Category workbench provides insight, decision assistance, and a long-term planning center for procurement activities like sourcing, procurement, contract administration, and supplier relationship management.
A category workbench is an act of categorizing and organizing the supplies an organization needs to ease the process of preparing for their acquisition and use.
Perhaps you've reached a point where it's becoming more challenging to manage merchandise entering your warehouse, or you're searching for more solid answers on where your money is being spent.
As a one-point reference for all category related enquiries and information, the category workbench provides the visibility, decision support and strategic planning hub around which procurement processes like sourcing, purchasing, contract management and supplier management can work most efficiently.
Categorizing the materials that an enterprise buys from its suppliers may appear to be merely another attempt to maintain detailed records, but there are several other aspects that require careful consideration. From opportunity analysis, project planning to complete source-to-pay processes, category workbench helps enterprises get the desired value and stakeholder engagement across the board.
Category managers need a comprehensive category management workbench with real-time information. It helps identify the key cost drivers and influencing factors, capture strategic plans and drive them through execution to deliver realized savings. In an ideal scenario, category workbench — from a single dashboard — enables category managers to review the performance of an enterprise’s critical suppliers, observe savings from multiple parameters including project-wise, by sourcing event, and by region.
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
GEP NEXXE is a uniﬁed and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artiﬁcial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.