Fortune Global 500 Manufacturer Boosts Spend Visibility, Improves Supplier Performance with GEP SMARTTM 2 A Fortune Global 500 industrial equipment manufacturer with annual revenues of around $29 billion and presence across six continents wanted to streamline its procurement operations, gain visibility into enterprisewide spend and improve its sourcing engagements. DISPARATE SOURCING SYSTEMS AND LACK OF ESTABLISHED PROCESSES For several years, the multinational had been trying to improve the efficiency of its sourcing and procurement operations and identify more cost-saving opportunities, especially during mergers and acquisitions. However, the Fortune Global 500 manufacturer lacked visibility into its spend data because of the use of disparate systems across its six business units.

Join for free to read