Case Study: a Fortune Global 500 tire manufacturer achieves 15% APAC savings with GEP procurement transformation

Fortune Global 500 Tire Manufacturer boosts APAC savings 15% with GEP

A Fortune Global 500 tire manufacturer faced challenges with fragmented procurement processes, limited spend control, and too much time spent on low-value tasks in its APAC region. The company partnered with vendor GEP to streamline its procurement function, improve sourcing capabilities, and build a long-term transformation roadmap, utilizing GEP's procurement technology solution and expertise.

GEP implemented a solution that included a tactical buying center managed by its team. This freed the client's procurement staff to focus on strategic activities. The results included a 15% increase in savings within APAC and managed spend reaching over 85%, transforming procurement into a more strategic function for the tire manufacturer.