Case Study: a Fortune 500 CPG company boosts spend visibility and drives $200M in savings with GEP SMART

Fortune 500 Cpg Enterprise Boosts Spend Visibility, Drives Savings With Gep Smart

A Fortune 500 CPG company was struggling with decentralized procurement, low spend visibility across multiple ERP systems, and a need to improve profit margins. They engaged GEP and implemented the GEP SMART platform to centralize operations, identify savings opportunities, and gain control over their indirect spend.

GEP configured the GEP SMART platform to unify and classify $8 billion in spend data from over 40 countries. This solution brought two-thirds of indirect spend under management and streamlined sourcing and contracts. The results delivered by GEP included $200 million in savings over three years, a 3.6% savings run rate, and over 25% profit-and-loss savings.