Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Effective internal cross-functional working is the foundation of successful category management. Improvement opportunities.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

ivalua

JUNE 24, 2020

Effectively manage third party risk with 360 degree visibility, including subcontractor exposure. Accelerate cost optimization across spend types, including complex services, with smarter category management. Implement and demonstrate the value of their sustainability strategy and improve their company non-financial rating .

Spend management 246

Spend management Management Cost optimization 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

Spend Matters

JANUARY 5, 2023

To combat the effects of high inflation and recession fears, chief procurement officers, category managers and sourcing professionals need to prepare for a potential double whammy – a slowdown in demand and supply shortages. What remains to be determined is its length, severity and impact on various sectors of the global economy.

Innovation 98

Innovation Chief Procurement Officer Procurement Category management 98

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.

Category management 52

Category management Management Procurement Market analysis 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 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. The two key functional areas are strategic sourcing and category management. Then we also have vendor management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Spend Matters

OCTOBER 26, 2023

To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative application of technology. Category management is used to collaboratively solve complex problems, which, in part, explains the low level of digitalization of this business process.

Category management 118

Category management Procurement team Collaboration Strategy 118

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

Supply Chain Brain

MARCH 11, 2025

Here are five crucial areas of difficulty, and how AI can play an innovative role in helping handle them.

Category management 52

Category management Management Innovation 52

Procurement Freelancers

JUNE 3, 2024

They offer the goods… The post Elevate Your Business With Innovative Suppliers Sourcing Solutions first appeared on Procurement Blog | Procurement & Supply Chain News. The prosperity of every company is mostly dependent on its suppliers.

Innovation 75

Innovation Sourcing Suppliers Supply chain 75

ivalua

MARCH 28, 2019

Outside the technology field, we have also seen “science” come to the fore in terms of codifying processes such as Category Management. There may be different models in use, but there is a pretty well-accepted logical methodology behind how organisations approach their management of major spend areas.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Una

FEBRUARY 18, 2025

When was the last time you took a good, hard look at your category management strategy? A fresh, dynamic category strategy is essential for driving continuous improvement and making sure your procurement efforts are truly adding value to your organization. One of the best ways to supercharge your strategy?

Category management 40

Category management Strategy Management Procurement team 40

Spend Matters

OCTOBER 25, 2022

VP of Research, Nick Heinzmann, Managing Director, strategic research and development Pierre Mitchell, and Senior Analyst P2P and advisor Xavier Olivera are there to take part in the event where SAP is announcing innovations, milestones and areas of focus in spend management. Read more. ). Read more. ).

Category management 97

Category management Procurement strategies Spend management Innovation 97

Positive Purchasing

DECEMBER 11, 2024

With Procleus powering your function, you’ll have the full suite of proven procurement and negotiation toolkits to drive cost out, risk down, sustainable procurement, innovation and new value from your supply base. Procleus takes care of team-wide learning and development with a vast elearning library and assessments.

Procurement 52

Procurement Negotiation Category management Strategy 52

Procurement Freelancers

JULY 27, 2023

In today’s rapidly advancing digital era, businesses are constantly seeking ⁠ innovative ways to source goods… The post Innovative Ways to Source Goods and Services in a Digital Era first appeared on Procurement Blog | Procurement & Supply Chain News.

Innovation 78

Innovation Sourcing Supply chain Procurement 78

ivalua

APRIL 4, 2019

This consists of hiring people that will bring more than just their specific category experience. By building a team with a diverse background you foster a culture of innovation that can push people to think outside of the box. Dare to mix it up.

Procurement 150

Procurement Category management Innovation Demand 150

Procurement Tactics

AUGUST 25, 2022

He has been with Fannie Mae, the Federal National Mortgage Association, for nine years where he currently leads the strategic sourcing and category management group addressing a $5 billion spend portfolio. . Suppeco allows its customers in any industry to optimize its customer-supplier ecosystem to push for innovation and growth.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Spend Matters

OCTOBER 24, 2024

To warrant such attention, these vendors must have a product that is ideally 2-to-5 years old, is used by more than five customers and displays an innovative application of technology. It uses its AI-backed cost analytics to support direct materials management and category management.

