Case Study: a $16 billion biopharmaceutical company achieves $25 million in savings with GEP

a $16 billion biopharmaceutical company saves $25 million with GEP

The customer is a major biopharmaceutical company with $16 billion in revenue. Their challenge was the neglect of indirect spend categories like MRO, IT, travel, marketing, and professional services, which was negatively impacting profits despite their proficiency in managing direct spend. They engaged the vendor, GEP, for advanced category management services to address this.

GEP implemented a strategic sourcing solution, helping the company advance beyond basic category management. The results were $25 million in realized savings, which exceeded the savings target by almost 15 percent. This measurable impact demonstrated the significant value GEP delivered through its category management expertise.