Taming Costs: How to Achieve Rapid and Sustainable Results
A must-read for procurement leaders who are looking to support the enterprise goal of sustainable growth while reducing costs.
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Streamlining Engineered Equipment Sourcing and Supply Chain: Strategies for Success
May 19, 2023 | Supply Chain Strategy read
Engineered equipment sourcing and engineered equipment supply chain management involve complex processes that require detailed planning, complete coordination, and proper execution. Businesses — from oil rigs to manufacturing plants — rely on engineered equipment to keep running their operations smoothly.
Budget Management Software Solutions: Streamlining Enterprise Budgeting
May 19, 2023 | Cost Management read
Budgets are an essential aspect of any successful business. Managing budgets have therefore become even more important with the availability of next-gen technology. Budget management software is an integral part of global businesses and is increasingly becoming a must-have tool for supply chain organizations looking forward to streamlining financial operations.
This blog explores the benefits of budget management software and why it's a must-have tool for any organization looking to optimize its financial processes.
The Pros and Cons of a Frenemy Supply Chain for Retailers
May 18, 2023 | Supply Chain Strategy read
Mid-sized U.S. retailers have faced a tumultuous past couple of years, with inflationary pressures and escalating supply chain costs impacting their growth and profitability. To help overcome these stumbling blocks, they have been seeking innovative solutions.
A fresh strategy that has caught the attention of mid-sized retailers is the formation of frenemy networks – collaborative initiatives between competitors to share supply chain infrastructure, improving operational efficiencies and cost savings.
Powering Up Your Supply Chain: Mastering Cable Supply Chain Strategy
May 16, 2023 | Supply Chain Strategy read
Picture this. As a supply chain manager, you just got to know that a batch of cables is running much behind the scheduled delivery time, and that too for a new project that was supposed to get kickstarted. And the consequences are comprehensible. Delays in receiving materials can spell disaster for any project.
Minimize Risk, Maximize Success: A Deep Dive into Accounts Payable Risk Assessment
May 16, 2023 | Accounts Payable read
Accounts payable risk assessment aims to identify various risks that can hamper the function’s operations and mitigate their impact. Visit here to know more.
Pipe, Valves and Fittings Category Management: Streamlining the Supply Chain
May 16, 2023 | Supply Chain Strategy read
Optimizing pipe, valves, and fittings (PVF) category management requires a thorough understanding of emerging technologies and risks. Visit this blog and explore the advantages, challenges & ways to streamline PVF category management.
Tactical Sourcing Vs. Strategic Sourcing: Understanding the Differences
May 16, 2023 | Sourcing Strategy read
Procurement and sourcing are important aspects that can affect a business’s bottom line and competitiveness. Tactical sourcing and strategic sourcing are two categories of sourcing. Learn more in this GEP blog.
4 Supplier Management Lessons from the Bed, Bath & Beyond Bankruptcy
May 08, 2023 | Supplier Management Strategy read
The criticality of effective supplier management becomes clear when we look at how retailer Bed, Bath & Beyond went from once being the largest home goods retailer in the U.S. to filing for bankruptcy.
Following the pandemic, the company struggled with high inventory costs and less consumer spending. To revive the company, it moved the strategy from selling national brands to selling private-label brands. This, however, resulted in another set of problems: longer lead times to produce and ship to stores.
Lieferkettensorgfaltspflichtengesetz: Wie man die Einhaltung des neuen deutschen Lieferkettensorgfaltspflichtengesetzes sicherstellt
Das im Januar 2023 in Kraft getretene deutsche Lieferkettensorgfaltspflichtengesetz verlangt von Unternehmen, Menschenrechts- und Umweltrisiken zu bewerten. Dieser GEP-Bulletin beschreibt, wie Unternehmen konform mit dem neuen Gesetz bleiben können.