Procurement is more than just transactional. It has evolved to take a paramount role in driving business performance and delivering intelligent insights that create unparalleled value. At GEP, we understand that procurement is a strategic function, and we recognize the challenges it faces, such as high cycle times, low supplier compliance, subpar cost reduction and weak risk management.
In procurement transformation, time and cost are crucial. Our expertise paves the way for a cutting-edge procurement function that achieves your desired outcomes and delivers measurable business results. And, where needed, we also help radically restructure teams and processes to enable them to harness the full power of AI-enabled assistance and decision-making. Our goal is to guide you in pioneering a procurement function that’s razor-sharp and efficient.
Our Approach
At GEP, we believe in a customized approach to procurement transformation. One size does not fit all — each transformation journey is based on your organization’s unique requirements. We take the time to thoroughly understand your needs, challenges and goals to tailor a strategy that aligns with your business objectives and drives successful outcomes.
This ensures that procurement becomes an integral part of your organization's success. As a provider of world-leading proprietary tech solutions, we have deep capability for developing digital transformation roadmaps for clients.
With our strong focus on AI-driven transformation, we can identify, design and implement generative AI point solutions that radically boost procurement productivity, dramatically de-risk complex supply chains and effectively harness new sources of business value.
Your Journey to Best-In-Class Procurement
We design and implement best-in-class, digitalized operating models that drive high performance and make you the procurement organization of the future. Let GEP be your transformation partner and confidently embark on your journey to success.
Our Solutions
With your business needs front of mind, GEP serves as your transformation partner throughout the journey. Our transformation programs typically begin with a maturity assessment and gap analysis and extend until the actual benefits are realized. Here are some key solutions we offer:
- Maturity Assessment and Gap Analysis
- Process and Policy Optimization
- Organizational Design and Effectiveness
- Skill Assessment and Capability Development
- Digital Source-to-Pay (S2P) Roadmap Design and Implementation
- Global Governance and Performance Reporting
- Post-Merger Operating Model Integration
- Transformation PMO and Change Management
Maturity Assessment and Gap Analysis
Evaluate your current procurement maturity level and identify gaps compared to best-in-class operating models, processes and technology
Process and Policy Optimization
Streamline processes and policies to drive efficiency, role clarity and improved outcomes
Organizational Design and Effectiveness
Optimize your procurement organization structure using benchmarks, design principles, and best practice responsibility-distribution frameworks
Skill Assessment and Capability Development
Assess skills using competency frameworks and develop capabilities to ensure your procurement team excels in the digital era
Digital Source-to-Pay (S2P) Roadmap Design and Implementation
Design and implement a digital S2P roadmap to enhance efficiency and effectiveness. Leverage AI capabilities in the digitalization roadmap where applicable
Global Governance and Performance Reporting
Establish robust governance mechanisms and implement a comprehensive performance reporting framework
Post-Merger Operating Model Integration
Integrate procurement operations seamlessly after a merger or acquisition
Transformation PMO and Change Management
Implement a transformation program management office with strong change management leadership
Why Customers Choose GEP for Procurement Transformation
GEP has over 20 years of experience designing and implementing procurement transformation programs for clients worldwide. We cater to organizations of all sizes and have extensive hands-on experience supporting post-transformation operations alongside our clients. Here's why GEP stands out:
- Organization Design Expertise: We utilize benchmarks, design principles and competency frameworks to develop an optimal procurement organizational structure.
- Streamlined Processes: Our expertise in S2P process architecture ensures maximum efficiency and effectiveness.
- Cutting-Edge Technology: As a leading provider of proprietary, AI-driven procurement technology, we offer innovative digital solutions and advanced analytics capabilities.
- Empathy-Driven Change Management: Our change management approach and tools ensure a smooth transition to your new procurement function.
- Transformation Program Management: With our PMO, governance tools and performance monitoring frameworks, we enable ongoing success and results-driven procurement operations.
Our Track Record
- Redesigned the end-to-end S2P operating model across the organization, processes and technology for a heavy equipment manufacturer with hundreds of facilities across the globe. Moved from a siloed to a center-led procurement model, achieving 95% higher spend visibility and 15% more cost effectiveness.
- Developed the procurement transformation roadmap for a US telecommunications equipment and services provider, including significant improvements in business partnering, contracting and S2P automation, leading to an increase in procurement function ROI from 7X to 11X.
- Overhauled S2P processes and led process implementation for a large utility company. Trained the client team on updated processes and supported change management activities, leading to significantly improved sourcing, contracting, ordering and invoicing cycle times.
- Developed the digital procurement transformation roadmap for a multinational auto parts manufacturer. Defined the technology future state and prioritized implementation recommendations to achieve the future state. Developed the business case for the implementation program.
- Partnered with a global CPG company to enable its post-acquisition transformation journey. Developed an integrated organization structure, leveraging CoE capabilities for contracting, SRM, sourcing support and market intelligence.
- Transformed a U.S. cooperative giant’s procurement function to maximize value for educational institutions, through organizational restructuring, best-in-class process design and skill development. This was combined with simplified governance, stage gates and updated performance metrics. Achieved more than 40% improvement in sourcing velocity and contract cycle times through these efforts.
If you are ready to transform your procurement function, contact GEP today. We will work with you to develop a customized transformation program that meets your specific needs.
