chain risks, including third-party risks.
Retail Sourcing: Decoding the Complexities
August 01, 2023 | Sourcing Technology
Retail sourcing, with its unique nature, comes with a set of specific challenges.
From mastering the intricacies of demand forecasting to ensuring ethical practices across our supply chains, retail sourcing can be daunting.
Let's look at some hurdles, common missteps to sidestep and how source-to-pay platforms are making the process easy.
Category Management: What It Is and Why It’s Important
July 31, 2023 | Procurement Software
In the dynamic landscape of supply chain and procurement, category management plays a crucial role in driving deeper efficiency and cost reduction. By strategically organizing and managing similar goods and services into categories, businesses can leverage economies of scale, enhance supplier relationships and drive innovation.
Consulting Services: How to Use the Control Tower Approach to Manage Spend
July 05, 2023 | Procurement Software
Consulting services can be a valuable asset for enterprises, but they can also be a significant expense. Managing consulting spend is a vital part of the procurement process. Controlling this cost effectively becomes a significant milestone, especially in challenging economic times when cost reduction is a priority. That's why it becomes imperative for procurement leaders to have a clear understanding of their consulting spend and to put in place processes to manage it effectively.
On-Prem vs. Cloud: Which Is Right for Your Business?
June 30, 2023 | Technology
More enterprises around the world are adopting cloud computing and moving away from on-premises (on-prem) data centers. To balance the transition, some of these companies have adopted a hybrid approach, which consists of the integration of their systems with on-premises and cloud data centers.
Data center operations can be divided into two main types: on-premises (on-prem) and cloud.