Category Monitors
Deepen long-term win-win relationships with various supply chain constituents to identify and eliminate instances of money spent to no purpose!
Contact usHow 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?
An expanding client base of 200+
Our client base, numbering more than 200, continues to expand with more Fortune 500s signing up for our premium research services. Our experts curate top-notch data to help CXOs make critical decisions aimed at significantly curbing financial, operational, and reputational risks. Our leading-edge platforms scour the supplier landscape for hard-to-find insights to enable businesses to preempt as well as respond to critical supply disruptions.
Pushing the limits of market intelligence
Our experts work relentlessly to push the envelope of contextual market research. The success of each client fills us with a certain sense of achievement. Behind every success story is 20 years of our demonstrable leadership in market trends research. This indelible expertise, further underpinned by our home-grown intelligent data tools, is sure to see you through the worst markets.
More ROI opportunities
Measuring returns on market research is hard, but doable. Many of our clients assess potential returns on the dollars they invest in market intelligence. Clients keep coming back to us because the evidence speaks for itself. Metrics indicate their relationship with our specialists is worth the time, money, and effort.
Everything in one place
Our platform was conceived in the first place as a one-stop for all things sourcing and procurement. So, clients looking for supply-side insights can find all of it in one place. Businesses keen on continuously improving interactions with their supplier network now source cutting-edge market intelligence from our all-under-one-roof hub.
Best-in-class competitor research
We deliver incisive analyses of competitors’ supplier networks, giving up-close views of how they are performing and their risk-taking tendencies. Our experts make sure to build in these and more insights on competitors into our intelligence reports. This is for CXOs who are keen to know what the competition is up to.
Quality as a strategic decision
Our experts deliver high-quality research outcomes, and they go the extra mile to make things happen fast while ensuring a hassle-free client experience. The research model we live by converges data from multiple sources. The idea is to spare no effort to help clients see the bigger picture of supply-side dynamics.
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.
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.
Talk to Our ExpertsInsights
Explore Our Other Services
Category Intelligence
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Supplier Intelligence
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Strategy Support
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Category Cost and Pricing
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.