Five Best Practices To Balance Costs, Risks and Sustainability for Long-Term Growth
In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs.
Five Best Practices for Balancing Costs, Risks and Sustainability provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation and sustainability. A companion to the GEP webinar featuring Forrester — The New Tech Capabilities You Need To Balance Costs, Risks and Sustainability — this bulletin explores how moving beyond a short-term cost focus toward a methodical, strategic approach that focuses on enhancing collaboration, embracing innovation and new technologies such as artificial intelligence (AI), and integrating sustainability and ESG considerations into procurement can build resilience, create value and promote long-term success.
Embracing New Tech
The impact that embracing innovation and new technologies such as artificial intelligence (AI) can have
Creating Long-Term Value
Best practices for focusing on long-term value creation, not just short-term cost savings
Collaborating Is Critical
The essential elements every organization needs to balance cost, risk and sustainability
Learn How To Boost Performance, Mitigate Risks and Integrate Sustainability Goals for the Long Term
About Us
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.
Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.
