Spot Buys

Spot buys are often difficult to classify and manage effectively. Since they are not under contract they cannot be easily processed through existing catalogs or order methods, and they are usually too small to benefit from the full strategic sourcing process. Purchases that fall under the “spot buy” categorization are frequently left to sourcing professionals who don’t have time to adequately address the spend, or to transaction processing who doesn’t have the skills to employ procurement best practices. Because of this position of limbo, significant savings can usually be achieved by implementing a coordinated and centralized spot buy process.

GEP spot buy team consists of specialized experts who are familiar with a particular market and/or geography and can engage the right suppliers based on their experience and using our database of over 35 million suppliers. Additionally, the spot buy experts will introduce aspects of strategic sourcing such as competitive bidding and negotiations to help generate significant savings to this previously under managed spend.