What Are You Really Measuring? Effectively Managing Supplier Performance

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You can’t manage what you don’t measure. This is an old adage that is still pretty accurate today. Really, if you don’t put in place the criteria to measure something you don’t know if it is improving or getting worse. Managing for improvement in today’s business climate is essential, and with regards to supplier performance [...]


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Make Vs. Buy For Procurement Market Research

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With growth rates plateauing in both the developed and developing worlds, companies are turning their attention to managing costs and keeping their demanding stakeholders just about satisfied. This trend has brought a spotlight on procurement organizations that are frantically searching for the next big wave of savings opportunities. Most companies agree supply market intelligence is [...]


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Webinar May 19th – Procurement’s Evolution in Becoming a Trusted Business Advisor

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Procurement’s Evolution in Becoming a Trusted Business Advisor - Register now for GEP’s upcoming webinar with The Hackett Group   Half of world-class procurement organizations report a high level of involvement in the company’s budgeting and planning cycle. They are considered trusted business advisor by the organization, not gatekeepers or administrators. To achieve this status, they [...]


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Perfect Alignment: How Procurement and Finance Can Work Together to Achieve P2P Excellence

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Procure-to-Pay (P2P) technology can, no doubt, drive some truly significant gains in productivity. But if procurement and finance are not on the same page, your P2P solution can do more harm than good.   In a new white paper, Perfect Alignment: How Procurement and Finance Can Work Together to Achieve P2P Excellence, GEP shows you how [...]


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Packaging Opportunities for Businesses: Managing the Unmanaged

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Though there are many ways to use packaging, the principal one is for commercial purposes. A product’s appeal and presentation are the principal compliance and are categories that marketing, procurement and even production are managing through packaging directly.   But, what about supply chain packaging that is for transportation, storage, handling and protection purposes? This [...]


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The Art of Supplier Relationship Management – Part 2

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Part 1 ended: “In fact, oversimplifying the measurement can lead to you assessing the wrong performance indicator entirely.”   Some time ago I came across a situation where four suppliers were selling the same commodity to a large company in the financial sector. Each of the four suppliers received a nominal 25% of the business [...]


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Agency Compensation: Identifying, Measuring and Mitigating Hidden Costs

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The devil is in the details. More so, in an agency contract. Many enterprises fail to identify the hidden costs in agency compensation and end up paying more than the fair value to their agencies.   In a new white paper, Agency Compensation: Identifying, Measuring and Mitigating Hidden Costs, GEP explains how enterprises can uncover and [...]


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The Art of Supplier Relationship Management – Part 1

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British TV has just seen the completion of a competitive painting challenge show. Identical in format to the cooking and dancing shows, each week the contestants are set three challenges and one of them is sent home.   It was bound to happen. We’ve had baking, sewing and even orchestral conducting subjected to the same [...]


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Effectively Managing Your Third-Party Risk

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In today’s current business environment, companies are becoming more reliant on their network of vendors, contractors and partners than ever before. Complex business processes are intertwined between businesses and their supplier networks, and this has made it difficult for them to effectively monitor and assess their information security and third-party risk.   The wave of [...]


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Procurement in the Insurance Industry: Three Key Focus Areas to Improve Performance and Optimize Savings

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The claims department can account for up to 80% of total spend in an insurance company. So it’s little wonder that procurement organizations at leading insurers often struggle to achieve significant savings without affecting their customer claims experience.   In a new white paper, Procurement in the Insurance Industry: Three Key Focus Areas to Improve [...]


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