Lenovo Selects GEP SMART to Help Transform Procurement
GEP® has announced today, after a thorough vetting process, leading global technology company Lenovo has selected GEP SMART™, GEP’s AI-Driven sourcing, project and supplier management solutions for direct spend.
GEP is the world’s leading provider of procurement and supply chain strategy, software and managed services. Their industry’s leading premier procurement software platform will enable Lenovo to transform its global direct sourcing, supporting suppliers and complex global sourcing needs. GEP’s cloud-based software and user-friendly design allow for quick and easy integration with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software.
Smart Procurement with GEP SMART
Headquartered in Hong Kong, Lenovo is a US$60 billion revenue global company operating and serving customers in 180 markets around the world. As Lenovo continues to experience strong growth and drive innovation, GEP SMART sourcing and project management capabilities will help support Lenovo’s direct spend management and extract value across its global supply chain with comprehensive supplier performance evaluation, information management and risk management.
Built on a data-centric foundation, GEP SMART is a source-to-pay platform, with AI at its core that enables Fortune 500 and Global 2000 companies to optimise efficiency, gain agility and visibility with actionable intelligence to better inform procurement decisions and purchasing functions,
Cloud-based software eliminates the need for burdensome infrastructure and support costs, helping to achieve maximum ROI.
GEP SOFTWARE, Levelling Up Procurement
GEP SOFTWARE, a part of GEP, provides award-winning digital procurement and supply chain platforms that assist global enterprises in unearthing competitive advantage by becoming more agile, resilient, and profitable.
Flexible workflows and easy to use interfaces provide users intuitive digital workspaces that make for strong adoption rates and deliver meaningful productivity gains.
A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, and IDC.
JAGGAER: Advancing Procurement Technology in Healthcare
JAGGAER has revealed the latest technological advancements in its cutting-edge, ground-breaking system at this years Arab Health, hosted by Informa Markets, as the industry-leading all-in-one procurement platform provider continues to provide support for the global healthcare industry as it struggles to recover from a year and a half tainted by the novel Coronavirus, and the ongoing pressure that it is putting on hospitals and pharmaceuticals.
With new technology and innovation taking centre stage this year’s edition of Arab Health, JAGGAER announced the launch of its new ‘Digital Mind’ strategy. The strategy features a core set of advanced strategies, including embedded intelligence, predictive data analytics, and real-time user guidance that can all be used to support healthcare procurement teams with the necessary and oftentimes difficult strategic decision-making involved in the acquisition process. It’s set to better efficiency across the sector, reduce risk, and better customer service capabilities.
The Exponential Growth of IoMT
This development comes at a time when the Internet of Things (IoT) has started to infiltrate all industries in an elaborate way. In a report published by Deloitte, it has been suggested that the global market for the Internet of Medical Things (IoMT) is projected to exceed US$158bn by 2022, with the IoMT market specifically in the MENA region, expected to hit US$9bn.
Hany Mosbeh, Vice President of Sales Middle East & Africa, JAGGAER, said: ‘The healthcare sector is increasingly adopting disruptive technologies into the IoMT ecosystem including artificial intelligence (AI), augmented and virtual reality (AR/VR), and robotic process automation (RPA). From a procurement perspective, these technologies are also being utilised in our systems, having far-reaching benefits for the healthcare industry.’
JAGGAER’s Digital Mind
The new Digital Mind strategy incorporates JAGGAER Adopt, Assist and Advise. The latter of which enables users to be more proactive in recognising potential areas of improvement and mitigating challenging situations such as supplier risk. By leveraging a combination of advanced predictive analytics, machine learning, and customer-specific business rules, JAGGAER Advise empowers procurement professionals to identify steps that could improve performance or results and take corrective action on behalf of users.
The software also provides its users with data-driven actionable insights and recommends the next steps to mitigate the risk of supply disruptions, supplier qualification, performance issues, and underperforming sourcing events.
Speaking at one of the sessions during the event, Microsoft Research’s Chief Medical Scientist, Dr Junaid Bajwa, outlined the role of data in the healthcare sector, he said: ‘Today’s story is one of automation of processes, aggregation of data, moving to intelligent analysis and AI, and then repeating that cycle. If we get this right, it has the potential to reduce costs and support clinicians by unmasking occult disease types, generalising new associations and perhaps even generating new novel hypotheses and new mechanisms.’
Right now, JAGGAER supports over 120 healthcare organisations globally. They do so by modernising and transforming their procurement capabilities through digitalisation─an action that is propelling the industry forward at pace. To name just a small number of companies that JAGGAER services: Dubai Health Authority, Uniting Care, NHS England, HCA Healthcare, and Bright Horizons.
‘During Arab Health, we heard from a range of experts who highlighted the challenges directly linked to COVID-19, from developing enough vaccines to combat the infection to the flow of raw materials to make the vaccines. In an era of technological advancements in the healthcare industry that are saving lives, it is also important to utilise this technology from a business perspective so that we can identify future risk and improve performance’, Mosbeh added.