What is Strategic Procurement (Procurement Strategic Planning)?
Strategic procurement aligns with an enterprise’s business goals with an aim to ensure on-time supply of goods and services. Strategic procurement is a data-driven, enterprise-wide process which minimizes supply risk and emphasizes on an enterprise’s long-term development. It uses a combination of techniques and tools that go far beyond unit price reduction.
With increasing pressure on global supply chains, there has been a radical shift in business strategy, where procurement leverages data and analytics to improve logistics coordination and procedures. The sole aim is to meet high customer demand amidst increasing awareness about environment, social and governance (ESG) goals, which require greater transparency throughout the procurement process.
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.
