Case Study: Fortune Global 500 Industrial Equipment Manufacturing Company achieves 90% spend-data accuracy and improved supplier performance with GEP SMART

Global 500 Manufacturer Boosts Spend Visibility and Supplier Performance with GEP SMART™

A Fortune Global 500 industrial equipment manufacturer with roughly $29 billion in annual revenue and operations across six continents needed to streamline procurement after years of disparate sourcing systems, low user adoption of legacy software, long sourcing cycles, and no standardized supplier onboarding or RFP processes — challenges that limited enterprise-wide spend visibility and made it hard to capture synergies during M&A.

The company deployed GEP SMART in a phased rollout (sourcing first, then spend analysis and supplier performance) and migrated an acquired firm’s users into the platform, added monthly spend refreshes and advanced reporting. The result was a center-led procurement view across six business units, over 90% spend-data accuracy, $4–5 billion of spend processed annually, 3,000+ sourcing events, 900+ active users, 13,000+ suppliers onboarded and 300+ supplier scorecards — enabling faster identification of opportunities and improved supplier performance.