Chevron Group taps GEP to drive procurement transformation initiative
Chevron will leverag...
The global energy conglomerate Chevon Group has selected GEP to help power the company’s procurement transformation initiative.
Chevron will leverage GEOP’s SMART for full, source-to-pay capabilities, including sourcing and project management, contract and supplier management and comprehensive procure-to-pay for a global rollout.
“We weighed our options carefully, and after a thorough evaluation process, we selected SMART by GEP,” said Ryder Booth, CPO at Chevron,
“We believe SMART by GEP is the right procurement platform for Chevron, aligned with our goal of improving the user experience for the procurement of goods and services across the company.”
SMART by GEP is the industry's only cloud-native source-to-pay platform, purpose-built for enterprise sourcing and procurement teams on Microsoft Azure.
“We've made a strategic commitment and substantial continuing investment in bringing the most powerful digital technologies together in a comprehensive, entirely unified, cloud-native source-to-pay platform,” said Subhash Makhija, CEO of GEP.
“SMART by GEP is already among the most successful 'consumerised' enterprise-level business applications on the market today.
“And GEP has emerged as the source-to-pay software provider of choice for Fortune 500 and Global 2000 industry leaders seeking real digital business transformation and the game-changing benefits it delivers.”
Vizibl: The Future of Supplier Relationship Management (SRM)
Even the best procurement team on the planet can only derive so much value from their suppliers by tinkering with spreadsheets or negotiating another half-percent-per-unit from a regular bulk-buy.
The value of relationships count in today’s fast-paced and disrupted business environment, where partnerships, future efficiencies and risk mitigation are just as vital a measure of an organisation’s maturing procurement organisation as overhead reduction.
A recent McKinsey survey into 100 large organisations found that the more cooperative an organisation, the more financially competitive it could become. "Companies with advanced supplier-collaboration capabilities tend to outperform their peers,” it found, but also admitted that this value is not a simple thing to access.
Visibl is a company built from the ground up with the philosophy of ‘delivering mutual value' in mind. Its digital procurement platform is designed to place collaboration at the centre of supplier relationships. Greater transparency for all stakeholders not only simplifies and quantifies contractual obligations, but also provides opportunities to discover and align on common goals and business objectives.
How does Vizibl’s platform work?
Vizibl’s supplier relationship management platform feeds off data. By leveraging data from existing enterprise applications such as ERP, P2P, risk management, or project management systems, all stakeholders can share a central source of truth. The result is greater transparency, visibility and accountability on both sides of a contract. The platform is divided into several focus areas:
- Vizibl Relationships: This system helps organisations move beyond transactional interactions with their suppliers, instead building trust and applying a governance framework that is both scalable and consistent to better support core business objectives.
- Vizibl Workspace: Operating in one virtual workspace removes friction in collaborative endeavours and aligned initiatives. Vizibl Workspace enables partners to drive goals together, whether improved cost-savings, ESG commitments, new product launches or boosting operational efficiency.
- Vizibl Reporting: Measuring results is critical in achieving business objectives, forward planning and risk management. This system helps business leaders leverage actionable data to quantify and drive initiatives, support and mange supplier performance, and understand true ROI.
Key Vizibl customers: Heineken, Vodafone, Astellas
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience”
Speaking to SupplyChainDigital.com earlier this year in June, Mark Perera, CEO and co-founder of Vizibl said: “We work with companies across multiple industries, but regardless of sector, we really see agility and resilience as overarching topic areas in the supply chain. From a resilience perspective, that’s both in terms of operational resilience, but also strategic resilience; we see organisations looking at implementing the desired levels of flexibility and the ability to change with demand, as they look towards the future of their company.”
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience,” he added. “The mindset and process change to switch to a supplier collaboration model will be a challenge for organisations that are falling behind.”