Expertise, Experience & Focus
As procurement continues to evolve toward a strategic enterprise function, CPOs and other senior procurement leaders are routinely evaluated on their team’s strategic contributions to the overall business.
Make no mistake, cost control remains a prime objective. But cost control per se is increasingly considered “table stakes” these days, especially in the C-suite. How can you deliver impressive savings year after year and raise your game?
With category management services from GEP, procurement teams in market-leading enterprises all over the globe not only save more money, but also improve supplier performance, mitigate supply risks, and drive innovation and continuous improvement.
Power of Pro-Active
Capable suppliers, good terms – the standard “punch list” only goes so far.
Identified savings can easily leak away due to poor compliance, shifting business requirements or inadequate supplier performance.
Pro-active management is imperative to ensure that the suppliers and contracts deliver real savings to the bottom line. That’s the GEP way.
- Real-time market intelligence on commodities and suppliers
- Best-practice methodologies across industries and categories
- Accurate category planning, including forecasting and budgeting
- Real-time visibility into supplier performance and scorecards
- Pro-active contract reviews, renewals and contract compliance
- Reduced maverick buying and more spend under management
- Real-time measurement and tracking of identified savings vs. realized savings
- Continuous annual cost reductions driven by process improvements and innovation
Expect GEP to bring together some of the most accomplished professionals in procurement – many of them recognized thought leaders in their respective specialties. Our category managers are commodities and materials specialists, highly focused on the particular requirements and realities of distinct markets.
At the same time, they actively share knowledge with GEP colleagues across a broad range of commodities and, in turn, receive timely insights from them. This continual intelligence gathering and sharing creates a high degree of market and trend sensitivity that delivers uncommon value to clients.
Portfolio & Risk Management
For volatile commodities such as raw materials and energy, hedging – what, how much and how long – presents some of the most challenging questions that procurement managers face.
We work with our clients to identify opportune times and hedge future contracts to secure better prices for their current and future requirements.
Further, we incorporate these insights and strategies in the contracts we negotiate on behalf of our clients by incorporating the right terms and conditions to secure our clients’ position under unforeseen circumstances.
