After two failed attempts at deploying eAuctions in Japan, a Fortune 100 retailer decided to find a partner that had not just the technology but also the expertise to define suitable strategies for eAuctions. The company also wanted help in managing these events and for training its procurement team to use eAuctions effectively. It found a perfect partner in GEP.
We delivered better results than what the client expected, managing $144 million in spend in 2020 through our GEP SMART eAuctions tool, achieving a savings rate of 23% and enabling the company to manage eAuctions on its own. GEP is now partnering with the retail giant to implement the project across its other regions.
This is an essential read for procurement leaders who want to execute best-in-class practices and solutions and improve cost management.