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Performing a spend analysis is an indispensable cost-saving component in any business. In this blog, let’s understand 7 step process for conducting an efficient Spend Analysis.
Spend analysis is one of the most versatile analyses in a procurement organization offering several key benefits. In this blog, we are going to throw some light on the most common benefits of spend analysis.
Procurement spend analysis is the practice of scrutinising current & historic expenditure from a procurement perspective to proactively identify savings opportunities, manage risks & optimize the organization’s buying power.
This blog focuses on some common challenges faced by category planning professionals and ways to overcome them, thus improving overall category management.
Category roles have significant implications on how the category plan has been implemented and therefore, defining them is a critical phase in the process.
Due to pandemic , many companies started from scratch & perhaps for the first time used a Zero Based Budget. We’re 5 months into new year so what better time to check if its actually working?
Category planning is the process of managing retail business that merchandise category outputs rather than the contribution of individual brands or models. Learn more about the process in this blog.
The better we forecast & the proactive we become the better we can handle any future unexpected events. Are you well-equipped to handle those events? Read more in this blog.
The ultimate goal of Category Planning is to obtain long-term improvements in the efficiencies of retailers which leads to increased sales, improved shopping environment and overall customer satisfaction.
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