What is Decentralized Procurement?
Decentralized procurement allows individual stakeholders to make purchases for their departments, unlike in centralized procurement operations, where all purchasing is conducted by a central procurement team. Decentralized procurement can work well — particularly when teams specialize in different product categories — because it places decision-making power into the hands of department buyers.
The choice of a centralized or decentralized procurement model depends on the business priorities. In some cases, a business may leverage both models and combine their best features.
Technology has enabled businesses to deploy a hybrid procurement model that helps create a balance by allowing stakeholders to exercise their authority while retaining vital aspects of centralized control. Learn more about GEP’s procurement software and procurement managed services.
Stay Ahead With Fresh Thinking and Insights
Explore the latest trends, technologies, and strategies in procurement and supply chain management. Dive into insight-packed white papers, research reports, case studies, and webcasts to stay informed and lead the way.
GEP Outlook 2025: Procurement & Supply Chain Key Trends, Challenges and Opportunities
3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management
Navigating Trade, Tariff and Policy Shifts Under New U.S. Leadership: Action Plan for 2025 and...
The What, Why and How of Total Procurement Orchestration
How an American Retailer Saved $25M on Packaging Through Strategic Sourcing Powered by GEP
How CPG Companies Can Conquer Tail Spend With an AI-Enabled Solution
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.