It’s another Monday at the office and you have been running through your to-dos for the day in your head all morning. Just as you get settled at your desk, your boss emerges with a request. She is asking for numbers on the total spend with your top services provider “and any other relevant info of use,” she to present at the board meeting this afternoon. You consider your quickest path to gain access to the datasets you need. Whether you choose to consult a data analyst or someone in IT, it will surely be time-consuming and difficult to coordinate.  Let’s be honest. You’re likely to have to ..read more

The rise of cutting-edge, disruptive technologies is changing the face of procurement. Intelligent automation that uses sophisticated intelligences such as Artificial Intelligence (AI), machine learning (ML), Robotic Process Automation (RPA) and Smart Bots are redefining the future of procurement technology. Along with the process of procurement itself, the role of the procurement professional is subject to transformative change as well. Fears, uncertainties and concerns have begun circulating around the question of how disruptive technologies will impact the professional landscape for the p ..read more

In its journey of maturity, procurement has gone through dramatic changes, evolving from a tactical function to a digitalized, strategic process. In the traditional process of procurement, the function was managed manually, depending heavily on Excel sheets, paperwork, as well as phone calls and in-person conversations. In this tactical approach, the goal was to simply fulfill goods and services to obtain the right quantity at the right price at the right time. In handling procurement as a process of short-term purchasing rather than an integral component of business operations, companies mi ..read more

Today’s supply chain needs to be flexible and agile, capable of responding quickly and positively to sudden changes — and that cannot be achieved through piecemeal supply chain management software and tools deployed at different times to manage different processes. The need is for a unified end-to-end SCM software that integrates processes, automates repetitive tasks and analyzes large volumes of data — both structured and unstructured — to make accurate forecasts and offer innovative solutions. The next-gen, data-driven digital supply chain must be empowered with new technologies that enable ..read more

Strategic sourcing has been the go-to approach for transforming procurement from a tactical to a strategic function, capable of delivering the kind of value enterprises expect from it now. It takes a long time, even years, to be implemented properly, so it’s only natural that enterprises expect it to lead to substantial savings. Yet, this is not always the case. Savings identified and expected from strategic sourcing tools and techniques do not always translate into realized savings. Sure, innovations in technology have created sourcing management software that can fast-track basic tasks and ..read more

X We are sorry. All available places at GEP IGNITE ’18 have been taken. Please contact your GEP account manager if you would like to be added to the waiting list. Gartner, Inc. recently unveiled their list of the top 10 strategic technology trends earmarked to have far-reaching impact and application across businesses and industry verticals this year. These technologies have now matured beyond the nascent stage to display real signs of groundbreaking potential, and leading enterprises must ..read more

X We are sorry. All available places at GEP IGNITE ’18 have been taken. Please contact your GEP account manager if you would like to be added to the waiting list. Efficient master data management (MDM) is vital for the success of any enterprise looking to create a competitive edge through more informed, data-backed decisions. Whether you are looking to digitalize operations, optimize P2P processes, trying to identify cost-saving opportunities, or even considering the possibility of a merge ..read more

X We are sorry. All available places at GEP IGNITE ’18 have been taken. Please contact your GEP account manager if you would like to be added to the waiting list. As all contract managers know, managing contracts is a highly complex task prone to errors — of omission, duplication, inconsistency, and so on. Contracts pass through various teams, and any oversights can prove costly. Managed poorly, they can create legal and regulatory troubles, lower compliance, increase supply chain risks, d ..read more

X We are sorry. All available places at GEP IGNITE ’18 have been taken. Please contact your GEP account manager if you would like to be added to the waiting list. Emerging technologies such as artificial intelligence (AI), robotic process automation (RPA), machine learning (ML) and natural language processing (NLP) have changed the software and automation landscape. In the procurement domain, these technologies have also made inroads by simplifying complex processes as well as automating r ..read more

X We are sorry. All available places at GEP IGNITE ’18 have been taken. Please contact your GEP account manager if you would like to be added to the waiting list. Whether your business is a Fortune 500 company or a family-run supermarket, inventory management is critical. To be successful, you have to know what items — raw materials and finished goods — you have, where they are stocked, and when they need to be replenished. But if you have the ability to categorize inventory based on produ ..read more