A global consumer packaged goods (CPG) manufacturer sought to transform its source-to-pay processes to improve focus on indirect spend, deliver savings and advance it into the top quartile of procurement capabilities across peer companies.
The company selected GEP to help it develop a new procurement operating model. GEP assisted the client with restructuring its procurement organization to centralize functions, improve visibility and drive contract compliance with a robust global governance model.
The strategic partnership with GEP enabled the company to achieve an estimated $1 billion in overall savings, reduce its supplier base by 30% and improve purchase order cycle time.
This case study is a must-read for CPG companies that want to streamline their S2P processes and build a world-class procurement organization.