Level Up Your Category Management Control

by SpendHQ Marketing

How Usage-Level Spend Data Can Expand Your Capabilities

A Whitepaper from Procurious, sponsored by SpendHQ

The Procurement world recognizes that spend visualization tools are key to generating advanced insights and taking action on cost optimization initiatives. Doing this type of analysis across each of your categories, in collaboration with your spend stakeholders, can unearth new opportunities that have true alignment.

However, it’s clear that obtaining the right tools — and indeed spend analysis itself — can be a perennial uphill battle. But with the right analytics that combines usage-level data and category spend, procurement teams will be able to view and control their organizational spend, consolidate where needed, and create optimal savings. Getting your arms around spend data across the organization and bringing it together is key, and the right level of spend category classification and analysis granularity can provide the insights needed to “level up” your procurement strategy and impact.

This white paper investigates how we got to this moment in time where spend visibility is more critical than ever. It covers a new way of thinking about how the optimal use of spend data can revolutionize the category management function and its value contribution.

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