Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. Paysafe is a leader in payment solutions and these partnerships are important for the business to grow by expanding our presence.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Jaggaer

SEPTEMBER 1, 2020

When procurement thinks about why they might implement a category management pro cess , the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. Evaluating the relevant risks in the supply chain for each category.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

Sourcing and Supply Chain

JUNE 24, 2021

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money. Demand Trends – India.

Category management 52

Category management Management Procurement Market analysis 52

Positive Purchasing

MAY 19, 2022

Philip Ideson, former procurement delivery leader for Accenture and creator of Art of Procurement , the #1 weekly procurement podcast, explores whether category management remains an essential function for procurement organizations – or not. Only procurement thinks of products and services as categories, and that is okay.

Category management 52

Category management Management Procurement Strategy 52

The Good Spending

APRIL 10, 2022

The problem with the category management process One of the most significant problems of the category management process is the lack of adaptivity. Once issued and approved, a category strategy hardens over time and transforms from a managerial instrument into a constraint.

Category management 52

Category management Management Strategy Innovation 52

Procurement Templates

DECEMBER 11, 2024

Your team may be the most important asset for your own personal development. Implement category management to gain deeper market expertise and create tailored sourcing strategies. Benchmark Performance: Regularly compare procurement metrics with industry best practices to identify areas for improvement.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

Positive Purchasing

FEBRUARY 13, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? We’re tackling this of-the-moment topic during our upcoming webinar, Digital Category Management – Is it Robust, Faster and Better? , Tick box Category Management’ is a thing of the past.

Category management 52

Category management Management Procurement team Procurement 52

ivalua

JANUARY 31, 2023

Through Ivalua’s EIC, emissions data can be imported from recognized third-party emissions data sources or directly from suppliers; the data is then combined with other information such as environmental risk scores, policies, published targets, or certifications.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Positive Purchasing

MARCH 5, 2024

Approach Purchasing and Procurement Strategically, Effectively and Sustainably with Category Management. Category Management in Purchasing will help you source strategically and deliver profitability and new supply-side value effectively with a step-by-step guide to the tools, techniques and application of category management.

Category management 52

Category management Purchasing Management Sustainability 52

Supply Chain Game Changer

NOVEMBER 23, 2018

First I’d like to establish some clarity around the title for this blog post in which we use the phrase “Commodity Management” Commodity Management is meant to encompass all of the strategic activities and responsibilities that go in to the process of buying raw materials. What is a Commodity Management Strategy?

Category management 61

Category management Strategy Raw materials Management 61

Skill Dynamics

JANUARY 14, 2025

Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities. Category Management Category management refers to the focused management of individual aspects of your procurement process.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Freelancers

FEBRUARY 14, 2023

It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News. Planning and strategy are necessary when sourcing goods from another nation.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Sourcing Import 89

The Good Spending

JULY 27, 2023

price of imported P.E. Category managers and analysts must consider all those factors to develop a balanced sourcing strategy. Category management lifebuoy All of the above is meant to prove the importance of category management. You cannot simply prorate the P.E. products or ethylene.)

Category management 52

Category management Management Logistics Price 52

Procurement Leaders

JANUARY 16, 2023

So, how we manage risk is what keeps me up at night… We try to be robust as a procurement organisation because, as a commodities company, risk is a part of our everyday life: we can have a crop failure, we can have a delivery failure, we can have a quality failure, so how do we handle that?” ” Stroup says.

Risk 246

Risk Management Risk management Strategic planning 246

Positive Purchasing

MAY 3, 2024

Category Management in Purchasing , now in its 5th edition, is a comprehensive and practical guide to approaching purchasing and procurement strategically, effectively, and sustainably through category management. Published by Kogan Page on 3 May 2024Paperback, £49.99/$59.99

Category management 52

Category management Purchasing Supplier relationship management Management 52

The Good Spending

APRIL 3, 2022

Category management is the brain and spine of strategic procurement. Procurement largely relies on category management in its constant endeavor to transform transactional purchasing into a value-creation machine. Category management is an integral part of the "plan-to-procure" cycle.

Category management 52

Category management Demand Management Procurement 52

Procurement Insights

JANUARY 12, 2023

I read several interesting articles recently on the JAGGAER blog regarding category management and technology and the analytical skills required by category managers to extract actionable knowledge. In other words, it is not a people issue. Edwards Demming. To what process am I referring? Data Modernization.

Category management 45

Category management Management Data Leadership 45

Procurement Heads

OCTOBER 26, 2022

We are essentially set up across four key pillars: Category management and sourcing P2P Supplier management assurance and audit Sustainability. It’s really important to get the balance right between selling yourself and not talking too much. How do you split the function out? In addition, soft skills are crucial for me.

