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

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The change is more of a mental process than learning to press certain buttons, he says.

Influencing 101

Influencing Procurement supply chain budgeting Strategic sourcing 101

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. As a result of better data, procurement teams gain a whole range of benefits. Sales have had reliable data ever since they had a CRM.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

OCTOBER 26, 2023

It is a digital solution for procurement that aims to transform the role of procurement from a tactical function to a value orchestrator. By leveraging AI and a collaborative approach, akirolabs supports the development of procurement strategies and enables procurement teams to build and execute strategies effectively.

Category management 118

Category management Procurement team Collaboration Strategy 118

Procurement Software

AUGUST 27, 2024

The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In larger organisations especially, it’s has been a symbol of procurement’s metamorphasis from an operational to more professional, strategic focus. And herein lies the problem.

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. If ever there was a time for leadership teams to pull together, it is undoubtedly now. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability.

Category management 52

Category management Management Leadership Stakeholder engagement 52

ivalua

FEBRUARY 8, 2023

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

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

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.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

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

Procurement Templates

DECEMBER 11, 2024

Implement category management to gain deeper market expertise and create tailored sourcing strategies. By integrating these advanced procurement practices, a procurement team can transform from a cost center to a strategic business driver , delivering exceptional results far beyond conventional objectives.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

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 ®. We are very excited about where this will lead for us both.”

Category management 52

Category management Management Supplier relationship management Procurement team 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. It will makes teams replaceable who are only engaged in day-to-day activities.

Supply Chain Efficiency 52

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

Future Purchasing

OCTOBER 4, 2022

Too often Procurement works in isolation when deciding what category projects to work on. Hence, Procurement need to promote the value and benefits of planning and agreeing which projects are going to be worked on over the next 12-month period with their respective business stakeholders. The importance of strategic alignment.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Procurement Heads

DECEMBER 7, 2022

Three years ago I was presented with the opportunity to bring my consulting skillset to procurement more officially at Paysafe and I am really pleased I made that move. How does procurement fit into Paysafe and the business model? The two key functional areas are strategic sourcing and category management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This is where the Belbin Team Role Theory comes into play.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

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

World of Procurement blog

MAY 10, 2024

The Promise of AI for Procurement Teams Artificial intelligence (AI) has the potential to transform and revolutionize procurement processes. This enables more strategic category management, highlighting categories with excessive spend or frequent maverick buying.

Procurement team 52

Procurement team Procurement Real-time Visibility Supply Chain Efficiency 52

Jaggaer

JUNE 7, 2019

Defining Category Management. Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them.

Category management 45

Category management Management Supply Chain Efficiency Vendor relationships 45

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

The Procuretech Podcast

APRIL 16, 2024

This week on The Procurement Software Podcast, host James delves into the concept of creating the ideal procurement team by combining human expertise with technology. Join the discussion on how to merge human talent with technological advancements to elevate procurement's efficiency and added value to new heights.

Procurement team 40

Procurement team Procurement Category management Budget 40

CPO Rising

FEBRUARY 17, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team. Fridays (in 2023) means that it’s time for another CPO Rising Listicle.

Category management 52

Category management Procurement team Management Sourcing 52

NLPA (Next Level Purchasing Association)

JANUARY 6, 2025

By embracing continuous learning and leveraging effective inventory management tools, Purchasing and Procurement professionals can drive efficiency, minimize waste, and deliver exceptional value to their organizations.

Procurement team 52

Procurement team Agile and Lean Supply Chain Procurement Supply Chain Efficiency 52

Procurement Software

FEBRUARY 16, 2025

I was a Category Manager in a large FMCG company. These are: Effective Hourly Rate driving how we approach task management The art of Eliminate, Delegate and Automate to free ourselves of admin or non-value added tass Time Freedom as a concept of wealth Ive chosen to dive into these today because its the perfect moment.

Procurement 52

Procurement Category management Procurement team Management 52

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. How achievable are the goals identified in your category strategy? Streamlining the Category Management Process.

Strategy 98

Strategy Category management Purchasing Risk 98

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. I am part of the central group team and lead on our sustainable sourcing sustainable procurement programme, which aims to embed sustainability in our supply chain.

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

CPO Rising

AUGUST 25, 2023

Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team. Fridays (in 2023) means that it’s time for another CPO Rising Listicle.

Category management 52

Category management Procurement team Management Sourcing 52

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities. Read more. ).

Procurement 98

Procurement Category management Procurement team Risk management 98

ivalua

APRIL 12, 2019

Soft skills and leadership are key enablers for procurement teams and are as important as technological competence. Noël is looking to have non valuable tasks automated and pointed out that this could benefit not just the procurement team but the total supply chain.

Procurement team 176

Procurement team Data Contract Suppliers 176

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. .

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Spend Matters

MARCH 11, 2024

It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 117

Procurement solutions Sourcing Procurement Market analysis 117

Art of Procurement

APRIL 2, 2023

“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing Procurement Teams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.

Procurement team 52

Procurement team Procurement Suppliers Category management 52

Procurement Tactics

OCTOBER 13, 2022

However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. We will discuss the role of strategic sourcing managers within the procurement team and their responsibilities in a company. Assess and calculate the costs of procurement.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

ivalua

NOVEMBER 7, 2019

This process is common in Automotive and other manufacturing industries to ensure that selected suppliers are capable of meeting product quality requirements, and allows program managers and category managers to identify, document, and mitigate potential issues and risk with proper audit standards.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22

Spend Matters

MARCH 12, 2025

Instead of spending countless hours wading through endless company profiles, procurement teams can identify potential business partners with speed and precision. Think of it as the art (and science) of finding not just a needle in a haystack but the right needle in an ever-expanding field of hay.

Suppliers 75

Suppliers Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency 75