Category Management

PI empowers category management by integrating data, providing market intelligence and establishing dashboards which monitor performance and identify improvement and saving opportunities.

PI supports procurement in supplier selection, contract management, supplier analysis and risk assessment, budgeting and forecasting.

Category (and sourcing) management practices are assessed by PI against category value for money scorecards relevant to each category and improvement opportunities are identified.

PI enables category managers to see the category in detail by integrating supplier and market intelligence data with own and third party sources of data, establishing category management dashboards to facilitate good performance and identifying improvement and saving opportunities.

PI enables proactive category management in sourcing, contract and vendor management and internal consumption management. Category benchmarks are available for each category, focusing management on achievable targets.

PI supports category and sourcing managers with going to market, establishing RFQ and RFT documentation, evaluation of supplier bids and measurement of performance and achievements.

PI’s category management software as a service improves spend analysis and category communication and stakeholder reporting with modules such as:

• Product/service classification and supplier reporting templates
• Contract management dashboards, linking spend data with contractual arrangements
• Risk assessment of vendors and categories with external market intelligence
• Supplier classification