Procurement Strategy

Expectations in the board room are rising – and to meet them, enterprise procurement organizations need to innovate, reinvent and transform themselves. This means, taking a fresh look at the current procurement setup and ensuring its alignment with your business objectives today. 

At GEP, we believe in aiming for procurement excellence. So it's not about being better, it's about being best-in-class. We'll help you develop an organization-wide procurement strategy – aligned to your business goals – that's engineered for success.

Procurement Benchmarking

What can't be measured, can't be improved. That's why, at GEP, we do first things first – determine your procurement organization's performance to know where it stands currently and where it needs to go, based on your business vision and objectives.

We benchmark your procurement organization, processes and technology against best-in-class practices using relevant KPIs and then develop a roadmap for transition.

Opportunity Identification

A key objective of every procurement organization is to derive maximum value for the enterprise by identifying cost reduction, including savings opportunities, wherever possible. GEP helps you identify these opportunities – whether it is a make vs buy decision, low-cost country sourcing, or achieving post-merger synergies from your procurement organization.

All this is backed by a clear understanding of your corporate strategy, market conditions, and consumer demand.

Category Planning

In category planning, one size does not fit all. A focused approach to planning and budgeting lays the right foundation for evaluating opportunities and managing risks. This is even more critical for volatile commodities like raw materials and energy.

We help our clients plan their spending in key categories in the annual budget development process by analyzing market trends and impending price fluctuations. Our market intelligence teams constantly track key markets to anticipate these variances and help you plan accurately. 

Technology Enablement

At GEP, we believe sourcing and procurement technology must meet the changing requirements of your business. We help you make the right investments in
e-procurement technology, making your sourcing process agile and responsive. GEP also has a set of proprietary, powerful, cloud-based procurement software that can be configured to your requirements.

By leveraging the power of cutting-edge technology, we help you improve transparency and information sharing between regions and across business units.

GEP combines a laser focus on procurement with an expansive global footprint that leverages top talent from around the world. GEP people are active on every continent and in every major economic market on the planet – including Brazil, Russia, India, China, Mexico, Germany, continental Europe, Australia, the UK and the US. That's one more reason we offer more value than anyone else. 

Learn more about GEP's procurement strategy services.CONTACT US TODAY