What's the purpose of supplier contracts if internal teams continue to engage in maverick buying? How can you prevent such noncompliance?
Gain an end-to-end view of what is being spent, where, with whom and on what with spend management. A set of techniques, processes and systems that provide visibility and control over spend, it involves spend analysis, classification, data and performance management. GEP’s spend management experts develop impactful programs for companies to optimize spend and improve the bottom line.
Manage Spend and Drive Competitiveness
GEP combines top-caliber spend category management with powerful spend management tools to deliver world-class spend management consulting services.
Boost Efficiency
Automate manual processes and improve PO handling, invoice capture, accounts payable, administrative support and audits, driving cost savings.
Trim the Tail
Bring more spend under control, reduce maverick buying, shrink your tail, boost savings and reduce operational costs.
Mitigate Risks
Get complete visibility into supplier data to know precisely what is being purchased, when, from whom, and for how much.
Create Synergy
Get better control with spend and contract transparency, while boosting stakeholder collaboration and improving resource allocation.
How GEP Does It
GEP goes the extra mile – our spend management experts are hands-on consultants who put their recommendations into practice, turning strategy into action and goals into tangible results.
Spend Analysis
We begin with an exhaustive spend analysis program to derive full visibility into spend data and gain actionable insights into spending trends and patterns. Using an approach called closed-loop spend management, we separate actions that generate value from those that erode it to identify opportunities.
Strategic Planning
We apply strategic thinking to develop a practical roadmap for bringing more spend under management and driving all-round enterprise value. This can include vendor rationalization through tactical sourcing activities, renegotiation of existing terms, or simply establishing robust approval hierarchies.
Aligning for Long-Term Success
We craft a holistic solution for the long haul, configuring business processes and management practices. This makes compliance and contract utilization simple and easy for all stakeholders – and buying off-contract becomes the difficult option.
