Leading Drugstore Chain Drives Higher Efficiency and Savings with SMART by GEP

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(No Transcript)
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Introduction

• A leading drugstore chain wanted to migrate from
  its decentralized, manual procurement processes
  and multiple systems to a centralized, automated
  procurement solution.
• Client
• More than 50 years of experience
• 85,000 Associates
• Strong U.S. presence - more than 4,500 stores
  across 31 states.

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Objectives

• Improve
• Efficiency and productivity of the procurement
  function
• Spend visibility
• Spend management
• Savings by automating payment process
• Compliance
• Enable
• Pre-purchase approval system and capture early
  payment discounts
• Streamline
• Contract management processes

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Results

• Significant improvement in P2P process efficiency
• Major increase in spend under management
• Higher visibility and advanced reporting
• Rise in capture of early payment discounts
• Higher user adoption
• Higher compliance

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Results
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Achievements

• Implemented SMART by GEPs P2P and Contract
  Management function in under 8 months
• Achieved necessary security and scalability with
  SMART by GEPs advanced cloud based
  infrastructure
• Improved processes to manage indirect spend
• Higher integration with suppliers through portal
  connectivity

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Driving Greater Efficiency and Savings in the
Procurement Function

• Substantial increase in overall process
  efficiency delivered using
• Rule-based approval process on purchase orders
• Auto-matching of invoices
• Auto remittance advices
• SMART by GEP significantly streamlined the
  clients invoice processing operation, delivered
  greater visibility and tighter control.

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Resources

• https//www.smartbygep.com/procurement-software
• https//www.smartbygep.com/procurement-software/pr
  ocure-to-pay
• https//www.smartbygep.com/procurement-software/co
  ntract-management
• https//www.smartbygep.com/insight/case-studies/le
  ading-drugstore-chain-drives-higher-efficiency-and
  -savings-smart-by-gep