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Understanding the Value of Gaining GNFR On Time Delivery Visibility

On Time Delivery Visibility
Understanding the Value of Gaining GNFR On Time Delivery Visibility Complete transparency in the entire acquisition process is the best way to operate so that companies can readily track errors and spending habits that may be inhibiting profit. But how does this work? What Is On Time Delivery, and Where Does Visibility Come into Play? On Time Delivery (OTD) is a supply chain metric in which the supplier delivers the complete order to the right location, at just the right time. An On Time ...
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Understanding GNFR’s Spend Impact Upon Revenue

Understanding GNFR’s Spend Impact Upon Revenue GNFR spend is an area of supply chain management that often does not receive the attention it deserves. This is most likely due to the fact that its effects are difficult to connect directly to revenue. But this oversight is what can greatly affect a company’s bottom line by cutting drastically into profit margins. It’s a crucial area of spending that savvy organizations are starting to hone in on in order to cut spending and increase profits. ...
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Understanding the Savings Generated by Enterprise-Purchased GNFR

Significant savings generated from enterprise-purchased goods
Understanding the Savings Generated by Enterprise-Purchased GNFR There are often significant savings when an enterprise purchases GNFR capital goods rather than a contractor for a couple of reasons. In this case, we are defining “enterprise” as any large business with multiple locations, such as a large retail or restaurant chain; regardless, this enterprise has massive purchasing power. What Is the Difference Between Enterprise-Purchased and Contractor-Purchased Goods? Enterprise-purchas...
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Understanding the Additional Indirect Costs of Add-On Orders

Calculating additional costs of add-on orders
Understanding the Additional Indirect Costs of Add-On Orders Add-on orders may not seem like anything that would affect the acquisition process, but when you consider all the implications, you will see just how much of an impact they can have. In every stage of the Perfect Order process, there is the potential for a glitch. And just like a cog in a well-oiled machine, it can completely break down the system at any level. GNFR Perfect Order The ultimate goal of any company is to create the...
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Understanding GNFR Demand Planning Impact Upon the Perfect Order & Delivery

Understanding GNFR Demand Planning Impact Upon the Perfect Order & Delivery Demand planning can be defined as understanding and planning for the resources needed by different companies. Typically, demand planning (or forecasting) refers to projecting customer demand for GFR (goods for resale) products, but in this case, we’re focusing on the demand that companies have for GNFR (goods not for resale). In this blog, we are zeroing in on a retail enterprise’s projections of the demand t...
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Understanding GNFR Perfect Delivery

Acquiring the Perfect Delivery
Understanding GNFR Perfect Delivery Previously, we discussed the GNFR Perfect Order and everything needed to achieve it. GNFR is a complex area in terms of the number of suppliers, number of product/service categories, number of transactions, and number of internal stakeholders. Therefore, it should come as no surprise to learn there are various pieces that must move into alignment to succeed in ordering the right goods at the right time so they’re delivered to the right location when they’...
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Understanding GNFR Perfect Order

GNFR perfect purchase order, or Perfect Order
Understanding GNFR Perfect Order In this blog series, the topic of goods not for resale (GNFR) is one that has appeared quite a few times. This is due to the fact that, when it comes to improving a company’s bottom line, there’s no area that goes overlooked as often as GNFR. As previously stated, GNFR is made up of all purchases of goods and services that do not go into the final sellable product. However, though such items are not sold to customers, they’re essential for a company’s day...
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Understanding the GNFR Supply Chain

E2E visibility of the GNFR supply chain
Understanding the GNFR Supply Chain GNFR supply chain optimization is one of the keys to the future of big business. GNFR spend varies widely depending upon company type. As opposed to a service firm, such as one specializing in accounting, or a marketing firm, a retailer incurs a significant GNFR spend. For those companies with a significant GNFR spend, one of the biggest strides that can be made to cut costs and maximize profitability is increasing the management of the GNFR supply chain....
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Understanding Indirect Spend VS GNFR

Understanding indirect spend VS GNFR
Understanding Indirect Spend VS GNFR Indirect spend is the total costs a company must put forth to operate the business, and GNFR is a subcategory of indirect spend. It includes goods and services purchased from outside vendors that are not resold. These purchases are normally authorized by a purchase order, but indirect spend is not always an actual purchase (e.g., payroll for indirect spend and SGA). This is the key difference regarding indirect spend VS GNFR. Not all indirect spend is...
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Understanding GNFR

Goods not for resale, or GNFR
Understanding GNFR Cost accounting was originally introduced during the Industrial Revolution so that businesses could organize their operational/manufacturing costs to price their products in order to turn a profit. Though indirect spend is a term that was coined during this time, GNFR—a subset of indirect spend—is a more modern phrase in the procurement world. GNFR, or goods not for resale, is often a difficult concept for individuals to comprehend. This is largely due to the fact that...
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