- Cements GEP SOFTWARE as the preferred solution for global enterprises, closely partnering with suppliers to create value, maximize cost savings and mitigate supply chain risk
- Cites GEP’s particular strengths including supplier collaboration, specialist sourcing and spend optimization
GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that its GEP SOFTWARE™ has been named a Leader by the highly regarded research firm Forrester in its report, The Forrester Wave™: Supplier Value Management Platforms, Q1 2022.
The world’s global supply chains will continue to face significant headwinds, including inflation and price volatility, widespread material and labor shortages, conflicts and economic sanctions, as well as cyberattacks and extreme climate events. GEP SOFTWARE — which encompasses GEP SMART™, recently named the world’s best procurement software, and GEP NEXXE™, the next-generation cloud-native unified supply chain platform — enables enterprises to foster close relationships with suppliers to build resilience, mitigate risk and drive optimum efficiency, agility, visibility and value through supply chains.
According to the Forrester report, “[GEP] has an excellent vision for supplier value management that addresses CPOs’ ESG and resilience priorities by combining GEP SMART [procurement platform] with its GEP NEXXE SCM [supply chain management] suite.… Reference customers loved the ability to support their whole enterprise in one coherent suite by configuring processes to each business unit’s needs.” The comprehensive assessment gave GEP SOFTWARE the highest score possible in the criteria of: Supplier Performance Monitoring; Category Management & Category-Specific Sourcing; Supplier Collaboration – Digitalization; Spend Optimization; Coherence; Configuration; Globalization; Product Vision; Performance (Strategy); and Commercial Model. Download a complimentary copy of the report here.
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