November 5, 2024, Clark, N.J. – Indorama Ventures Public Company Limited, a multinational corporation specializing in chemical manufacturing, has decided to implement GEP’s procurement solution to automate its global purchasing activities. The Bangkok-based company, which has established itself as a market player in both PET and specialty chemicals, utilizes GEP SOFTWARE to support the development of Indorama’s IVL 2.0 initiative and streamline supply chain management in more than 30 territories.
Sanjay Ahuja, Indorama Ventures’ Chief Strategy and Transformation Officer, highlighted the impact, stating, “Leveraging GEP’s software aligns with our digital transformation strategy, enabling us to manage our supply chain and procurement processes more effectively. This helps us to streamline production and enhance value delivery to customers. It also strengthens our ability to manage growth and mitigate risks in an increasingly complex market environment.”
GEP SOFTWARE, which includes GEP SMART™, GEP NEXXE™, and GEP GREEN™, provides Indorama with cutting-edge artificial intelligence procurement applications such as sourcing, contract management, and spend analysis, which leads to more effective supplier management and increased productivity. Thanks to GEP’s Intelligent Category Management (ICM) and real-time intelligence, Indorama can find and implement solutions that cut costs while simultaneously reducing risks in its global operations.
This collaboration constitutes a significant milestone in the timeline of Indorama Ventures’ elevation towards Procurement 4.0 and advances its competitive edge through technology-enabled procurement and supply chain solutions.
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