Case Study
Global Retailer Enhances Spend Management Capabilities with GEP SMART
GLOBAL RETAILER ENHANCES SPEND MANAGEMENT CAPABILITIES WITH GEP SMART TM A leading clothing and accessories retailer, with over 155,000 employees across 96 countries and annual revenues in excess of $19 billion, wanted complete visibility into spend and tail spend. It sought a technology solution that would automate data collection, bring enterprise-wide spend under control and help optimize category management. RESULTS ACHIEVEMENTS OBJECTIVES • Improved spend data quality, visibility and accuracy • Managed more than $3 billion in annual indirect spend across 45,000 suppliers • Improved turnaround times • Achieved over 95% accuracy in spend analysis • Increased operational efficiency • Identified savings opportunities • Deployed GEP SMART within two months across 10 BUs for gr