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

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GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.

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