Redesigning the Procurement Organisation GEP worked with senior stakeholders at YBS to enable cross-functional collaboration and bring source-to-contract ( S2C ), SRM , contract management , procure-to-pay ( P2P ) and technology all under the single umbrella of procurement . Aligning category experts with each business unit gave the YBS procurement organisation a better handle on its spend .
Optimising Processes for Enhanced Performance GEP collaborated with the YBS team to deliver enhanced productivity by identifying and tackling process gaps in areas including sourcing , spend management , contract management and category planning . Together , the teams also instituted 360-degree risk scans for every procurement engagement — significantly reducing business risk .
Enabling Technology-Driven Transformation
®
Implementation of the AI-driven SMART by GEP procurement platform played a pivotal role in this transformation initiative . Powered by SMART by GEP , YBS gained an agile and highly automated procurement function with streamlined procurement processes , unobstructed enterprise-wide visibility into the procurement chain and robust reporting capabilities .
Transforming Procurement , Redefining Outcomes GEP helped YBS succeed in transforming not only its procurement organisation , but the way that organisation was viewed by the rest of the business . Crucially , the procurement team achieved the trust of its business users — a trust that those users , in turn , were better empowered to gain from the firm ’ s customers .
290 %
Jump in Savings Achieved
|
400 %
Increase in Supplier Coverage
|
100 +
Users on SMART by GEP
|
200 + Suppliers Enabled on SMART by GEP |
Special Project : Business Consulting PSP – Sourcing Special Project : Digital Transformation – SRM , Sourcing
YBS GOAL : Reduce spending with Tier 1 consulting firms .
WHAT GEP DID : Identified consulting firms that could address multiple business needs in a single sourcing engagement and implemented a flexible model to enhance P2P model longevity .
WHAT YBS GAINED : More than 5 percent in savings , improved governance over usage of Tier 1 consultants , and preferential treatment as a key account for these firms .
YBS GOAL : Identify and engage suppliers of enterprise-wide , sustainable digital transformation solutions .
WHAT GEP DID : Analysed spend data using SMART by GEP to pinpoint high-priority areas for transformation and assess overall benefits .
WHAT YBS GAINED : A select group of new suppliers , onboarded by GEP , capable of delivering sustainable transformation with the added bonus of ~ 15-20 percent savings .
“ YBS and GEP have created a co-sourced supply chain team that has been at the heart of delivering real help for our members and customers . Over the last three years , we have moved from a reactive supply chain function to one with capabilities to anticipate our customers ’ requirements well in advance and collaborate with relevant suppliers to meet these requirements . Our supplier risk management capabilities have also been transformed through technology and best-in-class processes to ensure that we are protecting our customers and colleagues . The blend of YBS colleagues with a fantastic service and value for money ethos , combined with the GEP expertise and knowledge , has proven to be a winning recipe for us .”
– Paul Howley , Director of Transformation , Yorkshire Building Society