CPO Rising profile on GEP: Differentiating Itself with a Broad (& Strong) Portfolio Part 3 – SMART by GEP

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In the course of our work for and discussions with large procurement departments over the past 12 months, GEP’s name has been coming up much more frequently than just a few years ago. Impressively, the solutions and services being provided by GEP in these discussions are quite broad, be it managed services, outsourcing, or solutions [...]


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Epic Fail: 5 Proven Ways to Botch Your Supplier Relationship Management Program

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More than half of leading global enterprises do not have an effective supplier relationship management (SRM) program in place, studies say.   Why do so many otherwise successful organizations founder on SRM? And how can your team avoid the same fate?   In a new white paper, Epic Fail: 5 Proven Ways to Botch Your Supplier [...]


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LEADING CANADIAN OIL PRODUCER SELECTS SMART BY GEP PROCUREMENT SOFTWARE

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GEP announced today that a leading Canadian oil and gas company has selected SMART by GEP, the company’s cloud-native sourcing and procurement software platform.   The leading Canadian oil producer has production of more than 100,000 boe/d and a market capitalization of more than $10 billion.   The company will be deploying SMART by GEP’s spend analysis and contract management functionality [...]


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FORMER P&G CPO RICK HUGHES JOINS GEP ADVISORY TEAM

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GEP, a leading provider of procurement and supply chain solutions, is pleased to announce that Rick Hughes is working with the firm to advise Fortune 500 and Global 2000 clients worldwide on procurement transformation, organizational development, supply innovation, global risk management and other strategic issues related to procurement and supply chain management.   Prior to joining [...]


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Procuring Construction and Design Services Under Tight Timelines

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Network strategy changes often happen with little notice and can have major impact on the physical footprint of an organization. Whether it is a new plant construction or a commercial office renovation, tight timelines often come at the expense of a procurement diligence and competitive best practices. In an optimal scenario, completed detailed technical designs [...]


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Sourcing Trends for 7 Major Indirect Procurement Categories in 2015

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In a new report, Strategic Sourcing and Procurement Outlook 2015, GEP’s category experts have identified sourcing and procurement trends for 7 key indirect categories that procurement executives can leverage to drive significant savings in the next 12 months. Below are some excerpts from the report.   Category Trends in 2015 Information Technology IT security investments [...]


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5 Key Global Economic and Business Trends that Will Drive Procurement in 2015

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  The beginning of 2015 saw unprecedented lows in global oil prices. Combined with this were various geopolitical developments, including the slowdown of the Chinese economy, continued extremism and violence in the Middle East, and Europe’s ongoing battle with recession. On the brighter side, there was the news of improved outlook for U.S. economy. These [...]


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Procurement Helping Reduce the Cost of Insurance Claims

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The Claims department is the heartbeat of every insurance company, but it also is the largest expense. It is normal for up to 80% of total premiums collected to be spent on claims payments and the costs associated with settling these claims. If an Insurance company can reduce their claims costs, it can provide them [...]


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GEP Trend Report: Strategic Sourcing and Procurement Outlook 2015

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New year, new goals, new challenges. What should procurement leaders be focusing on in 2015? What should be on their agenda?   In a timely new report, Sourcing and Procurement Outlook 2015, GEP shares key global economic and business trends that will shape and drive procurement strategies in 2015 and beyond. The report also highlights [...]


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Strategic Sourcing, Helping Curb Functional Business Blindness

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The simple dictionary explanation for functional blindness is the loss of vision related to conversion hysteria. Although the part of the definition can only speak to the loss of vision in comparison to management not following one, that part is consistent. I have heard at times through the years working within corporations, leaders bring up [...]


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