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03.06.2024

QKS Insight

GEP unveils AI-Powered Total Orchestration Solution

Author:

Akaash R

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GEP, a global leader in AI-driven procurement and supply chain solutions, has introduced their AI-powered total orchestration solution. This innovation is designed to significantly enhance enterprise efficiency and transform the user experience, particularly catering to the increasing involvement of non-procurement professionals in procurement activities.

GEP's latest offering represents a major leap forward in simplifying complex procurement processes. Renowned for its innovative source-to-pay solutions, GEP has integrated a built-in co-pilot within its Total Orchestration solution. This intelligent feature embeds across workflows, providing a guided intake process and clear visibility into subsequent steps through conversational collaboration and automated fulfilment.

Customer Benefits: Simplified and Efficient Procurement

For customers, GEP's Total Orchestration solution offers a seamless and intuitive procurement experience. The guided purchasing feature allows users to initiate requests via a simple search bar, drastically reducing the number of steps and clicks. This is particularly advantageous for non-technical users, who can effortlessly find the optimal buying channels or results.

The solution also includes an intelligent supplier recommendation system that suggests relevant and preferred suppliers based on various criteria such as category, sustainability, risk, diversity, prior participation, and price. This helps users make more informed and strategic purchasing decisions, ensuring they get the best value for their needs.

Dynamic reporting capabilities allows users to analyse data and create high-level dashboards from any source using natural-language queries. This democratizes access to intelligence, enabling more dynamic and user-friendly reporting. Furthermore, automated contract management features enhance efficiency by allowing users to manage contractual obligations and sub-activities seamlessly, with tasks automatically marked complete based on invoice payments or supplier uploads.

Market Implications: Shaping Procurement and Supply Chain Management

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From a market perspective, GEP’s orchestration solution is set to revolutionize procurement and supply chain management. By synchronizing processes across the entire source-to-pay (S2P) workflow, the solution enhances overall efficiency, transparency, and collaboration within enterprises. It empowers users by understanding their intent and guiding them through the correct processes, ensuring the most efficient paths are taken throughout the entire S2P process.

Central to the orchestration solution is GEP QUANTUM, an AI-first, low-code application development platform designed for agile and dynamic enterprises. GEP QUANTUM powers GEP’s leading procurement and supply chain solutions, GEP SMART and GEP NEXXE. By combining AI, data, human expertise, and application development, GEP QUANTUM facilitates the creation of advanced, intuitive, and effective procurement solutions.

In conclusion, By leveraging cutting-edge AI and low-code technologies, this solution simplifies procurement tasks, democratizes intelligence, and enhances overall efficiency and collaboration.

Author: Akaash R, Analyst at Quadrant Knowledge Solutions