Raw materials 111

Raw materials Category management Buyers Price 111

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.

Supply Chain Efficiency 52

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

Spend Matters

OCTOBER 31, 2024

To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative application of technology. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub.

Buyers 114

Buyers Raw materials Networking Suppliers 114

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. Do what is right for service, efficiency, compliance, innovation and sustainability. How do you split the function out? Listen, observe and understand. Don’t just go for savings.

Supply Chain Efficiency 246

Supply Chain Efficiency Supply chain Sustainability Suppliers 246

Procurement Heads

NOVEMBER 3, 2022

Now is not the time to freeze hiring processes – people are an organisation’s greatest asset, pausing recruitment campaigns frequently leads to losing a competitive advantage which can, in turn, impact growth and the innovation mindset.

Chief Procurement Officer 130

Chief Procurement Officer Category management Demand Procurement 130

Procurement Heads

NOVEMBER 3, 2022

Now is not the time to freeze hiring processes – people are an organisation’s greatest asset, pausing recruitment campaigns frequently leads to losing a competitive advantage which can, in turn, impact growth and the innovation mindset.

Chief Procurement Officer 130

Chief Procurement Officer Category management Demand Procurement 130

Spend Matters

OCTOBER 17, 2024

To warrant such attention, these vendors must have a product that is ideally two to five years old, is used by more than five customers and displays an innovative application of technology. In some ways, this is a blessing, as it may succeed in the category management market more than the spend analytics market, for example.

Category management 113

Category management Sourcing Data Bill of materials 113

Procurement Heads

FEBRUARY 7, 2023

Category management has been added and embedded into the operating model. Everyone: Category Managers, Sourcing Managers and Procurement Leaders will need to upskill and onboard ESG as part of their business-as-usual objectives. How procurement has evolved since seems just unimaginable.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

ivalua

FEBRUARY 8, 2023

is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management. The power of collaboration allows for more innovative solutions, improved efficiency and a reliable supply chain in even the most uncertain times.

Supply chain resilience 242

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

Empowering CPO

JUNE 14, 2023

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Introduction A. Understanding Procurement A.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

ivalua

APRIL 13, 2021

Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Effectively category management, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

ivalua

AUGUST 17, 2022

O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.

Sourcing 130

Sourcing Buying process Supplier relationship management Supply Chain Optimization 130

Procurement Leaders

JUNE 9, 2022

This represents a major paradigm shift for PMI, changing the makeup of what is being sourced but also driving a need for greater innovation to build a smoke-free product portfolio. To take one example, for category management, staff members can go through an eLearning programme that includes templates for category strategy preparation.

Category management 130

Category management Strategy Procurement Innovation 130

Spend Matters

FEBRUARY 13, 2025

That placed new commitments on the company in addition to all of the other challenges everyone was facing at the time such as a focus on growth, innovation and operational excellence. After operating as a privately-owned entity for 99 years, Utz went public in August 2020.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

CPO Rising

OCTOBER 14, 2024

Early Tuesday morning I flew down to Amsterdam for Keelvar Konnect and on… The post Magnus Mondays — Conferences, Innovations, and Sore Feet appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

Chief Procurement Officer 52

Chief Procurement Officer Innovation Supply management Procurement 52

Positive Purchasing

NOVEMBER 9, 2023

The good news is there is already a well-proven approach that can help – category management. Using Category Management to Drive Sustainability For some areas of spend, a simple desktop review to scope and plan improvement projects to be implemented via cross-functional engagement can be sufficient, or at least a good start.

Sustainability 111

Sustainability Category management supply chain budgeting Influencing 111

ivalua

OCTOBER 27, 2020

The comprehensive project spanned Supplier Information, Risk, & Performance Management, eSourcing, Contract Management, Catalog management, Spend Analysis, Savings Tracking, Category Management & overall change management.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Networking 26

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions.

Risk 98

Risk Data Category management Buyers 98