Category Best Practices Assessment
Recommending Category Best Practices and Strategies for Procurement Leaders: Covering industry-wide and competitive insights into Sourcing, Pricing, Contracting, and other Operating Benchmarks
Category Best Practices Assessment involves gathering and analyzing competitive procurement and sourcing benchmarks, such as operating models, pricing mechanisms, contracting strategies, sustainable sourcing practices, and the adoption of technology and innovation, among others.
Designed for procurement leaders and category managers, our benchmarks empower organizations to strengthen their sourcing roadmap, allowing them to build best-in-class short- and long-term category strategies.
Our comprehensive coverage spans three critical areas to drive procurement excellence and category leadership.
Category Sourcing Strategy
We provide in-depth industry-wide insights and comprehensive competitor analysis, encompassing external manufacturing assessments, contracting strategies, and sourcing optimization approaches. Our assessment includes the following benchmarks-
Operating & Engagement Models
Sourcing Optimization Strategy
Contracting Strategy
Pricing Mechanism
Procurement Organization Structure
We specialize in creating and optimizing new procurement teams by analyzing the organizational structures of industrial leaders and key competitors. Our benchmarks focus on critical metrics such as total spend, FTE allocation, spend per FTE, organizational efficiency, and digital readiness.
We help organizations enhance performance and procurement efficiency, enabling a smooth transition to digital procurement and fostering greater agility in procurement operations.
Sourcing Innovation Analysis
We analyze competitors' processes, workflows, and technological adoptions, including tools, platforms, and key suppliers. This assessment provides insights into industry innovation, competitive strengths, and emerging trends, enabling businesses to leverage disruptive technologies and source innovations for a competitive advantage.
Our Category Best Practices Assessment framework identifies industry-leading strategies to optimize procurement processes and drive value.
Our category best practices assessment solutions have helped procurement organizations achieve various goals:
Reduction in Procurement Costs: +15-20%
Improved Efficiency in Procurement Organization: + 25-30%
Improvement in Contract Efficiency: + 10-15%
A leading European ropes and strappings manufacturer sought insights into competitive dynamics for resins, focusing on engagement models, pricing strategies, and contracting mechanisms. These insights enabled tailored supplier relationships, better negotiation terms, and 15% cost savings by targeting growth regions and optimizing procurement.
A Europe-based CPG company sought insights about procurement organization structure, including the recommended benchmarking for an organization, total spend, and operating model. The comprehensive analysis enabled a 15-20% improvement in operational efficiency and helped the client identify cost-saving opportunities of up to 10%.
A leading bearing manufacturer sought insights into competitors’ manufacturing footprints for tapered roller bearings (TRBs) in the US. The analysis of supply chain setups, sourcing volumes, and pricing enabled the client achieve a 15% reduction in raw material costs and improve procurement strategies across plant locations.
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Client Experiences
Will I receive industry-wide best practices or company-specific insights?
Can we benchmark both global and regional companies to gain a better understanding of the category?
Can benchmarking be conducted for niche categories?
Are industry benchmarks analyzed at the brand or company level?
What is the turnaround time (TAT) for these studies?
What is the depth of your benchmarking coverage?
How do you ensure compliance and data integrity?
What is your client-engagement process during project execution?
Can Aranca demonstrate its category best practice assessment capabilities?
How do we request a proposal for a category best practices assessment?
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