Case Study: a Fortune 500 industrial manufacturing company achieves $500M indirect procurement savings pipeline with GEP

How GEP Helped a Fortune 500 Manufacturer Build $500M Savings Pipeline for Indirect Spend

A major Fortune 500 industrial manufacturing company faced significant challenges with its fragmented and decentralized global indirect procurement. With operations across more than 20 countries, the company suffered from a lack of spend visibility, low process compliance, and a complex technology landscape that prevented its team from acting strategically. To transform this function, the company partnered with vendor GEP to unify and digitalize its operations.

GEP deployed a combined solution, which included its GEP SMART™ AI-powered procurement platform and a comprehensive managed services and advisory approach. The implementation, which involved a phased rollout, change management, and the automation of key processes, resulted in spend visibility soaring from under 50% to over 95%. This transformation delivered over $100 million in immediate savings, established a pipeline to achieve $500 million, and drove an 80% adoption rate for strategic tools, enabling the client's procurement team to focus on high-value strategic work.