Unlocking Opportunities Through Spend Analysis
GEP SMART's Opportunity Assessment offers a comprehensive solution to identify new opportunities and maximize savings for businesses. Through in-depth spend analysis, GEP leverages historic spend data to uncover potential areas for improvement. By conducting a detailed review of existing sourcing processes, GEP creates a roadmap from the current state to an ideal scenario. This process involves collaboration with procurement teams, senior management, and suppliers to develop a long-term savings plan.
Comprehensive Opportunity Assessment
GEP's procurement specialists customize programs to suit the unique needs of each client. The assessments include analysis of category data by supplier, business unit, sub-categories, and diversity spend. Moreover, GEP identifies synergies between different business units or companies and opportunities for supplier rationalization. The team quantifies and prioritizes potential savings based on factors like category complexity, ease of implementation, and change management considerations.
Roadmap to Success
With years of hands-on experience, GEP offers a roadmap for sourcing and procurement transformation. This includes resource estimation, timelines for sourcing execution, and a forecast of savings cash flow. By developing a comprehensive strategy, GEP enables businesses to unlock more savings and drive value across their procurement processes.