How a Top Retailer Diversified Supplier Base With Procurement Strategy Consulting
Customer expectations are higher than ever, and retailers cannot afford to falter in their procurement and supply chain strategy.
Concerned about rising geopolitical tensions impacting its supply chain, a fast-growing retailer of lifestyle accessories decided to reduce its dependence on suppliers and contract manufacturers in China.
The U.S. retailer partnered with GEP to diversify its supplier base for direct materials and reduce risk.
Discover how GEP, through its procurement strategy consulting, identified reliable suppliers from other countries, conducted negotiations and helped the retailer redistribute volumes across suppliers to eliminate risk.
Thanks to the improved cost structure negotiated by GEP, the retailer is also set to achieve annual cost savings of around 35% for in-scope products.
This case study offers valuable insights for procurement leaders who want to boost supply chain resiliency without escalating costs.
GEP’s Comprehensive Procurement Strategy Services
GEP offers transformative procurement strategies that reimagine operations, align with business goals and ensure long-term success. Whether it’s procurement sourcing strategy or procurement cost-reduction program, our four-point approach – benchmarking, opportunity identification, category planning and technology enablement with AI – consistently helps build successful road maps for leading global companies.
Download the Case Study to Know the Steps the Retailer Took to Boost Cost Savings and Cut Risks
About Us
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.
Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.
GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
GEP SMART™ is an AI-powered, cloud-native software for direct and indirect procurement that offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE™ is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains.
Built on a foundation of big data, artificial intelligence and machine learning, GEP NEXXE is next-generation software that helps enterprises make supply chain a competitive advantage.
