A leading apparel retailer, with a few thousand stores worldwide and annual revenues in excess of $19 billion, wanted to scale down costs in an increasingly demanding market. Faced with challenges such as short product life cycles, high product variations and a geographically fragmented supplier base, the company wanted complete visibility into spend and tail spend. However, it was using an ERP system that offered limited operational transparency into procurement processes.
Find out how AI-powered GEP SMART™ helped the fashion retailer automate data collection, process high volumes of data faster and manage more than $3 billion in annual indirect spend across 45,000 suppliers, improving spend as well as category and supplier management.
A must-read for procurement professionals looking to bring spend under control and drive greater savings.