What is spend leakage?
Spend leakage refers to the extent of category spend with suppliers that do not feature on the pre-approved suppliers list. It is usually denoted as a percentage of the total spend and predominantly experienced in €˜indirect categories' where stakeholders opt to offer business to alternate sources.
Unified Procurement Platform
SMART by GEP® is a cloud-based, source-to-pay procurement software that delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform native to cloud, mobile and touch technologies this would be below unified procurement platform