Top Procurement Metrics, AI in Category Management, Excess Capacity in Supply Chains, Effective ESG Reporting and More

The GEP RoundUp?brings you the latest and greatest from GEP, and the world of supply chain and procurement.

Featuring the top stories, insights and events curated by our experts, partners and clients, we cover everything from the newest innovations and technologies to the biggest challenges and opportunities facing the industry – so you can stay up to date and in the know.

1. What are the Procurement Metrics That Matter in 2023?

The average procurement team manages 65% of total spend. How can this number be increased, given the renewed focus of CPOs on savings? Watch this session in which experts from Ardent Partners and GEP present the findings of their latest research on the top priorities for procurement.

2.?Excess Capacity in Global Supply Chains Up Sharply in July, Pointing to Deteriorating Economic Conditions

The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — fell to -0.50 in July, from -0.26 in June, indicating a further and accelerated rise in excess capacity across global supply chains amid weak global demand conditions and sustained destocking of warehouses.

3. How to Procure AI Solutions That are Ethical and Effective

Almost every business today wants to harness the vast potential of artificial intelligence. But how can they procure AI solutions that are both responsible and ethical? How can they ensure that AI tools are deployed ethically and align with organizational values? This GEP blog takes a deep dive into this issue.

4. Struggling to Contain Costs? Let Procurement Take Charge

As central banks worldwide continue to raise interest rates to counter inflationary pressures, businesses must find new ways to contain costs. This GEP bulletin explains how procurement can rise to the challenge by optimizing working capital, developing category-specific strategies and revisiting previously overlooked improvement opportunities.

5. Category Management: What It Is and Why It’s Important

Category management segments your business’ procurement spend into distinct sections to analyze spend categories. It enhances category-specific visibility and provides a foundation for strategic decision-making and supplier relationship management. This GEP blog explains how AI-powered tools empower category managers to uncover new opportunities and mitigate risk through data-driven insights.

6.?Why You Must Accelerate Transformation with AI

The rapidly evolving generative AI technology is set to transform how most business functions work today. The technology is expected to make a huge impression on supply chain and procurement operations. Learn how GEP has adopted an AI-first approach to address their customers’ most pressing issues.

7.?How Enterprises in Europe Can Set up an Effective ESG Reporting Structure

Changing regulations and disclosure frameworks as well as industry-specific priorities have made it challenging for enterprises in Europe to decide on an ESG reporting structure. Read the new GEP white paper that simplifies the choice of a reporting framework by identifying relevant ESG metrics and legislations. It also discusses reporting requirements set out by upcoming EU directives and strategies to navigate the complex landscape.

8.?How A Top U.S. Battery Manufacturer Mitigated Supply Chain Risks

A leading battery manufacturer decided to set up a new facility in the U.S. to mitigate supply risks and support its growth plans. It had to conduct a feasibility study and select vendors for short- and long-term production goals. Learn how GEP identified suitable direct material suppliers and helped the manufacturer achieve cost parity with its existing facility in China.

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