Leading Telecom Company Saves $25 Million Through eAuctions by Partnering With GEP

A multinational telecom provider was looking to switch suppliers for over 100 key items as it wanted more competitive pricing than what its current suppliers could provide.

The company decided to explore eAuctions as a means to secure optimal rates and sought GEP’s help to develop a strategy and orchestrate the event.

Discover how GEP’s sourcing experts managed the bidding process, identified suitable suppliers, held negotiations and achieved $25 million in savings for the telecom leader.

What’s Inside:

• Defining item specifications and establishing auction parameters
• Comprehensive vendor training on using the GEP SMART eAuction tool
• Three rounds of negotiations, 15% SKU rationalization, $25M saved

Procurement professionals seeking to enhance savings through sourcing will gain valuable insights from this case study.