Complete Category Management: Category IQ
Give sourcing and procurement teams actionable insights into spend, demand, usage, and risk across all categories, optimizing your sourcing strategies and driving cost savings.
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Comprehensive Spend Analysis and Insights
Category IQ aggregates detailed information across all parts and BOMs, providing a comprehensive view of your organization’s spend. Think: category management on steroids.
- Spend Visibility: Track and analyze spend by category, manufacturer, and business unit.
- Cost Trends: Monitor cost trends over time to identify savings opportunities.
- Benchmarking: Compare your spending against market benchmarks to ensure competitive pricing.
Risk & Demand Category Management
Get a complete view of your spend and forecast with accuracy. Filter data by commodity, sub-commodity, suppliers, manufacturers, business unit, and region and view part aging data to facilitate data-driven discussions with your engineering team about design refresh opportunities. Even better, quickly assess the impact of geographical events on your spend by accessing country-of-origin data for all your parts.
- Demand Forecasting: Predict future demand based on historical data and trends.
- Risk Assessment: Identify and mitigate risks such as single sourcing, lifecycle issues, and non-compliance.
- Geopolitical Analysis: Assess the impact of geopolitical events on your supply chain.
Strategic Sourcing Optimization
Optimize your sourcing strategies by slicing and dicing spend data to compare discounts provided by manufacturers within the same sub-commodity. You’ll quickly and easily identify savings opportunities, compare suppliers, and much more.
- Supplier Performance: Evaluate supplier performance and make data-driven decisions.
- Category Management: Manage categories effectively with a centralized overview of spend, demand, and risk.
- Savings Opportunities: Identify potential savings through alternative sourcing and negotiation strategies.
EBOOK
Achieving Total Supply Chain Visibility
Download The Ultimate Handbook to Supply Chain Visibility and give your sourcing and supply chain teams the insights they need to optimize operations, reduce costs, and mitigate risks
Category Management for Electronics Manufacturing
Effective category management is essential for optimizing spend, managing risks, and ensuring supply chain efficiency, especially for electronics. Traditional methods relying on spreadsheets and emails simply don’t work, as the intricacies of modern sourcing operations are growing more complex by the day. Digital platforms capable of providing 360º visibility are paramount to success. Here’s why:
Centralized Data Management:
Spreadsheets and emails can quickly become unmanageable, leading to data silos and inefficiencies. Category IQ offers a centralized platform where all your spend data is accessible and organized, providing a single source of truth for your sourcing organization.
Streamlined Sourcing
Manual spreadsheet manipulation results in outdated information and slow decision-making. With Category IQ, you get real-time insights into spend, demand, and risk, enabling your team to make informed decisions quickly and confidently.
Improved Collaboration with Advanced Category Management
Optimized category management requires seamless collaboration between internal teams, from engineering to sourcing to procurement. Category IQ facilitates this by providing shared access to critical data, fostering better communication and collaboration across teams.
Proactive Risk Management
Identifying and mitigating risks before they become supply chain breakdowns is crucial in electronics manufacturing. Category IQ’s advanced analytics help you proactively provide visibility into factors like supplier performance, geopolitical impacts, and compliance issues, so you’re more resilient and prepared for potential complications in the supply chain.
Category Management for Truly Strategic Sourcing
Category IQ empowers your sourcing organization to move beyond reactive approaches. By leveraging detailed spend analysis and risk management insights, your team can develop and implement strategic sourcing plans that drive cost savings and operational efficiency.
Try Part Analytics with your data, free of charge
Schedule some time to meet with us & review your needs. Whether you’ve got 1,000 or 100,000+ parts on your shortage list, we can help.
We’ll get you set up with a free trial of our BOM software platform using your own parts list so you can see how quickly & easily your entire team can start reaping the benefits of automated part availability insights.