Case Study: a large public research university achieves 42% savings with GEP

Strategic Sourcing Helps Identify Savings for Public Research University

A major public research university engaged GEP to improve its spend management through a strategic sourcing program. The university's procurement department had not pursued competitive pricing with its incumbent suppliers for over five years, which presented a significant opportunity for savings.

GEP implemented a competitive sourcing process that involved spend analysis, benchmarking, RFP development, and supplier negotiations. As a result of this engagement, the client identified total savings of 42 percent, which included a 25 percent reduction on historical purchases, a 12 percent upfront incentive, and a 5 percent saving from a product rationalization program.