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Developing future-fit supplier segmentation methods

Procurement Leaders

During that call, a leader in risk management for one consumer goods company shared their enhanced approach to supplier segmentation, which has helped them evolve how they undertake supplier management. Specifically, the capabilities they focus on and attempt to quantify are efficiency, agility and innovation potential.

Suppliers 130
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‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it

Spend Matters

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). Governance — Determining which suppliers bring the most value to the business and which to prioritize.

Suppliers 114
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Key takeaways from SolutionMap: Supplier risk, TPRM and SCRM

Spend Matters

It is true that ‘risk management’ in the context of procurement and supply chain management encompasses various ‘flavors,’ supplier risk management, supply risk management, third-party risk management (TPRM) and supply chain risk management (SCRM) (link to definition piece). This content is for members only.

Risk 115
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New Supplier Relationship Management Certificate  

All Things Supply Chain

The Association for Supply Chain Management (ASCM) has launched a new supplier Relationship Management certificate designed to help supply chain professionalsbuild strong supplier relationships. Strong supplier relationships help mitigate risk…

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The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment

From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.

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smartKYC: Vendor Analysis — Supplier risk solution overview, competitors, user considerations, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of smartKYC, a risk (supplier due diligence) solution built to ensure that organizations stay on top of reputational and compliance risks. This Vendor Analysis provides an overview of smartKYC, a look at the competitive landscape, user considerations and an analyst summary.

Risk 111
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The 3% myth: Why suppliers are willing to pay for virtual cards

Spend Matters

These virtual cards enhance control and visibility over spending while simplifying the payment processes for suppliers and vendors. The surprising truth behind a 3% fee Imagine youre a supplier juggling tight margins, long payment cycles, and increasing operational demands. What may seem like a burden is, in fact, a savvy investment.

Suppliers 103
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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Discover how GEP SMART, our AI-powered procurement software built on the low-code GEP QUANTUM platform, was deployed with customizations and interfaces to streamline request processes, simplify supplier management, and unify procurement at Hellenic Bank.

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Brace for Impact. Unpredictable Tariff Disruptions Are Here––Your Playbook

The advisory explores how leading companies are: Accelerating supply chain flexibility with “China-Plus-One” and regional diversification strategies Shifting risk through outsourced supply chain financing and operations Embedding tariff contingencies into supplier contracts and cost models Read the report for strategies to protect your supply chain (..)

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How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

What’s Inside: Tools to model and simulate tariff impacts before they hit How to pivot suppliers, shift sourcing, and respond in real time Strategies to optimize total landed cost and streamline compliance Learn how AI-powered procurement solutions help businesses stay ready, no matter what policy hits next.

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. For global manufacturers, managing direct and indirect material spend can get very complicated very quickly.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. The result was a year-over-year savings of more than 3%.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027.

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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

You will learn: Best practices for identifying and mitigating forced labor risks before they become compliance issues 🔍 How analytics and human subject matter experts can help companies anticipate enforcement actions, identify high-risk suppliers, and adjust sourcing strategies before issues arise 📊 How companies have successfully navigated (..)

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

While establishing efficient communication channels with suppliers and empowering customers with comprehensive return information can be challenging, it is attainable with the right approach and tools. Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility.