Sourcing & Procurement

Amazon Business’ State of Procurement survey found that 85% of businesses plan to either increase, or maintain their procurement budgets in 2024.

How big is the nearshoring trend? An Accenture report says the number of global companies nearshoring product manufacturing will double in the next 3 years.

A thorough and strategic vendor selection process guides companies through the vendor selection process, helping ensure subpar suppliers never make it into the procurement process.

A Canadian supply chain law set to take effect Jan. 1, 2024, will place the responsibility on brands, retailers, and importers to identify and prevent child and forced labor within their supplier networks.

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

Direct sourcing requires a high level of collaboration between the procurement team and suppliers, and any disruption in the new product development process can lead to delays in production and increased costs. To address these challenges, companies must deploy a holistic approach across both direct and indirect sourcing.

As President and Co-Founder of GEP, Neha Shah describes herself as an ‘accidental entrepreneur.’

A new report from Moody's finds that companies that rely on buying carbon offsets as an emisisons-reduction strategy could face financial and reputational harm.

To establish standards for responsible AI practices, GEP has collaborated with the World Economic Forum and prepared this comprehensive report. The report lays down a customizable framework to help businesses adopt ethical AI technology. It has detailed assessment criteria, supplier questionnaires and insights on how to overlay all of it with strong governance.

If there was any doubt about how artificial intelligence can change the business landscape, the launch of ChatGPT has proved to be decisive.

Generative AI tools such as ChatGPT and Bard are poised to become a game-changer for supply chain and procurement professionals. By using this technology, professionals can improve their efficiency and productivity, and make better decisions that will benefit their organizations.

ChatGPT, the headline-grabbing chatbot-on-steroids tool from Open AI, is a powerful example of how a new wave of emerging AI-driven natural language content development tool will transform (for better and for worse) companies, industries and our lives.

In this case study a multinational consumer packaged goods (CPG) manufacturer wanted to transform its procurement and streamline source-to-pay (S2P) processes. The company had near-zero focus on its indirect spend and a reactive support model that prevented it from capitalizing on global synergies.

A conversation with Danielle Kahler and Jon Laing of Lansing Public Schools.

Supply chain and procurement leaders enter 2023 with a lot on their minds. The business outlook, stressed by war, inflation, interest rate changes, and more, will prompt many firms to take a cautious approach. Leaders from supply chain and procurement leaders will wield their supply chains to advance social causes and their corporate values. They will accelerate ESG outcomes, and they will accelerate digital transformation. These leaders hold the keys to unlocking a brighter and more productive future. This is their...

This ebook is for accounts payable (AP) and procurement professionals looking to leverage AI-driven supplier management automation to improve cashflow, strengthen supplier relationships and promote continuous, scalable growth.

As disruptive events continue to be a constant, buying organizations are needing to ensure that pricing, supply, and capacity remain stable across the supply chain.

Listen in as Rosemary Coates and Rachel Winn, Director of Operations at U.S. Critical Materials, discuss the search for and mining of rare earth elements and the development of the Sheep Creek Mine in Montana. Rosemary Coates, Executive Director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.

Whether you are reading this for fun or to find a fact to help enforce a business initiative, here are five interesting facts about automation technology that you may not know.

Supported by AI technology, Esker’s accounts receivable software solution removes the obstacles preventing timely cash collection while providing finance leaders with the visibility they need to monitor their organization's cash flow and achieve positive-sum growth.