Understanding the Impact of GNFR costs

Understanding the Impact of GNFR costs In a retail business, understanding the impact of Goods-Not-for-Resale (GNFR) costs is crucial for maintaining profitability and ensuring long-term success. GNFR costs refer to the expenses incurred on items that a business purchases for its own use, rather than [Read More]

2024-01-22T17:49:55-06:00March 2, 2023|Business Tips, Indirect Spend|

The Importance of Managing Goods Not For Resale Spend

Managing Goods-Not-for-Resale (GNFR) spend is crucial for maintaining profitability and ensuring long-term success. It is important for a retail business to develop and implement strategies to manage GNFR spend effectively.

2024-01-22T17:49:55-06:00February 2, 2023|Business Tips, Indirect Spend|

Difference between Indirect Spend and Goods-Not-for-Resale

Difference between Indirect Spend and Goods-Not-for-Resale Indirect Spend Categories Indirect spend and GNFR are two terms that are often used in the context of business expenses, but they refer to slightly different things. I was introduced to the term GNFR (Goods-not-for-Resale) when my career brought [Read More]

2024-01-22T17:49:55-06:00January 25, 2023|Business Tips, Indirect Spend|

Advanced Analytics

Advanced Analytics Last week, we discussed Continuous Intelligence. When embarking on digitizing your supply chain, a first step is to shift responsibility for communicating current order status onto the suppliers resulting in the collection of real-time, actionable information for the business. Sharing data throughout the [Read More]

2024-01-22T17:49:57-06:00December 7, 2022|Business Tips, Indirect Spend|

Continuous Intelligence

Continuous Intelligence Last week, we shared the components of a digitized supply chain. These are: Continuous Intelligence Advanced Analytics Outcome Analysis Collaborative Responses Unpacking Continuous Intelligence Today, we're going to unpack the idea of Continuous Intelligence. Prior to digitizing the supply chain, there's a lot [Read More]

2024-01-22T17:49:57-06:00November 30, 2022|Business Tips, Indirect Spend|

Understanding the Value of Using 3PL for GNFR

Understanding the Value of Using 3PL for GNFR 3PL organizing their facility to service a retailer's ever changing needs. Third-party logistics services (3PLs) are often used by big companies for nearly all of their logistics needs. However, 3PLs today have taken on a lot more [Read More]

2024-01-22T17:49:57-06:00March 1, 2019|Indirect Spend|

Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for 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 [Read More]

2024-01-22T17:49:57-06:00February 22, 2019|Indirect Spend|
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