TMCnet News

Achieving Savings of $6 Million with the Help of a Category Management Strategy | SpendEdge
[November 19, 2018]

Achieving Savings of $6 Million with the Help of a Category Management Strategy | SpendEdge


SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest category management study for a fashion retail industry firm. The client is a renowned fashion retail clothing firm with over 2,500 retail outlets situated in different countries. Based in the U.S., the client is known for its fashion clothing for men, women, teenagers, and kids. With the fast-paced technological changes and ever-changing landscape in the fashion retail industry, the client realized the need for a strong category management strategy to leverage their procurement decisions. Moreover, the client wanted to develop a robust strategy that could support them build better stakeholder relationships in the business.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181119005252/en/

Category management study for a retail industry firm (Graphic: Business Wire)

Category management study for a retail industry firm (Graphic: Business Wire)

Category management is a process of driving and delivering value, growth and innovation and yet most companies struggle with the transition from strategic sourcing to effective category management. Improving the category management function not only makes for a smooth handoff but also helps feed continued improvements in strategic sourcing. Implementing the category management principles will help businesses place their management strategies at the heart of their overall growth strategy.

Request a free demo see for yourself why we're the preferred partner for leading Fortune 500 companies when it comes tocost benefit analysis and procurement intelligence.



According to the procurement experts at SpendEdge, "A category management strategy helps in evaluating sourcing destinations, monitor supplier performance, and facilitates an overall powerful category planning cycle."

The category management solutions offered by SpendEdge's experts helped the client to effectively organize the procurement resources to focus on distinct areas of spend. This guided the client in dealing with the business strategy implementation, determining ROI, and estimating the effect of the category management process on the supply chain efficiency. Moreover, with the help of category management strategies, the client achieved a savings of $6 million over a 12-month period.


To know more about the complete scope of this engagement and the real benefits of cost benefit analysis for businesses, request a proposal

SpendEdge's spend analysis strategies helped the client to:

• Gauge the performance of each category

• Enhance supplier relationships

To know more about the spend analysis strategies followed by different firms, Talk to an analyst

The engagement also offered predictive insights on:

Are you interested in purchasing procurement reports? Our subscription platform, SpendEdge Insights, provides ready-to-use procurement research reports for multiple categories. Now access latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 7-day FREE trial now.

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal


[ Back To TMCnet.com's Homepage ]