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Amid this perfect storm of disruption, GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization.
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
That assessment comes as a result of 10 months of subdued demand, inventory de-stocking, and high interest rates, the New Jersey-based company said in its “The GEP Global Supply Chain Volatility Index.” That index fell below zero in April to -0.04, from 0.32 That index fell below zero in April to -0.04, from 0.32
In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. The result was a year-over-year savings of more than 3%.
A new study by The Economist shows that 54% of enterprises want to rethink their supply chains. Make them more agile and resilient. How would supply chains evolve from here? And what should supply chain leaders be doing differently? Download the report today!
Today, just 8% of companies have the digital maturity required to achieve resilience and mitigate supply chain disruptions, as per a new HBR Analytic Services - GEPstudy. What can enterprises do to accelerate digital transformation? Read the full report now to find out!
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