procurement savings performance benchmarking procurement savings performance benchmarking

Procurement Savings Performance Benchmarking

GEP SMART™ centralizes your procurement activities, making it easy to benchmark and analyze past and current savings. Before starting new strategic savings projects, use GEP SMART to review historical data, spotting trends and regional differences that pinpoint where to focus for maximum value. This platform allows you to validate past performance, identify opportunities, and launch targeted sourcing efforts to enhance your savings projects in GEP SMART.

Do More with GEP SMART Savings Tracking

Get a comprehensive view of your savings pipeline on any device with GEP SMART. Easily build, track, and manage your projects by collaborating in real time. Initiate, define, and roll out new savings initiatives, setting clear targets and milestones for negotiation and realization, and monitor progress seamlessly throughout the year.

Savings Dashboard

Gain a comprehensive view of your savings projects, enhancing decision-making with real-time, enterprise-wide visibility

Seamless Data Integration

Automatically amalgamate data from auctions, RFx, and contracts to track negotiated and realized savings without manual data entry

Collaboration Platform

Streamline the initiation and management of savings projects across various locations and functions

Complete Savings Visibility

Access real-time insights into all savings types — cost avoidance, cost reduction, bonuses, rebates, and gain sharing — with ease

Performance Benchmarking

Evaluate your cost-saving efforts enterprise-wide by comparing them to historical data and established savings benchmarks

Savings Validation

Automatically record purchase and invoice activities, tracking performance against targets and validating realized savings with finance