GEP, a leading global provider of software and services for procurement and supply chain management to Fortune 500 and Global 2000 enterprises worldwide, announced today that it was named the winner in the Best Procurement Consultancy category at the CIPS Supply Management Awards 2019, held recently in the U.K.
Respected as a benchmark for excellence, the CIPS Supply Management Award is one of the most prestigious recognitions in procurement and supply chain.
GEP was selected by Yorkshire Building Society (YBS), the second-largest building society in the United Kingdom, to transform its procurement organization. The program involved building a robust risk management framework, a central supplier repository, high-level automation and standardization, best practices in sourcing methodologies, and improving supplier management and category management. The transformation helped YBS achieve a 250% jump in savings and more than double its spend under management.
"It's a consultancy engagement that delivered clear and sustainable business benefits. A good example of a transformational project, including the roll-out of a new organization and process redesign," noted the judges at the CIPS Supply Management Awards.
GEP, unique among global business solutions providers, offers unified business transformation solutions that combine global capabilities in strategic management consulting, managed services and the industry's leading procurement and supply chain software platform — SMART by GEP®.
Long recognized as a thought leader in the procurement and supply chain space, GEP routinely receives high marks from analysts for its innovative and very effective use of digital technologies in operations and services delivery.
Sourced from Cision PR newswire