Remove Category management Remove Demand Planning Remove Innovation
article thumbnail

What About Procurement Objectives?

Procurement Templates

Adopt a Forward-Thinking Approach: Stay ahead by monitoring emerging procurement trends, such as digital transformation and sustainability innovations. Promote a Culture of Innovation: Encourage team members to propose creative solutions and recognize contributions that drive results. Automate supplier evaluation using real-time data.

article thumbnail

The Beautiful Complexity of Procurement Planning

The Good Spending

Our colleagues tend to accept the business demand for granted and not try to understand or, God forbid, challenge it. When discussing value generation , we mainly mention category management, stakeholder relationships, and supplier innovation. The lion's share of procurement value could be created in the planning stage.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Critical differences between IT procurement and legacy sourcing

The Good Spending

When sourcing "new tasks" - still unknown for the use of unique objects (mostly integrated and innovative) - the main task is to determine the solution that best meets the needs of the business and a supplier who can implement that solution optimally. In the IT department itself, such planning is challenging.

article thumbnail

4 Predictions on Procurement’s Top Trends in 2023

Arkestro

But if there’s one advantage, it’s that crisis creates change and the potential for innovation. Companies Will Scale Their Procurement Knowledge Base and Enablement Programs To Attract and Retain A New Profile of Category Management Talent. scenario-driven demand plans. should-be cost models.

article thumbnail

How Supply Chain Can Make or Break a High Growth Company!

Supply Chain Game Changer

Rather than taming out-of-control spend later , they’re maximizing profitability by being strategic about the company-wide spend now , by hiring a team of Procurement category managers. Today’s top Supply Chain Management professionals can bring all these considerations to bear. The best in the business can get you all three.

article thumbnail

Better Visibility for Direct Spend – Anne-Sophie Le Bloas from Ravacan

The Procuretech Podcast

Anne-Sophie Le Bloas, Founder and CEO of Ravacan, experienced in both her native Europe and also in the US, that there wasn't much innovation out there when it came to leveraging digital tools to manage direct materials spend, and set out to remedy this. Is it hard to get conversations with innovators and change agents?

article thumbnail

Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

She has deep knowledge of procurement, sourcing, vendor management and category management in different categories. Given her in-depth knowledge of procurement, sourcing, vendor management and category management, she is eager to share that with you. You can access these courses on SCMDOJO Academy.