Benchmark Against other Purchasing Organizations

Purchasing organizations are compelled to find opportunities to reduce procurement costs and improve efficiency. In fact, it's hard to find a procurement executive that doesn't have an annual cost reduction target to hit. So how can you quickly determine where your spend patterns are out of sync with the market? Ketera Network Market Analytics offers clear insights and side-by-side comparison of your spending against category benchmarks.

Benefits of the Ketera Network Market Analytics solution include:

Benchmarking spend across a range of purchased categories
Identification of opportunities to reduce costs
Prioritization of cost savings initiatives based on known savings potential

Based on real data from billions of dollars in transactions and analyzed spend per year, all classified using patent-pending categorization technology, Ketera Network Market Analytics provides an accurate picture of purchasing trends for various commodities and products in multiple industries. Ketera uses this information to bring you deep insights that can help you become more competitive.

Key capabilities include:

Sort and Search - Sort and search by numerous criteria and segments to better understand how you compare with other procurement organizations within the selected criteria.
Filter by Category - Filter by category segments to learn how you compare with other procurement organizations within the target category.
Self Service - Load new data and modify reports yourself with simple-to-use import "wizards" and interactive browser-based charts
Pre-built Reports - Get insight into trends and competitive benchmarks such as:
- Trends for YTD spending for a category in the network
- Total YTD spend for various commodities within a category and breakdown of each spend by catalog, punch-out and off-catalog
- Comparison of key metrics such as average order size and price paid vs.the network
- Trends for YTD spending for a category in the network
- Trends on pricing for various commodities in a category
- Top suppliers for that category

Next Steps

“ We selected the Ketera eRFX tool because it is quick to implement, cost effective and drives efficiencies into the sourcing process. Its portal design streamlines the communication, document traffic and analysis associated with conducting our RFPs. The entire Ketera package has allowed us to run more events with fewer resources, leading to increased procurement efficiencies. ” Michael Feeney Vice President, Corporate Procurement for U.S. Bank

“ We recognized an opportunity to enhance our purchasing process with state–of–the–art technology – without the up–front investment and ongoing resource commitment associated with the implementation of enterprise software. ” Mitch Plaat VP Contract Services for Con-way

“ Ketera′s on demand solution is ahead of the competition – we will be able to implement the solution in weeks and we never have to worry about taking the system down to install upgrades or make changes. ” Steve Kenny Vice President Risk Management and General Services for Columbia Credit Union

“ From the beginning, Ketera explained everything to us, both from the technical and sales side. They′ve accommodated our needs and have been very helpful and responsive. ” Michael Kapeles Senior Supply Manager for Cabot Microelectronics

“ Not only does Ketera provide innovative solutions for spend management, they also offer high quality professional services that let you get the most from their solutions. Working with Ketera is like a breath of fresh air. ” Nick Walker Procurement Manager for BTP

“ Ketera's new solution is really an amazing innovation that will revolutionize the purchasing industry. ” Dian Trosclair VP of Supply Chain Management for ServiceMaster

“ Using Ketera, we've lowered our costs and improved our compliance with negotiated corporate contracts. By buying on contract, we typically see a ten percent reduction in cost. ” Jim Cebula Director of Global Purchasing for Kennametal