GEP: A One Stop Destination for all things ‘Procurement’

Subhash Makhija , CEO & Co-founder , GEP

As a global leader and one-of-a-kind specialist in procurement solutions and software, GEP helps enterprise procurement and supply chain teams achieve their strategic, operational and financial objectives.

Established in 1999 with just the four co-founders as employees, GEP today manages $74 billion in spend for over 200 Fortune 500 and Global 2000 clients worldwide, with a rapidly growing workforce of over 2500 employees.

A Winning Business Model

The reason behind GEP’s astounding success is fairly easy to understand when you look at its well-thought and executed business model.

GEP has the most comprehensive portfolio of procurement and supply chain solutions in the industry. In fact, GEP is the only procurement solutions provider in the world with a business model built around the vision of providing a unified, integrated solutions portfolio — strategy, integrated with execution (managed services) and enabled by technology — to enterprise procurement teams. This vision and approach is fundamental to its go-to-market strategy, and is reflected in its three lines of business – consulting, outsourcing and technology.

Taken on its own, this combination of solutions is unique. But in addition, unlike other global service providers in its competitive set (which are typically multi-tower providers), GEP is entirely focused on the sourcing, procurement and related supply chain layers within the enterprise — a true best-of-breed.

At the same time, GEP is one of the industry’s leading software providers, an innovator with a complete source-to-pay, SaaS procurement platform (SMART by GEP) native to cloud, mobile and touch technologies.

“With the industry’s widest range of procurement offerings – consulting, outsourcing and software – GEP isn’t married to one category of procurement solution,” says Subhash Makhija, CEO & Co-founder, GEP.

Indeed, the depth, breadth and strength of GEP’s sourcing, procurement and supply chain expertise — encompassing vertical industries; commodities and categories; regions and localities, business and work processes — makes it a valuable and preferred business partner for procurement and supply chain leaders.

It’s no wonder then that GEP is consistently ranked among the top global procurement and supply chain solutions firms, by leading industry analysts and research firms, including Gartner, Kennedy, Everest Group, NelsonHall and Forrester, among others. 

Client-Centric Approach

GEP services and products are deployed discreetly as point solutions, or in various integrated combinations, or as a complete end-to-end solution. “Clients leverage what they need, when and how they need it – and given our breadth, depth and on-going investments in innovation, GEP enables its clients to evolve solutions as their requirements shift or change,” says Makhija.

GEP is a pioneer in providing a flexible, comprehensive set of procurement solutions (end-to-end as well as point solutions) “As-a-Service”, focused on delivering the fastest time to value to clients. GEP has developed a wide range of on-demand, “plug and play’’ solutions that clients can use to achieve their desired business outcomes, without any lengthy rollout, integration and implementation processes. The company is focused on helping clients rapidly realize their strategic, operational and financial goals without having to bother about the technology, people or processes involved in realizing these results.

Driven by Innovation

Since its inception, GEP has remained focused on developing unconventional solutions for procurement and supply chain organizations. The company’s leaders have built an organization with a singular culture – based on innovation, open dialogue and high energy – which has resulted in some startling product breakthroughs, such as SMART by GEP.

Conceived, designed and coded from scratch, SMART by GEP is a comprehensive sourcing and procurement platform developed on the Microsoft Azure platform, delivered through the Platform as a Service (PaaS) model. In fact, SMART by GEP is the first unified sourcing and procurement platform, native to cloud, mobile and touch technologies. 

Spectacular Growth and Expansion

GEP has consistently achieved double-digit growth in revenue from its services as well as technology businesses since its inception. It has steadily expanded its portfolio of solutions, geographic reach and footprint, and headcount over the last decade, adding end-to-end procurement outsourcing services to consulting services and technology, then pushing into new regions – in particular, Latin America, where GEP is a recognized leader in procurement services, and the Asia-Pacific region.

To support its rapid pace of growth, GEP has increased its headcount to more than 2,500 professionals — a 50-plus percent increase in the last two years.

GEP is focused on making significant investments in its people, processes, technology and expertise to enhance the breadth and depth of its solutions portfolio for both upstream and downstream processes. It continues to expand its services portfolio to enhance its sourcing and procurement delivery capabilities, and add new functionality and tools to its source-to-pay platform, SMART by GEP.

GEP currently serves clients all over the globe from locations in the Americas, Asia-Pacific and Europe, including 12 offices and operations centers in major regional market centers, such as Mumbai, Hyderabad, New York City (Clark, NJ), London, Prague, Mexico City, Sao Paulo, Shanghai, Singapore and Sydney.

The company is also continuing to expand and optimize its current global delivery centers to better serve clients in the markets that they operate through its innovative Global Regional Integrated Delivery (GRIDTM) model.

Source :- The 10 Fastest Growing Management and Strategy companies