Consortia procurement is a group-purchasing model in which two or more independent companies collaborate and aggregate their spend volumes to jointly meet their goods and services requirements. The key objectives of coming together are to increase the buying power of the individual companies and enhance savings by leveraging greater economies of scale and pre-negotiated prices with suppliers. This purchasing model is generally considered more suitable for small and medium enterprises.
Read more to learn about GEP’s procurement software solutions.
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.
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.