Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 25 2020 - 22:00
GEP Wins Top Honors at Asia Pacific's Prestigious Procurement Success Awards
CLARK, N.J., Nov. 25, 2020 /PRNewswire-AsiaNet/ --

- Wins Procurement Consultancy Project Award for having delivered tens of 
millions in year-over-year cost savings for leading global manufacturer

- Cited for unique integrated combination of strategy, managed services and 
technology solutions to transform procurement 

- Follows on the heels of Best Procurement Software Award, as well as 
short-listing Procurement Consultancy Project Award, at the recent annual World 
Procurement Awards 

GEP, a leading provider of supply chain software and services to Fortune 500 
and Global 2000 enterprises worldwide, announced that it has won Asia's 
prestigious Procurement Consultancy Project Award at the Asia Pacific 
Procurement Success Awards 2020, held recently in Shanghai. 

Logo - 

GEP received the top consulting honor for transforming the procurement 
operations of a Fortune 500 manufacturer, delivering tens of millions in 
bottom-line savings from the company's spend of Euros 700 million. Now in its 
second year, GEP has contributed more than the planned 10% cost savings and 
made significant improvements to the client's procurement operations through an 
integrated consulting, managed services and technology solution. By 
digitalizing the client's entire procurement operations with GEP SMART, the 
industry's leading cloud-native, source-to-pay platform, GEP established 
real-time, data-driven dashboards (control towers) to deliver and track 

"This award is an important acknowledgement of GEP's ability to integrate 
consulting, managed services and technology to significantly improve the 
financial performance of global companies on a sustainable basis throughout 
Asia," said Michael Seitz, vice president, GEP Consulting, China. "We're even 
more excited about the third year of this program, as we apply demand 
management, total cost of ownership management and strategic supplier 
partnerships to drive additional cost reduction, user satisfaction and 
compliance for our client." 

GEP is the only firm globally that provides end-to-end procurement and supply 
chain strategy, managed services and technology solutions under one umbrella. 
That makes us the one-handshake solution for most of our clients' requirements. 
GEP manages approximately $200 billion in spend across 300+ direct and indirect 
categories for our clients worldwide.  

Procurement Success Awards recognizes the most outstanding corporate 
procurement teams and projects in Asia. In 2020, it attracted hundreds of 
submissions from 13 countries from across the region. This award comes on the 
heels of GEP being named a finalist in Best Procurement Consultancy at the 14th 
annual World Procurement Awards, hosted recently by Procurement Leaders in 
London. To learn more about why GEP won, visit

About GEP

GEP delivers transformative supply chain solutions that help global enterprises 
become more agile and resilient, operate more efficiently and effectively, gain 
competitive advantage, boost profitability and increase shareholder value.  

Fresh thinking, innovative products, unrivaled domain expertise, smart, 
passionate people -- this is how GEP SOFTWARE(TM), GEP STRATEGY(TM) and GEP 
MANAGED SERVICES(TM) together deliver supply chain solutions of unprecedented 
scale, power and effectiveness. Our customers are the world's best companies, 
including hundreds of Fortune 500 and Global 2000 industry leaders who rely on 
GEP to meet ambitious strategic, financial and operational goals. 

A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and 
digital business platforms consistently win awards and recognition from 
industry analysts, research firms and media outlets, including Gartner, 
Forrester, IDC and Spend Matters. GEP is also regularly ranked a top supply 
chain consulting and strategy firm, and a leading managed services provider by 
ALM, Everest Group, NelsonHall, IDC, ISG and HFS Research, among others.

Headquartered in Clark, New Jersey, GEP has offices and operations centers 
across Europe, Asia, Africa and the Americas. To learn more, visit 

Media Contact
Derek Creevey
Director, Media & Public Relations
Phone: +1 732-382-6565