Procurement Savings Performance Benchmarking
SMART by GEP brings all your procurement activities and related data together, in one place. What that means is that you can easily benchmark and compare current savings performance with that in the past.
Before you even start to plan your strategic savings projects, you can investigate past performance data, and identify trends and patterns to help you focus on levers that drive maximum savings and value.
SMART by GEP lets you identify seasonal purchasing trends, regional variances and long-term growth in category spend, and benchmark your actual performance against previous savings projects. By doing so, you can validate your past performance and look for ways to improve the effectiveness of your savings projects. Once you start running savings projects in SMART by GEP, you can identify opportunities from the past performance data, and launch new sourcing waves to deliver against those opportunities.