Category Monitors
Strengthen Category Monitoring to Optimize Operations and Eliminate Inefficient Spending Across Your Supply Chain!
Contact usHow 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?
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 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.
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.