#United States #procurement #Clark, NJ #GEP SOFTWARE #Ports America

Ports America Adopts GEP's AI-Powered Procurement Software

Ports America, a leading marine terminal operator in the United States, has made a significant leap towards digitizing its procurement processes by selecting GEP's AI-based procurement software. This strategic move aims to transform the company’s spend management practices and enhance operational efficiency across its wide-ranging marine terminal operations.

Addressing Procurement Challenges

Operating in more than 70 locations and across 33 ports, Ports America handles approximately 19 million TEUs each year. A challenge faced by the company was the limited visibility into enterprise spending due to fragmented procurement data scattered across various sources. Prior to implementing GEP's solutions, procurement data was often isolated among non-PO invoices, P-Card transactions, and travel and expense management systems. This fragmentation not only hampered effective spend management but also blurred the lines of potential savings and sourcing opportunities.

The deployment of GEP’s AI-driven software is set to establish a robust spend analysis framework for Ports America. By integrating disparate data sources, the new system will provide a comprehensive view of spending across all categories, enabling key decision-makers within procurement and operations to leverage this information for better strategies.

Key Advantages of GEP Software

1. Improved Spend Visibility

With the use of GEP's software, Ports America will gain comprehensive visibility into spending patterns, allowing them to identify and quantify savings opportunities across their total spend.

2. Enhanced Control and Transparency

The platform will foster greater transparency and control in managing a complex, nationwide operational environment. Having access to single, reliable data sources will enable better oversight that can lead to optimized purchasing strategies.

3. Strategic Sourcing and Negotiation

The AI-powered insights will equip procurement leaders with the necessary data to conduct more informed strategic sourcing and negotiations with suppliers. This capability will directly affect cost management and long-term supplier relationships.

4. Pricing Consistency

The software will help uncover pricing inconsistencies that have historically been overlooked due to data silos. This allows for more accurate forecasting and budgeting moving forward.

5. Actionable Insights for Decision Making

Ports America’s site and production leaders will also benefit from actionable insights generated by GEP’s AI, supporting them in making better business decisions that align with overall corporate goals.

GEP's Comprehensive Software Suite

GEP’s offerings extend beyond procurement solutions. The suite includes GEP SMART™, highly regarded as one of the leading procurement software products in the market. Moreover, the GEP NEXXE™ platform integrates supply chain functionalities with next-generation cloud capabilities, facilitating unified collaboration across various departments. Additionally, GEP GREEN™ focuses on advancing sustainability metrics, ensuring that environmental considerations factor into procurement strategy.

GEP's software is also powered by GEP Qi, an innovative Agentic AI-native platform designed to bring efficiency and visibility to all procurement and supply chain functions. By simplifying the technology infrastructure, GEP enhances the return on investment for its clients.

Conclusion

With this landmark decision, Ports America is poised to redefine its procurement operations through GEP’s cutting-edge AI technology. By adopting these advanced software solutions, the company stands to enhance its operational efficiency, cultivate better supplier relationships, and ultimately realize significant cost savings. As procurement transforms from traditional methods to data-driven strategies, GEP’s AI solutions will play a pivotal role in helping Ports America navigate this new landscape. To learn more about GEP and their extensive offerings, visit their website at GEP Software.