A heavy equipment manufacturer had under 50% visibility into its indirect spend and a fragmented procurement technology landscape. Operations were decentralized and every region had its own practices. The result: Its global procurement team was too busy putting out fires and managing day-to-day activities to take on a strategic role.
The company decided to transform procurement and partnered with GEP for its expertise in combined solutions — a unified platform (GEP SMART), and advisory and managed services.
GEP improved spend visibility to 95%, simplified the buying experience, delivered over $100 million in P&L savings and took over transactional activities. The firm now has an efficient, center-led procurement operation and a team focused on high-value activities.
A must-read for leaders looking to transform their procurement organization.