GEP®, a leading provider of AI-driven procurement and supply chain software and services to Fortune 500 and Global 2000 enterprises worldwide, announced that Topsoe, a forerunner of technologies and solutions to combat climate change, selected, implemented and is using GEP SOFTWARE™, the industry’s leading procurement and supply chain platform.
Headquartered in Denmark and founded in 1940, Topsoe is a leading global provider of technologies and solutions to produce e-fuels, renewable fuels, and low-carbon fuels and chemicals. With more than USD1,372 million in revenue and 2,800 employees, Topsoe enables its customers to transform renewable energy, biological and other feedstocks into fuels and chemicals for a sustainable world, and for efficient and low-carbon fuel production and clean air.
Topsoe is using GEP SOFTWARE to help transform its entire procurement process, encompassing sourcing and contract management, spend analytics, and supplier management. GEP’s Intelligent Category Management (ICM) is enabling Topsoe’s category managers to apply should-cost modeling, cost breakdowns and “what if” scenario modeling to identify cost-saving opportunities.
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GEP’s AI-driven software platform provides a full range of low-code solutions to realize Topsoe’s vision by:
- Increasing visibility into the entire S2C procurement process, providing better insights to uncover and drive new value
- Leveraging strategic sourcing tools to identify cost-saving opportunities, negotiate effectively, and build strong supplier relationships
- Mitigating risk by enabling comprehensive supplier performance evaluation
- Strengthening its procurement operation by automating routine tasks and improving overall efficiency across procurement operations
“We’re very proud that Topsoe, with its decades of scientific research and innovation into decarbonization and emission reduction, are using our AI-driven procurement software platform to deliver new value for their stakeholders,” explained J.P. Lauer, vice president, Global Delivery, GEP.
SOURCE: PRNewswire