Category Intelligence™ Solution
Successful execution of Category Management is a critical strategic objective of supply chain professionals. Successful execution can enable energy companies to:
Leverage demand across enterprise to achieve savings from scale
Integrate market intelligence to reduce cost and mitigate risks
Standardize specs to ensure maximum performance
Reduce lead times
Put more spend under management
Unfortunately, as one supply chain executive said, “Category Management processes sound great in PowerPoint decks but are really the impossible dream.” The burden on teams of gathering incomplete data and building deliverables typically leads to muted impact. Moreover, the lack of external energy market intelligence prevents teams from developing effective strategies.
By integrating Cost Intelligence® and Market Intelligence®, Category Intelligence provides the only solution that enables supply chain professionals to make the full impact of category management possible.
Category Intelligence Solution Benefits
Manage 2x the spend and generate more savings: By automating Category Management, you can double your efficiency
Deliver 20% more impactful strategies: Leverage best-in-class market intelligence to develop more effective strategies
Make category management processes sustainable: Avoid process decay after consulting firms leave
Keep business unit leaders engaged: Create visibility and demonstrate impact
Promote success: Demonstrates the sophistication, professionalism and impact to executives
How Category Intelligence Works
Our customers receive the combination of actionable intelligence, functionality and automation which is essential to developing and executing category strategies in a sustainable way. Category Intelligence can be delivered with technology only or accelerated with services.
Real-Time Market Intelligence
Tailored to Your Needs
We tailor Category Intelligence to the sophistication of your existing Category Management organization:
The PowerAdvocate Advantage
Data is delivered from the world’s only and largest PowerAdvocate Energy FactBase™, which contains over $1 trillion in actual energy company spend
PowerAdvocate's energy intelligence teams have the skills, experience and information to translate what market events mean into the highly engineered things you buy
PowerAdvocate has over 12 years of experience designing, implementing and automating category management processes for the largest energy companies in the world
PowerAdvocate technology is loaded with proprietary cost models at the level of the item you buy – no more useless, static reports
Technology is web-based, seamlessly integrated into your processes and built specific to the energy supply chain professional
Reorganizing Category Management Approach Transforms Leading Supply Chain
One of the largest U.S. energy companies, leading the way in innovative supply chain approaches, turned to PowerAdvocate to help them improve enterprise performance and mitigate risk. PowerAdvocate worked closely with the client in creating and maintaining a sustainable, cost effective strategic sourcing process. Over the past two years our client has delivered savings and managed their operating performance through leveraging our tools, data and expertise.
Category Management Approach
Over five months, PowerAdvocate worked with and trained 100+ members of the client’s supply chain, performing category assessments to identify savings opportunities.
The client's supply chain quickly adopted PowerAdvocate's Energy Intelligence Platform® into its strategic sourcing approach and category business plan development, ultimately saving time and resources.