Category Monitors

Strengthen Category Monitoring to Optimize Operations and Eliminate Inefficient Spending Across Your Supply Chain!

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How your business benefits

Gain Actionable Insights from Category Performance

  • Set category-wise benchmarks and monitor them continuously with real-time insights.
  • Determine the value of each category stock to your business using actionable data.
  • Eliminate redundancies and take tighter control over category data to optimize operations.

Maximize operational efficiency with data insights

  • Focus your procurement teams on critical category spends, driven by data insights.
  • Free up employees’ bandwidth to focus on more revenue-generating tasks.
  • Reduce employee turnover while ensuring compliance and improving overall efficiency.

Leverage data-based insights for better supplier negotiations

  • Conduct more informed negotiations by leveraging category-wise “hard metrics.”
  • Utilize detailed cost breakdowns as powerful negotiation tools.
  • Extend contract durations based on insights to negotiate lower supplier costs.

Implement granular category monitoring for high impact

  • Break down procurement categories into more manageable and distinct units.
  • Implement cost-containment measures at a granular level for maximum impact.
  • Constantly evaluate categories using predefined KPIs to ensure compliance.

Halt uncontrolled and unpredictable category spends

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

Enhance demand forecasting accuracy with data insights

  • Build more accurate forecasting models using 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 We Helped a Leading Wine and Spirits Retailer with Category Management Strategies

Challenge: The client faced significant challenges in adapting to digitalization and inefficiencies in their category management strategies.

Solution: SpendEdge conducted a detailed quantitative analysis, defined category roles, refined management strategies, assessed implementation costs, and established a review process for ongoing alignment.

Result: The engagement enhanced the client’s supply chain management, improved procurement resource organization, enabled better market analysis, and optimized their category management strategies.

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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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FAQs

Category managers facing the persistent disruption of global supply chains caused by geopolitical events, the pandemic, the energy crisis, and supply shortages must urgently engage in proactive risk monitoring. This includes oversight of supply sources, suppliers, raw materials, and other factors pertinent to the most affected and critical categories.

Our Category Monitors are designed in a way to provide timely alerts to category managers and procurement leaders on potential risks such as regulatory changes, sanctions, supply shortages, bankruptcy of key suppliers etc., We make use of a right blend of automation and analyst led insights development to create meaningful alerts to the users and support their timely decision making.

SpendEdge brings over 2 decades of experience in helping global procurement organizations conduct strategic assessment of spend across critical categories through tested and proven frameworks. We have the best tech capabilities to automate risk alerts, hence avoiding potential delays and help clients reduce impact of supply chain disruptions.
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