GEP is one of the leading providers of strategic sourcing services in the world. Every year, we help hundreds of organizations save billions in spend. Staffed with experienced category specialists, our sourcing teams get sustainable results fast ― real results that improve the bottom line and create competitive advantage.
Achieve best-value sourcing agreements and optimize your spend with SMART by GEP®
We have a proprietary mix of outstanding analytical and sourcing tools, talent and supporting infrastructure, positioned in regional offices and operations centers across the globe, to hit the ground running and deliver greater savings and value from Day One. With GEP you get:
- More than 200 category experts on staff
- Dedicated market intelligence and analytics teams
- State-of-the-art analytical and sourcing tools
- A rapidly expanding database of more than 35 million global suppliers
- A repository of best-practice methodologies, processes and specialized templates
- Local teams in major markets across Europe, Asia and the Americas
We’ve had a very successful sourcing partnership with GEP. They’ve helped supplement our procurement team with subject matter experts who worked closely with us to get us focused.
– Corporate VP, Strategic Procurement, B. Braun
Innovation Unlocks Opportunity
GEP has pioneered and refined a holistic approach for spend management and strategic sourcing.
We use techniques and tools that go far beyond unit price reduction to address deeper, often untapped opportunities for savings, including:
- Spend Consolidation
- Demand Management
- Product Rationalization
- Value Improvement
- Should-Cost Analysis
- Operational Cost Reduction
- Continuous Improvement
- Low-Cost Country Sourcing
Our delivery approach is flexible at its core. We configure solutions to suit your specific goals, ranging from multiyear programs to achieve specific savings targets, to short-term, category-specific engagements where you want to shore up in-house expertise.
An advanced analysis of historic spend data is the backbone of any strategic sourcing solution. Apart from spend analysis, GEP conducts a thorough review of existing sourcing processes to present an "As-Is to Ideal" road map. This is made possible through relevant inputs from all business stakeholders.
Procurement teams, senior management and suppliers are actively engaged to draw a detailed long-term savings road map. This is generally followed by identification of categories with a potential savings and supply market analysis.
According to recent research, best-in-class procurement organizations source at least 20 percent of their enterprise spend from low-cost countries.
Whether or not your procurement team has experience in low-cost country sourcing (LCCS), GEP can help you achieve more value more rapidly.
In fact, on average, GEP delivers incremental savings of 25 to 30 percent when sourcing from low-cost country sources, instead of domestic suppliers.
While onsite, GEP staffers typically drive program management, engage functional stakeholders, support change management and ensure implementation. GEP's offices and operations centers in major markets worldwide provide analytical horsepower, market intelligence and execution support to our onsite teams across the world.
This model ensures good communication and engagement, and delivers faster time-to-value and high return on investment.