What are the best practices for creating and updating a category management dashboard?

Here are some recommended practices for creating and updating a category management dashboard: Align the dashboard with strategic objectives to ensure it reflects key organizational goals and category strategies. Focus on including actionable metrics and KPIs that drive decision-making and performance improvement. Incorporate diverse data sources by integrating spend data, supplier performance metrics, market intelligence, and internal stakeholder feedback. Use visual elements like charts, graphs, and heat maps to present data in an easily digestible format. Implement automated data feeds to keep information current and relevant with real-time updates.

From my experience, it's key to track key metrics that align with business goals, using real-time data to drive insights. Regularly update the dashboard to reflect changing market conditions and procurement strategies. Keep it simple and user-friendly for quick decision-making.

The best approach to developing a category management dashboard involves first establishing clear objectives inline with the goals of category management and segmenting/ categorizing the complex data in accordance with identified goals & needs. The critical significance of data accuracy cannot be ignored in this process. Further regular updates to the dashboard are needed to reflect changes in business needs and to incorporate valuable inputs from stakeholders.

From experience less is more here. I like the following 4 metrics as I feel they give a healthy balance to any business: Trading performance: sales, volume, gross profit and gross margin. Market share: benchmark how well your business is really doing. Look at market data that is freely available, list your key competitors and track their published accounts. Stock health: cash flow and working capital are vital for any business, with stock health key. Check availability, deadstock, and overstock. Customer data: identify trends and habits rather than day to day numbers. Customer footfall is important if you have stores, as is data around the number of customers actively trading, lapsed or dormant.

In my experience Category management is a continuous process that requires the participation of different firm stakeholders across business units throughout the procurement lifecycle, from early strategy development to the final supplier management. It can create a host of benefits for a firm, including cost savings, better supplier relationships, improved client satisfaction, shorter lead times and faster strategy implementation.

Eu geralmente me inspiro na indústria financeira para criar meus dash boards de de categorias. Eu acho muito efetivo a maneira como os apps de corretoras, bancos e recomendacao de acoes apresentam as informa??es de maneira clara, concisa e sempre baseada em números e benchmarks.

Na minha experiência em compartilhar dashboards e também importante monitorar os acessos. Existem várias ferramentas no email, Microsoft e outros que permitem saber as estatísticas de acessos aos dashboards de compras assim dah pra implementar melhorias na comunica??o e saber se surtiram efeito.

For me, category management can function as a small department and a half in Procurement. Based on my previous experience, I think that large companies should be able to create a small team that is suitable for Strategic Procurement and Category Management.

To create and maintain a successful category management dashboard, follow these best practices: 1. Define clear objectives 2. Understand user needs 3. Choose relevant metrics 4. Design a simple and intuitive interface 5. Provide real-time data 6. Offer customization options 7. Regularly update and refine the dashboard 8. Comply with data security and privacy regulations 9. Provide training and support to users 10. Continuously monitor and evaluate the dashboard's effectiveness By defining clear objectives, understanding user needs, choosing relevant metrics, keeping the dashboard simple and intuitive, providing real-time data, you can create a dashboard that provides valuable insights, facilitates data-driven decision-making.