Success in business requires a long-term perspective and goals that go beyond quarterly profits. Staying in the game isn’t enough. With fierce competition, flatlining productivity and rising boardroom expectations, the need for innovation in procurement is urgent.
The key to success? An agile procurement strategy that can drive end-to-end transformation. At GEP, the best minds craft direct and indirect procurement strategies that advance procurement along the maturity curve. We reinvent your procurement operations, align it to business goals, extend your reach and set you up for success.
Unified Procurement Solutions
We offer unified procurement solutions that integrate strategy, services and software, helping companies run leaner and meaner; become more agile and customer-focused; and make data-driven decisions. Our source-to-pay portfolio covers all your procurement needs, including strategic sourcing, supplier management, compliance, spend analysis and contract management. We use the lean procurement approach to streamline processes, reduce waste, optimize time-cost value and improve supplier collaboration, spend efficiency and control.
How GEP Creates Winning Procurement Strategies
Our procurement strategy services stand out due to our four-point approach. Whether it’s sourcing, cost reduction or buying channel strategies, this approach has helped us create successful road maps for companies worldwide. Here’s why our strategies are effective:
Procurement Benchmarking
To improve, and to measure that improvement, you must know where you presently stand. Assessing the current procurement performance gives us a clear picture of what the procurement strategy must achieve in accordance with your business goals. It also enables us to compare your procurement operation to that of world-class organizations, proven best practices, and other industry yardsticks to construct a solid transition plan.
Opportunity Identification
Whether it’s cutting costs or realizing greater savings, a good procurement strategy maximizes value generation. That’s why we first focus on gaining a thorough understanding of your corporate strategy and then use powerful market intelligence to identify lucrative opportunities. These could be make-vs.-buy decisions, a shortlist of low-cost countries for sourcing or steps to attain post-M&A synergies.
Category Planning
Market dynamics can create unexpected risks and opportunities, especially when it comes to volatile commodities like raw materials and energy. But to capitalize on the ups and steer clear of the downs, a careful analysis of market trends is necessary. GEP’s market intelligence team excels at tracking factors like price fluctuations, resource shortages and demand variations to predict possible outcomes and help you plan your spending across key categories. This method of planning and budgeting creates opportunities in key categories, customized for your enterprise.
Technology Enablement
A robust procurement strategy is incomplete without powerful technology that supports business requirements. We help you invest in the right technology to catalyze swift and responsive processes and drive adoption and compliance. GEP SMARTTM, our cloud-based, mobile-native procurement software, can be configured to your needs to help you improve transparency and information-sharing across the enterprise.
