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

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Negotiation Your procurement specialists must be able to negotiate effectively with your suppliers.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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. Business requirements.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

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 31, 2024

Because True ValueHub is collaborative in a way most costing solutions are not, the solution can support discussions and negotiations between buyers and suppliers based on facts, which is a condition for capturing more value for both sides. As mentioned above, it has distinct capabilities (e.g.,

Buyers 114

Buyers Raw materials Networking Suppliers 114

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

Procurement Tactics

OCTOBER 13, 2022

All in all, strategic sourcing managers use data to make informed decisions as what they do can have a huge impact on the overall process of the company. . Want to become a Negotiation Game Changer? Responsibilities of Strategic Sourcing Managers. Generate and integrate efficient sourcing and category management strategies.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. This makes being open to change indispensable in category management. Find out more.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

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

Supply Chain Game Changer

NOVEMBER 23, 2018

Supply Chain is about much more than just negotiating lower materials costs. How do you manage your materials spend? “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance. Negotiation strategy/process.

Category management 61

Category management Strategy Raw materials Management 61

Procurement Freelancers

JULY 24, 2023

In this highly competitive business landscape, procurement ⁠ freelancers must possess valuable negotiation skills. With companies… The post The Art of Negotiation: How Procurement Freelancers Can Master the Game first appeared on Procurement Blog | Procurement & Supply Chain News.

Negotiation 97

Negotiation Procurement Supply chain Supply 97

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

Positive Purchasing

MARCH 20, 2024

Can Digital Category Management Enhance Efficiency Without Sacrificing Human integrity? This is a great complementary solution which can be used alongside tools like Capella , our guided category strategy creator®, and Ruby , our guided negotiation plan creator ®.

Category management 52

Category management Management Supplier relationship management Procurement team 52

Jaggaer

FEBRUARY 20, 2025

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. Strategic sourcing becomes part of the process and ensures that the best vendors are selected, and that favorable deals are negotiated with them.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Freelancers

AUGUST 3, 2024

Vendor negotiations are an essential part of the complex procurement industry that can have a… The post Sourcing Agents Secure Successful Procurement Negotiations first appeared on Procurement Blog | Procurement & Supply Chain News.

Negotiation 74

Negotiation Sourcing Procurement Supply chain 74

The Good Spending

JULY 27, 2023

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. If your company keeps negotiating unit prices, they need a category management lifebuoy.

Category management 52

Category management Management Logistics Price 52

Procurement Tactics

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. Want to take your negotiation results to the next level? Omid Ghamami.

Procurement 231

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

ivalua

FEBRUARY 25, 2021

This complex series of business processes includes everything from supplier and category management to sourcing projects and contract negotiations and often suffers from inefficiency, poor visibility, unnecessary complexity and missed opportunities. Strategic category management.

Category management 100

Category management Contract management Contract Negotiation 100

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

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. Negotiation with suppliers implies direct human interactions: face-to-face, by phone or email etc. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

ivalua

JANUARY 13, 2021

. – Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Jaggaer

FEBRUARY 5, 2025

Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management. Some of the most effective techniques include supplier segmentation, e-auctions and competitive bidding, collaborative negotiations, and data analytics for demand forecasting.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

World of Procurement blog

NOVEMBER 9, 2020

Usually, we are vocal about our success stories, but just like every surgeon carries within himself a small cemetery – every buyer got a backlog of failed negotiations, messed up contracts, and supplier relationships having gone south. Don’t let people forcing you into a kamikaze role to prove that they are better off managing that supplier.

Negotiation 52

Negotiation Suppliers Category management Buyers 52

Procurement Templates

MARCH 7, 2024

Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

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. That means negotiating a medium to long-term contract to support security of supply and having a contingency plan in place in the event of problems.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

Procurement Software

MAY 21, 2024

Will AI replace procurement professionals in negotiations? But, this then begs the question, what about negotiation? Could AI replace the need for procurement professionals in negotiations? AI, procurement and supplier negotiations: where is this going? But, not so fast. And, if so, to what extent will this happen?

Supplier negotiation 52

Supplier negotiation Negotiation Suppliers Procurement 52

SCMDOJO

APRIL 20, 2023

Roles and Responsibilities Within the Procurement Department The procurement department is responsible for managing the purchasing and procurement process for a company or organization. Read More: Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities ] What does a Procurement Manager do?

Management 116

Management Procurement Contract management Supply Chain Optimization 116

Ms. Category Management

MAY 15, 2019

MsCategoryManagement blogs about IT Sourcing and Nightmare Negotiations.

Negotiation 52

Negotiation Sourcing Strategic sourcing Strategic sourcing 52

Una

JULY 6, 2022

GPOs also bring balance to the negotiating equation because they already have relationships and contracts in place with vendors and suppliers. When you pool your buying power with other businesses, you receive the benefit of upfront savings from higher volume and pre-negotiated discounts. Supply Chain Management.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. What is the Negotiation Process and its Stages Lesson 2. Planning and Preparation for Negotiation Lesson 3. Interest-based negotiation Lesson 4. What you will learn: Lesson 1.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Spend Matters

OCTOBER 17, 2024

What is ivoflow ivoflow supports quote and cost-break-down comparisons, including landed-costs assessment and negotiation guidelines. It also provides direct materials data analytics, dashboards, KPIs, category recommendations, supplier recommendations and a designated dashboard to show its clients their ESG and compliance data.

Category management 111

Category management Sourcing Data Bill of materials 111

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. Indeed, we understand that leverage item attract negotiations, while non-critical ones are about sourcing process efficiency, buying channels, etc.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Ms. Category Management

DECEMBER 29, 2019

Find out how to breakthrough business negotiations, when you're a victim of the stonewalling technique.

Negotiation 52

Negotiation Supplier relationship management Category management Suppliers 52

The Procuretech Podcast

OCTOBER 19, 2022

This episode we're talking about negotiation. And there's no one more influential in the negotiation space than the host of the Negotiations Ninja Podcast himself, Mr. Mark Raffan. Will Negotiation Bots Replace Humans? Mark Raffan from Negotiations Ninja. 23:49 Mark runs a negotiation training business.

Negotiation 40

Negotiation Category management Buyers Bidding 40

Skill Dynamics

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiation 52

Negotiation Procurement Procurement strategies Buyers 52

Una

NOVEMBER 13, 2023

How to Negotiate in a Power Imbalance Strategies you can use to negotiate in a power imbalance and level the playing field in a way that leads to win-win outcomes for everyone involved. Strategies to negotiate in a power imbalance Let’s talk strategy. How do you negotiate when the odds seem stacked against you?

Negotiation 52

Negotiation Purchasing Price Suppliers 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