March 18, 2024 | Supply Chain Software
As businesses seek ways to streamline operations and gain competitive advantage, supplier lifecycle management is one such area that has garnered significant attention. Businesses are increasingly realizing the transformative potential of integrating AI into supplier lifecycle management software for the process that encompasses the entire journey of a supplier — from onboarding to finally offboarding.
March 13, 2024 | Purchasing
Procurement of goods and services is a critical function that requires careful planning, execution and monitoring. One of the essential tools used in this process is the purchase order (PO) request.
This blog explores the concept of a purchase order request, its purpose, components, and the benefits of an automated system for managing these requests.
March 04, 2024 | Supply Chain Software
As supply chains grow more complex globally, finding ways to maximize efficiency and streamline operations is a key priority for business leaders. Advancements in technology have led to the development of sophisticated optimization software aimed at cutting costs, accelerating deliveries, and boosting profit margins throughout the supply network.
This blog post provides an overview of supply chain optimization software — what it is, key types and benefits, important features to look for, considerations for implementation, and the role AI can play in enhancing these systems.
February 12, 2024 | Procurement Software
A vendor management system (VMS) is an integrated software platform that centralizes data and processes related to the interactions between procurement and suppliers of goods and services. From supplier registration to performance/contract lifecycle management, and ongoing relationship analytics, a robust VMS solution empowers teams through comprehensive visibility and coordinated workflows.
February 08, 2024 | Supply Chain Software
Disruptions of recent years have exposed the brittleness of global supply chain networks across industries. As business leaders develop digital transformation strategies for greater resilience and speed, the urgency to modernize core supply chain infrastructure takes center stage.
December 01, 2023 | Inventory Management Software
Inventory management is a critical aspect of retail operations that involves tracking and controlling the flow of products into and out of a retail business to ensure optimum stock levels. Effect inventory management not only minimizes costs, it also helps retailers to meet customer demand while maximizing profits.
November 07, 2023 | Procurement Software
eSourcing tools and technologies available to procurement organizations globally have a specific aim — optimize and streamline the strategic sourcing processes. These digital technologies that provide automation, analytics, and collaboration capabilities, can significantly augment sourcing outcomes, supplier relationships, process efficiency, and cross-functional engagement. As for enterprises that still continue to rely on manual or basic sourcing methods, implementing purpose-built eSourcing tools can drive substantial competitive advantage.
October 16, 2023 | Procurement Software
Artificial intelligence (AI) is rapidly transforming the procurement landscape. AI-powered procurement solutions can help businesses to improve their efficiency by automating tasks as well as help them gain deep insights into their operations.
As a leading provider of AI-powered procurement solutions, GEP's solutions are used by businesses of all sizes to improve their procurement performance. Here are a few artificial intelligence procurement case studies that discuss how AI-powered procurement solutions have helped businesses to achieve success.
August 25, 2023 | Supply Chain Software
Constantly changing consumer demands and fierce competition define the current landscape of business worldwide. And in this constantly changing scenario, supply chain management stands as a decisive factor for success. The traditional retail supply chain — that has so far been marked by manual processes and limited visibility — has undergone a dramatic transformation with the advent of retail supply chain software.
This blog explores the significance of retail supply chain software, its key functions, benefits, and its role in shaping the future of retail.
August 25, 2023 | Accounts Payable
The digital age is reshaping the way companies conduct business, and France is no exception.
With the voting of the amending finance law (LFR) for 2022, France is moving towards the adoption of electronic invoicing. The e-invoicing mandate will be introduced in a three-phased approach over the coming three years. It will initially mean that selected large businesses in 2024 will be required to issue invoices in adherence with the law with an eventual roll-out to smaller businesses by 2026.