Procurement is at a strategic inflection point: digital transformation could deliver a quantum leap in the function’s performance, but only if CPOs recognise they need to change mindsets as well as technology.
In our third and final paper of the series, written in partnership with GEP, we learn how chief procurement officers can digitally transform their function – and the technology it uses.
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GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. Fresh thinking, innovative products, unrivaled domain and subject expertise, and smart, passionate people – this is how GEP creates and delivers unified supply chain solutions of unprecedented scale, power and effectiveness.
Named a Leader in Gartner Magic Quadrants, Winner for Best Procurement Software and Best P2P Provider at the World Procurement Awards, Best Procurement Consultancy at CIPS Supply Management Awards, and Best Provider at the EPIC Procurement Excellence Awards, GEP is frequently honored as an innovator and leader in source-to-pay direct and indirect procurement software by Gartner, Forrester, IDC, Procurement Leaders, Spend Matters and CPO Rising.
GEP is also ranked leader in managed procurement services (procurement outsourcing) by Everest Group, NelsonHall, IDC, ISG, HfS and IAOP. In addition, the primary research firm in the management consulting sector, ALM Intelligence, ranks GEP leader in procurement strategy and supply chain consulting. With 21 offices and operations centers in Europe, Asia and the Americas, Clark, New Jersey-based GEP helps enterprises worldwide realize their strategic, operational and financial objectives. To learn more about our comprehensive range of software and services, please visit www.gep.com.
Let’s be honest: Agentic AI might sound like the next entry in a long line of tech buzzwords. But behind the name is something refreshingly practical and, dare we say, actually useful. Whether you’re still getting familiar with AI, or you're already automating procurement spend, we’ll show you how Agentic AI fits into your world, not the other way around.
Even the most diligent teams can’t see everything when information is dispersed across systems, versions, and departments. That’s why a growing number of organisations are rethinking how they approach contractual risk. Instead of fighting fires one document at a time, they’re turning to Contract Lifecycle Management (CLM), a comprehensive approach that brings every stage of the contract process into one cohesive, visible, and controlled environment.
If you were confident you could make a critical function 37% more efficient, grow revenue by 100 – 200 basis points, or cut procurement spend by 33%, wouldn’t you do it? Research and analysis show that these benefits are absolutely available to enterprises who get contracting right.
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