GEP | Global news

An overview of GEP global news:

United States

GEP: Purchasing activity continues to contract as global manufacturers retrench The GEP Global Supply Chain Volatility Index fell to -0.37 in August, recording a second consecutive month of underutilized capacity in supply chains – as global economic conditions continue to slide.
13 September 2024
United States

GEP supply chain index slips, signaling slowing economic growth The GEP Global Supply Chain Volatility Index fell to -0.22 in July, signaling underutilized capacity and global suppliers and a slowing of economic growth.
14 August 2024
United States

GEP supply chain index remains in positive territory for second month GEP’s Global Supply Chain Volatility Index remained in positive territory for the second consecutive month – driven by strong demand in Asian exporting countries.
19 July 2024
United States

GEP acquires procurement software firm OpusCapita GEP, a Clark, NJ-headquartered supply chain software and consulting firm, has acquired OpusCapita, a Helsinki-based provider of e-invoicing and accounts payable automation software.
02 July 2024
United States

GEP: Supply chains report stretched capacity as manufacturing activity jumps in May Supply chains were at their busiest in over a year in May, according to GEP’s most recent Global Supply Chain Volatility Index, which tracks 27,000 businesses globally to measure demand conditions, s
14 June 2024
United States

GEP receives multiple accolades in procurement arena GEP, a Clark, NJ-based provider of supply chain and procurement software and consulting, was recognized at the World Procurement Awards and in ISG’s procurement software platforms report.
28 May 2024
United States

Global supply chains edging closer to capacity, says GEP report Global supply chains are operating near maximum capacity, according to the monthly GEP Global Supply Chain Volatility Index. GEP’s index rose in April to -0.18 from -0.
14 May 2024
United States

Demand at Asian factories rises at highest rate in two years, says GEP report Demand at Asian factories rose at the highest rate in two years, according to the monthly GEP Global Supply Chain Volatility Index.
17 April 2024
United States

GEP: Global supply chains near full capacity for first time in nearly a year Global supply chains approached full capacity for the first time in nearly a year, according to the February edition of the GEP Global Supply Chain Volatility Index.
15 March 2024
United States

GEP's procurement software tops Spend Matters' 2024 SolutionMap GEP Smart procurement software was the highest-ranked product for the sixth consecutive year in Spend Matters’ Spring SolutionMap report.
06 March 2024
United States

Red Sea attacks driving up transportation costs, GEP report finds Attacks on commercial ships in the Red Sea by Iran-backed Houthi rebels have driven up transportation costs to a 15-month high, according to the January edition of the GEP Global Supply Chain Volatil
16 February 2024
United States

GEP: Demand for raw materials and components at softest in nearly a year Demand for commodities, raw materials, and components was at its most subdued since the start of 2023, according to the December edition of the GEP Global Supply Chain Volatility Index.
16 January 2024
United States

Cegid picks GEP Software to upgrade procurement process Cegid, a global provider of cloud business management software, has selected GEP Software to digitally transform its procurement operation.
14 December 2023
United States

Global supply chains remain underutilized, GEP report says Global supply chains continued to be underutilized in October, according GEP’s Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transportation costs, inventories, and
17 November 2023
United States

NASPO adds GEP to cooperative purchasing program The National Association of State Procurement Officials (NASPO) has added GEP’s procurement software and services to its NASPO ValuePoint cooperative purchasing program.
01 November 2023
United States

GEP launches low-code platform GEP Quantum GEP, a Clark, NJ-headquartered supply chain technology and advisory firm, yesterday announced the launch of GEP Quantum, an AI-first, low-code platform for procurement and supply chain.
27 October 2023
United States

US possibly heading for soft landing, Europe for recession, GEP data says The US economy appears to be heading for a soft landing while Europe seems to be approaching a recession, according to data from GEP’s September Global Supply Chain Volatility Index.
16 October 2023
United States

GEP: Weak demand and spare capacity persist in global supply chain August was the 14th consecutive month of weak demand in GEP’s Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transportation costs, inventories, and backlogs.
14 September 2023
United States

GEP: Excess capacity in global supply chains continues to grow Excess capacity in global supply chains rose for the fourth consecutive month in July, according to the GEP Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transport
16 August 2023
United States

GEP and WEF release guidelines for responsible AI in procurement GEP, a global supply chain software and consulting firm, and The World Economic Forum (WEF) have released a comprehensive guide to help business apply artificial intelligence (AI) responsibly in comm
03 July 2023
United Kingdom

Costa Coffee selects GEP for indirect spend transformation The UK’s largest coffeehouse chain, Costa Coffee, has selected GEP as its partner for the transformation of its source-to-contract procurement process.
13 June 2023
United States

Liberty Global picks GEP procurement software Liberty Global, a multinational telecommunications firm, has after a competitive review selected GEP Software to transform its source-to-contract process.
01 June 2023
United States

Supply chain has excess capacity for first time since early stages of pandemic Global supply chain capacity in April was underutilized for the first time since June 2020, according to the GEP Global Supply Chain Volatility Index – which tracks demand conditions, shortages, tran
16 May 2023
United States

ISG names GEP a leader in procurement software platforms Research firm ISG for the third consecutive year named GEP a leader in its ISG Provider Lens report on procurement software platforms and solutions.
17 April 2023
United States

Siemens Healthineers picks GEP supply chain software Siemens Healthineers, the medical devices division of manufacturing giant Siemens, has selected GEP procurement and supply chain software.
29 March 2023
United States

GEP supply chain volatility index continues to decline The GEP Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transportation costs, inventories, and backlogs – fell to 0.48 points in February, down from 0.
15 March 2023
Cyprus

Hellenic Bank selects GEP for procurement consulting and technology Following a competitive review process, Hellenic Bank has selected GEP as its partner for a multiyear procurement transformation.
02 March 2023
United States

GEP supply chain volatility index drops as shortages ease The GEP Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transportation costs, inventories, and backlogs – fell to 0.97 in January, down from 1.61 in December.
21 February 2023
United States

Mormon Church selects GEP procurement software The Church of Jesus Christ of Latter-day Saints has selected, implemented, and is currently using GEP’s procurement and supply chain software.
14 February 2023
United States

Macy's renews procurement consulting contract with GEP Macy’s Inc. – which includes the Macy’s, Bloomingdale’s, and Bluemercury retail brands – has renewed its procurement software and consulting services contract with GEP.
01 February 2023
United States

GEP supply chain volatility index jumps amid safety stockpiling The GEP Global Supply Chain Volatility Index – which tracks demand conditions, shortages, transportation costs, inventories and backlogs – jumped to 1.61 in December 2022. The 0.
20 January 2023
United States

GEP Smart joins Azure marketplace The GEP Smart procurement solution has been added to the Microsoft Azure Marketplace, an online store for cloud applications and services certified to run on Azure.
06 January 2023

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