A Top Retail Chain Cuts Costs and Improves Gross Margin With GEP

A MUST-READ FOR PROCUREMENT LEADERS

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A Top Retail Chain Cuts Costs and Improves Gross Margin With GEP

A top U.S. retail company with over 500 outlets faced rising direct material costs and a waning gross margin. Costs were going up, and retail outlets weren’t able to raise prices. The company hired GEP to resolve the challenges after a pilot.

Read a case study — Leading Retailer Achieves 40% Reduction in Cost of Goods Sold and 16% Improvement in Gross Margins — to discover how GEP helped the retailer reduce the cost of goods sold and improve profitability in the important glassware and flatware category. The strategy involved adopting value engineering principles and expanding and diversifying the supplier base.

This case study is a compelling read for procurement leaders in the retail industry.

Learn How a Fortune 500 Retailer Fought Rising Costs and Lifted the Gross Margin. Read Now

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 The Hackett Group.

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.