SAP: Stay competitive and resilient with category management

Discover why the digitalisation of category management can help businesses to stay competitive & resilient according to multinational software company SAP

Grappling with the tedious and monumental task of manual data collection, category managers aren’t living up to their potential to think and execute strategically. In short, this is due to vital information being scatted in various software, applications, databases, and third parties, making nigh-on impossible to analyse or compare. 

Recent research conducted by SAP speaking to 500 executives, found that category management is among the top drivers of digital transformation in procurement, with almost a third viewing the function as a top technological trend to implement in the coming year. 

With this in mind, SAP has developed a new solution to help digitalise and streamline the development, execution, and monitoring of category strategies. 

Discover SAP Category Management

First introduced at SAP Sapphire, SAP Category Management can help those in procurement move away from manual tracking and presentation tools. The solution enables category managers to use data strategically to identify trends, develop and execute strategies, and measure success against real business metrics. 

SAP Category Management will be available in August 2023. 

How can SAP Category Management support procurement professionals?

Driven by intelligence, SAP Category Management can support procurement professionals with: 

  • In-depth insights to help those in procurement to form a cohesive category strategy
  • Access to embedded market dynamics and category intelligence
  • Consistent category management frameworks across regions
  • Opportunity analysis and recommendations
  • Improved resilience and agility when it comes to supply chain disruptions
  • Integration with other SAP Ariba solutions 

“As organisations strive to manage costs and ensure compliance – while also making their supply chains more sustainable and resilient – the category management function needs to focus on strategic initiatives. But first, they must shed the constraints of today’s manual processes. SAP Category Management helps digitalise category management processes and expand the ability of organisations to develop, execute, and monitor category strategies,” commented SAP. 

Share

Featured Articles

AWS Marketplace: Streamlining Software Solutions

AWS Marketplace simplifies procurement for public sector organisations, offers compliance support & prevents vendor lock-in, revolutionising cloud services

Keith Hartley, LevaData CEO, on Philosophy and Procurement

Keith Hartley, CEO at LevaData, discusses how the first principles philosophy and design thinking can revolutionise procurement processes

Mars Snacking's Amanda Davies joins P&SC LIVE New York

Amanda Davies, Chief R&D, Procurement and Sustainability Officer at Mars Snacking, is set to speak at Procurement & Supply Chain LIVE New York

Coupa Software’s Mike Schanker joins P&SC LIVE New York

Procurement Strategy

ServiceNow’s Kirsten Loegering joins P&SC LIVE New York

Supply Chain Management

McKinsey's Report Outlines Issues Facing Procurement Leaders

Procurement Strategy