In a devolved operating model, procurement decentralizes its operations and vests authority in other departments and stakeholders of the business. This means that different teams have the freedom to conduct purchasing independently of a central procurement team.
While both centralized and devolved procurement structures have their pros and cons, the devolved structure allows different stakeholders to use their expertise in purchasing and effectively deal with category-specific suppliers.
Read more to learn about GEP’s procurement services and 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.