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Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend

Taming the beast of Indirect Spend
Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend Controlling On-Time Delivery (OTD) of GNFR purchases is a major means to protect and safeguard the enterprise’s valuable capital. Late deliveries and failures to deliver can negatively impact operations and prevent the on-time completion of mission critical projects resulting in huge losses. Gaining control of On-Time Delivery to mitigate these risks is critical. What Is On-Time Delivery C...
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Breaking Down Indirect Spend Optimization Barriers

Breaking through Indirect Spend Barriers
Breaking Down Indirect Spend Optimization Barriers Indirect spend can represent anywhere from 20-40% of a company’s revenue, making it a huge factor to the bottom line and profitability for any organization. And while there are not many completely new challenges to managing it, there are always new ways to address the optimization and investigation of the expense. Indirect Spend Optimization Procurement optimization measures must be taken on every level of operations, but it is esp...
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Digitize GNFR On-Time Delivery to Manage Supplier Performance

Digitize GNFR On-Time Delivery to Manage Supplier Performance Some companies still use manual processes by using the telephone, email and spreadsheets to manage GNFR (goods not for resale) supplier performance. While this system may have worked for smaller, less complex organizations, it is obsolete for lean, large, dynamic, and more complex organizations. There are multiple technologies available that can help manage different aspects of GNFR spend. These newer technologies are important f...
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The Value of Indirect Procurement Personnel

Empowered Indirect Procurement Personnel
The Value of Indirect Procurement Personnel Indirect Procurement Personnel can often be the unseen hero of the bottom line Indirect procurement personnel hold one of the most vitally important roles in a company. There is no way for a store to sell anything if they are not open for business. And indirect spend procurement savings go straight to the bottom line. Statistics show that up to 15-20% of a company’s annual revenue is wasted by a lack of control. Modern businesses that know ho...
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Understanding the Value of Gaining GNFR On-Time Delivery Control

On Time Delivery Visibility
Understanding the Value of Gaining GNFR On-Time Delivery Control 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 metric in which the supplier delivers the complete order to the right location, at just the right time. An On-Time Delivery C...
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Understanding GNFR’s Spend Impact Upon Revenue

Understanding GNFR’s Spend Impact Upon Revenue Revenue growth through building infrastructure 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 ...
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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-...
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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 cre...
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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 deman...
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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 th...
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