Back to Glossary

What is procurement?

Procurement can be a process, a role and/or a department. Procurement begins with analyzing spend, identifying savings opportunities and negotiating contracts, and it extends up to managing vendor performances and settling final payments with numerous other processes in the middle. The procurement department's end goal is to develop and implement strategies that are targeted at maximizing value of every buck spend. Learn more about the GEP’s procurement services.

World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management

GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART 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.

Learn More ‌ 

Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise 

GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.

Learn More ‌