Faced with rising investment needs and shrinking margins, a leading American telecom company decided to improve its procurement efficiency and boost cost savings by centralizing and automating its sourcing, contract and supplier operations. To this effect, the company sought an easy-to-use procurement solution that would integrate seamlessly with its legacy systems.

Deploying GEP SMART helped the company gain visibility and control over its procurement operations and analyze large volumes of data to gain market insights. The AI-driven procurement platform helped manage suppliers and contracts efficiently, offered user-friendly catalogs that simplified buying and brought a significant amount of spend under management — over $7.3 billion of spend has been processed across three ERP systems in three years.

A must-read for procurement and telecom industry professionals looking to drive greater value from sourcing and supplier engagements.

Theme: Software and Technology