Revolutionizing Packaging Procurement with GEP SMART

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Revolutionizing Packaging Procurement with GEP SMART

Challenges in Packaging Procurement

The packaging industry has been undergoing significant changes in recent years with various macro factors impacting the market. From raw material price volatility to increased demand for premium and green packaging, the landscape is complex and ever-evolving. This volatility poses challenges for procurement professionals who must navigate through fluctuating costs while meeting the expectations of product marketing groups. The risk associated with the category and the impact of price changes on end products are substantial, requiring constant vigilance and adaptability.

Category Management With GEP SMART

GEP SMART offers a comprehensive solution for packaging procurement, enabling organizations to drive their category strategies with complete visibility, oversight, control, and governance. With GEP SMART, procurement professionals can gain insights into the supplier market, track raw material prices, supply, and demand trends, and stay informed about industry developments. This empowers them to make informed decisions and optimize their sourcing strategies for maximum efficiency and cost reduction.

Expertise and Infrastructure

GEP's extensive experience in packaging procurement is backed by a strong support infrastructure that combines category expertise with a global network of supplier relationships. With a dedicated market intelligence team, packaging category SMEs, and an on-the-ground presence in key markets, GEP is well-equipped to execute sourcing activities with speed and precision. Additionally, the use of versatile eSourcing tools and a global supplier network further enhances the efficiency and effectiveness of the procurement process.

Focused and Holistic Strategies

GEP's sourcing strategies for packaging are focused on total cost reduction and include various optimization techniques such as cost breakdown analysis, demand management, specification optimization, and logistics optimization. By leveraging low-cost country sourcing and supplier development initiatives, GEP helps organizations achieve breakthrough savings on their packaging spend while reducing supply and quality risks. The holistic approach to packaging procurement ensures that clients not only control costs but also drive growth and innovation in their packaging strategies.

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Empower Your Business with GEP SMART Third-Party Risk Management Solution

Comprehensive Risk Management Software

GEP SMART's Third-Party Risk Management (TPRM) solution offers a comprehensive and flexible platform to enhance risk management practices. By developing a robust TPRM strategy with a comprehensive risk management framework, organizations can proactively mitigate risks and enhance operational security. The solution enables risk-based third-party segmentation, allowing for the prioritization of resources based on vendors' risk profiles. It also facilitates assessing and categorizing risks associated with vendors across various dimensions, from cybersecurity vulnerabilities to compliance issues.

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Revolutionizing Supply Chains with GEP SMART

The Need for Resilient and Agile Supply Chains

In today's unpredictable business landscape, the importance of having a resilient and agile supply chain cannot be overstated. With disruptions becoming more frequent, organizations are shifting from traditional 'built-to-last' supply chain models to more adaptive 'built-for-change' approaches. GEP is leading the charge in this transformation by enabling enterprises to harness the power of artificial intelligence and other cutting-edge technologies to build supply chains that are not just resilient and sustainable but also agile and efficient.

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Maximizing Cost Recovery with GEP SMART Invoice Auditing Solution

Understanding the Challenge of Savings Leakage

Discrepancies in accounts payable can severely impact the hard-earned cost savings of procurement teams, leading to significant financial losses and reduced working capital. With potential leakage amounting to millions, organizations need a strategic approach to prevent such monetary drains. GEP's Cost Recovery & Invoice Auditing services offer a comprehensive solution to eliminate this leakage.

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Enhancing Procurement Performance with GEP SMART Support Services

Empowering Enterprise Procurement Teams

In today's rapidly evolving business landscape, the significance of procurement within enterprises has never been greater. The demands on procurement teams are increasing as organizations seek to optimize their supply chains, reduce costs, and drive efficiencies. However, with lean internal teams, meeting these demands can be overwhelming. GEP's Procurement Support Services are designed to empower enterprise procurement teams to meet their targets, expand their reach, and exceed rising expectations. By leveraging GEP's support services, teams can ensure that they are firing on all cylinders and making a tangible impact on the organization.

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Unlocking Procurement and Supply Chain Excellence with GEP SMART

Access to Proprietary Research and White Papers

GEP SMART is a leading solution for procurement and supply chain leaders worldwide who are looking to achieve excellence in their operations. The platform offers access to proprietary research, issue-oriented white papers, webinars, case studies, playbooks, and primers that have been developed over two decades of complex problem-solving. These resources are designed to provide valuable insights, best practices, and innovative strategies that can help organizations transform their procurement and supply chain functions.

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