Category Analytics offers powerful visualizations and analytics to ensure users leverage impactful savings opportunities

Category Analytics analyzes category-specific transactional data from a company’s spending to determine the most impactful actions that teams can take to immediately reduce spend and hit their targets. The savings analysis covers category-specific commercial, demand, and process levers, runs in-depth sourcing analytics on millions of transactions, and applies a set of proven, category-specific levers to identify and seize savings.

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See Category Analytics in action

Companies managing billions in spend look to their CPOs and procurement teams to find the cost-saving actions that will have the most impact. But with the massive amounts of data being generated and the numerous possible levers for different spend categories, it’s difficult to know which areas to concentrate on and where the greatest potential lies.

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the most valuable benefits

Orpheus, a McKinsey company - Full transparency into spend categories

Full transparency into spend categories

Category Analytics provides a central location for users to perform complex calculations and advanced analytics on their company’s spend data at a transactional level. The tool enables category managers to uncover new insights and take immediate action.

Orpheus, a McKinsey company - Full transparency into spend categories

Full transparency into spend categories

Category Analytics provides a central location for users to perform complex calculations and advanced analytics on their company’s spend data at a transactional level. The tool enables category managers to uncover new insights and take immediate action.

Orpheus, a McKinsey company - Best-in-class resources

Best-in-class
resources

Category Analytics combines advanced analytics with guidance from category experts, strategy resources, and training programs to ensure that users make the most of the insights generated by the platform.

Orpheus, a McKinsey company - Best-in-class resources

Best-in-class
resources

Category Analytics combines advanced analytics with guidance from category experts, strategy resources, and training programs to ensure that users make the most of the insights generated by the platform.

Orpheus, a McKinsey company - Continuous insights

Continuous
insights

Category Analytics offers a cloud-based solution to ensure that clients see continuous improvement well after the platform is deployed. After users act on the initial savings actions, they can upload new data periodically to identify new opportunities.

Orpheus, a McKinsey company - Continuous insights

Continuous
insights

Category Analytics offers a cloud-based solution to ensure that clients see continuous improvement well after the platform is deployed. After users act on the initial savings actions, they can upload new data periodically to identify new opportunities.

Would you like to learn more about how Orpheus solutions can help your organization?

Would you like to learn more about how Orpheus solutions can help your organization?

Key features of category analytics

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Smart categorization

Category Analytics uses machine learning to categorize and harmonize spend data and provides a reliable and comparable baseline for advanced analytics.

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Tangible benchmarks

Spend data is compared with external indices, clean-sheet cost models, and third-party benchmarks to determine savings potential.

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Always up-to-date

Category teams can refresh the data set periodically and continue to use the tool to digitally manage spend and opportunities within their category.

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Actionable insights

Category Analytics highlights the actions with the greatest potential savings and allows users to drill down into data to unearth granular insights.

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Reliable analysis

Category Analytics enables data drilling, bottom-up savings calculations, what-if analysis, value-capture monitoring, and running spend reports.

Orpheus, a McKinsey company - Category Analytics
Sample Screen

Sourcing analytics

Category Analytics offers in-depth sourcing analytics on millions of transactions and applies a set of proven, category-specific levers to identify and seize savings opportunities.

Industries we serve

Orpheus, a McKinsey company - Industries - Retail and consumer goods

Retail and consumer goods

Tech companies and apparel and food manufacturers trust our solutions for procurement value capture, leveraging savings opportunities for data-driven decision making to surpass set targets.

Orpheus, a McKinsey company - Industries - Public sector

Public sector

Various clients from the public sector use our solutions for cost-transformation projects, savings identification, quality improvement, and fact-based strategy development.

Orpheus, a McKinsey company - Industries - Utilities

Utilities

Utility providers from across the globe use Orpheus tools to create spend visibility and generate unprecedented savings opportunities within services and maintenance, repairs, and operations categories.

Orpheus, a McKinsey company - Industries - Finance & Insurance

Finance & Insurance

Organizations from the financial and insurance sectors rely on our solutions to sustainably categorize their indirect spending, initiate category benchmarking, and identify savings opportunities.

Orpheus, a McKinsey company - Industries - Pharma

Pharma

We help life sciences and pharmaceutical organizations identify and utilize hidden savings potential within their globally dispersed procurement data streams in order to create actionable insights.

Orpheus, a McKinsey company - Industries - Manufacturing

Manufacturing

We have served automotive and machinery manufacturers around the world, supported large mergers in this sector, and identified crucial savings opportunities through procurement synergies.

Our Impact

Orpheus, a McKinsey company - Our Impact

Consumer Goods

Advanced Analytics & Performance Management

 
Orpheus, a McKinsey company - Our Impact

Pharma

AI & Advanced Analytics for M&A

 
Orpheus, a McKinsey company - Our Impact

More impact stories

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Related Solutions

Orpheus, a McKinsey company - Impact Tracker Orpheus, a McKinsey company - Impact Tracker

Impact Management

Impact
Tracker

Impact Tracker is a software that allows you to plan, control and monitor your sourcing initiatives. The savings achieved by the initiatives can be measured and documented using the software.

Orpheus, a McKinsey company - Advisory Center & BOTs Orpheus, a McKinsey company - Advisory Center & BOTs

Transparency & AI

Advisory Center and BOTs

Advisory Center uses BOTs to automate many routine (analysis) tasks in procurement. Data is analyzed automatically and the BOTs provide information about decision-relevant KPI and data patterns via an active alert.

 

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