Category IntelligencE
Intelligence of evolution of procurement categories
As supplier business models evolve at a rapid pace, category managers need to be proactive in adopting an effective category planning approach that takes heed of market intelligence. Ultimately, this means they need access to thorough insights and regular updates on sourcing strategies and category developments to be alerted to risk signals, which will minimise supply chain disruptions.
We see a pattern with organisations that, although they understand the importance of having category strategies, their efforts are limited to just their direct procurement categories, neglecting indirect categories like IT, Finance, Logistics, HR etc, despite the likelihood they can also be a liability for clients. These categories can be hard to monitor as they are not components of their value chain, and clients perhaps lack clarity and understanding of said categories.
Our database for secondary research, housing over 5000 online sources, paired with our guarantee to provide expert insights and opinions, means our experienced team of analysts can monitor category trends and best practices in order to create reports that are tailored to any category. Our research reports contribute to the strategy development of over 100 direct and indirect procurement categories globally.
As supplier business models evolve at a rapid pace, category managers need to be proactive in adopting an effective category planning approach that takes heed of market intelligence. Ultimately, this means they need access to thorough insights and regular updates on sourcing strategies and category developments to be alerted to risk signals, which will minimise supply chain disruptions.
We see a pattern with organisations that, although they understand the importance of having category strategies, their efforts are limited to just their direct procurement categories, neglecting indirect categories like IT, Finance, Logistics, HR etc, despite the likelihood they can also be a liability for clients. These categories can be hard to monitor as they are not components of their value chain, and clients perhaps lack clarity and understanding of said categories.
Our database for secondary research, housing over 5000 online sources, paired with our guarantee to provide expert insights and opinions, means our experienced team of analysts can monitor category trends and best practices in order to create reports that are tailored to any category. Our research reports contribute to the strategy development of over 100 direct and indirect procurement categories globally.
Category Strategy Development
Our extensive database of secondary research sources combined with experienced analysts and insight from industry experts provides category managers to understand the wider supply market landscape in order to optimise their category plans. We can source niche suppliers, identify market trends before they occur in order for teams to plan ahead. Our team also unveils category best practices as case studies from other companies, helping clients strengthen their procurement processes.
Category Intelligence
To avoid risk, category managers are encouraged to closely monitor factors that may impact their category plan and sourcing strategy. Such factors include, but are not limited to:
Our team works alongside our clients’ buying organisation to track development across categories, both direct and indirect, and sources relevant news and insights to category managers in deliverables such as reports, newsletters, updates and more.
- Macroeconomic changes
- Pricing changes
- New players entering the market
- Technological developments
- Regulatory changes
Our team works alongside our clients’ buying organisation to track development across categories, both direct and indirect, and sources relevant news and insights to category managers in deliverables such as reports, newsletters, updates and more.