Case Study: a leading drugstore chain achieves greater procurement efficiency and savings with GEP SMART

Leading Drugstore Chain Drives Higher Efficiency And Savings With Gep Smart

A leading drugstore chain faced challenges with its decentralized and manual procurement processes, which led to poor spend visibility and inefficiency. To address this, the company chose to implement the SMART by GEP platform from vendor GEP Nexxe, aiming to centralize operations and increase spend under management.

GEP Nexxe implemented its SMART procurement software, including P2P and Contract Management functionalities, to automate and streamline processes. The results were substantial, with spend under management increasing from less than 20% to over 90%. Invoice processing time was reduced from over 30 days to under 5 days, enabling the capture of more early payment discounts and driving significant savings and efficiency gains for the client.