Case Study: Major U.S. Real Estate Company achieves 20% savings on addressable spend with GEP

Real Estate Leader Centralizes Procurement, Saves 20% on Addressable Spend

A major U.S. real estate company with a $3 billion property portfolio faced fragmented, pre-digital procurement: siloed business units, inconsistent supplier selection, unreliable data and inefficient PR-to-PO processes that constrained cost control and growth. The client engaged GEP to centralize and standardize procurement, improve reporting and enable data-driven decision-making across four business units and 50+ sites.

GEP deployed a global team of category specialists, performed detailed spend analysis and implemented a six-step strategic sourcing and source-to-pay program—bundling 240+ service agreements, rationalizing suppliers and automating reporting. Within 10 months the initiative delivered 6–8% savings on total spend, saved $2.7M (≈20%) of $14M addressable spend, processed 20,000 PRs with 98% accuracy and achieved 92% PR‑PO compliance, while improving supplier compliance and operational visibility.