Careful! Don’t Auction Away Your Supplier Relationships

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There comes a point when management tasks procurement to save money quickly due to some recent poor performance or profit results to the financials. Either raise sales, cut staff or reduce cost of goods sold in order to get profitability back on track. One way to drive savings quickly is through the use of e-auctions [...]


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Why Procurement Organizations Can Benefit from Working with Internal Audit – Part 2

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I was at a conference recently where nearly 500 professionals from the industry gathered to share their thoughts about the challenges and solutions related to sourcing, procurement and technology in their respective companies. One of the speakers in those sessions touched on the topic of a strong relationship with internal audit that created both the [...]


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

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New goals, new targets, new challenges. What should your procurement team be focusing on in 2015? What should be on top of your agenda?   View this infographic to know the key global economic and business trends that will shape and drive procurement strategies in 2015 and beyond.   The infographic is based on the [...]


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Track & Trace in the Pharmaceutical Industry: Serialization Strategies and a Roadmap for Procurement

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Drug theft, diversion and counterfeiting – pharmaceutical companies face a number of critical, potentially damaging challenges with their supply chain. Track & Trace (T&T) is a new solution that can help pharma companies mitigate these risks and optimize their supply chain.   In a new white paper, Track & Trace in the Pharmaceutical Industry: Serialization Strategies and [...]


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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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