Strategic cost management is the process that aims to strengthen a company’s strategic position by carefully controlling costs according to the company’s broader objectives. The practice requires separating the costs that help build a company’s strategic position from other costs that may weaken it, then reducing the latter category.
This approach can provide a sustainable competitive edge by combining cost information with decision making. Learn more about the GEP’s strategic cost management strategy 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.