Procurement Transformation with a CPG Client
The winner of the Innovations in Outsourcing Award is GEP for a procurement transformation project with a CPG client.
Project Description
The client, a multinational manufacturer of consumer packaged goods, sought to transform its end-to-end procurement function. As the service partner, GEP led a three-pronged approach spanning indirect sourcing, external supply chain and capital. The overall program focused on addressing key hindrances to value creation, such as multiple buying processes, lack of alignment between contract and sourcing, dearth of established processes to support indirect sourcing and supplier relationship management, among others.
Other finalists included:
- Denali - Savings initiative for a specialty beverage company
- Russell Investments - Procurement best practices project