July 11, 2022 | Supply Chain Strategy read
Over the last couple of years, the health care industry has seen significant changes in terms of new regulations, procurement, logistics and distribution. The market uncertainties, led by the COVID-19 pandemic, have further made many sets of the supply chain obsolete, with the need for a complete overhaul of the health care supply chain and its management.
There’s a paradigm shift happening in the world of supply chains.
While cost and efficiency continue to be in focus, resilience is becoming a top priority, as revealed in a new study by The Economist — 75% of participants said they need to make significant changes to their supply chains over the next 12 months to better cope with supply chain disruptions.
July 07, 2022 | M&A read
Mergers or acquisitions are not easy to execute. The challenges in merging the two entities require a well-thought-out M&A acquisition strategy. The strategy must also consider a sourcing engagement – transparent communication, implementation, involvement of senior leadership; and finally, change management, to drive optimum synergy between the two entities and realizing it.
July 05, 2022 | Pharma and Life Sciences read
June 23, 2022 | Supply Chain Strategy read
By Alex Zhong, Director of Product Marketing, GEP
In today’s inflationary and disruptive environment, ensuring alignment and resiliency across your supply chain is very likely a top priority. But your vision and priorities might not be shared across your organization.
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
Alex Zhong
Director, Product Marketing
Alex has more than 20 years of practical experience in supply chain operations and has advised many Fortune 500 companies on their digital transformation. At GEP, he leads product marketing for the company’s AI-enabled supply chain solution. He is passionate about the role technologies play in driving supply chain excellence and business growth.
June 23, 2022 | Supply Chain Risk Management read
The Russia-Ukraine war is, expectedly, taking a heavy toll on both the economies. The Russian economy is projected to shrink by 7-15% as compared to the forecasted 2% growth before the February invasion.
The trade sanctions on Russia will create further supply chain issues, primarily in oil & gas and specialty metals — the core of Russian exports.1
The companies, whose supply chains are exposed to input materials from Russian and Ukrainian, are under pressure to invest in alternatives.
June 22, 2022 | Supply Chain Strategy read
Given the criticality of supply chain planning and what happens to the business when you do a poor job at planning, it is important to understand the key requirements for successful supply chain planning. And, more importantly, how you can effectively meet these requirements.
Before you begin to draft a plan, think of the larger business goals and priorities as well as your competitive strategy.
Here are 4 attributes that can help you excel at supply chain planning:
June 21, 2022 | Supply Chain Strategy read
The pandemic has forced consumer packaged goods (CPG) companies to transform their supply chains amid changing demand and sales volumes from different channels.
In this scenario, a standard method used by CPG brands to streamline the flow of goods has been the rationalization of products. Product rationalization is the process by which a business decides to keep or discard certain products aligned to its priorities, primarily driven by profitability. On the other hand, product proliferation refers to adding more products to the portfolio.
June 21, 2022 | Human Resource read
Labor shortages aren’t new, but the current one has had a stronger effect on the global economy.
As countries reopened after the COVID-19-induced lockdowns in 2020, the global labor shortage continued to increase, surprisingly, along with a rise in unemployment rates. Though jobs were available, workers were not willing to take them up.
In the United States, job openings rose to a record 11.5 million in March 2022, according to the U.S. Bureau of Labor Statistics. The number of available jobs exceeds the number of people looking for work by 5.6 million.
June 16, 2022 | Supply Chain Strategy read
Choosing the right technology is vital to streamlining supply chain planning. Simple as it may seem, this is easier said than done.
Here’s why.
For decades, the supply chain planning landscape has been dominated by what we can refer to as “old tech.”
Even today, many businesses continue to rely heavily on big, expensive ERP implementations, and often an accompaniment of best-of-breed tools that bring optimization or simulation capabilities to the transaction-focused ERP system.
