GEP (Company)

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GEP
Private
IndustryBusiness consulting, Business software, Business services
Founded1999; 21 years ago.[1]
Headquarters
Clark, New Jersey
,
U.S.
Area served
Worldwide
Key people
Subhash Makhija, Roopa Gandhi, Jagadish Turimella, Neha Shah[1]
ProductsGEP SMART (procurement software), GEP NEXXE
Number of employees
5,000+ (December 2019)[2]
Websitewww.gep.com

GEP is an enterprise software and consulting company, providing procurement and supply chain management software, and management consulting services.[3][4] GEP’s clients include Fortune 500 and Global 2000[5] companies such as Kellogg’s[6], Chevron[7], ExxonMobil[8], and Prudential[9]. The company’s SaaS is developed on Microsoft Azure[4][10]. GEP is headquartered in Clark, New Jersey, and has regional offices throughout the Americas, Europe, and Asia-Pacific[11]

History

GEP was founded in 1999 by Subhash Makhija, Roopa Gandhi, Jagadish Turimella, and Neha Shah.[1] Since the early 2010s, the company publishes annual detailed reports on macroeconomic trends and technological developments in procurement and supply chain management.[12] GEP was included in Gartner's Magic Quadrant for Procure-to-Pay Suites List as one of the leaders since 2013.[13] In 2020, they were one of the 14 top procurement companies reviewed by Gartner.[14] In 2020, the company saw a 300% more usage in its software due to COVID-19’s impact on the supply chain of many companies.[15] GEP execs have provided the press insights and predictions related to COVID-19.[16][17][18][19] In July 2020, GEP introduced its next-gen accounts payable (AP) automation platform for a cloud-native solution that uses AI and ML.[20] GEP's procurement methods and software have been covered in numerous books and college textbooks.[21][22][23]

Industries and markets

GEP services a variety of industries such as consumer packaged goods, travel and hospitality, pharmaceutical, chemicals, renewable energy, utilities, oil and gas, government, industrial manufacturing, insurance and more.[10][24][25] Among GEP's corporate clients are Walmart[16], Kellogg’s, Honda, Chevron,[7] ExxonMobil,[8] John Deere,[26] Prudential,[9] Macy's,[27], Starwood Hotels & Resorts,[28] and Dentsply Sirona.[29]

Products

GEP SMART was launched in 2013 and is a cloud-based procurement management software built on the Microsoft Azure platform.[30][31] It has been named a Top 10 procurement management software by several industry sources.[32][29][33] GEP NEXXE is a supply chain management software.[15][34]

