DIRECT MATERIALS PROCUREMENT SOFTWARE
Market-leading enterprises focus on building strong procurement teams with core competencies and expertise in direct materials sourcing, to create a strategic, competitive advantage. However, their capabilities and performance are often hindered by legacy direct procurement software systems.
SMART by GEP changes all of that by providing a powerful, comprehensive and unified source-to-pay platform for direct materials procurement. From strategic sourcing to purchasing and payments, contracts to supplier management – streamline and optimize all your direct materials procurement operations with SMART by GEP.
Comprehensive Direct Materials Procurement Technology
"For us, digital transformation is a key strategy to deliver more value to the business, faster. We needed an easy-to-use technology solution that could help us source more effectively, minimize risk, drive greater adoption and compliant spend, and deliver on the changing business needs. SMART by GEP ticked all the boxes."
- Mette Villebro Sievers, Head of Procurement, Copenhagen Airport
Power-Up Your Supply Chain
With comprehensive BOM management, inventory management, and master data management capabilities, SMART by GEP provides you real-time access to all critical data for timely and effective decision-making.
Bill of Materials (BOM) Management
Seamlessly integrate all sourcing, procurement with production activities through updated, organized and accurate BOM data. Connect your product design, procurement, supply chain and manufacturing teams on a single platform to get new, innovative products to the market faster. Get real-time visibility of all items on your BOMs – latest specs, inventory, order status, contracts, supplier information, and shipment status – all in one place.
SMART by GEP offers real-time stock visibility of all the items on your BOM to help shorten lead times, optimize inventory, prevent stockouts, and reduce storage costs. Track and manage all direct materials inventory, set minimum stock limits to trigger an automatic re-order, and – with Vendor Managed Inventory (VMI) – give your suppliers the ability to plan and manage inventory levels, production and transportation.
Master Data Management
With comprehensive master data management capabilities, including data collection, normalization, error detection and correction, consolidation, data storage and distribution, SMART by GEP makes it easy to manage and share your supplier data across the enterprise. No more duplicate or outdated information – get accurate, reliable supplier master data for all your sourcing, procurement, manufacturing activities.
Achieve More with SMART by GEP
Integrate with all major ERP systems to retrieve, synchronize and manage master data
Allow suppliers to hand-pick items while bidding and buyers to multi-source awards to a bid
Give item or part-wise detailing for scheduled deliveries
Enable line-item level visibility to display approved vendor numbers and buyer part numbers
Import bills of materials from multiple systems
Convert winning bids into purchase orders
Get transaction network and secure electronic data interchange (EDI) capabilities with virtual asset support for storage, sharing and tracking
Provide what-if capabilities for make-versus-buy and for evaluating substitute materials
End-to-End Capabilites in One, Unified Platform
Designed for procurement professionals by procurement experts, SMART by GEP direct procurement software brings together all critical elements and stakeholders for direct materials procurement – buyers, suppliers, processes and data – in a single, unified platform to enable timely and effective decision-making.
A unified solution designed to streamline all direct materials sourcing, procurement and supply management activities
Enhanced supplier management and collaboration capabilities
Comprehensive BOM management functionality
Real-time visibility of materials status across the supply chain - sourcing, procurement, inventory, work-in-progress
Seamless integration with all leading ERP, MES and PLM systems
Intuitive, collaborative interface that drives adoption, efficiency and compliance
Why SMART by GEP Direct Procurement Software
Speed up time-to-market: Seamlessly integrate all your R&D, engineering, sourcing, procurement and supply chain management activities to get more innovative products to the market swiftly
Optimize sourcing: Get best-value sourcing for your all the items on your BOMs with the latest, up-to-date designs and specifications
Mitigate supply risks: Get access to real-time, up-to-date supplier data and market intelligence to identify and prevent and mitigate supply disruptions
Identify cost and value drivers: Scan multi-level bills of materials by product, component or category, with detailed breakdowns to locate principal cost and value drivers
Manage costs more effectively: Get maximum value for your spend by minimizing contract leakage and ensuring that all purchase orders meet the contract terms and agreements
Enhance supplier collaboration: Create an ecosystem for rapid innovation through effective collaboration with suppliers throughout the product life cycle