Case Study: Fortune 500 Retailer Company achieves 10.5% ($2M) annual savings on key spend categories with GEP

How a Fortune 500 Retailer Saved 10% Costs on Key Spend Categories by Partnering With GEP

A leading Fortune 500 retail chain with roughly $19 million in annual hospitality spend — 80% concentrated among its top six suppliers — was hampered by fragmented sourcing, inconsistent product specifications, uncontrolled store-level purchases and rising costs across meat and other categories. The company needed a streamlined, compliant procurement approach to cut costs and reduce supply-chain risk.

Partnering with GEP, the retailer ran market analysis, issued RFPs, consolidated vendors, standardized specs, enforced system-level purchasing restrictions, used structured negotiation scripts and deployed dynamic reporting dashboards. The program delivered $2 million in annual savings (10.5%), reduced SKUs by over 80% in multiple product groups, standardized purchases across stores, and secured long-term price protections or indexed contracts to shield against inflation.