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

ivalua

FEBRUARY 8, 2023

Why is visibility so important? Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Supply Chain Game Changer

APRIL 7, 2020

In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important! The chronic need for Supply Chain visibility has become of utmost importance with the overwhelming strains on global healthcare systems and networks. Subscribe to Supply Chain Game Changer.

Supply Chain Visibility 88

Supply Chain Visibility e2e Real-time Visibility supply chain software solutions 88

SCMDOJO

JULY 18, 2023

By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.

Contract management 98

Contract management Contract Import Management 98

Procurement Freelancers

JUNE 7, 2024

Effective importing procedures are essential in international trade. They are what keep supply chains operating… The post 7 Ways a Sourcing Agent Can Transform Your Imports first appeared on Procurement Blog | Procurement & Supply Chain News.

Import 80

Import Sourcing Supply chain Procurement 80

Future Purchasing

OCTOBER 4, 2022

The importance of strategic alignment. In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. There are a number of critical elements to consider.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Spend Matters

APRIL 10, 2025

The new tariff structure introduces sweeping changes to how imports are treated, starting with the US shifting away from Most-Favored Nation (MFN) tariff norms in several instances. This means that proving the origin of goods is now more important than ever.

Procurement 94

Procurement Raw materials Risk Supply chain 94

Jaggaer

FEBRUARY 20, 2025

Although the terms may seem cumbersome, for senior management and company directors they provide a useful shorthand. Category management: Whereas spend management aims to depict the entire landscape, category management fills in the detail for each major spend category. the public sector).

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

JANUARY 10, 2024

Many category managers and buyers struggle with data transparency and aggregation. Such technical details are important because they drive prices and are critical elements to match parts against supplier capabilities. In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics.

Raw materials 103

Raw materials Category management Buyers Price 103

ivalua

JANUARY 13, 2021

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. This is important to maximize the adoption of the tool and eventually of the process. It is key to avoid maverick spend.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Una

SEPTEMBER 13, 2022

Whatever the reason, category managers need to keep their fingers on the pulse of enterprise strategy, think about how any changes relate to their category management , and take action to stay relevant. Remember that the enterprise strategy is only one of several important strategies in the organization.

Strategy 98

Strategy Category management Purchasing Risk 98

Spend Matters

OCTOBER 24, 2024

It uses its AI-backed cost analytics to support direct materials management and category management. Typical end users are strategic procurement experts, cost engineers, buyers and category managers. What is COVALYZE COVALYZE offers deep parts analysis (price/cost-focused) for direct materials.

Raw materials 111

Raw materials Category management Buyers Price 111

ivalua

APRIL 4, 2019

Someone that has experience being a category manager for the interior of trucks might deliver a fresh new take on designing kitchens. While it’s important to have the big picture, you can’t expect to predict the exact demands facing you as a Procurement professional 5 years from now. Dare to mix it up. Stay flexible.

Procurement 150

Procurement Category management Innovation Demand 150

Jaggaer

FEBRUARY 5, 2025

The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Strategic sourcing makes sense for suppliers that are of strategic importance to your organization. Which Suppliers Are Truly Strategic?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Spend Matters

OCTOBER 17, 2024

It is also important to note that ivoflow focuses solely on direct spend analytics, i.e., manufacturing and direct materials, a rarity in the procurement spend analytics technology market. ivoflow offers a valuable solution for efficiently and effectively managing direct spend.

Category management 112

Category management Sourcing Data Bill of materials 112

Procurement Leaders

JUNE 24, 2024

CPOs occupy a hugely important position, assuming responsibility for billions of dollars of spend and owning relationships with hundreds of strategic partners. Making sure the right person is in seat is a hugely important issue.

Leadership 130

Leadership Strategic planning Category management Influencing 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Where and how to buy strategically important goods and services in a way that optimizes value while minimizing risk.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Software

FEBRUARY 16, 2025

I was a Category Manager in a large FMCG company. The concept promotes efficiency and effectiveness in work habits, emphasising the importance of strategic planning, delegation, and automation to increase productivity. Effective Hourly Rate is a concept I came across back in 2017.

Procurement 52

Procurement Category management Procurement team Import 52

Procurement Software

JANUARY 26, 2025

Automation and Efficiency Automation liberates procurement professionals from mundane transactional tasks, allowing them to focus on strategic initiatives like category management, sustainability, and fostering innovation with key suppliers. Category Managers will be freed up to spend more time on execution rather than data gathering.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Category management 52