U.S. Steel is using artificial intelligence-powered GEP Software to overhaul its source-to-contract process for direct and indirect procurement, according to a Dec. 17 press release.
The Pittsburgh-based steel producer’s previous software relied on manual processes and discrete systems, a GEP spokesperson told Supply Chain Dive. In turn, standardization and the ability to scale according to demand was limited.
With the GEP digital procurement and supply chain platform, U.S. Steel aims to integrate external intelligence into its buying processes — especially for direct materials and commodities — to boost operational efficiency and visibility. The spokesperson further noted that the software will also enable cost modeling to help with strategic decision making.
“GEP procurement software will enable U.S. Steel to more effectively analyze their spend, conduct cost modeling and forecasting, manage their sourcing pipeline of projects, track savings, and launch associated RFx/Auctions to capture the identified savings,” the spokesperson said.
Through automated reporting and data collection, the software will also enable the steel producer to measure and track supplier risk and performance in a bid to reduce risks, the spokesperson added.
Deployment is slated for this year, according to the spokesperson, with GEP Sourcing — a module of GEP Software — being the first to go live.
