A Baking Giant Saves 10% on Raw Material Costs With GEP’s Category Management
Rising commodity prices were putting pressure on a leading baking company with a nationwide presence in the United States. As direct material costs soared, the company sought to optimize its cost of goods sold (COGS) to maintain profitability. That's when the company turned to GEP to tackle the challenge head-on.
With GEP as partner, the company realized 10% savings in raw material costs and identified over $9 million in P&L savings. Find out from this case study — How a Top U.S. Bakery Company Achieved 10% Reduction in Raw Material Costs by Partnering With GEP — how GEP helped the baking company save on direct material costs.
What’s Inside
- How GEP accomplished category benchmarking with its Category Advisory Group
- Deployment of GEP SMART for spend analysis and savings opportunity assessment
- Additional value creation by leveraging benefits offered through export credit
This case study is a must-read for procurement leaders in the CPG industry who want to manage their categories more effectively and save direct material costs.
Top U.S. Baking Products Company Cuts 10% on Direct Material Costs With Help From GEP — Read How
About Us
GEP® delivers AI-native procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s AI-native procurement and supply chain platform consistently wins awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others.
Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
