Strategies to Effectively Manage Your Categories

Mature organizations spend countless hours strategically sourcing multiple categories. Unfortunately, these same organizations miss one crucial step.

They spend no time developing a strategy to manage the categories you’ve fought tooth and nail to source. That, from our perspective, is a miss.

Procurement Category Management Software

Analyze major sourcing categories at an in-depth level to monitor compliance and pricing accuracy with category management software through SpendHQ.

Empower your procurement professionals with instant access to the information they need to uncover maverick spend by strategic category.

Category Management

Analyze orders, audit pricing, and track savings at the item level without getting a migraine.  Just like our Spend Visibility tool, everything is just point-and-click with easy-to-understand dashboard views to help you navigate the information you want.

Category Management Software to Help Procurement Track Savings.

Now that you have high-level visibility across your organization on everything that you spend, who you spend it with and where your money is going, the SpendHQ Category Management module enables you to drill in to determine per-item trending analysis, pricing accuracy and realized savings.

This comprehensive review pulls your category spend from the SpendHQ Spend Visibility module and renders it in an interactive dashboard that enables you to slice and dice your data by a number of category-specific dimensions, compare item spend across the category, and easily identify maverick spend.

Having been developed entirely by practitioners, the tool is exceedingly procurement and sourcing savvy in what it does, how it slices and dices the data, and serves up reports and dashboards … We think anyone at the business unit level should take a look at the tool. It’s a quick path to identifying savings opportunities.

—Spend Matters

It’s All in the Category Details

Easily review spend by item number and sub-category to gain a clearer understanding of your spend within a given category. Gain clarity into buyer responsibilities and habits by analyzing purchasing by individual buyers within a category.

Review your category spend distribution by location to gain a clear picture of how your various offices are purchasing within that category. Easily identify which locations make up 20%, 40%, 60%, and 80% of your category spend. With SpendHQ Category Management, you can view spend trends at a high-level or with fine detail.

Category Management Software: Details

Actionable Order Analytics

Analyze your orders by category with sophisticated, interactive renderings of your average order size over time. Also gain clarity into your order history by layering in buyer and location information. Easily identify which buyers purchase the most within a category over a given time frame.

Click through interactive graphs that depict your average order size within a category. View a month-by-month comparison of purchases made within a category by order size. Click a buyer name to drill into further detail, including purchases made by item code.

Category Management Software: Analytics

Pricing and Savings Reporting

Instantly recognize the number of times your procurement team paid too much for a given item number, based on your preferred vendor settings from the SpendHQ Spend Visibility module. Easily identify non-compliant spend trends within a given time frame from a high-level or down to line-item detail.

Easily identify savings gained from strategic sourcing initiatives and the implementation of compliance management. With one simple report, generate proof of procurement ROI.

Category Management Software: Savings

Game-Changing Small Parcel Sourcing Analytics

Everything you need to know about your small parcel shipping spend can be found within the Shipping Analytics module. From high-level overviews of spend by vendor, to detailed reports on zone spend and fuel charges, you will obtain clear, actionable visibility into one of the most complex categories to manage for procurement.

Gain a high-level overview or analyze the details of your shipment spend distribution by sender or recipient within a given time frame. Sort this data by shipper name, average cost per shipment, shipment count, or total spend.

Category Management Software: Small Parcel

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Ready to see our category management module?

Schedule a demonstration and see what SpendHQ can do for you and your organization’s spend challenges.

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