GEP: the global leader in unified procurement solutions
The company offers a combination of strategic...
GEP is the global leader in unified procurement and supply chain solutions for direct and indirect spend.
The company offers a combination of strategic and advisory services, pace-setting technology and managed services, with an increased focus on procurement and supply chain transformation to empower clients to achieve their goals.
GEP helps its customers achieve their strategic, operational and financial objectives. Through its unified framework of integrated sourcing, procurement, spend management and supply chain capabilities, unrivalled in its depth and scope, supporting customers and their current needs as they evolve. Over 450 of the top Global 500 and Global 2000 enterprises across over 30 industries and verticals globally count on GEP to solve their most important business challenges and achieve ambitious goals.
With procurement’s role in supply chain constantly transforming, the tactical team focused on cost reduction has been recast as a strategic entity driving enterprise-wide value. GEP adopts a holistic approach towards procurement transformation and creating a high-performance procurement organisation in the shortest time possible. Its procurement transformation engagements are fronted by seasoned procurement experts and supported by world-class infrastructure that make up sophisticated methodologies, cloud-native procurement software, a rich knowledge base of best-practice, benchmarks, analytical tools and templates, market intelligence capabilities and global reach. As a thought leader in procurement transformation, GEP has the people, skills and technology necessary to transform any organisation’s procurement team to the next level.
GEP offers a range of software. Through GEP Smart, it provides:
Unified source-to-pay platform
Digital procurement transformation
Its unified source-to-pay (S2P) procurement software brings end-to-end functionality for direct and indirect spend management into a single, cloud-native platform. Featuring an in-depth range of procurement tools built into one unified procurement system, it eliminates the necessity of separate, stand-alone software, modules or tools for managing specific functions. GEP Smart helps streamline the end-to-end procurement process, accelerate digital transformation and upskill the procurement team’s performance to a whole new level.
What are the benefits?
Better economics - Fully built on the Microsoft Azure cloud platform, it ensures world-class cybersecurity and also eliminates the need for additional IT infrastructure, integration, personnel, support or maintenance costs.
Platform agnostic - GEP SMART allows for existing investments and infrastructure to work seamlessly. It works with SAP, Oracle, JD Edwards, PeopleSoft and all other major ERP and finance and accounting systems.
User satisfaction - Intuitive, easy-to-use tools flatten the learning curve, enhance adoption and compliance across the business as well as sustain use long-term.
- Increased savings - GEP SMART sourcing and procurement management software enables realisation of significant cost savings. Typical results see an approximate 25-40% increase in savings post adoption.
Proven best practices - There is easy access to a rich, perpetually updated repository of field-tested, best-practice processes and workflows, checklists, scorecards, templates and tools for all situations.
Superior multilingual capabilities - GEP Smart has comprehensive multilingual capabilities, which are critical for globally-networked businesses and complex supply chains.
GEP - in facts
- Over US$160bn in spend annually.
- Over 10 million transactions yearly.
- Over 450 clients served worldwide.
- Over 30 industries served.
- 21 offices and delivery centres.
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EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”