A leading U.S. retail outfitter grappled with several procurement challenges. It was unable to identify spending trends and savings opportunities because of limited visibility into its $250 million spend. Furthermore, the spend analytics tool in use had a long turnaround time and limited configurability.
GEP SMART turned out to be just the solution the client was looking for. The AI-driven procurement platform aggregated, processed and analyzed spend data from all of the client’s business units with over 90% accuracy, offering valuable insights and paving the way for better cost management.
A must-read for procurement professionals looking to improve spend management to make an impact on the company’s bottom line.