Today, driving savings is a goal not just for the procurement team, but for the whole business. And people across the enterprise have a stake and role to play in the success of the broader procurement operation.
This is where category management comes in. Fact is, it’s not just the purchase price that determines the success of a procurement project. The supplier landscape and risk, nature of players in the market, cost drivers, and many other factors now have a bearing on whether your business can achieve its strategic goals for saving.
While strategic sourcing is a short-term, quick-win tactical arrangement, category management involves long-term strategic planning based on more than just pure-play cost reduction.
Powerful, Comprehensive Category Workbench
SMART by GEP provides category managers a comprehensive category management workbench with real-time information. From opportunity analysis, project planning and full source-to-pay processes, SMART by GEP’s category management workbench helps you drive value and increase stakeholder engagement across the enterprise.
As a one-point reference for all category related enquiries and information, SMART by GEP's category workbench provides the visibility, decision support and strategic planning hub around which procurement processes like sourcing, purchasing, contract management and supplier management can work most efficiently. All your source-to-pay processes are streamlined and relevant information collated in one place to help you make informed spend management decisions.
From at-a-glance Day One analysis through full category positioning, you can identify your key cost drivers and influencing factors, capture strategic plans and drive them through execution to deliver realized savings. Category KPIs are at the heart of the SMART by GEP category workbench — from a single dashboard you can review performance of your key suppliers, monitor savings by project, by sourcing event, by region and more.