Standardizing processes, managing spend, improving sourcing engagements, tracking supplier performance — these were difficult goals for a Fortune Global 500 manufacturer, thanks to disparate systems across six business units. Until it decided to invest in a unified, source-to-pay, cloud platform.
The company chose GEP SMART. It has helped the multinational harmonize and integrate its procurement activities and improve overall efficiencies, in no small part because of its easy-to-use interface, which has led to high user adoption. It has helped classify and analyze over $33 billion of spend, create over 3,000 sourcing events, onboard and manage more than 13,000 suppliers till date and, on the whole, run a far more efficient and productive procurement operation.
A must-read for professionals who want to streamline operations and have procurement play a more strategic role in the enterprise.