Category Management Solution
Our category management solutions provide valuable insights to your experts, allowing them to take a proactive approach to category management.
Category Management Solution
You probably understand the rules have changed as a category manager, and the stakes are much higher. Your influence is no longer limited to lowering direct and indirect costs, establishing cost categories, and identifying efficiencies. You’re now operating at a tactical level, influencing both the bottom and top lines and delivering maximum value across the supply chain.
You also understand that the competition is doing whatever they can to win the race. Therefore, you have no choice but to develop sophisticated, cutting-edge category management solutions that only get better and better.
Over the years, Penny has specialized in helping category managers at all different phases of the procurement cycle to come up with the perfect category management strategy that helps them reduce errors and optimize execution. Via our solution, your procurement team can strategically plan and execute in accordance with your business goals and in accordance with their category KPIs, and by staying informed about upcoming industry and technology trends in their category.
Our category management solutions provide valuable insights to your experts, allowing them to take a proactive approach to category management.
Utilizing Penny's Category Management, You Can:
Closely Monitor KPIs
Find The Right Category Strategies
Develop your category plans with total control and stakeholder input based on well-proven practices and tactics.
Penny helps you implement your category strategy by providing you with comprehensive transparency and control at the category level. We conduct traffic flow analyses to assess shop layout efficacy and design stores that provide greater customer movement and product exposure.
Engage Stakeholders
Penny assists in transitioning from tactical procurement to enterprise-wide strategy development and engages clients across the business.
To produce more value for each category, communication with colleagues across the company should be improved.
Find The Right Space
Analyzing and processing documents with complex components, such as multi-paged files and documents with long tables or recurring document segments.
Achieve Excellent Governance
Get Smart
Optimize Positioning
Create a set of practical strategies in line with a clear knowledge of the primary value targets for your category. Monitor the development of each category in terms of industry positions and supplier interactions.
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Frequently Asked Questions
Penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs to vendors, compare quotations, send POs and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system.
- Allocate, manage and monitor budgets by expense accounts, projects, departments, location, teams..etc
- Streamlining procurement means requests, approvals, and POs won’t be lost in emails or offline.
- History and records of requests and purchases can be extracted and tracked easily via the platform.
- Product requests are more accurate through the catalog, and hence avoid purchasing mistakes.
- Reports and analysis can be extracted from the platform, giving you a consolidated data center for all your procurement activities.
- penny is cloud-based and an easy to use platform. The action-board gives your team a user-friendly and simple experience.
Yes, penny is designed to handle complex procurement operations. We make EVERYTHING simple. Via the contract management feature, you can set the terms and conditions of your contract, and the system will recognize the products and the vendors of your request and match it with specified terms of your contract. Easy.
Putting you in control of your spending is integral to our mission. penny allows you to create Expense Accounts that match your P&L, and assign budgets to them. For example, you can assign $X for your “Travel Budget” and reflect on the budget before approving a travel request. In addition, penny allows you to set budgets for cost centers like projects, departments, locations, and so much more. With penny, you can extract reports and view your spend per Expense Accounts or cost center.
