Case Study: Fortune 500 Engineered Manufacturing Company achieves over 95% spend classification accuracy and enterprise-wide visibility with GEP (SMART by GEP)

Fortune 500 Engineered Components Manufacturer Optimizes Spend Management with SMART by GEP

A Fortune 500 engineered-components manufacturer with hundreds of businesses across more than 50 countries and roughly 70,000 employees needed better enterprise-wide spend visibility. The company struggled with manual, time-consuming data collection from over 450 business units and classification of large volumes of supplier data (top 95% of spend) and required improved spend categorization, supplier parent-child visibility, and global reporting for informed decision-making.

The company deployed SMART by GEP—an AI-driven, cloud-native procurement platform—configured and rolled out across hundreds of BUs with dedicated data extraction, quality controls, and on-site category reviews. The solution processed 5.3 million transactions annually (from ~100,000 suppliers), covering $7.1 billion in spend, achieved over 95% classification accuracy, reduced cycle times by ~20%, and delivered markedly improved enterprise spend visibility and increased spend under management.