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

Keep track of all key performance indicators for any given category, as well as supplier efficiency and cost savings. Penny enables you to track and analyze the results compared to objectives and take corrective actions if necessary.

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

Once you’ve established a category management strategy, utilize data and facts from procurement to create a compelling case for your category management plan. Communicate it to business members and stakeholders to increase the chances of buy-in and approval.

Get Smart

We help you seamlessly integrate your own category intel with real-time market intelligence from our automated category management solution. Stop wasting money and time on gathering data and correcting manual errors now.

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.

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.

Yes. If your product search finds no results, you can submit a non-standard request.

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