CLARK, N.J., March 18, 2021 /PRNewswire/ -- GEP, a
leading provider of procurement and supply chain strategy, software
and managed services to Fortune 500 and Global 2000 enterprises
worldwide, announced today that Party City Holdings Inc. (PCHI)
¾ a global leader in the consumer party products industry with
over 800 company-owned and franchise stores throughout North America ¾ has selected GEP SMART™,
the industry's leading procurement software platform, following a
competitive selection process.
GEP SMART Spend Analysis Software will enable PCHI to structure,
cleanse and analyze all its spend to the most granular level of
visibility.
"GEP's solution will provide clear visibility into our category
spend, to help us better identify savings opportunities across the
enterprise and drive greater value to our organization," said
Deborah Sorg, Vice President
Procurement, Party City Holdings, Inc.
GEP SMART is a unified,
cloud-native source-to-pay platform, built on a data-centric
foundation with AI at its core and user-first design. GEP SMART enables Fortune 500 and Global 2000
clients to drive optimum efficiency, agility, visibility and
actionable intelligence into all procurement and purchasing
functions, while eliminating burdensome infrastructure and support
costs to achieve maximum ROI.
About Party City Holdings Inc.
Party City Holdings Inc., a wholly owned subsidiary of Party
City Holdco Inc. (PCHI) [NYSE:PRTY], is a global leader in the
consumer party products industry. A vertically integrated designer,
manufacturer, and distributor of consumer party goods, our products
are found globally in over 100 countries. PCHI operates multiple
business divisions, including Party City Retail Group and Amscan,
the consumer product group. Under the Party City banner, the
company is the leading party goods and Halloween specialty retailer
in North America by revenue,
operating more than 800 company-owned stores, including franchise
stores, and an additional number of "Halloween City" seasonal
pop-up locations throughout North
America. Party City also sells direct to consumers through
its e-commerce website, PartyCity.com.
The unique ability to operate in a vertically integrated manner
with controlled distribution channels is a key factor in unleashing
value as approximately 80% of the retail assortment is sourced or
manufactured through the consumer product group segment. PCHI's
category-defining retail concept, multi-channel reach, broad and
deep product offering, and low-cost global sourcing model are, we
believe, significant competitive advantages which position the
Company for continued organic and acquisitive growth, as well as
margin expansion within a growing $8
billion industry. Through its affiliates, the company boasts
global manufacturing and distribution capabilities throughout the
world.
About GEP SOFTWARE
GEP SOFTWARE™ provides award-winning digital procurement and
supply chain platforms that help global enterprises become more
agile, resilient, competitive and profitable. With beautifully
rendered interfaces and flexible workflows, GEP® provides
users fresh, intuitive digital workspaces that yield extraordinary
levels of user adoption and meaningful gains in team and personal
productivity.
GEP products capitalize on machine learning and cognitive
computing, advanced data and semantic technologies, IoT, mobile and
cloud technologies, and are designed to incorporate continual
innovations in technology.
GEP's software integrates quickly and easily with third-party
and legacy systems, such as SAP, Oracle and all other major ERP and
F&A software. And with superb support and service, GEP is an
industry leader in customer satisfaction and loyalty.
GEP's cloud-native software and digital business platforms
consistently win awards and recognition from industry analysts,
research firms and media outlets, including Forrester, IDC,
Procurement Leaders, and Spend Matters.
GEP SOFTWARE is part of Clark,
NJ-based GEP — the world's leading provider of procurement
and supply chain strategy, software and managed services. To learn
more, visit www.gepsoftware.com
Media Contact
Derek Creevey
Director, Media & Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com