Procurement Savings Performance Benchmarking

GEP SMARTTM brings all your procurement activities and related data together, in one place. What that means is that you can easily benchmark and compare current savings performance with that in the past.

Before you even start to plan your strategic savings projects, you can investigate past performance data, and identify trends and patterns to help you focus on levers that drive maximum savings and value.

GEP SMART lets you identify seasonal purchasing trends, regional variances and long-term growth in category spend, and benchmark your actual performance against previous savings projects. By doing so, you can validate your past performance and look for ways to improve the effectiveness of your savings projects. Once you start running savings projects in GEP SMART, you can identify opportunities from the past performance data, and launch new sourcing waves to deliver against those opportunities.

 

  • Intelligent

  • Intuitive

  • Comprehensive

  • Mobile

  • Cloud-native

  • Best-in-class

  • Powerful

  • Game-changing

SAVINGS TRACKING SOFTWARE

Get a comprehensive overview of your savings pipeline, anytime, anywhere, on any device. GEP SMART allows you to easily build, track and manage your savings pipeline by collaborating with team members and stakeholders in real time.

Initiate new savings projects based on opportunities identified through spend analysis. Ideate and discuss them with colleagues. Define the scope of your savings initiatives. Establish estimated spend and savings targets, then define milestones based on when you expect to negotiate and realize those savings. Create teams, assign resources and roll out new savings projects. Then track them easily as you negotiate and realize savings through the year.

Savings Dashboard

Get complete overview of your savings projects throughout their life cycle, with real-time, enterprise-wide savings visibility for better, more informed business decisions

Learn More

Seamless Data Integration

Automatically consolidate data from auctions, RFx and contracts to identify negotiated and realized savings in real time. No need to enter data manually or maintain multiple sheets

Learn More

Collaboration Platform

GEP SMART is a cloud-based platform that helps you identify, initiate and launch new savings projects in collaboration with colleagues across functions and locations

Learn More

Complete Savings Visibility

Get real-time visibility into all types of savings across the enterprise — cost avoidance, cost reduction, signing bonus, rebate and gain share — with just a few clicks or taps

Learn More

Performance Benchmarking

GEP SMART lets you evaluate the performance of all your cost-saving projects across the enterprise by comparing with historical savings data and other savings baselines

Learn More

Savings Validation

Capture actual purchase and invoice activity automatically and track performance against targets. Convert projected numbers into realized savings validated by finance

Learn More