Siemens Healthineers, one of the world’s leading medical technology companies, recently selected GEP SOFTWARE following a competitive review, according to a press release by GEP, a leading provider of procurement software and procurement services to Fortune 500 and Global 2000 enterprises.
Siemens Healthineers serves as the medical devices arm of global tech company Siemens, pioneering the next generation of healthcare technology research and solutions. Healthineers employs more than 69,500 people worldwide and generated revenues of around $23.6 billion in 2022. The company provides valuable partnerships and consulting services alongside solutions including medical imaging, laboratory diagnostics, point-of-care testing, and healthcare IT. Its services have been highly recognized across the healthcare industry, recently garnering recognition in the Best Customer Satisfaction and Best System Performance categories for CT, MR, and SPECT in the 2022 IMV ServiceTrak Imaging Awards.
GEP SOFTWARE consists of GEP SMART, which was recently named the world’s best procurement software for the second year in a row at the World Procurement Awards in London, and GEP NEXXE, a next-generation cloud-native supply chain platform. GEP’s offerings enable Fortune 500 and Global 2000 clients to drive optimum agility, visibility, efficiency, and actionable intelligence into all purchasing, procurement, and supply chain functions while eliminating unnecessary infrastructure and support costs to maximize ROI.
GEP SOFTWARE has been widely recognized as a best-in-class leader in procurement and supply chain solutions by research firms and industry analysts across the globe. Most recently, GEP has been named a leader in procurement applications in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Procurement Applications 2023 Vendor Assessment for the third time in a row; as well as receiving recognition from Gartner as a Leader in its 2022 Magic Quadrant for Procure-to-Pay Suites for the fourth consecutive year. Its software and services are utilized by more than 550 global enterprises including Bayer, Maersk Line, Honda, and DuPont.
The selected software will be utilized by Siemens’ Washington state, U.S.-headquartered Ultrasound division to transform its indirect material source-to-pay process, with the scope of use including sourcing, supplier and inventory management, spend analytics, and accounts payable for all indirect procurement in the U.S.