GEP has been named Leader and Star Performer in the Everest Group’s 2020 PEAK Matrix® for Procurement Outsourcing Providers.
The PEAK Matrix provides a detailed, data-driven analysis of service providers based on their overall capability and market impact across different global services markets.
The report evaluated and classified 17 PO service providers into three categories: Leaders, Major Contenders and Aspirants. Of the four firms in the top Leaders category, GEP is the only company to have been identified as Star Performer — providers that display the most positive year-over-year movement on the PEAK Matrix.
This is the eighth consecutive year that GEP has been named both Leader and Star Performer in the report brought out by the U.S.-based management consulting firm.
GEP strengthened its position in the Leaders category by achieving one of the highest buyer satisfaction ratings and posting among the highest revenue growths in 2019.
This report offers critical insights that enterprises need to select the procurement provider most suited to their requirements. A must-read for business leaders looking for a partner to drive greater value from procurement.
“GEP continues to strengthen its leadership position in the PO market through its exclusive focus on strategic sourcing and procurement services, supported by deep expertise and advanced technology capabilities. In 2019, it expanded its expertise to several direct material categories, continued investments in proprietary platforms, cognitive capabilities and global delivery, and achieved above market average revenue growth and very high client satisfaction, making it one of the Star Performers.”
– Shirley Hung, Vice President, Everest Group