Category Updates

Make contextualized category alerts your best insurance cover against potential supply chain opacity, inequities, supplier risks and other unintended consequences.

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How your business benefits

Improve bottom-line results with contextualized intelligence

 

• Know more about hidden cost savings with contextualized category monitors

• Preempt costly risks due to supply market dynamics with timely “issue and metric alerts”

• Get advance supply chain alerts to minimize costs associated with demand/supply imbalances

 

 

Move your procurement performance to a higher trajectory

 

• Discover value-for-money suppliers using supplier intelligence and supplier alerts from multiple sources

• Receive updates when volatile commodity prices rise or fall below set threshold values

• Get better supply chain visibility through alerts on impending supply shortages due to factory shutdowns or issues with tier 2 suppliers

Simplify purchase efficiency tracking like never before

 

• Access real-time supply chain alerts to remedy supply chain vulnerabilities instantaneously

• Manage procurement costs better by capturing it at unit levels

• Leverage data to ensure lean operations and discover growth avenues

 

Turn supply chain issues into business opportunities

 

• Map out supplier risk for each category, then mitigate them

• Know your critical-to-business vendors and put backup plans in place

• Bolster brand reputation on the back of mandatory vendor sustainability scores

First measure, then boost vendor performance

 

• Develop challenging insights-linked vendor KPI scores and raise them over time

• Turn supplier performance score into a powerful negotiation lever

• Make supplier kpi scorecard the basis for incentivizing or flagging vendors

Accurately monitor price-influencing data to better your forecasts

 

• Zero-in on data-driven price points for best  return on investment (ROI)

• Get hold of the factors driving current and future prices

• Make curated category-centric data the cornerstone of your purchase planning

Why choose SpendEdge?

Featured Case Study

How SpendEdge Helped a Beverage Industry Client Develop a Strategic Demand Intelligence Report

Challenge: A leading beverage industry client struggled with collecting accurate market data and integrating it into a comprehensive report for informed decision-making.

Solution: SpendEdge’s analysts conducted in-depth research and used advanced data techniques to craft a tailored strategic demand intelligence report.

Result: This initiative provided clearer insights into customer behavior and market trends, enhancing decision-making and improving category management processes.

Read the full case study Know about SpendEdge Procurement

It’s vital you stay in the loop with your supply side. Here’s why

Even the best of supply chains can be convoluted, fractured, and under pressure most of the time. In supply matters, prevention is the cure a lot of times. And what better preventative measure than real-time warnings on supply-side issues - filtered by category? Subscribe to our category alerts and get notified about supply-side events as they unfold.

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FAQs

Category updates are crucial for streamlining purchasing processes and improving the overall performance of the organization. There are various reasons that underscore the significance of category updates which include, staying up-to-date with changes in the category landscape, gain awareness of innovations of suppliers, understand best practices followed by peers, get early alerts on risks associated with the suppliers, keep a track of inflation and changing price levels.

Our SpendEdge Central platform offers multiple ways of supporting category managers stay on top of the critical happenings with regards to their categories. The category news tracking module provides regular updates on critical news related to the category on topics such as M&As, price changes, regulatory changes, tariffs etc., Our Category Mega Trends module provides quarterly summaries of all the key events within a category and its impact on procurement. Our standard reports are also updated every 6 months to provide a refreshed view of the category strategy and help the users stay on top of the most recent updates.
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