Category Monitors

Deepen long-term win-win relationships with various supply chain constituents to identify and eliminate instances of money spent to no purpose!

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How your business benefits

Get views of category performance from multiple angles

  • Set category-wise benchmarks and monitor on a continuous basis
  • Determine the value of each category stock to the business
  • Eliminate redundancies, take tighter control over category data

Maximize operational efficiency with insights

  • Focus your procurement teams on critical category spends
  • Free up employees’ bandwidth to attend to more revenue-generating tasks
  • Reduce employee turnover while improving overall efficiency

Leverage data-based insights to negotiate better supplier terms

  • Hold more informed negotiations leveraging category-wise “hard metrics”
  • Make use of detailed cost breakdowns as a negotiation chip
  • Extend contract duration based on insights to negotiate lower supplier costs

Set category monitoring to a granular level

  • Break down procurement categories into more manageable and distinct units
  • Implement cost-containment measures at a granular level for high impact
  • Evaluate such categories constantly using predefined KPIs as the basis

Halt uncontrolled and unpredictable category spends

  • Consolidate category spend data to reduce incidence of decentralized purchasing
  • Adopt common specifications and processes for procurement across the system
  • Build stronger purchase control guardrails to curb “rogue” spends

Drive demand forecasting accuracy for your categories

  • Build more accurate forecasting models with detailed category data
  • Generate a range of forecasts for various data values and probabilities
  • Reforecast frequently to accommodate major changes in category demand assumptions

Why choose SpendEdge?

Featured Case Study

How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process

Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.

Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.

Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.

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Why category monitors must go beyond just helping to “conquer costs”

To make real sense for CPOs, category monitoring approaches must help them gauge what value each category holds for their business. Our category monitors not just flag unproductive spend, but also enable procurement teams to generate revenue.

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