Category Management

Deep, category-specific insight across 8 core categories and over 40 subcategories in a customizable dashboard view.

SpendHQ Category Management Delivers Bottom Line Insight

Today’s global situation, with unpredictable price hikes and supply shortages, has highlighted the need for dedicated category strategy in a visceral way. With the speed of a typical day-to-day, a lack of granular usage-level data, and a lack of subject matter expertise, procurement teams often struggle to put Category Management capabilities in place to generate insights and specific cost optimization actions.

With the addition of Category Management, SpendHQ is the only spend analytics solution that blends internal and external data to provide users with the tools they need to track, identify, and capture savings.

SpendHQ Category Management: True Spend Management

SpendHQ’s spend analytics solution delivers enterprise-wide spend visibility across all spend categories and enables procurement to target strategic sourcing and cost-reduction opportunities. With guided procurement analytics and custom reporting and dashboards, SpendHQ is a recognized industry leader in the market.

SpendHQ Category Management applies these same principals and techniques at the category level. SpendHQ Category Management takes recurring, time-consuming data consolidation and analysis work off the plate of your category managers to enable them to focus on what they do best.

SpendHQ Category Management: Solving Your Procurement Problems

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“I don’t trust my data”

Informed by internal procurement expertise, SpendHQ delivers category data you can trust. The SpendHQ category experts are currently supporting client dashboards in over 40 subcategories. Each dashboard contains KPIs and cost drivers unique to the category and informed by our team of subject matter experts. Inside those dashboards are additional recommendations for your category managers to take action.

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“I know I have maverick spend but I can’t find it”

Category Management enables the collection and visualization of the line-item usage data necessary to understand the spend and quickly identify the source and people responsible for any maverick spend. By using subcategory specific data, Category Management enables this level of detailed analysis.

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“I don’t have the external data I need”

Internal data alone is not sufficient for detailed category analytics. SpendHQ Category Management pulls detailed usage data from your suppliers for a holistic view.

Category Management: Expand Your Capabilities

Line Item Analytics

Procurement can manage and optimize critical spend categories to:

  • Track sourcing savings
  • Mitigate savings leakage
  • Uncover incremental savings

Category Specific Data

  • Granular detail category spend data for targeted categories
  • Typically obtained directly from preferred suppliers
  • Data refreshed monthly

Whether you need a full spend analytics platform for maximum spend visibility or a fully effective Category Management program alone, SpendHQ provides an innovative solution unmatched by current programs on the market.

The SpendHQ category dashboards provide the analysis, insights, and actions your category managers need. SpendHQ Category Management takes recurring, time-consuming data consolidation and analysis work off the plate of your category managers to enable them to focus on other strategic initiatives.

Informed by internal procurement expertise, SpendHQ delivers category data you can trust. The SpendHQ category experts currently support client dashboards in over 40 subcategories with the capability to customize more. Each dashboard contains KPIs and cost drivers unique to each category. Inside those dashboards are additional recommendations for your category managers to take action.

Additionally, the SpendHQ category experts can add customized categories in as few as 60 days with more unique insights for your team. Schedule a demo today to get started.

Category Management: Savings (and More), One Category at a Time

Companies need a better Category Management solution ─ one with category data they can trust. An effective Category Management program should:

Track Savings

  • Track sourcing savings for each category at a granular level
  • Isolate impact of unit price savings and volume increases/decreases
  • Understand savings impacts on budgets and P&L

Prevent Savings Leakage

  • Identify and recover supplier price overcharges
  • Prevent maverick spend and drive compliance with preferred suppliers
  • Minimize supplier cost increases and additional surcharges

Drive Incremental Value

  • Continually optimize and enhance supplier awards
  • Monitor and manage purchase demand and quantities
  • Identify ongoing benefits from SKU rationalization and optimization

If your Category Management program doesn’t ensure full savings capture and enable ongoing optimization, it isn’t enough.

The SpendHQ Category Management Dashboards

SpendHQ is currently supporting clients in the following categories:

Corporate & Travel

  • Office Supplies
  • Auto Rental
  • Armored Transport
  • Hotels
  • Airfare
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Information Technology

  • Desktop Hardware
  • IT Services
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Marketing

  • Promotional Agencies
  • Advertising Agencies
  • Fixtures & Displays
  • Promotional Products
  • Commercial Print
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Transportation

  • Truckload
  • LTL
  • Small Parcel
  • Freight Forwarding
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Real Estate & Facilities

  • Janitorial Services
  • Security Personnel
  • Waste Disposal
  • HVAC Maintenance & Repair
  • Snow Removal
  • Fire & Life Safety
  • Electrical Services (Contractors)
  • Mailroom Services
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MRO & Packaging 

  • Pallets
  • Corrugated
  • Shipping Supplies
  • Uniforms
  • General Industrial Supplies
  • Power Transmission & Bearings
  • Electrical Supplies
  • Dental Supplies
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Directs

  • Additives & Colorants
  • Film
  • Adhesives & Sealants
  • Papers
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Move With The Markets

Schedule a demo and see what our category management module can do for your organization.

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