GEP
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Case Study: a Fortune 100 retailer achieves 23% procurement savings with GEP SMART eAuctions
A GEP Case Study
Fortune 100 Retailer boosts procurement savings 23% with GEP
A fortune 100 retailer faced challenges in effectively implementing eAuctions in Japan after two previous attempts. The company needed a partner that provided not only the right technology but also the strategic expertise, event management, and training for its procurement team. They turned to the vendor GEP and its GEP SMART eAuctions tool for a solution.
GEP managed $144 million in spend for the retailer in 2020 using its GEP SMART platform, achieving a 23% jump in procurement savings. The solution enabled the retailer's team to independently manage eAuctions, exceeding initial expectations. Following this success, GEP is now partnering with the retail giant to expand the project across its other regions.
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