New Approaches to Overcoming Direct Procurement Challenges
Procurement has come a long way — from a back-office, transactional function to a strategic partner powering a stronger, more successful business. But most of the dramatic change has originated from the “low-hanging fruit” in indirect procurement. On the other side of the equation — the direct spend space — are persistent inefficiencies and missed opportunities to make the business more competitive and create real value.
Now, a new report from Everest Group — Is It Time to Outsource Direct Spend Categories? — explores the factors contributing to suboptimal direct spend management, and what to actually do about them. It provides a starting point for enterprises to begin changing their approach to direct spend management — helping them realize the untapped potential in direct procurement by leveraging external expertise and adopting the latest technology.
A must-read report for every business leader and procurement pro journeying toward innovation and transformation.
“GEP is uniquely positioned to advise clients, bringing its category and transformation expertise to help clients achieve their specific organizational, supply management and process efficiency objectives.”
Why Read It
Direct Sourcing Bottlenecks
The endemic challenges and how to counter them
When and Why to Leverage External Expertise
Adoption drivers for direct materials outsourcing
What’s Driving the Need for Transformation
New business landscapes changing the old rules
Fixing Direct Procurement by Leveraging External Expertise — Read Now
About Us
GEP® delivers AI-native procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s AI-native procurement and supply chain platform consistently wins awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others.
Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
