ITA Airways selects GEP for procurement tech transformation
ITA Airways has, following a competitive review of vendors, chosen GEP’s Smart Procurement platform to transform and automate its source-to-contract process.
The airline, which is fully owned by the Italian government, will use GEP’s AI-powered platform to optimise sourcing, contract management, and supplier management to enhance value for customers and stakeholders.
As airlines continue to bear the economic fallout of the pandemic and consumers are increasingly burdened by heavy inflation, GEP’s procurement software will help ITA Airways drive efficiency, visibility, and agility in its spending to provide better value to passengers (and shareholders).
ITA was formerly known as Alitalia, the state-owned flag carrier airline of Italy. After being privatised in 2009 and following years of financial trouble, the Italian government took ownership in March 2020 due in part to the belief that the airline would fail under the stress of the unfolding Covid-19 pandemic.
The company was reorganised as ITA Airways later that year and commenced operations in October 2021. ITA currently has a fleet of 61 Airbus planes and flies to 45 destinations, including 21 in Italy. The company is part of the SkyTeam airline alliance, which includes Air France, KLM, Delta Air Lines, and Middle East Airlines.
GEP was recently named a leader in Forrester’s analysis of supplier value management (SVM) platforms. The US-based firm’s software suite was praised for its strengths in category management, specialist sourcing, spend optimisation, and digitalisation of supplier collaboration.
GEP has more than 5,000 global employees and provides consulting, software and managed services in procurement and supply chain to Fortune 500 and Global 2000 enterprises.