Procurement Magazine July 2024 | Page 102

SANTOSH NAIR TITLE : CHIEF PRODUCT MANAGER COMPANY : GEP
SHANNON KIRK
GEP SHAPING CMS Santosh spoke on a number of GEP clients which has been helped through its CMS .
PROCUREMENT TECHNOLOGY
SANTOSH NAIR TITLE : CHIEF PRODUCT MANAGER COMPANY : GEP
INDUSTRY : BUSINESS CONSULTING AND SERVICES
LOCATION : TEXAS , US
Chief Product Officer with 20 years of digital transformation expertise , specialising in procurement and supply chain solutions . Led engagements for Fortune 500 companies , focusing on digital strategy , agile delivery , AI integration , and revenue growth . MBA from Wharton , adept in enterprise architecture , agile processes , and operational excellence across multiple industries .
SHANNON KIRK
TITLE : GLOBAL DIRECTOR OF LEGAL INDUSTRY SOLUTIONS
COMPANY : ICERTIS
INDUSTRY : SOFTWARE DEVELOPMENT
LOCATION : WASHINGTON , US
Experienced global business professional skilled in contract negotiation , administration , compliance , and strategy execution . Known for problem-solving , process simplification , and team leadership . Specialties include strategy execution , project management , negotiations , compliance , and risk management .
GEP SHAPING CMS Santosh spoke on a number of GEP clients which has been helped through its CMS .
“ One of our clients , a leading global CPG company , increased its commercial performance and contribution to its firm ’ s bottom line by a whopping 14 % in the first year after adopting a best-in-class CMS program . Top-quartile procurement functions consistently excel over their peers on all key measures of savings , compliance , innovation and risk management ”.
We recently helped a global energy company improve its process of negotiating contracts across 50 + countries , gaining benefits worth US $ 250M over two years . These were mainly driven by three key factors – the speed of contract negotiation ( almost half of the redlining and negotiations were automated ); the terms that are secured ( benchmarking and other tools allowed for much better commercial terms ); and compliance with agreed terms ( advanced capabilities to measure daily operational performance against set terms and manage exceptions effectively ).