References

  1. ↑ 1.0 1.1 1.2 "Procurement Influencer Series: Subhash Makhija of GEP on the Industry's Future". cporising.com. Retrieved 16 April 2020.
  2. ↑ "WNJW Present: "My Accidental Stint with Entrepreneurship and Finding My Authentic Self in the Process!"". Wharton Club of New Jersey. Wharton Alumni University of Pennsylvania. Retrieved 10 September 2020.
  3. ↑ "Brunei Shell Petroleum to use GEP procurement software". thepaypers.com. 8 January 2020. Retrieved 16 April 2020.
  4. ↑ 4.0 4.1 "GEP uses Azure and SQL Database to expand global reach". azure.microsoft.com. 12 October 2016. Retrieved 16 April 2020.
  5. ↑ "Forbes Councils: Ramachander Raja". Forbes.com. Forbes. Retrieved September 9, 2020.
  6. ↑ "GEP: Differentiating Itself with a Broad (&Strong) Portfolio (1)". Ardent Partners. Ardent Partners. Retrieved September 9, 2020.
  7. ↑ 7.0 7.1 James Henderson,"Chevron Group taps GEP to drive procurement transformation initiative". supplychaindigital.com. 4 January 2018. Retrieved 16 April 2020.
  8. ↑ 8.0 8.1 "New SMART procurement platform". exxonmobil.com. 29 November 2018. Retrieved 16 April 2020.
  9. ↑ 9.0 9.1 "GEP signs procurement services and software agreement with Prudential". institutionalassetmanager.co.uk. 10 January 2017. Retrieved 16 April 2020.
  10. ↑ 10.0 10.1 "GEP Gets SMART with Its Solution Suite (Part 2)". ardentpartners.com. Retrieved 16 April 2020.
  11. ↑ "GEP: Vendor Snapshot (Part 1) — Company Background". spendmatters.com. 26 August 2019. Retrieved 16 April 2020.
  12. ↑ J.P Morris,"2020 GEP Outlook report: 'In this increasingly tumultuous world, more will be asked from procurement'". spendmatters.com. 5 February 2020. Retrieved 16 April 2020.
  13. ↑ Jeff Meredith, "Demystifying The 2018 Gartner Magic Quadrant For Procure-To-Pay Suites - Procurement News". procurious.com. 17 July 2018. Retrieved 16 April 2020.
  14. ↑ "Magic Quadrant for Procure-to-Pay Suites". gartner.com. 31 July 2019. Retrieved 16 April 2020.
  15. ↑ 15.0 15.1 J.P. Morris (12 May 2020). "SIG Summit keynote by GEP: The coronavirus crisis 'has forced everyone's hand' to adopt technology". spendmatters.com. Spend Matters. Retrieved 9 September 2020.
  16. ↑ 16.0 16.1 Ana Swanson (12 May 2020). "Global Trade Sputters, Leaving Too Much Here, Too Little There". The New York Times. The New York Times. Retrieved 9 September 2020.
  17. ↑ Jeremy Kahn (2 April 2020). "GHospitals are running low on the most critical supply of all: Oxygen". Fortune. Fortune. Retrieved 9 September 2020.
  18. ↑ Riley Griffin, Lauren Etter (15 April 2020). "Code Words, Chaos, Sky-High Prices in China's Mask Market". Bloomberg. Bloomberg News. Retrieved 9 September 2020.
  19. ↑ "Covid-19's blow to world trade is a heavy one". The Economist. The Economist. 14 May 2020. Retrieved 9 September 2020.
  20. ↑ Galea-Pace, Sean (25 July 2020). "GEP confirms launch of AI-driven AP Automation Platform". SupplyChainDigital.com. Supply Chain. Retrieved 8 January 2020.
  21. ↑ Nicoletti, Bernardo (March 24, 2020). Procurement 4.0 and the Fourth Industrial Revolution. Cham, Switzerland: Springer International Publishing. p. 164. ISBN 9783030359799.{{cite book}}: CS1 maint: url-status (link)
  22. ↑ Schoenherr, Tobias (August 6, 2018). The Evolution of Electronic Procurement: Transforming Business as Usual. Cham, Switzerland: Springer International Publishing. p. 124. ISBN 9783319939858.{{cite book}}: CS1 maint: url-status (link)
  23. ↑ O'Brien, Jonathan (March 3, 2019). Category Management in Purchasing: A Strategic Approach to Maximize Business Profitability. London: Kogan Page. p. 429. ISBN 9780749482626.{{cite book}}: CS1 maint: url-status (link)
  24. ↑ "Category Management". cips.org. Retrieved 16 April 2020.
  25. ↑ "Unifed Source to Pay built natively on Azure GEP (NB Ventures)". azuremarketplace.microsoft.com. Retrieved 16 April 2020.
  26. ↑ "GEP Among Cloud Top 500". Apps Run the World. 2020. Retrieved 14 September 2020.
  27. ↑ Deena M. Amato-McCoy,"New platform helps Macy's hit spending targets". chainstoreage.com. 17 January 2018. Retrieved 16 April 2020.
  28. ↑ "Starwood Hotels selects GEP software to automate procurement processes". hotelmanagement-network.com. 29 April 2013. Retrieved 16 April 2020.
  29. ↑ 29.0 29.1 Albert Pang, Misho Markovski, and Marija Ristik (6 December 2019). "Top 10 Procurement Software Vendors, Market Size and Market Forecast 2018-2023". Apps Run the World. Retrieved 9 September 2020.{{cite news}}: CS1 maint: multiple names: authors list (link)
  30. ↑ "Products: Smart by GEP Procure-To-Pay Software". Gartner.com. Gartner. Retrieved September 9, 2020.
  31. ↑ "Smart by GEP Review - Unified Procurement Software Platform". Clockshark.com. Clockshark. Retrieved 16 April 2020.
  32. ↑ Jack Grimshaw (7 May 2020). "Top 10 Procurement Software Vendors: GEP SMART". SupplyChain.com. Supply Chain. Retrieved 9 September 2020.
  33. ↑ "Retail Sourcing & Procurement Solution Market is Likely to Experience a Tremendous Growth in Near Future Key Players like Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Oracle Corporation, Proactis, and SAP SE". The Courier. 2 December 2020. Retrieved 8 January 2020.
  34. ↑ STS News Desk (4 August 2020). "GEP Recognized As Key Solution Provider By Ardent Partners In Forward-Looking Assessment". SalesTechStar.com. Sales Tech Star. Retrieved 4 August 2020.

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