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Procurement Category Management for Business

ProcurePort

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […].

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What’s the Difference Between Commodity Management and Category Management?

Supply Chain Game Changer

For a considerable portion of my career I have worked in the Manufacturing and Logistics/Distribution Industries. In these industries a segment of the Procurement organization is called Commodity Management. So what is the difference between Commodity Management and Category Management? Commodity Management.

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Managing risks, priorities and talent: Nestlé’s approach to the polycrisis

Procurement Leaders

After almost three years spent standing up to the effects of a global pandemic, logistics delays, inflation, scarcity and numerous other challenges, Stroup feels procurement is finally getting the acknowledgement it deserves. Listen to the conversation in full or read highlights, below: Highlights. ” Stroup says.

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Is the role of Procurement Category Manager dead?

Procurement Software

The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In addition, supply chains and risk management have become more complex, requiring a less siloed and more joined-up approach to managing strategic suppliers. So, how will this impact category management?

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Category Management in Practice: A Case of HDPE Pipes

The Good Spending

a weak or strong dollar, local inflation affecting the manpower cost) logistics (e.g., Category managers and analysts must consider all those factors to develop a balanced sourcing strategy. Local logistical costs of HDPE pipes Let's also consider one more HDPE cost-related factor - local logistics.

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What About Procurement Objectives?

Procurement Templates

Implement category management to gain deeper market expertise and create tailored sourcing strategies. Elevate Stakeholder Management Achieve True Integration: Create cross-functional sourcing teams involving R&D, marketing, and logistics.

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Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

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. All Rights Reserved.