Key Benefits Of Intelligent Category Management
Gain total visibility into all categories and suppliers to identify savings opportunities
Identify cost and value drivers, understand market trends and improve the bottom line
Develop and execute category strategies while tracking performance and fostering innovations
Enhance collaboration and build deeper supplier relationships
Optimize costs, align value and improve profitability to ensure maximized value from procurement spend
Mitigate risks related to supply, suppliers and supply chain
Unleash the Potential of Predictive Intelligence for Balanced Cost, Risk and Sustainability
- Easily Create New Category Profiles
- Develop Category Strategies
- Conduct Supplier Competitive Analysis
- Integrate Seamlessly with Spend Analytics
- Access Documents Easily
Easily Create New Category Profiles
- Define new category profiles through creating or importing category taxonomy
- Set up category profiles with spend channels, risk assessments and policies
- Instantly view category spend and suppliers based on classified and enriched data
- Get timely external market insights to stay current on category- and commodity-level developments
Develop Category Strategies
- Leverage seamlessly integrated spend, supplier, sourcing and commodity data to implement, configure and analyze mid-term and long-term category strategies and sourcing processes
- Monitor category spend and identify trends by commodity, business unit, region and supplier
- Leverage intelligent spend views: global supplier regional spend, actual vs. budget, contracted vs. non-contracted spend by category, etc.
- Monitor supplier profiles and statistics to track performance against key metrics
Conduct Supplier Competitive Analysis
- Conduct supplier analysis with integrated intelligence
- Set measurable KPIs and objectives
- Optimize costs, diversity, sustainability and mitigate risk
Integrate Seamlessly with Spend Analytics
- Integrate spend profiles and compare with market indices
- Track performance and make informed decisions
Access Documents Easily
- Integrate enterprise-wide documents to aggregate your spend based on targeted categories
Why Choose GEP's Intelligent Category Management Solution
Centralized Solution for Category Management
Powered by a single platform that leverages AI, market intelligence and cost analysis for all your category management needs. Create effective strategies and measure outcomes against your KPIs.
Seamlessly Integrated with Award-Winning S2P Suite
ICM seamlessly integrates with the award-winning source-to-pay (S2P) suite to give you real-time visibility into spend, savings, contracts and more through customizable dashboards for informed decision-making.
AI-Initiated Recommendations
Intelligent software classifies and analyzes data, running predictive and prescriptive analytics to alert supply chain teams. Make informed decisions, get supplier recommendations and access granular visibility across your enterprise.
Real-Time and Deep Market Intelligence
Automated data consolidation from internal and external sources provides enhanced visibility. Access over 100,000 global price market indices, prepopulated insights, cost breakdowns and scenario modeling to stay ahead of market trends.
360 Category Workbench
Gain total control of your categories. Combine internal data with external market information for a comprehensive view. Customize frameworks, map cost drivers, benchmark performance against the market and leverage real-time price data for data-driven decision-making. Track category management performance against defined metrics.
Automated Alerts and Notifications
Receive automated alerts and notifications to stay informed about market developments. Proactively track changes and recommended procurement activities for swift response to market dynamics.
