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.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

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

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Spend Matters

OCTOBER 31, 2024

To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers. We asked True ValueHub’s CFO and COO Sophia Banar: How did True ValueHub come into being?

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Procurement Freelancers

FEBRUARY 14, 2023

Planning and strategy are necessary when sourcing goods from another nation. It is not like… The post Importance Of Strategic Sourcing Consultants first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 89

Strategic sourcing Strategic sourcing Sourcing Import 89

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 97

Strategic sourcing Strategic sourcing Business strategy Sourcing 97

Supply Chain Game Changer

MARCH 26, 2019

However when I entered the Retail industry the group largely responsible for Procurement, amongst other things, was called Category Management. So what is the difference between Commodity Management and Category Management? Commodity Management. They would place, change, and manage purchase orders.

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

Spend Matters

FEBRUARY 13, 2025

The most significant impact of implementing a spend analytics solution was providing the visibility and details behind the dollars spent on various Indirect spend categories. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Tactics

MARCH 16, 2023

Procurement Strategy This key element of strategic procurement is a long-term plan that ensures purchased goods and services from suppliers at the agreed terms, quality, and delivery time are cost-effective. Category Management Category management sorts your spending into areas with the same supplier markets.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

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. We have 11 people in the function across strategic sourcing and vendor management, mainly based across two locations: London and Sofia in Bulgaria.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

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

Procurement Freelancers

NOVEMBER 7, 2023

Strategic sourcing is crucial in today’s ever-changing corporate environment. Strategic sourcing of commodities, services, and…

Strategic sourcing 68

Strategic sourcing Strategic sourcing Sourcing Management 68

Ms. Category Management

MARCH 8, 2019

Check out my new blogs from 2019; Strategic Sourcing in the Stone Ages by Ms Category Management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Category management 52

Positive Purchasing

MARCH 4, 2025

By Jonathan OBrien with Stphane Morel In the ever-evolving landscape of procurement and supply chain management, category management remains a cornerstone. However, as technology advances and digital solutions become more integrated, the approach to category management is also transforming.

Category management 52

Category management Strategy Management Collaboration 52

Jaggaer

FEBRUARY 20, 2025

But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Templates

DECEMBER 11, 2024

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

Procurement 130

Procurement Supply Chain Efficiency supply chain budgeting Cost of ownership 130

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

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. So, how will this impact category management?

Category management 52

Category management Management Procurement Agile and Lean Supply Chain 52

Ms. Category Management

MAY 22, 2019

7 (Seven) Fun Facts about Category Managers that you may not have known!

Category management 52

Category management Management Strategic sourcing Strategic sourcing 52

CPO Rising

AUGUST 5, 2024

… The post Magnus Mondays (Reprisal) — Category Management: All Talk No Action? appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT. Magnus returns with new content in August.]…

Category management 52

Category management Chief Procurement Officer Management Supply management 52

Jaggaer

JULY 10, 2024

Category management: You can then take this enriched data and turn it into insights that help to inform and define executable category strategies. Learn more about strategic sourcing: empowering decision-making across disciplines in our on-demand Video: Watch now Find out more at www.carbmee.com

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

Skill Dynamics

JANUARY 14, 2025

They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

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

Procurement Software

MARCH 16, 2025

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

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. The Strategic Sourcing Matrix Let’s start with the classical view, which is the adapted Strategic Sourcing matrix.

Strategic sourcing 97

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

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

Procurement Leaders

JUNE 20, 2023

Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made. As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

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. It’s critical to communicate how the function has evolved and the impact procurement professionals can have on a business’s success, particularly in a post-Covid world.

Supply chain resilience 242

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

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

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

ivalua

FEBRUARY 25, 2021

A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategic sourcing in supply chain. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

AUGUST 25, 2022

Kearney where he spent 10 years in the consulting firm’s strategic IT and operations practice which drives client business transformation and optimization initiatives. He is a member of the advisory board for the world’s premiere global association for sourcing and procurement professionals.

Procurement 231

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

CPO Rising

MARCH 11, 2024

A few years later I got a new title, strategic buyer! Since then, it feels like the term “strategic buyer” has been replaced by category manager, but […] Nothing actually changed but I got a fancier title.

Category management 40

Category management Management Buyers Procurement 40

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. Simplification of systems and tools was a key part of the programme.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Contract administration 130

CPO Rising

FEBRUARY 17, 2023

The vast majority of sourcing professionals know that having a […] Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations.

Category management 52

Category management Procurement team Management Sourcing 52

Procurement Leaders

JUNE 1, 2022

Procurement was then able to embark on the main bulk of its transformation, including implementing new teams, transitioning other functions’ spend to procurement and implementing a category management structure.

Procurement 130

Procurement Strategic sourcing Strategic sourcing Leadership 130

Ms. Category Management

JULY 26, 2019

Boost your strategic know-how with these 10 books. Just don't fall asleep before you finish them!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Procurement 52