Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability. Often overlooked, however, is the potential for coaching to be used as a management tool from within.

Category management 52

Category management Management Leadership Stakeholder engagement 52

Procurement Software

AUGUST 27, 2024

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?

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Skill Dynamics

JANUARY 14, 2025

Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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

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. All Rights Reserved.

Category management 61

Category management Strategy Raw materials Management 61

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

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. Edwards Demming. To what process am I referring? Data Modernization.

Category management 45

Category management Management Data Leadership 45

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

ivalua

NOVEMBER 7, 2019

Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. The new capabilities are available now as part of Ivalua’s latest platform release.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22

Future Purchasing

OCTOBER 4, 2022

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. The importance of strategic alignment. There are a number of critical elements to consider.

Category management 52

Category management Collaboration Real-time Visibility Management 52

Procurement Tactics

OCTOBER 13, 2022

The following are some of the responsibilities strategic sourcing managers do in their work: Supervise the supply portfolio to ensure transparency of spending. Generate and integrate efficient sourcing and category management strategies. Determine the quantity, quality, and timing of the delivery. Risk management.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

Procurement Software

MARCH 16, 2025

Better Data One of the biggest advantages of digitising your procurement operations is improved data quality. You know that you shouldnt be paying Category Managers and Strategic Sourcing Managers their salaries to spend a third of their day on non-value-added tasks , but we all know it happens!

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

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. How Has Strategic Sourcing Evolved? However, whats really missing hereneeds analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Heads

NOVEMBER 9, 2022

From then, seeking a new challenge, I moved to LV= to IT procurement a couple of years later and didn’t look back until earlier this year when I was presented with a great opportunity to head up the non-Claims Supplier Relationship Management (SRM) team here at Allianz Holdings, after first TUPE’ing across at the start of 2020.

e2e 246

e2e supply chain budgeting Agile and Lean Supply Chain Chief Procurement Officer 246

Jaggaer

FEBRUARY 20, 2025

Category management: Whereas spend management aims to depict the entire landscape, category management fills in the detail for each major spend category. Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

SCMDOJO

APRIL 20, 2023

The successful candidate will be responsible for managing the procurement process from start to finish, ensuring that the organization acquires the necessary goods and services at the best possible price and quality.

Management 116

Management Procurement Contract management Supply Chain Optimization 116

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

Supply Chain Game Changer

OCTOBER 28, 2021

Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. To paraphrase a question posed in a chat panel at DPW 2021 last week by Susan Walsh — The Classification Guru, ‘Can Digital Transformation take place in Procurement with poor data quality?’. Data quality is pivotal. Dirty Little Secret #2–4.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

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. The word quality here covers a range of considerations contributing to value in every aspect of a companys operations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

ivalua

JUNE 29, 2021

These programs are as familiar to procurement professionals as concepts like spend analysis or category management. These advantages include the increased competition that diverse suppliers bring to an organization, which can directly improve quality and drive down costs. have accepted as a key element of procurement.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

Spend Matters

OCTOBER 24, 2024

To potential buyers — COVALYZE can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles. From that foundation of quality data, we could proceed with deep data analysis.” What are COVALYZE’s greatest strengths?

e2e 119

e2e Data interpretation Buyers Data 119

Jaggaer

OCTOBER 24, 2024

Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills? The quality, timeliness, and transparency of that collaboration can have a dramatic impact on manufacturing performance. Supplier collaboration is a business essential.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

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. Buyers of direct materials will empathize with the availability and quality of an item rather than the price itself. Project procurement should be fast!

Strategic sourcing 97

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

Jaggaer

FEBRUARY 13, 2025

In terms of measurement, the biggest challenge is likely to be the lack of data and/or the poor quality of data. First, provide specific guidance on the quality of information they must provide to assist with measurement. It is vital that your suppliers should understand your companys decarbonization ambitions.

Leadership 52

Leadership Procurement Supply Chain Efficiency Sustainability 52

The Good Spending

APRIL 2, 2023

When discussing value generation , we mainly mention category management, stakeholder relationships, and supplier innovation. Draft Demand Plan includes thousands of SKU lines, which procurement needs to segment into different categories. Not 100% of the demand will be covered by the category management.

Procurement 98

Procurement Demand Planning Budget Category management 98

Una

JULY 19, 2022

A multi-faceted approach to sourcing will also do three crucial things for your organization: Minimize costs and reduce errors Maximize quality and experiences Help align procurement with the company’s overall objectives. Maximize quality and experiences. Minimize costs and reduce sourcing errors.

Procurement strategies 98

Procurement strategies Strategy Procurement Supplier relationship management 98

ivalua

APRIL 12, 2019

A recent Ivalua study with Forester identified capacity being consumed by operational and manual activities as one barrier, along with a lack of contextual access to insights, and poor data quality as other blockers. So, is AI the light at the end of the tunnel for overworked procurement functions?

Procurement team 176

Procurement team Data Contract Suppliers 176

ivalua

APRIL 13, 2021

Effectively category management, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data. No wonder no other objective increased in importance more according to Forrester Consulting’s study on restoring growth , with 65% saying it increased.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Collaboration 130

Procurement Heads

JANUARY 4, 2023

Managing supplier risk and resilience is a massive issue across every organisation, ensuring we don’t have single points of failure and maintain robust exit plans so we know what we will do in the event of a stressed or a planned exit. And, of course, ensuring that we’ve got excellent quality relationships.

Supply Chain Efficiency 246

Supply Chain Efficiency Agile and Lean Supply Chain Sustainability Suppliers 246

ivalua

AUGUST 17, 2021

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. . There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Direct vs Indirect Procurement.

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Future Purchasing

FEBRUARY 3, 2022

What happens before Category Management? The answer to this can fundamentally affect how category management delivers in practice. This pre-category management activity comes under several names, but all are doing the same thing.

Category management 59

Category management Procurement supply chain budgeting Budget 59

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

ivalua

MAY 15, 2020

He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategic sourcing. I was less dogmatic about specific experience but looked for broader skills and the right attitude”.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Contract administration 130

Spend Matters

DECEMBER 21, 2023

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Procurement Freelancers

NOVEMBER 24, 2024

In today’s globalized economy, businesses are constantly seeking ways to reduce costs and find high-quality… The post How Sourcing Agents Simplify Your Global Supply Chain first appeared on Procurement Blog | Procurement & Supply Chain News.

supply chain budgeting 98

supply chain budgeting Sourcing Supply chain Supply 98

SCMDOJO

JULY 18, 2023

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. Read More: Category Management in Procurement: A Comprehensive Overview & Best Practices ] What is Contract Management?

Contract management 98

Contract management Contract Import Management 98